The Powerball jackpot has grown to an estimated $856 million, making it the eighth largest jackpot in the game's history. The drawing is held three times a week, and tickets cost $2 each.
Key Facts
The current Powerball jackpot is $856 million.
This jackpot ranks as the eighth largest in Powerball history.
It is the biggest Powerball jackpot since a $1.817 billion prize won in Arkansas in December 2025.
Powerball tickets sell for $2 each.
Players choose five numbers from 1 to 69 and one Powerball number from 1 to 26.
Drawings take place every Monday, Wednesday, and Saturday.
Powerball is played in 45 U.S. states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
The odds of winning the jackpot are 1 in 292.2 million.
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Australia’s housing market is seeing falling home prices due to rising interest rates and new government tax changes on property investors. Experts predict the price drop will continue until around April next year before leveling off and slowly rising again.
Key Facts
The Reserve Bank of Australia has increased interest rates, making home loans more expensive.
Home prices have fallen by about 7.8% this year and are expected to keep declining until April next year.
Previous property downturns were often caused by interest rate hikes, crises, or policy changes.
The government recently changed tax rules for property investors, affecting market sentiment.
Price drops vary by city; Sydney and Melbourne could see declines around 10%, while smaller capitals may drop 2-4%.
Prices in Brisbane, Perth, Adelaide, and Hobart are expected to grow by 2026.
Interest rates are predicted to stay higher than pre-pandemic levels for some time.
Experts think the housing market may reach a new normal with slow or stagnant price growth, balancing affordability without a major crash.
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AJ Daulerio, former editor of Gawker, has maintained sobriety for 10 years and now focuses on recovery and building a media company called The Small Bow. His new work shares honest stories about addiction and aims to help others, while he balances business growth with his personal spiritual practices.
Key Facts
AJ Daulerio wakes up early to meditate, journal, and exercise daily as part of his recovery routine.
He leads recovery meetings online and attends therapy, support groups, and medical appointments regularly.
Daulerio has bipolar disorder and manages it with medication and therapy.
He celebrates 10 years of sobriety and has shifted from a controversial media figure to a thoughtful writer.
The Small Bow is a newsletter where Daulerio writes about addiction recovery and personal growth.
He hopes to expand The Small Bow into a larger media company providing guidance for people struggling with addiction.
Daulerio struggles to balance self-promotion needed for business success with keeping his ego and spiritual values in check.
The print media industry has been declining since the 2000s, making his business goals challenging.
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The UK government has approved Paramount’s $110 billion takeover of Warner Bros Discovery after Paramount agreed to protect UK-based content and maintain Channel 5’s public service role until 2034. The deal still faces a major legal challenge in the US, which could delay its completion.
Key Facts
UK Culture Secretary Lisa Nandy decided not to block Paramount’s acquisition of Warner Bros Discovery.
Paramount made concessions to protect UK content and keep Channel 5 as a public service broadcaster until 2034.
Channel 5 News will stay editorially independent and separate from other merged news outlets like CBS News and CNN International.
Paramount agreed to keep separate editorial identities for its UK TV services, including children’s programming, for five years.
The UK Competition and Markets Authority and the EU have already approved the deal.
Paramount CEO David Ellison’s influence will increase if the deal goes through, creating a large media company with brands like Superman, Batman, Top Gun, CNN, and TNT Sports.
A coalition of US state and writers’ unions is suing to block the deal over antitrust concerns.
The US court trial is scheduled for March 2027, delaying the deal’s completion and increasing costs for Paramount.
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The UK government has approved Paramount’s $81 billion purchase of Warner Bros. Discovery, deciding the deal does not reduce competition in the country. Paramount agreed to several legal promises to protect UK broadcasting and streaming services, helping clear this step toward completing the merger.
Key Facts
UK’s Competition and Markets Authority approved Paramount’s takeover of Warner Bros. Discovery.
The deal is worth $81 billion.
Britain’s Department for Digital, Culture, Media and Sport (DCMS) also decided not to block the merger.
Paramount made legally binding promises to keep UK TV and streaming services diverse and independent.
Paramount owns Channel 5 and localized Nickelodeon programming in the UK; Warner owns TNT Sports UK.
