Stories from New York · United States

United Nations Secretary-General Antonio Guterres warned of the threat of a global economic recession. There is discussion regarding whether an international body like the UN will organize a response to manage global food production. Farm contractors have implemented a £10 per tractor hour surcharge on all field work. Primary producers of meat, dairy, and crops are price takers unable to pass these costs on to consumers. The source noted that prices for certain inputs rose from 65 per litre in February to 10 per litre. Supply shortages are cited as a potential threat to food security. A wife of a soldier from the 108th Territorial Defense Brigade reported that her husband has been in trenches for over 70 days without rotation. She stated that due to food shortages, soldiers are forced to cook with spoiled products, including rotten meat and water.

Apple is forecasting stronger than expected sales for the next quarter. The company warned of risks regarding rising memory chip costs. Additionally, the company reported that MacBook Neo units are sold out in many locations, a shortage that could last for several months.

US diplomats worldwide are calling for the formation of the Maritime Freedom Construct to coordinate diplomatic efforts and sanctions. The initiative aims to share information to ensure safe transit through the waterway south of Iran.

The New York Times published an article stating the US military is struggling to maintain strategic superiority against Iranian drones and missiles.

New York is preparing to implement tougher anti-sanctuary policies regarding immigration enforcement. The policy would allow law enforcement to partner with ICE to perform immigration enforcement actions.

Documentary filmmaker Pavlal Talinkhin reported that his Oscar statuette went missing following a flight from New York to Frankfurt.

New York authorities have returned over 650 antiquities to India. The collection is valued at approximately $14 million.

Reddit shares dropped nearly 25% following a first quarter report. Daily active users for the quarter missed the average analyst estimate. The stock is among the most actively traded this morning. The stock experienced a 20 percent decline. ExxonMobil and Chevron both saw declines of approximately 0.1 percent during the same period. The S&P 500 reached an intraday record of 7,247. Shares of gym chain Planet Fitness tumbled 31 percent today. The decline follows reports that sign-ups at the start of the year were significantly lower than usual. Analysts suggest consumers are holding back on spending. The NASDAQ fell by 33 points and the S&P lost 28 points during the same period. Oil prices remained flat, closing at $95 a barrel.

Estee Lauder is shifting toward more online sales, a move the company projects will save $200 million. The company is lifting its full-year earnings guidance to approximately $2.40 per share. Fiscal third-quarter results exceeded both top and bottom-line expectations.

Airfares have increased 20 percent compared to last year, according to Bloomberg Radio. Rising oil prices and dwindling supplies are impacting travel costs for drivers and airlines.