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Video game console prices are rising because of a strong demand for computer chips used in artificial intelligence (AI) systems. Companies like Sony and Microsoft are increasing prices as chip makers focus on supplying data centers, causing shortages and higher costs for consoles. This trend is expected to continue, with new consoles possibly costing $1,000 or more.
Key Facts
Sony raised the PS5 price by £90 in March, and Microsoft will increase Xbox Series S and X prices by at least £75 from August.
The original consoles were released in 2020, but prices are now going up instead of down.
High demand for AI-related chips has caused semiconductor and memory prices to nearly double twice since late 2022.
Three main companies (Samsung, SK Hynix, Micron) control most memory production, and building new factories will take until about 2028.
Increased costs have led to lower console sales, with Xbox recording its worst May ever and PS5 sales down 58% year-on-year in the U.S.
Analysts predict the next-generation PlayStation 6 could cost around $1,000.
Microsoft offers payment plans to help make consoles more affordable.
Cloud gaming could become more popular as high console prices push consumers toward streaming games instead of buying hardware.
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This article shares a clip from a 1990 CBS special hosted by Charles Kuralt about how Americans celebrate the Fourth of July. It highlights different traditions like parades, river tubing, axe throwing, and pig contests across the country.
Key Facts
The original broadcast was in 1990 on CBS during primetime.
Charles Kuralt, the "Sunday Morning" host, presented the show.
The program showed various ways people celebrate Independence Day.
Activities included parades, tubing down rivers, axe throwing, and greased pig contests.
The clip was rebroadcast on "Sunday Morning" on July 1, 2007.
The celebrations featured happen all over the United States.
The article links to watch the segment on the CBS News app or website.
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Episode 33 of "Love Island" Season 13 will be released on July 2, 2026. The episode will be available to watch on Hulu starting at midnight Pacific Time, and it features drama among the contestants, especially during a game of spin the bottle.
Key Facts
"Love Island" Season 13 Episode 33 airs on July 2, 2026.
The episode will be available to stream on Hulu at 12 a.m. PT / 3 a.m. ET.
Hulu requires a subscription starting at $11.99 per month to watch the show.
New episodes of "Love Island" Season 13 come out every day except Tuesdays.
Episodes last between 60 and 90 minutes.
Episode 33 takes place in Casa Amor, showing contestants forming new relationships.
The boys in Casa Amor spend less time thinking about the girls in the main villa.
The episode ends with a dramatic spin the bottle game that surprises many contestants.
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The article discusses whether President Donald Trump can use a "pocket veto" to stop a popular housing bill from becoming law. It explains that while President Trump may not focus on constitutional details, the veto power is important to the country’s Founders and remains relevant today.
Key Facts
A pocket veto is a way for the president to reject a bill without formally vetoing it.
It happens when the president does not sign a bill within 10 days while Congress is not in session.
If the pocket veto is used, the bill does not become law.
The housing bill mentioned in the article is popular among lawmakers or the public.
The article points out that President Trump might not be concerned with formal legal rules.
The veto power was established by the country’s Founders to balance government powers.
Understanding the veto can help citizens see how laws are approved or blocked.
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In Colorado’s Democratic primary elections, progressive candidates defeated several established lawmakers, including incumbent Dianna DeGette, who lost to labor activist Melat Kiros. These results show a shift toward more left-leaning candidates within the party ahead of the November midterm elections.
Key Facts
Melat Kiros, a 29-year-old labor rights activist and lawyer, won against 30-year incumbent Dianna DeGette in Colorado’s 1st Congressional District.
Kiros is a member of the Democratic Socialists of America and has expressed strong criticism of Israel’s actions in Gaza.
Kiros raised less money than DeGette but won by more than double the number of votes.
State Representative Manny Rutinel, a progressive, won the Democratic primary in Colorado’s 8th Congressional District, defeating Shannon Bird.
Rutinel will challenge Republican incumbent Gabe Evans in November in a key race that may influence control of the U.S. House of Representatives.
Democratic Senator John Hickenlooper easily won his primary despite a challenge from a progressive candidate.
Phil Weiser won the Democratic nomination for Colorado governor and is favored to win the general election.
The primary outcomes reflect internal Democratic debates about how progressive the party should be ahead of the midterm elections.
