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The White House has raised tariffs on Indian imports by 25%, bringing the total to 50%, but smartphones — including iPhones — are exempt, sparing Apple from a potentially major hit ahead of its September iPhone launch and holiday sales. Apple also avoids tariffs on semiconductors due to U.S.-based component production.

Still, CEO Tim Cook expects tariffs to cost $1.1B this quarter. Analysts say Apple's diversified supply chain, high margins, and $100B U.S. manufacturing investment give it resilience, though India and China remain its only large-scale iPhone assembly options. Tariff policy remains unpredictable, creating logistical challenges.

The larger threat, analysts warn, is Apple's lag in artificial intelligence. Delays to a major Siri upgrade have fueled perceptions the company is behind rivals like Google and OpenAI, whose agent-like AI assistants are advancing faster. Competitors like Nvidia and Microsoft have surged in market value on AI growth, while Apple's hardware focus limits similar gains.

Cook insists AI is a core technology Apple is embedding across products, but analysts say the post-iPhone 17 strategy will be critical to keeping pace. Falling too far behind in AI could give Samsung, Google, and Qualcomm an edge in smartphones.

President Donald Trump, without evidence, has claimed the Bureau of Labor Statistics (BLS) manipulated economic data for political purposes, following his firing of its commissioner after a poor jobs report. His economic advisers avoid endorsing the “rigged” narrative, instead framing the move as a push for reform and modernization of the agency.

They stress the importance of appointing a reputable, nonpartisan commissioner to maintain market trust, noting that the BLS process is largely insulated from political influence, with data finalized by career staff before the commissioner sees it. Past officials say a commissioner cannot alter results.

While advisers point to declining business survey response rates and the need for technological upgrades, the administration has proposed budget and staffing cuts. Critics warn these actions undermine the BLS's credibility, considered the global “gold standard” for labor data.

Trump's public comments, including suggesting intentional wrongdoing, have complicated his team's efforts to focus on transparency and efficiency. Economists widely reject claims of political manipulation and caution that such attacks could damage long-term trust in U.S. economic statistics. Trump plans to announce his nominee soon, but confirmation is expected to be contentious.

Former President Donald Trump nominated Stephen Miran, chair of the Council of Economic Advisers and architect of his tariff policy, to fill a temporary vacancy on the Federal Reserve's Board of Governors, replacing Adriana Kugler, who resigned early. If confirmed, Miran would likely support lower interest rates and could potentially be elevated to Fed chair, following a path taken by Janet Yellen and Ben Bernanke.

His confirmation may take weeks to months, possibly affecting his participation in the September 16–17 Fed meeting. A Harvard-trained economist, Miran previously served in Trump's Treasury Department, worked at Hudson Bay Capital, and was a senior fellow at the conservative Manhattan Institute.

He is known for advocating tariffs to rebalance U.S. trade and has dismissed fears of foreign retaliation. On monetary policy, Miran backs Trump's stance for lower rates and has questioned the Fed's traditional independence, calling it outdated and advocating shorter terms for governors. Current Fed Chair Jerome Powell's term ends in May 2026, and it remains unclear if he will stay on as governor until his board term ends in 2028.

A WNBA game between the Atlanta Dream and Chicago Sky was disrupted Thursday when a purple sex toy was thrown onto the court in the final seconds, marking the fourth such incident in recent weeks. Another toy was thrown behind the Dream's bench the same night.

Two spectators were questioned but released due to lack of evidence. The WNBA has warned that offenders will face prosecution and bans, with Commissioner Cathy Engelbert condemning the acts as dangerous and unacceptable. Previous incidents include toys thrown during games involving the Chicago Sky, Golden State Valkyries, Indiana Fever, and others.

Fever guard Sophie Cunningham, who had publicly urged fans to stop, was struck during a game earlier this week. Minnesota Lynx coach Cheryl Reeve criticized the trend as part of the broader sexualization of women, calling it a harmful distraction. One person was arrested in Atlanta and charged with multiple offenses.

The incidents have reportedly been linked to a group of cryptocurrency meme coin creators who admitted to throwing the items as a publicity stunt for a coin launch, claiming it was a protest against the crypto market rather than an attack on women's sports.

IndyCar driver Pato O'Ward and series officials were surprised by a Department of Homeland Security social media post promoting a planned Indiana immigration detention center called “Speedway Slammer.” The post featured a computer-generated IndyCar-style vehicle with the No. 5 — O'Ward's number — marked with “ICE” logos, alongside a prison-like building.

As the only Mexican driver in the series, O'Ward said the imagery was an unsettling coincidence and did not make people proud. IndyCar stated it was unaware of the use of its imagery and requested that its intellectual property not be used for such matters in the future.

Homeland Security Secretary Kristi Noem announced the facility would add 1,000 detention beds through a partnership with Indiana. O'Ward, born in Monterrey, Mexico, is currently second in series points, though Alex Palou could secure the championship this weekend in Portland.

He was in Texas promoting the inaugural Grand Prix of Arlington, scheduled for March 15, 2026, which will take place around the Dallas Cowboys' and Texas Rangers' stadiums. O'Ward also threw the ceremonial first pitch at a Rangers-Yankees game.