Newsweek released a Valentine's Day gift guide with a variety of items for both men and women. The guide includes products like jewelry, home accessories, and beauty items, highlighting prices and purchase locations.
Key Facts
Newsweek's guide provides Valentine's Day gift suggestions for both men and women.
The guide includes products like high-end shoes, satchels, and beauty tools for women.
It also features items like a wine preservation system and a decanter for men.
Prices for the gifts range from about $69 to $4,900, depending on the item.
The guide suggests where to buy each item, such as Jimmy Choo and Saks Fifth Avenue.
Some gifts cater to specific interests, like fitness, skincare, or outdoor activities.
Jewelry, home decor, and stylish accessories are highlighted in the guide.
Read the Original
Want the full story? Tap a source to open the original
article.
The IRS has updated rules for a tax credit that encourages U.S. companies to produce cleaner transportation fuels. This tax credit, part of President Trump's One Big Beautiful Bill, gives producers a financial incentive to create fuel with lower greenhouse gas emissions until 2029.
Key Facts
The IRS issued an update about the clean-fuel tax credit under President Trump's One Big Beautiful Bill.
This credit aims to spur investment in fuels that produce less greenhouse gas.
The credit, called the 45Z clean fuel production credit, was adjusted by OBBB.
U.S., Mexican, and Canadian feedstocks are eligible for the credit.
The credit is valid through 2029.
New rules limit participation by foreign entities and prohibit negative emissions rates except for certain fuels.
The proposal provides guidelines on how to qualify and calculate the tax credit.
Denatured and undenatured ethanol qualify as transportation fuels for the credit.
Read the Original
Want the full story? Tap a source to open the original
article.
A deli-style Margherita pizza sold by WinCo Foods in 10 states was recalled due to potential metal fragments in the product. The recall affects over 5,000 cases and is classified as a Class II recall, meaning it could cause temporary health effects but is unlikely to cause serious harm.
Key Facts
WinCo Foods recalled its Margherita Pizza because it might have metal fragments.
The potentially affected pizzas were sold in 10 states: Arizona, California, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, and Washington.
This recall involves more than 5,000 cases of the pizza.
The recall is labeled as Class II, meaning there are possible temporary health effects, but serious harm is unlikely.
The Food and Drug Administration (FDA) initiated the recall on January 15, 2026.
The pizzas have a five-day sell-by date and specific Julian codes: 12255, 22265, and 12415.
WinCo Foods is based in Boise, Idaho.
Metal fragments in food can cause physical harm, such as cuts or internal injuries.
Read the Original
Want the full story? Tap a source to open the original
article.
Netflix and Warner Bros are trying to convince U.S. lawmakers that their planned $82 billion merger will be good for consumers and the entertainment industry. The Senate antitrust subcommittee expressed concerns about reduced competition and higher prices. The Department of Justice (DoJ) will ultimately decide if the merger can go ahead.
Key Facts
Netflix plans to buy Warner Bros Discovery for $82 billion.
The U.S. Senate antitrust subcommittee questioned the impact on competition and prices.
The Department of Justice is reviewing the proposed merger.
Netflix's co-CEO promised to continue releasing Warner Bros films in theaters for 45 days.
Republican and Democratic senators expressed concerns about the merger.
Rival bidder Paramount has offered $108 billion, aiming to acquire Warner Bros.
Netflix plans to pay for the deal in cash, updating an earlier proposal.
There is debate on whether YouTube is a competitor to Netflix.
Read the Original
Want the full story? Tap a source to open the original
article.
China’s state-owned planemaker, Comac, is competing with major aircraft manufacturers Boeing and Airbus. They showcased their C919 passenger jet at the Singapore Airshow, aiming to expand their presence, particularly in the growing Asia-Pacific market. Comac seeks to alleviate regional challenges like delivery delays and supply chain issues.
Key Facts
Comac is a Chinese state-owned company.
The C919 jet is Comac’s entrant to compete with Airbus A320neo and Boeing 737 MAX.
Comac showcased the C919 at the Singapore Airshow.
Asia-Pacific airlines face delays and supply chain bottlenecks, creating opportunities for new suppliers like Comac.
Over 150 Comac jets are in service within China and in countries like Laos, Indonesia, and Vietnam.
Comac is pursuing European certification to access the European market.
Challenges for Comac include technical issues and building maintenance infrastructure.
Read the Original
Want the full story? Tap a source to open the original
article.
