President Donald Trump announced a 100% tariff on computer chips, exempting those made in the U.S. This decision followed a three-month temporary exemption during the COVID-19 pandemic. The move is expected to protect U.S. companies like Apple, which has committed $600 billion to domestic production, part of a collective $1.5 trillion investment by big tech in the U.S. since January. Apple’s stock rose 8% following the announcement, and Nvidia saw a slight increase. Matt Gagnon noted the nuanced nature of tariffs, comparing them to Milton Friedman’s views, which allowed for exceptions in infrastructure and defense.
The horse-drawn carriages that have cruised through Central Park for more than 150 years will soon be banished from New York City, ending an iconic tradition beloved by tourists but long opposed by animal welfare activists.
Trees fell onto homes and utility poles were knocked down by a possible tornado in a central Arizona community during a series of violent storms that moved through the state overnight into Thursday.
The Orionids — one of two major meteor showers caused by remnants from Halley's comet — will peak this week, though a large moon will dim visibility until after it sets late at night.
Six Flags Over Georgia opened its gates Friday evening for the first time since a man fell to his death from one of the amusement park's towering roller coasters.
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