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- Gibson Dunn Hires Rival Wachtell Lipton’s Co-Chair
Gibson Dunn’s hiring of the seasoned litigator William Savitt highlights the fierce competition for top lawyers across Wall Street. [TheTopNews] Read More.11 mins ago - Cyclospora Conspiracy Theories Have Social Media Users Jumping to ConclusionsOn sites like X and TikTok, the conversation about Taylor Farms is dominated by conjecture about the produce firm’s donation to a Trump-linked PAC. [TheTopNews] Read More.46 mins ago
- Apple to lease iPhones, other products to users through Klarna partnership
Apple and buy now, pay later (BNPL) payment provider Klarna are joining forces to offer customers the option to lease a new Apple device in the U.S.The tech giant announced the program, called Apple Upgrade, on Tuesday, and said that customers will be able to lease eligible iPhone, iPad, Mac and Apple Watch devices.Apple Upgrade offers 12- and 24-month leasing options for iPhone and Apple Watch, and 24- and 36-month leasing options for Mac and iPad. Leasing prices start as low as $17.99 per month for iPhone, $11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad.APPLE RAISES PRICES ON SOME STREAMING SERVICES AS LICENSING COSTS CLIMBWhen customers enroll in Apple Upgrade, they can trade in their current device through Apple Trade-In to lower their monthly payments during the leasing term, Apple said. At the end of the leasing term, customers can choose to upgrade to the latest Apple device model, purchase the leased device outright or return it.APPLE RAISES IPAD AND MACBOOK PRICES AS MEMORY CHIP COSTS SURGEApple announced that it would discontinue its iPhone Upgrade Program and iPhone Payments with the rollout of Apple Upgrade. Both programs allowed qualified customers to purchase an iPhone through a 24-month, interest-free installment loan, while the iPhone Upgrade Program also included AppleCare+ and an option for customers to upgrade their device after 12 payments.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe tech giant's partnership with Klarna comes as more Americans are choosing BNPL options to finance purchases. About 51% of Americans say they have used installment plans for online purchases, according to a Gallup survey.While Klarna is best known as a BNPL provider, Apple Upgrade is structured as a lease rather than a traditional BNPL loan.Apple Upgrade is available through Apple's website and U.S. Apple Store locations. [TheTopNews] Read More.54 mins ago - Trump defends tariffs ahead of looming midterms, says they have made the US ‘a...President Donald Trump defended his administration’s tariffs on Tuesday ahead of November’s midterm elections, telling "Fox & Friends" in an interview that they are bringing "a fortune" into the United States. Trump made the remark as his administration is set to impose new tariffs of 10% and 12.5% on imports from 60 trading partners beginning Friday as a temporary global tariff expires. "Are you worried that the tariffs that you put forward over the last couple of days will hurt the economy as they adjust in bringing manufacturing home?" the president was asked by host Brian Kilmeade. "No, because it's bringing hundreds of billions of dollars," Trump responded. "I was at General Motors yesterday. They have the best year. They have the most trucks, the most cars. The tariffs have saved General Motors. What I've done to the auto business, what I've done to the chip business. We have chip companies now making, building hundreds of billions of dollars worth of chip plants in Arizona." TRUMP ADMINISTRATION UNVEILS NEW TARIFFS ON 60 TRADING PARTNERS AS TEMPORARY DUTIES EXPIRE "We are going to end up with 40 to 50% of the chip business from nothing in a year and a half from now," the president added. Trump also said, "It's a shame that I have to go a harder way for the tariffs because the Supreme Court, in a very close decision, you know, ruled against me." The Supreme Court in February had struck down Trump's "reciprocal" tariffs of 10% to 50% that were imposed last year. In response, Trump implemented a temporary 10% global tariff under Section 122 of the Trade Act of 1974 that expires at 12:01 a.m. ET Friday. The Office of the U.S. Trade Representative announced Thursday that the new tariffs, imposed under Section 301 of the Trade Act of 1974, will take effect immediately after the temporary duties expire. TRUMP UNVEILS PHASED TARIFFS ON GENERIC DRUGS TO BOOST US PRODUCTION Canada, Mexico, India and the United Kingdom are among the trading partners that will face a 10% tariff. Taiwan and the European Union, meanwhile, are slated to face a 12.5% tariff. "Now I have other ways of doing the same thing. But it's a more cumbersome process, you know, the way of doing it. But the tariffs have made this country a fortune," Trump said. "It made the country rich. And I stopped eight wars, I would say five of them because of tariffs. The threat of… [TheTopNews] Read More.1 hour ago
- The Iran War Just Put Another Key Oil Route at RiskAttacks in the Strait of Hormuz during the Iran war have led Saudi Arabia to rely on an alternative route for exporting oil. Our reporter Rebecca F. Elliott explains how that route is now threatened by the Houthis, a Yemeni militia supported by Iran. [TheTopNews] Read More.2 hours ago
- As Cyclospora Cases Climb, FDA Official Says Food Supply Is SafeThe acting deputy commissioner for food said the agency was taking action even though finding the root cause of the outbreaks is difficult. [TheTopNews] Read More.2 hours ago
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