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Spain reported 1,028 more deaths than usual during a heatwave in June 2026, which was more than twice the heat-related deaths recorded in June 2025. This heatwave was part of the hottest first half of the year ever recorded in Spain and was linked by scientists to climate change.
Key Facts
Spain had 1,028 excess deaths due to a heatwave in June 2026.
This number is over twice the 407 heat-related deaths in June 2025.
The first six months of 2026 were the hottest ever recorded in Spain.
Average temperatures in Spain were 1.6°C above normal for this period.
June 2026 was the second hottest June on record in Spain, with temperatures 3.2°C above normal.
The heatwave affected many European countries, breaking temperature records in Germany, Poland, Czech Republic, Slovakia, Hungary, the UK, Switzerland, and France.
Scientists said this heatwave would have been nearly impossible without climate change.
The World Health Organization reported over 1,300 extra deaths from the heatwave in Europe overall.
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Search-and-rescue teams in Venezuela are working through rubble after two earthquakes hit the area. While the number of deaths is increasing, rescuers have saved a toddler from the debris, giving hope to those affected.
Key Facts
Two earthquakes struck a region in Venezuela, causing serious damage.
Rescue workers are searching through the rubble to find survivors.
A toddler was pulled alive from the wreckage.
The death toll from the earthquakes is rising.
Emergency management expert Carlos Castillo spoke about the rescue efforts on CBS News.
The situation remains serious, but there are moments of hope for people trapped or missing.
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New supersonic planes being developed could cut flying times significantly on domestic U.S. and international routes. President Donald Trump has pushed to update old rules that ban supersonic flights over land by focusing on noise limits instead of speed, which may allow these faster jets to operate more widely.
Key Facts
NASA’s experimental X-59 aircraft aims to fly at about Mach 1.4, roughly 1.6 to 1.8 times faster than current passenger planes.
Flights like New York to Los Angeles could shrink from 5.5 hours to just over 3 hours.
Transatlantic flights, for example New York to London, could drop from about 7 hours to 4 hours.
The longest routes, such as Los Angeles to Sydney, may be cut by as much as 6 hours.
Since 1973, U.S. rules have banned civilian planes flying faster than sound over land due to sonic boom noise.
President Trump issued a June 2025 executive order encouraging regulators to replace the ban with noise-based limits.
The FAA began proposing changes in mid-2026 to update these regulations because of advances in technology.
The Concorde was the only successful supersonic passenger jet in the past, but it stopped service due to noise, cost, and safety issues.
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A report by UBS shows that typical Americans have lost wealth between 2020 and 2025, while the richest Americans have grown richer. The median wealth, which represents the middle person’s assets, has dropped after adjusting for inflation, even though average wealth has risen.
Key Facts
Median wealth per adult in the U.S. fell significantly from 2020 to 2025 after adjusting for inflation.
Average wealth per adult increased, driven by gains among the wealthiest Americans.
The U.S. has the second-highest average wealth per adult at $696,277 but a much lower median wealth of $68,998.
Americans created over 441,000 new millionaires in 2025, about 1,200 each day, nearly half of all new millionaires worldwide.
The U.S. holds 35.7% of global personal wealth among the markets studied by UBS.
Wealth inequality in the U.S. is high, with a wealth Gini coefficient of 0.77, ranking sixth among 56 markets.
The U.S. ranks 2nd in average wealth but only 28th in median wealth, showing wealth gains are concentrated in the top households.
Wealth affects economic mobility since it helps with buying homes, education, and starting businesses; declining median wealth suggests fewer resources for many families.
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Henrico County in Virginia is asking government and school staff to save electricity because their power costs will rise by nearly 25% starting July 1. The county has many data centers, which use a lot of power, contributing to higher electricity bills that could cost an extra $5 million next year.
Key Facts
Henrico County’s electricity rates for government and schools will increase by about 25% starting July 1.
The county has 37 data centers, with plans for 17 more, mostly in the eastern corridor.
Data centers use large amounts of electricity, impacting overall power costs.
County Manager John Vithoulkas sent an email asking employees to conserve energy by turning off lights, shutting down computers, and not using space heaters.
Henrico is part of a group of about 170 Virginia government entities that buy power together and are seeing similar rate increases.
Virginia has the highest number of large data centers worldwide and uses a lot of water and power for these centers.
