New and improved: The wait is finally over. Apple will unveil today its newest set of iPhones, Apple Watch and Apple TV. In a special event scheduled to take place at noon, Apple CEO Tim Cook will unveil the tech company’s three newest phones—the iPhone 8, an iPhone 8 Plus and the iPhone X, a special 10 year anniversary edition. The event has generated great hoopla as industry insiders wait to see if Apple can still be as innovative as it was when the company first unveiled the iPhone 10 years ago. Live video will begin at noon on apple.com.
Upended: Soon after Hurricane Harvey reached Texas, several huge steel tanks owned by one oil company sprung free from their piping and toppled over, FuelFix.com reports. The tanks tore free of flowlines and spewed hundreds of barrels of oil and waste water some 100 miles west of Houston. EnerVest Operating told state regulators its storage tanks spilled 1,117 barrels, or almost 47,000 gallons, of crude and so-called produced water at eight separate well sites in Fayette County. Some of the crude flowed through the flood waters into the Colorado River. Read more from FuelFix.com.
In the bank:The U.S. median household income rose to a record in 2016 and the poverty rate fell, as steady economic growth helped improve the lot of more Americans, Bloomberg reports. The data from the U.S. Census Bureau shows that median, inflation-adjusted household income increased 3.2% to $59,039 last year, from $57,230 in 2015. Poverty rate declined to 12.7% from 13.5%; represented 40.6 million Americans. The results show improving incomes helped to make a further dent in poverty in 2016, which was former President Barack Obama’s final year in office. Read more from Bloomberg.