The companies agreed to keep editorial independence at Channel 5, separate from CBS and CNN.
They will not combine linear TV channels with on-demand services in the UK.
DCMS will monitor Paramount’s compliance yearly with these commitments.
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Job candidates are finding it harder to decide what to wear for interviews because many workplaces have become more casual after the pandemic. While suits are still common for some jobs, many companies now have relaxed dress codes, and candidates are advised to research a company’s culture before choosing their outfit.
Key Facts
Traditional suits are no longer the automatic choice for job interviews due to more casual work environments.
Virtual interviews and hybrid work have contributed to more relaxed dress codes.
Suits remain common for senior roles and certain fields like law and finance.
Candidates can check a company’s website or social media to learn about typical employee dress styles.
It is helpful to dress slightly more formally than current employees to make a good impression.
Feeling comfortable and confident in what you wear can improve interview performance.
Asking a recruiter or hiring manager about dress code is recommended if uncertain.
Casual dress codes are often linked to company culture described as innovative or young, while traditional companies usually expect formal dress.
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CBS Mornings Deals offers special discounts on various products that can improve daily life. Viewers can visit cbsdeals.com to see and buy these discounted items.
Key Facts
CBS Mornings Deals features products with exclusive discounts.
The items shown aim to improve everyday lifestyle.
Shoppers can find these deals on the website cbsdeals.com.
CBS earns commissions when people buy through this site.
The promotion is part of CBS News content.
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SpaceX is allowing employees to sell some of their company shares, which could give early workers a large amount of money. Many employees received stock options as part of their pay, and now they can turn those options into cash.
Key Facts
SpaceX has unlocked shares, meaning employees can now sell some of their stock.
Early employees were given stock options as part of their compensation.
Selling shares could result in a significant financial gain for these employees.
One example mentioned is a former employee using their earnings to renovate a brewery in Italy.
The event is recent, with the unlocking happening on a Thursday.
The news is covered by the BBC and focuses on the financial impact for SpaceX workers.
This share unlocking relates to a private company, not a public stock market listing.
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Debt collectors are generally not allowed to change the original date when a debt first became overdue to make the debt look newer, a practice called "re-aging." Laws like the Fair Credit Reporting Act protect consumers by ensuring debts are removed from credit reports after seven years and prevent collectors from making old debts seem legally collectible when they are not.
Key Facts
Re-aging means making an old debt appear newer to keep it longer on a credit report.
Laws forbid debt collectors from changing the original delinquency date of a debt.
The Fair Credit Reporting Act requires that negative information be removed from credit reports after seven years.
The Fair Debt Collection Practices Act bans collectors from pretending expired debts are still collectible.
Debt often changes owners, but this does not reset the debt’s age.
A common sign of re-aging is mismatched dates between the original creditor’s records and the current collector’s report.
Sometimes collectors claim recent payments that never happened to reset the debt’s timeline.
Violating these rules can lead to fines or legal penalties for debt collectors.
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The U.S. Bureau of Labor Statistics will release the July jobs report on August 7. Recent data shows little change in job growth, and experts are watching closely to see how the labor market is doing.
Key Facts
The July jobs report will be published on Friday, August 7.
The report is issued by the U.S. Bureau of Labor Statistics.
Recent economic data shows little movement in job growth.
Experts are analyzing these trends to understand the health of the job market.
CBS News business analyst Jill Schlesinger provides insights on what to expect.
The report will help indicate whether the U.S. labor market is improving, stable, or slowing down.
This information can influence business and economic decisions.
The coverage is sponsored by AT&T Business.
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Jill Schlesinger gave advice on investing during a time when the stock market is doing well. She appeared on the CBS Mornings show to share these tips.
Key Facts
The stock market is currently performing strongly.
Jill Schlesinger is an expert who shared investment advice.
The advice was given during a segment on CBS Mornings.
The tips aim to help people make good decisions while investing.
The information is available through CBS News and its app.
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EasyJet, a major European low-cost airline, has agreed to be bought by a US company called Apollo in a deal worth £5.7 billion. Another US company, Castlelake, had also tried to buy EasyJet but decided to stop competing.
Key Facts
EasyJet is one of the largest airlines in Europe.
