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The Actual News

Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Potato Chips Recall in 6 States—‘Life-Threatening’ Warning Issued

Potato Chips Recall in 6 States—‘Life-Threatening’ Warning Issued

Summary

Frito-Lay has recalled certain Miss Vickie’s “Spicy Dill Pickle” potato chips in six U.S. states due to an undeclared milk allergen. The affected chips may cause severe allergic reactions in people with milk allergies. Consumers are advised to check for specific details on the packaging to see if their chips are part of the recall.

Key Facts

  • The recall involves 8-ounce bags of Miss Vickie’s “Spicy Dill Pickle” potato chips.
  • The chips may contain jalapeño-flavored chips with undeclared milk.
  • Milk is a major allergen that must be declared on food labels in the U.S.
  • The affected states are Arkansas, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
  • No allergic reactions have been reported so far.
  • Affected bags have the UPC 0 28400 76177 2 and a "Guaranteed Fresh" date of April 21, 2026.
  • Consumers should discard the affected chips if they have milk allergies.
  • Frito-Lay identified the problem through a consumer report.

Source Verification

Investors Are Avoiding Florida's Housing Market

Investors Are Avoiding Florida's Housing Market

Summary

Investors are pulling back from Florida's housing market due to decreasing demand and higher costs, according to a Redfin study. The market, which was booming during the pandemic, now sees reduced interest from both big companies and individual investors. Meanwhile, some places like West Palm Beach continue to see increased investor activity.

Key Facts

  • Investor activity in Florida's housing market has dropped, with Orlando seeing a 16% decline in investor purchases.
  • Nationwide, there is a surplus of 600,000 more home sellers than buyers, yet home prices have not dropped significantly.
  • Higher mortgage rates and costs are key reasons for the reduced investor interest in Florida.
  • Some costs in Florida, like home insurance and HOA fees, have risen, making profits harder for investors.
  • Conversely, West Palm Beach saw a 17% increase in investor interest in luxury properties.
  • In cities outside Florida, like Seattle and Portland, investor home purchases have gone up significantly.
  • The pandemic had previously driven a housing boom in Florida due to remote work and low borrowing costs.
  • Overall, the U.S. housing market's investor activity is stable, but some areas have unique trends.

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Gas price cut for some Firmus Energy customers

Gas price cut for some Firmus Energy customers

Summary

Firmus Energy will lower its gas prices by just over 10% for customers in a region called Ten Towns in Northern Ireland. This price drop is expected to save a typical customer about £92 a year and follows a review by the Northern Ireland Utility Regulator.

Key Facts

  • Firmus Energy's gas price in the Ten Towns area will decrease by just over 10% in April.
  • The price cut translates to an annual saving of roughly £92 for a typical customer.
  • The Ten Towns area includes locations like Antrim, Armagh, and Londonderry.
  • The Northern Ireland Utility Regulator controls gas prices for major suppliers.
  • Wholesale gas prices were initially high due to Russia's invasion of Ukraine but later reduced before rising again due to a US-Iran conflict.
  • Firmus has previously reduced its gas tariffs by 7.86% in October and 11.84% in April 2025.
  • The price cut is part of Firmus's efforts, which have collectively decreased tariffs by 27% since last April.

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South East Water faces £22m fine for supply failures

South East Water faces £22m fine for supply failures

Summary

South East Water, a UK water company, is facing a £22 million fine from the regulator Ofwat. The fine is due to supply disruptions in Kent and Sussex, affecting thousands of homes during 2020 and 2023. These disruptions left customers without water during high demand or extreme weather conditions.

Key Facts

  • South East Water is a UK water supply company.
  • The industry regulator, Ofwat, decided on the £22 million fine.
  • The fine is for multiple disruptions in water supply.
  • Affected areas include Kent and Sussex.
  • Disruptions left homes without tap water, affecting basic needs like showering and flushing toilets.
  • About 16,000 homes were affected in December and 30,000 in January.
  • The issues occurred during periods of high demand and extreme weather.
  • The fine only covers problems from 2020 to 2023, not recent incidents.

