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• Shake Shack doesn't currently plan to increase prices again this year, CFO Katie Fogertey said.
• Overall, menu prices went up in the mid-single digits in the quarter, she said.
• Californian prices rose by 7%, driven by the state's new $20-an-hour wage for fast-food workers.

Shake Shack says it

• Janet Yellen told Congress that buying a starter home has become "prohibitively expensive."
• Soaring prices and mortgage rates have made it "almost impossible" for first-time buyers, she said.
• The Treasury chief flagged two proposed tax credits that could boost buying power and raise supply.

Owning a home is a key element of the American dream, yet it

• The US unemployment rate remained low in April, but it ticked up.
• Nonfarm payrolls increased by 175,000 in April, per a news release on Friday.
• Data out Wednesday showed quits dropped in March, but over 3 million people quit.

In the US, the unemployment rate increased from March to April. Plus, job growth in April slowed down a lot

Epic Games won its antitrust lawsuit against Google in December when a federal jury found that the latter violated US antitrust laws with regards to how it runs the Play Store. A few months later, the gaming developer submitted its list of demands, which if implemented will blow the Play Store wide open. Now, Google has filed an injunction telling the court that no, it will not give Epic what it

• Tim Cook has said major AI announcements are coming.
• Analysts are hoping Apple's AI strategy can boost slumping iPhone sales.
• Wedbush's Dan Ives said Apple's AI efforts are set to drive a "supercycle" starting with the iPhone 16.

Tim Cook is still keeping his cards close to his chest when it comes to AI.

Analysts pushed the Apple CEO to talk about its

• Forbes has determined who the wealthiest resident in every US state is.  
• Despite all the big stars that flock to Hawaii, the elusive founder of eBay, Pierre Omidyar takes the state's crown.
• Omidyar has given away $1.5 billion of his fortune since 2014.

America's elite have long turned to Hawaii as the ideal tropical paradise for their

If you know someone who is graduating this year, whether from high school or university, chances are good the gear that’s gotten them through the last four (or more) years is ready for a refresh. The good news is that graduation time is typically a big one for gift-giving, so if you know someone who is about to hit college or the dreaded “real world,” you can make sure they’re prepared by perusing

Boom's supersonic XB-1 test jet has received Federal Aviation Administration (FAA) approval to fly past Mach 1, the company announced. Tests are slated to take place later this year at the Black Mountain Supersonic Corridor in Mojave, CA, and the results could help prove the feasibility of the design in areas like fuel consumption, speeds and flight characteristics.

"Following XB-1’s successful

The Lenovo Legion Pro 7i 16 comes close to having practically everything you could want or need in a gaming laptop, almost to the point of excess. There may not be many folks out there who demand numpad controls on a mobile device. Why? Because why not? The only thing it’s missing is an SD card slot. Knowing just how…

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Peloton had a great pandemic. It’s a weird thing to say, but the company’s premium exercise equipment (expanding from bikes to treadmills and even weight-training tech) were the hot workout-from-home products. That boom made some people (not normal, sensible people) suggest we were never going back to bricks-and-mortar gyms once the world reopened.

But… we went back. Now, Peloton’s latest

• French President Emmanuel Macron discussed the Ukraine war with The Economist. 
• He said France could send troops if requested by Ukraine in response to a Russian breakthrough.
• His remarks about French soldiers defending Ukraine are among the most hawkish by a Western leader.

Frenc

• Ukrainian forces took out more than 100 Russian soldiers with an ATACMS missile, per OSINT analysts.
• Four ATACMS were used to target the group, one analyst said.
• The soldiers would have been out of reach of Ukraine's shorter-range ATACMS