Reports predict that increasing data center power needs could raise residents’ electricity bills significantly by 2030 and 2040.
Loudoun County nearby calls itself the “Data Center Capital of the World” and is also working on employee energy-saving programs.
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The UK government has announced an increase of £15 billion in military spending over the next four years. However, there is a yearly shortfall of about £1.2 billion that still needs to be found to fully fund this rise, which may become a challenge for Andy Burnham if he becomes prime minister.
Key Facts
The Defence Investment Plan (DIP) adds £15 billion to UK military spending over four years.
Annual defence spending is expected to increase by around £3.75 billion compared to previous plans.
There is an estimated yearly funding gap of about £1.2 billion to meet the planned defence spending increase.
The total cumulative shortfall over four years is about £4.7 billion, but experts prefer to discuss the gap in annual terms.
The £1.2 billion gap is a small part (0.17%) of the projected total government spending for 2026/27 (£678 billion).
The gap is about 5% of the £24 billion “headroom” the Chancellor has to balance day-to-day spending with tax revenues by the end of this Parliament.
Funding this gap in the upcoming Budget may require spending cuts, tax increases, or more borrowing.
Similar funding gaps have appeared before when governments announce new spending plans without immediately naming sources of funding.
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Belarusian President Alexander Lukashenko pardoned 28 political prisoners as part of efforts to improve relations with Western countries. Despite this, many political prisoners remain, and human rights groups say overall conditions in Belarus have not improved.
Key Facts
President Lukashenko announced the pardon on Belarus’ Independence Day.
The pardoned prisoners were convicted of "extremist crimes" under Belarusian law.
Lukashenko has ruled Belarus for over 30 years and maintains strict control.
Belarus has faced sanctions from Western countries due to human rights abuses and support for Russia’s war in Ukraine.
After contested elections in 2020, mass protests occurred, followed by a government crackdown and many arrests.
Since President Donald Trump’s return to office, the U.S. has helped broker deals leading to the release of hundreds of political prisoners and some easing of sanctions.
Despite releases, there are still about 864 political prisoners in Belarus, including journalists.
The U.N. and Belarusian opposition leaders say political repression continues and call for all prisoners to be freed.
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President Donald Trump used a newly retrofitted Boeing 747, previously owned by Qatar, as the official Air Force One for his trip to North Dakota. The $400 million plane features a new design and luxury interiors and will be temporarily used until new planes from Boeing arrive in 2028.
Key Facts
The new Air Force One is a refurbished Boeing 747, formerly owned by Qatar.
The plane costs $400 million and includes luxury features like plush carpets, lie-flat seats, and wood paneling.
The plane's exterior is painted navy with red and gold stripes, reflecting President Trump’s preferred colors.
President Trump flew to North Dakota on the plane to visit the Theodore Roosevelt Presidential Library.
The gift from Qatar raised some ethical concerns but was accepted as a replacement for the old planes.
The current Air Force One will only be used temporarily until Boeing delivers new planes in 2028.
The Air Force said it made less than $400 million in security upgrades and kept the cabin layout mostly unchanged.
President Trump mentioned the jet may later be displayed in a presidential library.
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Canada will join the Eurovision Song Contest for the first time in 2027. The announcement came after Canada joined the European Broadcasting Union, the group that organizes Eurovision, and the contest will take place in Bulgaria next year.
Key Facts
Canada will compete in the Eurovision Song Contest in May 2027 in Bulgaria.
Canada is the first new country to join Eurovision since Australia in 2015.
Canada recently became a member of the European Broadcasting Union (EBU), which manages Eurovision.
The Eurovision Song Contest started in 1956 and mostly features European countries competing with pop songs.
Canadian broadcaster CBC will decide how to select Canada’s entry for the contest.
The 2026 contest had 35 countries and was won by Bulgaria’s Dara.
Some countries boycotted the 2026 contest due to political reasons involving Israel.
Eurovision’s audience was about 130 million in 2026, down from 160 million in 2025.
Eurovision is planning an Asian version of the contest to be held in Bangkok in November 2026.
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France has started a program that pays people to repair their clothes to reduce waste. Since 2023, over one million clothing repairs have received a discount of up to €25 each.
Key Facts
France throws away about 700,000 tonnes of clothing every year.
