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Apple & Alibaba’s AI Delayed by Trade War

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US Inflation Data Hit by Hiring Freeze

The Wall Street Journal reports that the Bureau of Labor Statistics cut back on the number of businesses surveyed for CPI data due to a hiring freeze originally enacted during President Trump’s prior term. This freeze has restricted data collection at a critical time. Economists warn that a skewed CPI could distort both market expectations and monetary policy. With inflation still at the forefront of consumer and market concerns, underreported price data could mislead policymakers and investors alike.
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Apple & Alibaba’s AI Delayed by Trade War

Apple and Alibaba’s joint push to launch AI-powered iPhone services in China has been put on hold. The Financial Times says their approval applications are stuck at the Cyberspace Administration of China. Trade war tensions and regulatory slowdowns may jeopardize this rollout. The delay signals the growing challenge for U.S. tech firms operating abroad, especially in a sensitive market like China.
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Trump Tax Bill Estimate Reduced

The Congressional Budget Office has revised its forecast for the cost of Trump’s tax bill. It now estimates the package will add $2.4 trillion to the debt—down from earlier projections. This reassessment may influence legislative strategy, especially as Trump supporters push for more cuts. While still a major debt load, the number gives fiscal hawks slightly more breathing room.
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Raytheon Lands $1.1B Missile Contract

The U.S. Navy has awarded Raytheon a $1.1 billion deal to deliver 2,500 short-range missiles per year. The project supports increasing demand amid rising global conflict. As allies bolster their arsenals, Raytheon’s continued success shows the lucrative nature of defense manufacturing, especially as global tensions escalate.
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