A Southwest Airlines passenger expressed frustration over the airline's new assigned seating policy, describing it as confusing and uncomfortable. The passenger noted that despite the flight being only a quarter full, passengers were required to sit in specific seats, leading to crowded conditions in some rows.
Key Facts
Southwest Airlines is implementing a new assigned seating policy.
A passenger on a lightly loaded flight was asked to sit in a specific assigned seat.
Despite many empty seats, some rows had several passengers sitting together.
Flight attendants mentioned seat changes required approval for safety reasons.
The new seating system appears to factor in weight and balance on the aircraft.
Some people online think the policy encourages customers to pay for seat upgrades.
Southwest used to have open seating, and passengers are reacting to this change.
Read the Original
Want the full story? Tap a source to open the original
article.
Walmart's market value has reached $1 trillion for the first time. This achievement follows a new trade deal between the U.S. and India that impacts Walmart's operations and a change in company leadership with John Furner becoming the new CEO.
Key Facts
Walmart's market value hit $1 trillion, joining other large companies in this valuation category.
The company has 11,000 stores across 19 countries.
A recent U.S.-India trade deal lowers tariffs from 50% to 18%, affecting Walmart’s supply chain.
Walmart has increased its exports from India from 2% to 25% over five years.
Walmart aims to source $10 billion in goods from India by next year.
The company holds an 80% stake in the Indian e-commerce platform Flipkart.
John Furner has taken over as Walmart’s CEO, replacing Doug McMillion.
Read the Original
Want the full story? Tap a source to open the original
article.
Walmart has become the first retailer to reach a $1 trillion market value, primarily due to its successful e-commerce business and investments in artificial intelligence (AI). The company's recent shift of its stock listing to the Nasdaq aligns with its strategy to emphasize its digital and tech abilities.
Key Facts
Walmart is now valued at $1 trillion, making it the first retailer to reach this valuation.
The company moved its stock listing from the New York Stock Exchange to Nasdaq.
Walmart's strong e-commerce sales and AI investments contributed to its market value growth.
Its share price increased by more than 3% recently.
Walmart's low prices attract price-conscious shoppers, particularly as inflation continues.
The company's AI partnership with OpenAI aims to enhance customer interactions and product recommendations.
Despite its growth, Walmart's market value is still less than half of Amazon's $2.6 trillion.
Chief Executive John Furner supports Walmart's focus on AI investments.
Read the Original
Want the full story? Tap a source to open the original
article.
A new plan called "Trump homes" aims to make housing more affordable by allowing people to rent homes with the option to apply their rent towards a down payment after three years. This plan, developed by Lennar Corp and Taylor Morrison Home Corp, is meant to help people who find it hard to afford a house. While the Trump administration is not currently considering the plan, builders are discussing the idea.
Key Facts
The "Trump homes" plan is developed by Lennar Corp and Taylor Morrison Home Corp.
The plan would allow renters to apply rent payments towards a down payment after three years.
The plan is funded by private investors, not the government.
The builders propose creating up to 1 million homes with an estimated value of $250 billion.
The plan is not actively under review by President Trump's administration at this time.
The idea is aimed at regions with high housing costs and limited housing availability.
Experts express both interest and skepticism about the feasibility of this plan.
The initiative seeks to address the challenge of high home prices and interest rates that prevent many Americans from buying homes.
Read the Original
Want the full story? Tap a source to open the original
article.
President Donald Trump is suing the BBC for defamation over the editing of his speech in a documentary. Trump’s lawyers claim the BBC's legal arguments are not strong, while the BBC seeks dismissal of the lawsuit. Both parties are in disagreement over court procedures involving evidence exchange.
Key Facts
President Trump is suing the BBC for how it edited his January 6, 2021, speech in a documentary.
The lawsuit involves a defamation claim demanding billions of dollars.
The BBC wants the court to dismiss the case and delay the discovery process.
Discovery is when both sides share important documents and evidence.
Trump's lawyers argue it is too early to delay discovery.
The BBC argues that the Florida court might not have the right to rule on the case.
If the case proceeds, a trial is suggested for 2027.
The BBC apologized for the edit but rejected Trump’s demand for compensation.
Read the Original
Want the full story? Tap a source to open the original
article.
PepsiCo is reducing the prices of some snack products like Doritos and Lays in the U.S. due to criticism over past price increases and the impact of appetite-suppressing weight loss medications. The price cuts align with the Super Bowl, a significant time for snack sales, and the company promises that the taste, size, and ingredients of the products will remain the same. PepsiCo is also focusing on portion control and health-focused products to adapt to changing consumer habits.
