The Federal Trade Commission (FTC) fined the ticket reselling company Elite Events and Tickets for breaking the Better Online Ticket Sales Act. The company has not admitted or denied the FTC’s claims.
Key Facts
The FTC fined Elite Events and Tickets for violating a law about selling tickets online.
The law involved is called the Better Online Ticket Sales Act.
The company did not admit guilt or deny the charges made by the FTC.
CBS News reported on this story after interviewing the company last year.
The fine is related to the company’s ticket-selling methods and practices.
The case shows the government’s effort to regulate ticket reselling businesses.
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President Donald Trump’s social media platform, Truth Social, is selling a service called Truth API that gives Wall Street traders fast access to his posts for $100,000 a month. These posts often include important announcements about economic policy and global issues that can quickly affect financial markets.
Key Facts
Truth Social started offering the Truth API service on a Saturday.
The service costs $100,000 per month for fast access to President Trump’s posts.
President Trump’s posts frequently affect the prices of stocks, bonds, currencies, and commodities.
Traders using Truth API can react faster to news, potentially making large profits.
Ethics experts are concerned this service mixes public office with private financial gain.
Other social media companies also sell fast news feeds, but Truth Social’s posts create original market-moving news.
President Trump’s office did not comment on the ethics or legal review of the service.
Trump Media & Technology, the parent company of Truth Social, defends the service against criticism from Democrats.
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Flour + Water is a restaurant group in San Francisco led by chefs Thomas McNaughton and Ryan Pollnow. They change traditional Italian cooking by creating new and creative dishes.
Key Facts
Flour + Water is a restaurant group based in San Francisco.
The chefs leading it are Thomas McNaughton and Ryan Pollnow.
Both chefs have been nominated for James Beard Awards, which honor great cooks.
They focus on Italian cooking but offer new, different takes on traditional dishes.
The restaurant group aims to provide fresh and creative Italian food experiences.
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Sake, a Japanese rice wine, is becoming more popular in the United States. Daniel Bennett, a sake expert at a restaurant in Chicago, talks about why people enjoy this drink.
Key Facts
Sake is a traditional Japanese alcoholic drink made from rice.
Its popularity is increasing in the U.S. market.
Daniel Bennett is a sake sommelier, which means he is an expert in sake.
Bennett works at the Omakase Room, a restaurant in Chicago.
He explains what makes sake enjoyable to drink.
The article was shown on CBS News and can be accessed via their app or online.
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Kevin Warsh aims to bring back a time when the Federal Reserve was more careful with money policies. It is uncertain if he will continue to keep this promise.
Key Facts
Kevin Warsh is focused on increasing monetary restraint.
Monetary restraint means being careful about printing money and raising interest rates.
He wants to move away from recent policies that have been less strict.
Warsh's approach could affect inflation and the economy.
It is unclear if Warsh will fully follow through with his plan.
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CBS Mornings Deals offers special discounts on products designed to improve daily life. Customers can visit cbsdeals.com to find and purchase these discounted items.
Key Facts
CBS Mornings Deals features products with exclusive discounts.
The deals focus on items that can help improve everyday lifestyle.
Shoppers can visit cbsdeals.com to access these offers.
CBS earns a commission from purchases made through the website.
The deals are promoted during CBS News programming.
The promotion encourages viewers to use popular web browsers like Chrome and Safari.
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The U.S. economy grew slowly at a 1.5% rate in the second quarter of 2026, with consumer spending increasing but overall growth below expectations. Meanwhile, mortgage rates for 30-year loans reached their highest point in a year, making home loans more expensive for buyers.
Key Facts
The U.S. economy grew 1.5% from April to June 2026, slowing down from 2.1% in the previous quarter.
Consumer spending, which makes up about 70% of economic activity, rose by 3.2% in the second quarter.
Business investment, excluding housing, grew 8.4%, driven partly by increased spending on artificial intelligence.
The average 30-year fixed mortgage rate increased to 6.66%, the highest in a year.
