News for May 1, 2025

Apple says Trump’s tariffs could add about $900m to its costs this quarter, even as it shifts more US-bound iPhone production to India and other devices to Vietnam.

McDonald's reported its biggest U.S. sales drop since the COVID-19 pandemic, saying tariff-driven economic worry is hurting lower-income customers and reducing traffic.

Dominion Energy says data center demand in its northern Virginia market is still strong, even as some investors worry the boom could slow.

Microsoft is raising Xbox prices on consoles, controllers, and some headsets, saying higher market costs and tariffs are forcing the changes.

General Motors cut its 2025 outlook after warning that President Donald Trump’s auto tariffs could cost it up to $5 billion this year.

McDonald's reported its biggest drop in US sales since the Covid-19 pandemic as worried consumers cut back spending.

Tesla denied a report that it is looking for a new CEO, saying Elon Musk remains in charge even as the company faces weaker sales and profits.

McDonald's reported its biggest U.S. sales drop since 2020 as more budget-conscious shoppers visited less and cut back on meals out.

Tesla has denied a report that it is looking for a new chief executive to replace Elon Musk, saying he remains the company’s CEO and has its full support.

President Donald Trump asked for patience as the US economy shrank and blamed tariffs, trade disruption, and his predecessor for the weak data.