Key Facts
PepsiCo is lowering the prices of snacks such as Doritos and Lays in the U.S.
The price reduction is a response to consumer backlash over previous price hikes.
Appetite-suppressing GLP-1 medications are influencing food consumption habits.
Price drops are scheduled before the Super Bowl, an important sales period for snacks.
PepsiCo assures that snack sizes, ingredients, and flavors will not change.
The company is emphasizing portion control, with an upcoming launch of Doritos Protein.
PepsiCo's shares recently rose, but they previously lagged behind Coca-Cola.
The firm aims for significant cost savings in 2026 and is addressing affordability concerns.
Read the Original
Want the full story? Tap a source to open the original
article.
Companies may start raising their prices due to tariffs put in place by the Trump administration, and this might happen early in 2026. While the tariffs have not yet strongly affected inflation, there are signs that price increases might soon occur. Analysts warn that the changes could affect things like electronics and furniture.
Key Facts
Companies might start increasing prices in early 2026 due to tariffs.
The Trump administration says tariffs haven't significantly raised inflation yet.
Adobe's Digital Price Index showed a large price increase in January.
The Institute for Supply Management's price index also increased in January.
Businesses in Atlanta expect to raise prices in the first half of 2026.
The Philadelphia Fed notes tariffs may soon affect general prices.
Economists are cautious about the volatility of price indexes.
A Supreme Court decision on tariff legality is pending, affecting firm decisions.
Read the Original
Want the full story? Tap a source to open the original
article.
A recent court ruling allows some people in Texas, Louisiana, and Mississippi to receive tax refunds on self-employment taxes they have already paid. The decision applies to those who qualify as "limited liability partners" under state law, meaning they don't have to pay self-employment tax on their partnership income. Affected individuals can file amended tax returns to possibly get thousands back.
Key Facts
The U.S. Court of Appeals for the Fifth Circuit reversed a decision regarding self-employment tax in Texas, Louisiana, and Mississippi.
The ruling states that true "limited partners" do not owe self-employment taxes on their partnership income.
A "limited partner" is someone with limited liability in a limited partnership.
Many individuals, such as fund managers and consulting partners, might have overpaid taxes and could receive refunds.
People have to file an amended tax return to get a refund; the deadline is within three years of the original tax filing.
The IRS Tax Withholding Estimator and tax software can help calculate potential refunds.
The court’s decision changes how the IRS can classify limited partners for tax purposes.
Read the Original
Want the full story? Tap a source to open the original
article.
A new free grocery store called "The Polymarket" will open in New York City on February 12. Polymarket, a gambling website, announced the store, which aims to offer free groceries to all New Yorkers. New York City Mayor Zohran Mamdani also plans to open city-run grocery stores in each borough to help lower grocery prices.
Key Facts
"The Polymarket" is New York City's first free grocery store.
The store will open on February 12.
Polymarket, a gambling website, is behind this project.
The store aims to offer free groceries to everyone in New York City.
Mayor Zohran Mamdani intends to open city-run stores in each borough to make groceries more affordable.
The city would cover rent and operating costs for these city-run stores, with groceries sold at wholesale prices.
Polymarket confirmed on social media that the free grocery store is real and under construction.
Read the Original
Want the full story? Tap a source to open the original
article.
Disney announced that Josh D'Amaro will be the new chief executive, replacing Bob Iger. D'Amaro, who has worked at Disney for 28 years and was in charge of its amusement parks, will start the role on March 18.
Key Facts
Disney named Josh D'Amaro as its new chief executive.
He previously led Disney's amusement park business.
Josh D'Amaro has been with Disney for 28 years.
Bob Iger, the current CEO, will be replaced by D'Amaro.
The transition will occur on March 18.
Disney has been focusing on a successful part of its business, amusement parks, while navigating the streaming industry.
Bob Iger has led Disney for around 20 years, except a brief break that ended in 2022.
Read the Original
Want the full story? Tap a source to open the original
article.
Car insurance rates have decreased by 6% on average in the U.S. from 2024 to 2025, with some states experiencing larger declines. Despite this decrease, certain areas like New Jersey and Washington, D.C., saw rate increases.
Key Facts
Car insurance premiums in the U.S. fell by 6% on average from 2024 to 2025.