The French government offers a Repair Bonus that gives up to €25 off per repaired clothing item.
The program began in 2023 to help extend the life of clothes and reduce waste.
Over one million clothing repairs have been subsidized under this scheme so far.
The scheme encourages people to fix clothes instead of throwing them away.
This effort is part of France’s broader goal to fight fast fashion and its environmental impact.
French lawmakers recently passed laws targeting fast fashion companies like Shein.
Some French stores have ended partnerships with fast fashion brands after public criticism.
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England experienced its warmest June ever, with a record-breaking heatwave causing very high day and night temperatures. Many parts of Europe, including France and Spain, also set new June heat records, leading to thousands of extra deaths linked to the extreme heat.
Key Facts
England’s average temperature in June was 17.1°C, nearly 3°C above normal.
The UK’s highest June temperature on record, 37.7°C, was reached in Norfolk on June 26, 2026.
A rare red extreme heat warning was issued in parts of England and Wales for three days.
Wales recorded its hottest June day ever at 35.9°C in Cardiff on June 25.
Northern Ireland tied its June heat record with 30.8°C.
Several European countries, including France, Spain, Hungary, Austria, the Netherlands, Switzerland, and Denmark, broke heat records in June.
France reported about 1,000 extra deaths during the heatwave, mostly among people over 65, and Spain had 1,029 excess deaths due to heat.
Heatwaves are becoming more frequent and severe because of climate change. Half of Spain’s June heatwaves since 1975 have happened in the last 10 years.
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The Save student loan repayment plan has ended, affecting over 7 million American borrowers. Those on the Save plan have 90 days to choose a new repayment plan as the U.S. student loan system undergoes major changes following a 2026 court ruling and new federal laws.
Key Facts
The Save plan started in 2023 and aimed to reduce undergraduate loan payments by half.
A 2026 federal court ruling declared the Save plan unconstitutional.
Borrowers on Save must pick a new repayment plan within 90 days.
Older loans (before July 1, 2026) can use existing income-based plans like IBR, Paye, and ICR, though some will end by 2028.
New borrowers after July 1, 2026, will have two new options: the Repayment Assistance Plan (RAP) or a tiered standard repayment plan.
RAP bases payments on adjusted gross income, with monthly payments between 1% and 10% of income if over $10,000, or $10 if under, and loan forgiveness after 30 years.
Some experts and borrowers worry about payment affordability and administrative issues during this transition.
The changes may lead some students to reconsider their future plans due to higher debt costs.
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President Donald Trump flew to North Dakota on the new Air Force One jet that Qatar gifted to the United States. This was the first time the new plane carried a sitting president. He plans to visit the Theodore Roosevelt Presidential Library before it opens to the public on July 4.
Key Facts
President Trump traveled to North Dakota on Wednesday.
The plane used was a new Air Force One jet gifted by Qatar.
This flight was the first official trip of the new Air Force One with a sitting U.S. president onboard.
The president’s destination was the Theodore Roosevelt Presidential Library in Medora, North Dakota.
The library is set to open to the public on July 4.
President Trump is expected to tour the library during his visit.
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Many people struggle to keep up with monthly debt payments due to rising costs and inflation. Some debts, like credit card and medical bills, can often be negotiated to lower the total amount owed, especially if the debt is in collections.
Key Facts
About 34% of people say they cannot pay the full amount on all their debts each month.
Around 44% would consider using a company to negotiate their debts.
Debt settlement means agreeing to pay less than the full amount owed.
Credit card debt is easier to negotiate because it is usually unsecured, meaning no specific property backs the loan.
Medical providers often can reduce bills because they prefer some payment over none.
Debts sent to collection agencies are often more negotiable because these agencies buy debts cheaply or earn commissions.
Negotiating debts after they go to collections can hurt credit scores, so it’s better to explore options early.
Some medical debt may be reduced through assistance programs before negotiating a settlement.
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John and Keisha Lakoduk spoke on Good Morning America about their efforts to set a world record related to their wedding. They aim to make their marriage recognized in a notable way.
Key Facts
The couple’s names are John and Keisha Lakoduk.
They appeared on the show Good Morning America (GMA).
They are attempting to set a world record connected to their wedding.
Their goal is to make their marriage official as a world record.
The news was shared on July 1, 2026.
This story was part of a segment including many other news updates.
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