It employs over 19,000 people.
The airline flies about 1,200 routes across 35 countries in Europe.
EasyJet was started in 1995 by Sir Stelios Haji-Ioannou.
The airline focuses on offering cheap flights from the UK to other parts of Europe.
Apollo, a US firm, will take over EasyJet for £5.7 billion.
Castlelake, another US company, withdrew from the bidding process.
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An architecture firm, Foster + Partners, is not responsible for a man's death caused by a falling window from a London penthouse. The project managers and engineers were found guilty of safety violations related to the incident, which involved a window being blown off its hinges and falling onto the street.
Key Facts
Mick Ferris, 53, died in 2018 when a 130kg window fell 90 meters from The Corniche, a luxury building in London.
Foster + Partners designed the building but were cleared of responsibility by a jury.
The project managers, St James, and engineers, Lindner Prater, were found guilty of safety breaches.
A similar window incident happened a year before Ferris’s death with no injuries, but no design changes were made.
The window blew off its hinges after a restrictor meant to keep it closed was removed.
The window design had been changed from opening inward to outward to avoid clashing with ceiling features.
After the death, the window design was changed back to opening inward.
The court heard that the designers missed several chances to correct the risk of outward-opening windows.
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Palantir Technologies, a US data analytics and AI company, paid only 1.4% in global taxes in 2025 despite growing revenues and large government contracts. A new report shows Palantir shifts profits to the US to reduce taxes and benefits from recent tax cuts under President Donald Trump.
Key Facts
Palantir reported $1.94 billion in revenue for the second quarter of 2025, a 93% increase from the previous year.
The company’s global effective tax rate was only 1.4% in 2025.
Palantir shifts profits from contracts in the UK and Europe to its US parent company, lowering taxable income abroad.
In the UK, Palantir paid about £2 million ($2.7 million) in corporate taxes despite winning over £670 million ($900 million) in government contracts.
Palantir benefits from US tax changes made under President Donald Trump, including the cut of the federal corporate tax rate from 35% to 21% in 2017.
Palantir was founded in 2003 and has connections to US intelligence agencies through early backing by In-Q-Tel, a CIA venture fund.
The company works with US government agencies like ICE and DHS, providing technology to combine large datasets, raising privacy concerns.
Palantir’s market value is about $370 billion, making it one of the largest publicly traded companies.
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A Minnesota woman sued Chipotle after she was hospitalized with sepsis from eating a salmonella-contaminated burrito bowl. The illness is linked to a multistate outbreak traced to jalapeño peppers used by Chipotle, which has caused hundreds of illnesses across many states.
Key Facts
Kristen Behne ate a chicken burrito bowl at a Chipotle in Roseville, Minnesota, on June 24.
She developed sepsis and was hospitalized three days later.
Genetic tests connected her infection to a larger outbreak of salmonella linked to Chipotle jalapeño peppers.
Over 200 illnesses are connected nationally to this outbreak, with at least 110 in Minnesota.
The Centers for Disease Control and Prevention (CDC) reported 345 cases across 27 states as of early August.
Chipotle removed the jalapeño peppers involved and switched to a new supplier.
The lawsuit demands more than $75,000 in damages and references Chipotle’s past food safety issues, including a 2015 salmonella outbreak and a $25 million fine in 2020.
The plaintiff’s lawyers may seek additional damages based on what Chipotle knew about the risk before the outbreak.
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Workers at Octopus Energy, a major UK renewable energy company, want their workplace to officially recognize a union called GMB. The company says there is no current need for a union and denies being against unions, while the GMB union says staff want more say in their work conditions through union representation.
Key Facts
Octopus Energy is one of the largest energy companies in the UK and focuses on renewable energy.
The GMB union plans to formally ask Octopus Energy to recognize the union voluntarily.
Octopus Energy states no demand from staff currently exists for union recognition.
The company says it treats employees well and makes them shareholders.
GMB argues that owning shares does not give employees enough influence over their work terms.
The union says Octopus management does not support unionization plans.
Greenpeace UK supports Octopus Energy’s low-carbon goals and says unions must be part of the energy transition.
There is disagreement between GMB and Octopus over fossil fuels, heat pumps, and electric vehicles.