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I invested in Brewdog in my husband's memory. He would be turning in his grave

I invested in Brewdog in my husband's memory. He would be turning in his grave

Summary

Steven Howe-Bull invested in Brewdog's "Equity for Punks" scheme as a tribute to his late husband. Brewdog recently went into administration, leading to job losses and the closure of 38 bars. Investors in the scheme, like Steven, were informed through the media that they would not receive any returns on their investments.

Key Facts

  • Steven Howe-Bull invested £1,000 in Brewdog's "Equity for Punks" scheme to honor his husband.
  • Brewdog faced financial difficulties and went into administration.
  • A U.S. firm, Tilray, purchased parts of Brewdog for £33 million.
  • Brewdog closed 38 bars, leading to 484 employees losing their jobs.
  • Investors in "Equity for Punks" were told through the media that they would not get returns.
  • The scheme had raised £75 million before it closed to new investors in 2021.
  • Brewdog promised investors perks like discounts and free birthday beer.
  • Many investors found out about the company's troubles from media reports, not directly from Brewdog.

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Trade court orders Trump administration to kickstart tariff refund process

Trade court orders Trump administration to kickstart tariff refund process

Summary

A trade court instructed the Trump administration to begin refunding tariffs to U.S. businesses. This move follows a Supreme Court decision that nullified many tariffs put in place by President Trump. U.S. Customs and Border Protection must start the process, although the administration plans to appeal the decision.

Key Facts

  • A trade court ordered the Trump administration to refund tariffs to U.S. businesses.
  • This follows a Supreme Court ruling against tariffs imposed by President Trump.
  • The Court of International Trade Judge Richard Eaton stated that importers should claim refunds for unlawfully applied duties.
  • U.S. Customs and Border Protection must remove certain tariffs deemed illegal for pending imports.
  • The administration intends to appeal the court's order.
  • Businesses like FedEx and Dyson have already sued for tariff refunds.
  • A federal appeals court rejected a request to delay these refunds.
  • Customs will issue refunds with interest but needs time to ensure no other laws are violated.

Source Verification

Southwest Airlines Updates Policies After Complaints—Here’s What Changing

Southwest Airlines Updates Policies After Complaints—Here’s What Changing

Summary

Southwest Airlines is changing its seating and boarding system after receiving complaints from travelers. The airline is making adjustments like introducing signage for overhead bins and revising boarding groups to make the process easier. These changes come as the airline moves away from its older open-seating model.

Key Facts

  • Southwest Airlines moved from its first-come, first-served boarding model to assigned seating.
  • Passengers complained about the lack of overhead bin space with the new system.
  • Southwest plans to add signs on planes to reserve overhead bins for extra-legroom passengers.
  • The airline will adjust boarding groups to improve passenger flow.
  • Southwest now uses an eight-group boarding structure.
  • By the end of the year, about 70% of Southwest's planes will have larger overhead bins.
  • These changes aim to ease the transition for travelers and reward customer loyalty.

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China sets lowest economic growth target since 1991

China sets lowest economic growth target since 1991

Summary

China has lowered its annual economic growth target to 4.5%-5%, marking the lowest growth goal since 1991. This decision sets the stage for changes aimed at addressing domestic and international economic challenges, such as weak consumer spending and ongoing trade tensions. The announcement was part of China's "two sessions," its major political meeting, where plans for economic development were discussed.

Key Facts

  • China set an economic growth target of 4.5%-5% for the year, the lowest since 1991.
  • The target was announced during the "two sessions," a major political event in China.
  • China's Five Year Plan focuses on investments in innovation, high-tech industries, and boosting consumer spending.
  • Weak domestic consumption and a property crisis are major challenges for China's economy.
  • Over two-thirds of Chinese provinces have scaled back their growth ambitions.
  • China's real estate crisis is affecting economic growth and consumer confidence.
  • China had a trade surplus of $1.19 trillion last year, the largest ever recorded.
  • U.S. tariffs have created additional pressure on China's export-based economy.