The national average for full-coverage insurance is $2,144 per year.
States like Wyoming, Iowa, and Arkansas experienced significant decreases, with rates dropping by 30%, 25%, and 23% respectively.
Insurance costs had previously risen by 46% from 2022 to 2024.
This cost increase was partly linked to risky driving after the pandemic.
Some areas, including New Jersey and Washington, D.C., saw rates increase by 20% and 18% respectively.
Insurance companies are lowering rates to attract new customers.
The report forecasts a 1% rise in average premiums this year, with U.S. tariff policy affecting predictions.
Read the Original
Want the full story? Tap a source to open the original
article.
President Donald Trump announced a new trade agreement with India to reduce trade barriers, saying he will lower tariffs on Indian goods from 50% to 18% after India agreed to stop buying Russian oil. Indian Prime Minister Narendra Modi confirmed a tariff reduction but did not mention halting Russian oil purchases or buying more from the US. Details of this agreement remain uncertain, as India has not publicly confirmed all of Trump's claims.
Key Facts
President Trump announced a "trade deal" with Indian Prime Minister Narendra Modi to reduce tariffs between the US and India.
Trump plans to lower US tariffs on Indian goods from 50% to 18%.
Trump stated that India agreed to stop buying oil from Russia.
India has not publicly confirmed stopping Russian oil purchases or increasing US oil purchases.
Modi acknowledged the reduction of tariffs on Indian goods but did not mention any broader agreements.
Trump claimed India would eliminate tariffs on US goods and buy various American products, but this was not confirmed by Modi.
Analysts noted there is no signed agreement, and details remain unclear.
Read the Original
Want the full story? Tap a source to open the original
article.
AG Barr, the company famous for making Irn-Bru, has purchased two other drinks brands, Fentimans and Frobishers, for over £50 million. These acquisitions fit into the company's strategy to offer more non-alcoholic drink options as people are drinking less alcohol. AG Barr reported a strong financial year with increased sales, and aims to keep growing by expanding into these new drink categories.
Key Facts
AG Barr bought Fentimans for about £38 million and Frobishers for £13 million.
Fentimans is known for its botanical and fizzy soft drinks.
Frobishers is a juice business based in Devon.
The deals are part of AG Barr’s plan to focus on non-alcoholic beverages, which are becoming more popular.
AG Barr’s annual revenue grew to approximately £437 million, a 4% increase from the previous year.
Irn-Bru had some growth, while brands like Rubicon and Boost performed well for AG Barr.
The company was founded in Falkirk in 1875 and is now based in Cumbernauld.
AG Barr is expanding into new drink categories, such as plant-based milks and health shots.
Read the Original
Want the full story? Tap a source to open the original
article.
United Airlines announced it will shut down key online services for a few hours early on February 4, 2026, to upgrade its reservation system. During this time, people won't be able to book flights, check in, or view itineraries. United suggests travelers complete any pre-flight tasks before this planned outage.
Key Facts
United Airlines will conduct an online service outage for system upgrades on February 4, 2026.
The outage will last from 2:30 a.m. to 6:00 a.m. EDT (1:30 a.m. to 5:00 a.m. CST).
During these hours, online and mobile booking, check-in, and itinerary retrieval won't be available.
United has removed early morning departures on this day to ease the upgrade process.
The system update involves moving the main reservation system (Shares) to a new facility in Chicago.
Travelers are advised to complete check-ins, bookings, or trip changes before or after the outage.
United has rehearsed the data migration to minimize disruption.
The upgrade aims to improve the reliability of United's reservation system.
Read the Original
Want the full story? Tap a source to open the original
article.
Around one million people in the UK missed the deadline to file their tax returns, potentially leading to penalties. HM Revenue and Customs (HMRC) stated that about 11.5 million tax submissions were made, with some people filing just before the deadline. Late filers face an automatic fine and additional penalties if their taxes remain unpaid.
Key Facts
Approximately one million people in the UK missed the tax return deadline.
The deadline was for the 2024-25 tax returns.
HMRC reported that 27,456 people filed their returns in the final hour.
A total of about 11.5 million tax returns were submitted.
People who missed the deadline face a £100 penalty.
Additional penalties apply if the tax remains unpaid, including daily charges after three months.
Some people automatically have taxes deducted via PAYE and may not need to file.
HMRC will consider reasonable excuses to avoid penalties.
Read the Original
Want the full story? Tap a source to open the original
article.
