King Charles III and Queen Camilla will remain at Clarence House after Buckingham Palace’s £369 million renovation, while the palace stays the monarchy’s operational and ceremonial hub. Royal accounts also showed Charles paid £12.9 million in taxes in 2024-25.
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Apple raised prices on several MacBook, iPad and other devices, blaming surging memory and storage costs linked to AI data center demand. Microsoft’s Xbox division also announced console price increases as chip costs climb.
The Fed’s preferred inflation measure rose at a 4.1% annual pace in May, the fastest since April 2023, as energy prices climbed. Consumer spending and incomes still increased after adjusting for inflation.
Oil tankers used a U.N.-recommended route near Oman to leave the Persian Gulf despite Iran’s warning that unauthorized crossings of the Strait of Hormuz are prohibited. The crossings come amid U.S.-Iran disputes over control, fees and traffic rules under a temporary reopening agreement.
Brent crude has fallen to levels last seen before the Iran war as shipping through the Strait of Hormuz gradually resumes. The rebound in traffic follows a U.S.-Iran memorandum setting up 60 days of negotiations, though disputes over fees and vessel authorization remain.
Chemours will pay and spend at least $450 million to resolve federal and state claims that its plants illegally discharged PFAS chemicals for more than a decade. The settlement is the first federal enforcement deal with a PFAS manufacturer, though North Carolina’s attorney general criticized it as inadequate.
Congress approved the 21st Century ROAD to Housing Act with large bipartisan majorities, sending it to President Trump for a Capitol signing. The bill aims to increase housing supply, streamline reviews, expand financing and limit some institutional purchases of single-family homes.
Camp Mystic has filed for Chapter 11 bankruptcy after a July 2025 flood killed 25 campers, two teenage counselors and director Dick Eastland. The filing follows investigations, lawsuits and criticism over the camp’s emergency planning and evacuation response.