The 15-year fixed mortgage rate also rose to 6.04%.
Inflation remains above the Federal Reserve’s 2% target, though growth in inflation slowed last month.
Gas prices rose again to about $4.11 per gallon after earlier declines.
Consumer confidence stayed low in July, partly due to rising gas prices and conflict in the Middle East.
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Some home sellers use hidden cameras and recording devices to watch and listen to potential buyers during property tours. This surveillance helps sellers protect their homes and learn buyers’ reactions, but many buyers feel uncomfortable and change how they behave during showings.
Key Facts
A survey of 2,000 consumers found 56% of home sellers used hidden cameras during buyer tours.
72% of buyers believe they have been watched while seeing homes.
Sellers use cameras mainly for protection (61%) and to observe buyers’ likes and dislikes (19%).
Buyers often avoid discussing budgets or offers inside the home due to fear of being recorded.
About 64% of recent buyers worry sellers watch or listen during tours.
Nearly 1 in 5 buyers have left a showing because they felt watched.
Some buyers say recording equipment would make them less likely to make an offer.
The legality of recording buyers depends on state laws and varies by location.
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New York City’s Flatiron Building, completed in 1902, has been transformed from commercial space into a luxury residential building with apartments costing up to $58.5 million. The building features 36 apartments, including large full-floor units, and shared amenities like a pool and games room.
Key Facts
The Flatiron Building is a triangular skyscraper in New York City, known for its unique shape resembling a clothes iron.
It was completed in 1902 and was originally used mainly as office space.
The building was recently renovated, with its exterior restored by hand to preserve original architectural details.
It now offers 36 luxury apartments, some spanning entire floors.
Apartments are priced from around $11 million to $58.5 million for the largest unit.
Shared amenities include a double-height lobby, pool, and games room with a billiards table.
Interior design by a prominent New York firm features exposed steel framing and high-end materials like marble and brushed steel.
The building’s owners noted strong interest from wealthy buyers due to its location near good transport, dining, and parks.
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Purple flowers have become the most popular color choice in British gardens this summer, according to research by the Royal Horticultural Society (RHS). The trend shows a shift from recent garden styles focused on neutral colors to brighter, natural-looking plantings that attract pollinators and promote relaxation.
Key Facts
Purple was the most preferred flower color among over 11,000 visitors in an RHS study, making up 26.67% of choices.
Red was the second most popular flower color, chosen by 25.24% of participants.
Popular purple plants include lavender, salvias, catmint, alliums, and geraniums.
Garden designers report growing demand for bright purple flowers and naturalistic planting instead of neutral tones like greys.
Purple plants attract pollinators such as bees and butterflies, supporting garden ecosystems.
Purple is linked to calming feelings, while colors like yellow and orange are associated with joy, based on psychological research.
The study “Flower Power” published in Acta Psychologica explores how favorite flower colors affect human emotions and wellbeing.
Garden design incorporating color can improve wellbeing, useful for places such as schools and hospitals.
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A judge in Santa Monica, California, has ordered Waymo to stop charging its autonomous vehicles overnight at certain city locations. This decision follows complaints from neighbors and the city about noise, light, and traffic problems caused by the charging stations.
Key Facts
Judge Bradley S. Phillips ruled Waymo cannot use its charging lots on Broadway at 12th and Euclid Streets between 11 pm and 6 am.
The City of Santa Monica filed a public nuisance lawsuit against Waymo over noise, light pollution, and traffic issues from the charging stations.
Neighbors complained about constant beeping noises and vehicle movements disturbing their peace day and night.
The charging stations are near a private school, apartments, and homes.
Waymo started using these charging lots in January 2025.
Santa Monica sued Waymo in November 2025, and Waymo has also filed a counter-suit.
Residents reported noticeable improvements in quietness after the overnight charging was stopped.
The next court hearing is set for October 2026.
