City Council delays votes on money for migrants, $1.25B borrowing plan
Chicago Mayor Brandon Johnson will have to wait for a final vote on two massive financial measures of enormous importance.
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TechCrunchApple earnings see 10% iPhone sales drop, massive buyback fuels stock jump
Apple on Thursday reported a 10% drop in iPhone sales for the second fiscal quarter, dropping from $51.33 billion to $45.96 billion, year-over-year. Apple’s slow adoption of AI versus competitors like Google and Microsoft likely played a role in consumers’ decision to hold off on purchasing a new iPhone. Apple has promised some big announcements on that front (likely at WWDC in June), but the iPhone 16 itself likely won’t arrive until fall.
- Yahoo Sports
Through 6 starts, new Cubs ace Shota Imanaga has been the best pitcher in MLB
Despite his unimposing presence on the mound, Imanaga's fastball and splitter have completely stymied MLB hitters.
- TechCrunch
TechCrunch Minute: Where CZ’s sentencing leaves the state of crypto
Four months behind bars and a massive fine, that's what CZ is getting from the government for his crypto exchange's misdeeds. There's effort by some in crypto to promote the technology element of blockchains over their well-reported ability to generate new gambling opportunities. Chris Dixon of a16z frames this in "computer vs. casino" terms, which I think is reasonable.
- Yahoo Sports
The Fantasy Baseball Numbers Do Lie: One of 2024's true breakouts is hiding in Chicago
Fantasy baseball analyst Dalton Del Don exposes some fraudulent statistics as we near the close of Week 4.
- Yahoo Tech
The best cheap wireless earbuds for 2024: Our top budget picks
Don't spend $200 or even $150; there are some great options priced well below $100.
- Autoblog
Stellantis is open to putting a gas engine in its EVs to meet demand
Stellantis builds many of its cars on multi-energy platforms, so it can turn an EV into a gasoline-powered model with relative ease if needed.
- TechCrunch
Peloton to lay off 400 employees as CEO Barry McCarthy departs
Peloton, the exercise equipment maker and online fitness course provider, said it is laying off 15% of its workforce (about 400 people) as part of cost-cutting measures. The company also said its CEO, president, and board director, Barry McCarthy, would step down after two years in the role. McCarthy, who was previously CFO at Spotify and Netflix, was coerced out of retirement in early 2022 when Peloton's co-founder and then-CEO, John Foley, left the role alongside a major cost-cutting effort that saw 2,800 employees laid off.
- TechCrunch
Haun Ventures is riding the bitcoin high
Blockchain startups were red-hot when Katie Haun left Andreessen Horowitz in 2021 to launch her own crypto-focused venture firm. Despite having a massive arsenal of dry powder, Haun Ventures didn't rush to scoop up stakes in crypto and web3 on the cheap, and many observers wondered when the firm would pick up its deployment pace. While Haun Ventures says it wasn't exactly sitting on its hands (and capital) through crypto's downturn, the firm was perhaps more cautious than it initially intended.
- Yahoo Finance
Fed holds interest rates at 23-year high, citing 'lack of further progress' on inflation
The Fed is expected to keep interest rates at a 23-year high Wednesday, but investors will be listening for any signs of how long they will have to wait before cuts can begin.
- Yahoo Sports
MLB odds: Elly De La Cruz on pace for historic season, and his MVP odds are dropping
Elly De La Cruz was a thrill ride in April.
- TechCrunch
Chicago-based Hyde Park Venture Partners closes $98M Fund IV with two investments made so far
Midwest venture capital firms might always play catch-up to the coasts, but that’s not stopping some firms from pulling in nice-sized funds to support startups in their local ecosystems and overall region. In 2023, Columbus-based Rev1 secured $30 million for its third Catalyst Fund aimed at life sciences. The Chicago-based early-stage firm has secured $98 million in new capital commitments for its Fund IV.
- Engadget
Microsoft and OpenAI sued yet again by Chicago Tribune and New York Daily News
A group of publications that include the Chicago Tribune, New York Daily News and the Orlando Sentinel are accusing OpenAI and Microsoft of stealing their copyrighted content to train generative AI products.
- Yahoo Sports
Twins beat White Sox again, extending team's longest winning streak since 2008 to 10 games
The Twins' winning streak and their good-luck sausage are very much still a thing.
- Yahoo Sports
Should the Lakers and LeBron James still want each other?
The Lakers haven't been good enough with their aging superstar. Do they have a bright future together?
- Yahoo Sports
NBA Playoffs: Evan Mobley comes up big with game-saving block to give Cavaliers 3-2 lead
The Cavaliers have the lead in NBA TV's favorite series.
- Engadget
The Cheyenne Supercomputer is going for a fraction of its list price at auction right now
The US government is selling the Cheyenne Supercomputer at auction for a fraction of the list price right now.
- Yahoo Sports
NFL Draft Notebook, Part 1: How quickly will rookie QBs and WRs make a fantasy football impact?
Dalton Del Don examines the potential of several first-round picks to become reliable fantasy contributors as rookies.
- Yahoo Sports
2024 NFL Draft TV ratings down despite strong 1st round
Viewership was still better than what the NFL Draft drew two years ago.
- Autoblog
2025 Mercedes-Benz S-Class gets a few tiny modifications
The 2025 Mercedes-Benz S-Class gets some tiny modifications to its tech and luxury offerings before a larger facelift and refresh coming in 2026.
- TechCrunch
Change Healthcare hackers broke in using stolen credentials — and no MFA, says UHG CEO
The ransomware gang that hacked into U.S. health tech giant Change Healthcare used a set of stolen credentials to remotely access the company's systems that weren't protected by multifactor authentication (MFA), according to the chief executive of its parent company, UnitedHealth Group (UHG). UnitedHealth CEO Andrew Witty provided the written testimony ahead of a House subcommittee hearing on Wednesday into the February ransomware attack that caused months of disruption across the U.S. healthcare system. This is the first time the health insurance giant has given an assessment of how hackers broke into Change Healthcare's systems, during which massive amounts of health data were exfiltrated from its systems.