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Saudi Arabia's Public Investment Fund (PIF) is changing its sports investment strategy by buying a major part of Electronic Arts (EA), a top video game company known for popular sports games like Madden NFL. This move gives Saudi Arabia a new way to influence global sports and reach millions of fans through gaming instead of just owning teams or hosting events.
Key Facts
Saudi Arabia’s PIF previously invested heavily in sports teams, leagues, and events worldwide.
The PIF sold most of its stake in the football club Al-Hilal and stopped funding LIV Golf earlier this year.
PIF and a consortium including Jared Kushner’s Affinity Partners agreed on a $55 billion deal to buy Electronic Arts.
EA makes popular sports video games such as Madden NFL, which is played by over 2 billion people yearly.
EA holds exclusive rights for the NFL in video games, which helps capture fans across all NFL teams.
The purchase allows Saudi Arabia to reach American sports fans through digital gaming rather than just traditional sports ownership.
EA’s games collect detailed data on player behavior, purchases, and usage that can provide valuable consumer insights.
Saudi Arabia’s strategy fits into its Vision 2030 plan to diversify its economy away from oil and gain geopolitical influence through sports.
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Mortgage rates in the U.S. have recently risen to their highest level in over a year, making it harder for many Americans to afford homes. This rise benefits buyers who can pay with cash and foreign investors, creating a bigger gap between wealthier buyers and those relying on loans.
Key Facts
The average 30-year fixed mortgage rate went up to 6.81% in late July 2026.
Higher mortgage rates have caused fewer people to apply for home loans and refinance existing ones.
Cash buyers do not face higher monthly payments unlike those borrowing money for homes.
About 25% of home sales were paid in cash in June 2026, the same as the previous month but less than the year before.
Foreign buyers are more likely to pay cash, with 47% doing so overall and 67% among non-resident foreign buyers.
First-time homebuyers mostly rely on mortgages and are struggling the most due to rising costs and higher rates.
The average age of first-time homebuyers in the U.S. has reached 40 years old, a record high.
Rising mortgage rates strengthen the divide between lower- to middle-income households and wealthier buyers in the housing market.
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Jason Arday, a former Cambridge professor facing plagiarism and false claims accusations, said he received a 1.4 million advance for his upcoming memoir. Cambridge is investigating his qualifications following multiple questions, while his publisher Simon & Schuster plans to publish the book despite the controversy.
Key Facts
Jason Arday resigned from Cambridge amid accusations of plagiarism and exaggerated claims about his career.
He said he was paid 1.4 million (currency unspecified) as an advance for his memoir by Simon & Schuster.
The memoir covers Arday’s life story, including his autism diagnosis and becoming the youngest Black professor at Cambridge.
Cambridge launched an investigation after new information about Arday’s qualifications and career emerged.
Arday has been accused of copying parts of his PhD thesis and making false assertions about fundraising and incidents involving masked attackers.
Liverpool John Moores University cleared Arday of plagiarism, but questions remain among academics.
Arday appears to have falsely claimed to have published another book, which was proposed but never published.
Simon & Schuster said it will proceed with publishing the memoir and may have edited some claims in the manuscript.
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Iraq is facing a serious money shortage that is affecting the government's ability to pay salaries and cover basic expenses. This financial trouble is linked to a big drop in oil revenues after exports stopped through the Strait of Hormuz, highlighting Iraq’s heavy dependence on oil income.
Key Facts
Iraqi Minister of Health said the government is struggling to find money for salaries.
Iraq needs about 10.8 trillion dinars ($8.24 billion) per month to pay salaries and basic costs.
Oil exports through the Strait of Hormuz have stopped, causing a sharp drop in Iraq’s oil revenues.
The government has paid part of the salaries but still owes about 3.2 trillion dinars ($2.4 billion) this month.
Total monthly state revenue recently has been around 3 trillion dinars ($2.3 billion), less than what is needed.
Many government workers are anxious because salary delays are affecting their daily lives and financial obligations.
The economic crisis reveals the risks of Iraq’s dependence on oil and the challenges in diversifying its economy.
The government was planning to boost the economy with new development projects and private partnerships before the crisis worsened.
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