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President Donald Trump’s company, Truth Social, is selling fast access to his social media posts to Wall Street traders. This service, called Truth API, could help traders make profits by getting early information on Trump’s policy announcements, but it also raises concerns about fairness and insider trading.
Key Facts
Truth Social will offer a paid service starting Saturday for quick access to President Trump’s posts.
This service targets high frequency traders who trade stocks and currencies very quickly.
Trump’s posts often include policy news on issues like tariffs, war, and central bank decisions.
Early access to these posts could allow traders to make big profits by acting before others.
Some experts warn this could be unethical or illegal if used to trade on insider information.
Trump Media & Technology, the parent company, defends the service as a free market product.
The service uses direct internet connections for faster delivery than typical news feeds.
Artificial intelligence technology helps traders understand the market impact of Trump’s posts.
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Tesla's CEO Elon Musk denied reports that Tesla might leave China, saying such talks never happened. Tesla’s business in China is important, with big sales and a factory that helps serve Asian and European markets.
Key Facts
Elon Musk called reports of Tesla leaving China "absurdly fake news."
Tesla is the only Musk company with a presence in China.
China is Tesla’s second-largest market and made up 17% of its revenue from April to June.
Tesla’s Shanghai Gigafactory opened in 2019 and was the first fully foreign-owned car factory in China.
The Shanghai factory helps Tesla lower production costs and avoid import tariffs.
Tesla ships cars from Shanghai to markets in Asia and Europe.
Tesla also invested about $200 million in a Shanghai plant making large batteries for storing electricity.
These batteries help utilities manage energy demand and grow Tesla’s business beyond cars.
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Many people who book places to stay through websites like Booking.com, Airbnb, and Vrbo are having trouble getting refunds when their accommodations are not as promised. These websites say the contract is between the guest and the property owner, so the websites do not take responsibility for refunds or compensation.
Key Facts
Jane Ripley booked an apartment on Booking.com but was given a poor-quality property and had to pay extra for a different place.
Booking.com’s terms say the booking contract is directly between the guest and the host, not the website.
Similar rules apply for Airbnb and Vrbo, which say they are not part of the contract between guest and host.
This means these platforms often do not have to help guests get refunds when problems happen.
If you book a package deal, different laws apply that protect the traveler and require compensation.
Travelers who had issues reported slow or no refund responses from hosts and Booking.com.
Consumer experts say this legal area is unclear but courts may challenge company claims of no responsibility.
Some travelers face extra charges, bad rental conditions, and difficulty getting their money back.
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Several companies across the United States have announced plans to lay off workers in August, according to public WARN notices. These layoffs affect various industries, including retail, technology, manufacturing, and healthcare, as businesses face uncertainty and slower job market growth.
Key Facts
WARN notices require employers with 100+ workers to warn at least 60 days before large layoffs or plant closures.
Companies planning layoffs in August include Walmart, Amazon, FedEx, Levi Strauss & Co, NBCUniversal, and General Dynamics.
Walmart plans to lay off workers at multiple California locations, with the largest group affecting 88 people in San Bruno.
Layoffs often target specific offices or units, not entire companies, and notices can change or be canceled.
Experts say layoffs reflect business uncertainty and a shift toward fewer new hires and firings.
The federal WARN Act helps workers prepare by giving advance notice of job losses.
Upcoming federal employment reports will clarify the overall health of the job market.
Despite layoffs, the labor market has stayed fairly steady but uneven across sectors.
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This week, Wall Street focuses on earnings reports from major U.S. companies like McDonald’s, SpaceX, and Marriott International. Investors are also watching key U.S. jobs data, including the monthly employment report for July, to understand the economy and inflation.
Key Facts
Clorox and Marriott International will report earnings on Monday.
SpaceX will release its earnings on Tuesday; its stock has seen big ups and downs since going public in June.
McDonald’s earnings report is also due on Tuesday.
Expedia Group will report earnings on Wednesday.
More than half of S&P 500 companies have reported strong profit growth this year.
The U.S. will release job openings data for June on Tuesday.