Source Verification

Scoop: Trump officials broker massive U.S.-Venezuela gold deal

Scoop: Trump officials broker massive U.S.-Venezuela gold deal

Summary

Venezuela agreed to sell up to 1,000 kilograms of gold to the U.S. through its state-owned mining company, Minerven. The gold will be refined in the U.S., with the assistance of a commodities trader, Trafigura. This contract is part of broader deals under President Trump's guidance, involving U.S. control over Venezuela's resources, including oil.

Key Facts

  • Venezuela's state-owned company Minerven signed a deal to sell up to 1,000 kilograms of gold to the U.S.
  • The gold will be processed in the U.S. by the commodities trader Trafigura.
  • U.S. Interior Secretary Doug Burgum helped facilitate the gold deal.
  • This is the third extraction contract involving Venezuela's resources under the Trump administration.
  • A kilogram of pure gold currently costs about $166,000.
  • Venezuela's acting president, Delcy Rodriguez, plans to reform mining laws after meeting with Burgum.
  • The U.S. ousted Nicolas Maduro in January, leading to control over Venezuela's resources.
  • Some U.S. politicians criticize this control, calling it imperialism and corruption.

Source Verification

10 Surprising Things Not Covered by Medicare and Ways You Can Pay for Them

10 Surprising Things Not Covered by Medicare and Ways You Can Pay for Them

Summary

Medicare provides health insurance to many Americans aged 65 and older and certain younger individuals with disabilities. However, it does not cover all medical costs, including dental care, weight-loss medications, long-term care, and most vision-related expenses. People need to find other ways to pay for these services.

Key Facts

  • Medicare is a government health insurance program for people 65 and older, as well as some younger individuals with specific disabilities or conditions.
  • Medicare does not cover services that are not medically necessary, such as cosmetic surgery.
  • The program does not provide for long-term care or most dental services.
  • Original Medicare does not cover major dental procedures like dentures and root canals.
  • Weight-loss medications are not covered by Medicare unless they treat a specific health condition.
  • Medicare does not cover most vision care, including eyeglasses and routine eye exams.
  • People can look into other options like dental savings plans, health savings accounts (HSAs), or long-term care insurance to help cover costs not included by Medicare.

Source Verification

Trade court orders tariff refunds in setback for Trump administration

Trade court orders tariff refunds in setback for Trump administration

Summary

A federal trade court has ordered Customs and Border Protection to refund tariffs that were struck down by the Supreme Court. This affects tariffs President Trump introduced last year under a specific economic powers act. The refund process is not yet clear, and the court's decision is a challenge for the Trump administration.

Key Facts

  • A federal judge has ordered refunds for tariffs that were declared invalid by the Supreme Court.
  • The tariffs were introduced by President Donald Trump under the International Emergency Economic Powers Act.
  • The decision specifically stemmed from a case by Atmus Filtration, a company in Tennessee.
  • Companies like FedEx are seeking refunds on tariffs they previously paid.
  • The ruling is seen as a setback for the Trump administration.
  • The US Treasury may enforce a new global tariff rate of 15%.
  • The Trump administration earned approximately $130 billion from the tariffs.
  • Questions remain about future US import tax policies.

Source Verification

Chef Charlie Mitchell on How Authenticity Brought Him Michelin Star Success

Chef Charlie Mitchell on How Authenticity Brought Him Michelin Star Success

Summary

Chef Charlie Mitchell is a notable figure in New York City's culinary scene. He is the first Black chef in the city to earn a Michelin star and has gained recognition for his innovative approach to cooking. Mitchell, influenced by his upbringing and the late chef Jamal James Kent, emphasizes authenticity and emotional connection in his dishes.

Key Facts

  • Charlie Mitchell became the first Black chef in New York City to receive a Michelin star.
  • He currently works as the executive chef at Saga in New York City's Financial District.
  • Mitchell received the 2022 Michelin Guide New York Young Chef Award.
  • He also won the 2024 James Beard Award for Best Chef: New York State.
  • His cooking emphasizes nostalgia and emotional honesty, inspired by childhood memories.
  • Mitchell's cuisine includes dishes inspired by soul food and family traditions.
  • He follows the leadership values of his mentor, the late Jamal James Kent, focusing on respect and positivity.

