ISLAMABAD (AP) – Pakistanis faced record fuel price increases Friday, as petrol and diesel prices rose by up to 54% driven by the war in the Middle East that has caused global oil prices to surge. The increase adds pressure to a cash-strapped nation already grappling with high inflation, as economists warned the hike would push up food prices and living costs.
NEW YORK (AP) – Sales of Tesla vehicles rose in the past three months in a possible sign recovery is afoot after a brutal year of boycotts over Elon Musk’s politics but still fell short of expectations. The company Thursday said sales rose 6% to 358,023, the first time in three years it posted a first-quarter increase from the year-earlier period.
NEW YORK (AP) – President Donald Trump signed an executive order Thursday that could slap long-threatened pharmaceutical tariffs of up to 100% on some patented drugs from companies that don’t reach deals with his administration in the coming months.
After two years of tweaks to its value menu, McDonald’s has a new strategy: keep it simple. The fast-food giant’s budget-focused McValue menu will have 10 items that each cost under $3 starting April 21. The breakfast items include hash browns or a Sausage McMuffin. A small order of fries or a McDouble burger are among the options the rest of the day.
The average long-term U.S. mortgage rate climbed for the fifth straight week, reaching its highest level in nearly seven months, another setback for home shoppers in the midst of the spring homebuying season.
Excerpts from recent editorials in the United States and abroad:
Good news for people who regret the Gmail address they came up with when they registered for an account: Google is now letting users change it. Google started quietly rolling out the change late last year in India and said this week in a blog post that it’s now available for all Google Account users in the United States.
NEW YORK (AP) – Stocks recovered most of their earlier losses as volatility returned to Wall Street after two days of solid gains. The S&P 500 fell 0.2% after slumping as much as 1.5% in early trading Thursday. The Dow Jones Industrial Average shed 154 points, or 0.3% as of 12:35 p.m. Eastern. The Nasdaq composite fell 0.3%. Stocks in Europe pared their losses.
SAN FRANCISCO (AP) – The Trump administration is appealing a judge’s order blocking the federal government from taking punitive measures against artificial intelligence company Anthropic after a dispute with the Pentagon over military use of AI.
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