The monthly U.S. employment report for July will come out on Friday, a key economic indicator.
Job growth is slowing, which concerns investors and the Federal Reserve, especially as they consider interest rate changes.
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Marks & Spencer (M&S) has started selling Ann Summers crotchless underwear on its website as part of a new strategy to offer more brand choices and attract younger customers. The move is seen as an extension of M&S’s long history in underwear sales, which now includes a wider variety of styles and brands.
Key Facts
M&S is selling Ann Summers bras, chemises, and crotchless knickers on its website.
This is part of M&S’s “brands at M&S” strategy to add third-party brands alongside their own products.
M&S has offered many underwear styles over the years, including full briefs, thongs, period knickers, and stoma-friendly options.
Under-30 customers now make up one-third of M&S underwear sales, double from 2023.
Ann Summers is known as a brand with a sexier image, which helps M&S target younger shoppers.
The underwear range on the M&S site also includes other brands like Pour Moi and Calvin Klein.
M&S has sold underwear since the 1920s and has followed fashion trends such as lace and hip-hugger styles.
Experts say M&S has always offered both practical basics and more fashionable, sexy lingerie.
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Separation anxiety in dogs causes distress when they are left alone and can lead to behaviors like barking, pacing, and accidents in the home. Treatment varies and may involve training, calming aids, routines, or medication, with veterinary help recommended if the dog’s life or home is affected.
Key Facts
Separation anxiety can cause panting, drooling, loud noises, pacing, destruction, self-harm, and indoor bathroom accidents.
Owners should contact a vet if these behaviors harm the dog’s well-being or damage the home.
Treatment usually combines several methods including training, calming products, special diets, routines, and sometimes medication.
Some dogs find comfort in objects with their owner’s scent, but this does not work for all dogs.
A dog named Snow found unexpected comfort lying near a mannequin left in the house when her owner was away.
The mannequin may serve as a substitute attachment figure, even though it does not move or smell like a human.
This is an unusual example and not a common or guaranteed treatment for separation anxiety.
Each dog may need a personalized approach to managing separation anxiety.
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UK MPs and regional mayors have suggested changing failing water companies into not-for-profit cooperatives managed by local people, as an alternative to nationalisation. They believe this could offer public control without increasing government debt, and want to first try this approach with Thames Water, which is close to financial collapse.
Key Facts
Some MPs and mayors propose turning water companies into mutual, not-for-profit cooperatives.
This would keep water services public but avoid adding to government debt.
Thames Water faces financial collapse and may enter temporary government control if a rescue deal fails.
The rescue deal could forgive Thames Water’s fines and environmental responsibilities.
If companies fail under new rules, they could be placed in a special administration regime (SAR) and then become cooperatives.
Executive pay limits, stricter monitoring, and dividend bans unless performance targets are met would be enforced.
A "bail-in" would require shareholders and creditors to bear failure costs instead of taxpayers.
The Prime Minister is exploring options for public control but has no plans for immediate nationalisation.
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Nigel Farage’s Reform UK party has received large amounts of money from a group of connected donors, including a £5 million gift from billionaire Christopher Harborne. Investigations have revealed secret donations, loans, and financial transactions involving senior party figures, leading to police questioning and reports to the National Crime Agency.
Key Facts
Nigel Farage accepted a £5 million gift from billionaire donor Christopher Harborne.
Reform UK received secret donations and a loan from donors linked to senior party members.
The Metropolitan Police have interviewed two people under caution related to the party’s finances.
Bank staff reported suspicious financial transactions involving Reform UK to the National Crime Agency.
George Cottrell, a convicted fraudster living in Montenegro, transferred over $2 million to his mother, who then donated large sums to Reform UK.
Cottrell is connected to Farage, Harborne, and Richard Tice, Farage’s deputy, and has lent money to Tice.
Reform UK’s leadership believes the party’s funding network is crucial to its chance of forming the next government.
Farage has responded to questions with legal threats and claims of a conspiracy without providing clear answers.
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