Source Verification

Trump Admin Will Pay Interest on Tariff Refunds After Supreme Court Ruling

Trump Admin Will Pay Interest on Tariff Refunds After Supreme Court Ruling

Summary

President Trump's administration will pay interest on tariff refunds after a Supreme Court ruling. The court found that President Trump unlawfully used a law to impose certain tariffs. The details of how the refund process will work are not yet clear.

Key Facts

  • The Supreme Court ruled that President Trump unlawfully imposed certain tariffs.
  • The ruling was decided by a 6–3 vote.
  • The administration acknowledged it will pay interest on the tariff refunds.
  • The exact process for refunding the tariffs has not been established.
  • Billions of dollars were collected from importers through these tariffs.
  • The administration has not confirmed it will return all collected funds.

Source Verification

List of Restaurants Closing in March

List of Restaurants Closing in March

Summary

Several popular restaurant chains, including Wendy's, Pizza Hut, and Papa Johns, are closing some of their locations in March. These closures are a response to financial pressures such as rising costs and changing consumer habits. The closures will focus on underperforming sites and old locations that no longer fit current business strategies.

Key Facts

  • Wendy's plans to close 300 to 358 U.S. locations by mid-2026, focusing on older sites as part of its "Project Fresh" strategy.
  • Pizza Hut will close about 250 U.S. restaurants by mid-2026, moving away from large dine-in spots to smaller delivery and carry-out units.
  • Papa Johns plans to shut approximately 200 restaurants by 2026, with some closures in March.
  • March is a common time for closures due to lease expirations and post-holiday financial evaluations.
  • Rising food prices and labor costs have increased financial pressure on restaurants.
  • "Food-away-from-home" prices went up about 4% over the last year, and operating costs for restaurants rose about 35% over five years.
  • Many restaurants expanded during the pandemic but are now reducing their size due to economic slowdowns.
  • Some experts predict more consolidation in the fast-food industry to manage costs better.

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The Hulk Hogan Sex Tape That Led A.J. Daulerio to Sobriety

The Hulk Hogan Sex Tape That Led A.J. Daulerio to Sobriety

Summary

A.J. Daulerio, a former editor at Gawker, published a sex tape of Hulk Hogan in 2012, leading to a lawsuit that resulted in Gawker's bankruptcy. This legal battle and its aftermath prompted Daulerio to confront his substance abuse and achieve sobriety, eventually inspiring him to create a podcast about addiction and recovery.

Key Facts

  • In 2012, A.J. Daulerio published a sex tape of wrestler Hulk Hogan on Gawker.
  • Hulk Hogan sued Gawker for $140 million, which led to the company's bankruptcy.
  • The trial was funded behind the scenes by Peter Thiel, a tech billionaire.
  • Daulerio was between 90 and 100 days sober during the courtroom proceedings.
  • After the trial, Daulerio struggled to find work in media due to his tarnished reputation.
  • Inspired by his experience, Daulerio started "The Small Bow," a podcast about addiction and recovery.
  • The podcast aims to provide support and talk to people facing similar challenges.

Source Verification

The labor market is finally stabilizing, data shows

The labor market is finally stabilizing, data shows

Summary

New data shows that the labor market is becoming more stable after a tough year. Most of the new jobs are in education and health services. Wages are growing more quickly for higher-income workers than for those with lower or middle incomes.

Key Facts

  • The private sector added 63,000 jobs in February.
  • Education and health services added 58,000 of those jobs.
  • Construction added 19,000 jobs in February.
  • Wage growth was 4.2% for higher-income workers in February.
  • Wage growth was lower for middle- and lower-income workers, at 1.2% and 0.6%, respectively.
  • The pay difference between people switching jobs and those staying was at a record low.
  • Small companies with 19 or fewer workers added 58,000 jobs.
  • Job gains pay rates are not keeping up with current inflation rates.

Source Verification

McDonald’s CEO Being ‘Burgermogged’ by Burger King Boss Sparks Viral Frenzy

McDonald’s CEO Being ‘Burgermogged’ by Burger King Boss Sparks Viral Frenzy

Summary

A video comparing the McDonald’s CEO, Chris Kempczinski, taking a small bite of a new burger with Burger King President Tom Curtis enthusiastically eating a Whopper has gone viral. The Burger King video gained significant attention on social media, sparking comments about the eating styles of the two leaders. Burger King stated that the timing of the video release was coincidental.

