Typically, the three months ending in June are Apple's slowest in terms of iPhone sales and revenue. This year, though, Apple posted the strongest third quarter in company history, beating analyst expectations for earnings per share and revenue. The beat drove the stock up over 3% in extended trading. However, there were some signs of…
WASHINGTON — The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives. Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of the Group…
Concerned about the potential for readily available downloadable instructions to make 3D-printed guns, a group of state attorneys general has filed suit to block a Trump administration settlement with an organization Defense Distributed, a Texas non-profit. Until June 29, the federal government had maintained that the printer files and tutorials violated firearms export laws. Washington…
From left, Speaker of the House Paul Ryan, President Donald Trump, and Rep. Kevin Brady Evan Vucci/AP Images President Donald Trump is mulling a plan to go around Congress and implement a technical tweak to the tax code that would result in a nearly $100 billion tax cut, according to a new report. The New…
WASHINGTON — Congressional Republicans, already facing a difficult election landscape, confronted a prospect on Sunday they had worked feverishly to avoid: a threat by President Trump to shut down the government over funding for a border wall. “I would be willing to ‘shut down’ government if the Democrats do not give us the votes for…
There is a scene in an episode of last season’s Hard Knocks—the HBO reality documentary series that follows an NFL team during training camp—in which Tampa Bay Buccaneers defensive tackle Gerald McCoy tests the limits of the league’s newly-loosened celebration rules. “Is this too much?” asks McCoy, playfully swiveling his hips, of visiting NFL referee…
The New York Times put out a statement Sunday that seemed to counter President Donald Trump's claim earlier in the day about a meeting with A.G. Sulzberger, the paper's publisher. "Had a very good and interesting meeting at the White House with A.G. Sulzberger, Publisher of the New York Times," the president tweeted on Sunday…
In 2015, the Obama administration encouraged Afghan commanders to give up defending some of the most remote checkpoints and outposts that were seen as difficult to reclaim and hold. General Nicholson supported the idea after he took command in 2016, the official said. Should Afghan troops pull back now, defending remote pockets of the country…
Facebook crashes. Facebook shares lost nearly 25% of their value, wiping $120 billion off its balance sheet, after the company reported slowed user growth and weaker-than-expected revenue projections. The market plunge followed a host of privacy issues affecting the company—most notably, the blowback from Cambridge Analytica’s alleged misuse of people’s data and the enactment of GDPR,…
A car passes through flames on Highway 299 as the Carr Fire burns through Shasta, Calif., Thursday, July 26, 2018. Fueled by high temperatures, wind and low humidity, the blaze destroyed multiple homes and at least one historic building. AP Photo/Noah Berger The Carr Fire tearing through Northern California is so powerful that it's creating…
