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The war in Iran is adding another layer of volatility to an already shaky U.S. economy. Goldman Sachs has increased the chance of a recession occurring within 12 months to 25%, up five percentage points. And food affordability has been a top concern for many Americans, with food prices still on the rise despite efforts to cool inflation. Food prices have risen nearly 24% above pre-COVID levels and consumer sentiment remains near historic lows.
Their popularity and reach shouldn’t be a surprise given the massive scale of the problem. The FTC’s Consumer Sentinel Network, which tracks fraud, ID theft, and related issues, received 6.47 million reports in 2024 alone—the highest number yet. The median loss was $497, over 124,000 reports claimed a loss of $10,000 or more.
CUPERTINO, CALIFORNIA Apple today announced the new iPad Air featuring M4 and more memory, giving users a big jump in performance at the same starting price. With a faster CPU and GPU, iPad Air boosts tasks like editing and gaming, and is a powerful device for AI with a faster Neural Engine, higher memory bandwidth, and 50 percent more unified system memory than the previous generation. With M4, iPad Air is up to 30 percent faster than iPad Air with M3,1 and up to 2.3x faster than iPad Air with M1.2 The new iPad Air also features the latest in Apple silicon connectivity chips, N1 and C1X, delivering fast wireless and cellular connections — and support for Wi-Fi 7 — that empower users to work and be creative anywhere.3 Available in two sizes and four gorgeous finishes that users love, the 11-inch iPad Air is super portable, and the 13-inch model provides an even larger display for those who want more space to multitask. With game-changing iPadOS 26 capabilities, advanced cameras, all-day battery life, a powerful app ecosystem, and support for accessories like Apple Pencil Pro and Magic Keyboard, iPad Air delivers a remarkable and versatile experience for anyone who wants to do more on iPad, from students and creators, to business users and gamers.4