Key Facts

  • McDonald's CEO Chris Kempczinski posted a video of himself eating a new McDonald's burger.
  • The video received comments about his small bite and questions about his enthusiasm.
  • Burger King President Tom Curtis appeared in a TikTok video enthusiastically eating a revamped Whopper.
  • Curtis's video went viral with over 4.4 million views, prompting comparisons to Kempczinski's video.
  • Burger King stated the video's timing was coincidental and emphasized that leadership should enjoy their products.
  • Social media users highlighted Curtis’s more convincing display and made humorous comments.
  • Burger King engaged with the viral response, adding to the humor and discussion online.

Source Verification

Tax Refund Update: IRS Chief Shares Details Impacting Millions

Tax Refund Update: IRS Chief Shares Details Impacting Millions

Summary

The IRS has provided millions of Americans with tax refunds this filing season, returning billions of dollars to the economy. By the end of February, the agency had issued about 37 million refunds, amounting to roughly $137 billion. The Working Families Tax Cuts are estimated to benefit individuals by $220 billion.

Key Facts

  • The IRS issued tens of millions of tax refunds this season.
  • By February 28, the IRS had received over 51 million federal tax returns.
  • The agency sent out about 37 million refunds totaling approximately $137 billion.
  • IRS chief Frank J. Bisignano shared these figures with the U.S. House Ways and Means Committee.
  • The Working Families Tax Cuts program is expected to benefit individuals by $220 billion.
  • The average American family will see more benefits than in previous years, according to Bisignano.

Source Verification

Top U.S. Hospitals Step Up as Access Gaps Widen

Top U.S. Hospitals Step Up as Access Gaps Widen

Summary

The Newsweek World’s Best Hospitals 2026 ranking evaluates over 2,500 hospitals globally, with the U.S. featuring prominently. The list is based on hospital quality metrics, patient satisfaction, and expert recommendations. St. Clair Hospital and Atrium Health Wake Forest Baptist Medical Center are among the U.S. hospitals making their debut on the list.

Key Facts

  • Newsweek's hospital ranking evaluates over 2,500 hospitals worldwide for 2026.
  • The ranking considers factors like hospital quality, patient satisfaction, and expert recommendations.
  • The U.S. has 420 hospitals on the list, with 37 new entries.
  • St. Clair Hospital, at No. 330, focuses on quality care and works with Mayo Clinic.
  • Ranking factors include metrics from CMS, Leapfrog, and other health organizations.
  • Atrium Health Wake Forest Baptist Medical Center, ranked No. 347, is known for integrating research with patient care.
  • The U.S. study called POINTER looks at lifestyle impacts on cognitive function and is one of many research projects at Atrium Health.
  • Avera St. Luke’s Hospital in South Dakota is ranked No. 413 and serves mostly rural areas.

Source Verification

Costco Nationwide Recall Update: Warnings Issued to Customers

Costco Nationwide Recall Update: Warnings Issued to Customers

Summary

Costco has issued recalls for several products, warning customers about potential hazards. The recalled items include frozen ramen bowls and chicken fried rice with possible glass contamination, beef jerky with unlabeled allergens, and a hot tub spa jet posing a safety risk. Customers are advised to stop using these products and return them to Costco for refunds or replacements.

Key Facts

  • Costco recalled Ajinomoto Shoyu Ramen Bowls due to possible glass contamination.
  • Yakitori Chicken with Japanese-Style Fried Rice was also recalled for similar reasons.
  • A public health alert was issued for Punahele Jerky Company beef jerky due to undeclared soy lecithin.
  • Hot Spring Spa hot tub jets have a recall due to potential safety hazards like entanglement.
  • No confirmed injuries were reported for any of these recalls.
  • Customers are advised to check for these products at home and stop using them immediately.
  • Refunds or replacements are available at Costco for the recalled items.

Source Verification