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Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.
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Apple CEO Tim Cook promised a "big week" of product announcements has seen the introduction of a new budget-friendly iPhone trim, an entry-level Macbook tier, updated iPad Air models, refreshed monitors and higher-end chipsets. All of which was on display at hands-on media events held Wednesday in New York, London and Shanghai.
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Two ratings agencies have downgraded the city of Chicago and kept their negative outlooks intact, citing the city's back-to-back budget shortfalls since 2023.
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