Account

The Actual News

Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Charity shortlisted after helping keep  homes warm

Charity shortlisted after helping keep homes warm

Summary

A charity called Severn Wye has been shortlisted for an award after helping low-income households keep warm during winter by providing grants for energy bills. The project, aimed at improving health by reducing the need for hospital visits, was part of a government-funded initiative. The charity's efforts have shown positive results, including fewer doctor visits for some patients.

Key Facts

  • Severn Wye is a charity in Gloucestershire that helps homes stay warm during winter.
  • The charity started a project called Warm Homes Prescription in 2022.
  • They provide grants to people with health conditions who are on low incomes to help pay energy bills.
  • The aim is to prevent hospital visits by keeping homes warm.
  • Anton Hammer, a 72-year-old man, benefited from the project and now has fewer doctor visits.
  • The scheme runs alongside the NHS Retrofit project, funded by the NHS Gloucestershire Integrated Care Board.
  • Severn Wye's project is a finalist in the Health Service Journal Partnership Awards.
  • Winners of the awards will be announced in March.

Source Verification

Airlines Lean In On Local Barbecue For In-Flight Meals

Airlines Lean In On Local Barbecue For In-Flight Meals

Summary

Delta Air Lines and American Airlines are adding popular local barbecue dishes to their in-flight menus. Delta offers a barbecue dish from Atlanta, while American Airlines will soon provide Texas barbecue from a Dallas restaurant.

Key Facts

  • Delta Air Lines and American Airlines are offering barbecue meals on their flights.
  • Delta serves a short rib dish from Fox Bros. Bar-B-Q in Atlanta.
  • From February, American Airlines will serve Pecan Lodge’s Texas barbecue.
  • American Airlines' new offerings will be available on flights from Dallas to New York.
  • The barbecue meals are preorder-only and available in First Class.
  • Delta also includes other local dishes depending on the flight's origin.

Source Verification

US Cattle Farmers Raise Alarm Over China Tariffs

US Cattle Farmers Raise Alarm Over China Tariffs

Summary

U.S. cattle farmers are worried about new tariffs that China has placed on American beef imports. These tariffs, set to start in 2026, are part of ongoing trade tensions between the U.S. and China. Farmers are concerned about higher costs and limited market access due to these tariffs.

Key Facts

  • China announced a 55% tariff on U.S. beef imports starting January 1, 2026.
  • The U.S.-China tariff battle began when President Donald Trump returned to office.
  • The Trump administration has imposed tariffs on several Chinese industries.
  • China responded with tariffs on U.S. products like agriculture and technology.
  • The National Cattlemen’s Beef Association is closely monitoring China's policies.
  • Farmers claim these tariffs create uncertainty and financial pressure.
  • The U.S. beef market is also affected by the consolidation of large meat companies, which reduces farmers' profits.
  • U.S. cattle producers want to expand and secure market access to China and other countries.

Source Verification

Chocolate Recalled Nationwide as Warning Issued

Chocolate Recalled Nationwide as Warning Issued

Summary

A nationwide recall has been issued for a batch of Spring & Mulberry Mint Leaf Date Sweetened Chocolate Bars due to potential Salmonella contamination. The recall affects lot #025255, and the FDA is overseeing the process to ensure public safety.

Key Facts

  • The recall is for Spring & Mulberry's Mint Leaf Date Sweetened Chocolate Bar, size 2.1 oz.
  • Salmonella can cause symptoms like diarrhea, fever, and stomach cramps.
  • No illnesses linked to the product have been reported as of the recall date.
  • The recall involves lot #025255, identified on the packaging.
  • The chocolate bars were sold nationwide via online and retail outlets starting September 15, 2025.
  • Spring & Mulberry initiated the recall after third-party testing found potential contamination.
  • Consumers should dispose of affected bars and can request refunds through the company.
  • The FDA provides updates and consumer guidance on recalls through its online portal.

Source Verification

Potential New Fed Chair Rick Rieder Speaks Out On ‘Drama’ Surrounding Role

Potential New Fed Chair Rick Rieder Speaks Out On ‘Drama’ Surrounding Role

Summary

Rick Rieder, a BlackRock executive, is a potential candidate to become the next Federal Reserve Chair. He commented on the ongoing discussions and issues surrounding the role, stressing the importance of making decisions based on data. The current Fed Chair, Jerome Powell, is under investigation by the Trump administration related to his actions and statements about interest rates.

Key Facts

  • Rick Rieder works for BlackRock as the Chief Investment Officer of global fixed income.
  • Rieder is a candidate for the Federal Reserve Chair position once Jerome Powell's term ends in May.
  • The Trump administration is investigating Jerome Powell, focusing on his testimony about the Fed's building renovations.
  • Powell described the investigation as a tactic to pressure him to cut interest rates.
  • The Department of Justice has issued subpoenas to the central bank.
  • Rieder acknowledged reports of him being a finalist for the Fed Chair role but did not confirm an upcoming interview with President Trump.
  • Four finalists are reportedly in consideration for the Federal Reserve Chair position.

Source Verification

Why are more bosses sharing the top job?

Why are more bosses sharing the top job?

Summary

More companies are using a co-CEO structure, where two people share the top executive role. This approach has grown from 11 companies in 2015 to 24 in 2024 in the Russell 3000 group. Co-CEOs help divide responsibilities, preventing burnout and allowing each to focus on their strengths.

Key Facts

  • Board Intelligence has had co-CEOs Jennifer Sundberg and Pippa Begg leading the company.
  • The number of companies with co-CEOs increased from 11 in 2015 to 24 in 2024 in the U.S.'s biggest public companies.
  • Major firms such as Oracle, Comcast, and Spotify appointed co-CEOs in 2024.
  • Top executives face burnout; 56% reported feeling burnt out in 2024.
  • Co-CEO roles can help executives take more personal time, like vacations or maternity leaves.
  • A study highlights that 60% of CEOs spend too little time with their families.
  • A co-CEO setup allows each leader to play to their personal strengths and divide tasks efficiently.
  • Female CEOs often take minimal maternity leave; co-CEO roles support extended maternity leave without job risks.

Source Verification

Trump warns of 'mess' ahead of legal ruling on tariffs

Trump warns of 'mess' ahead of legal ruling on tariffs

Summary

President Donald Trump is concerned that the U.S. Supreme Court might rule against his tariffs, which could cause significant issues if businesses start claiming refunds. He argues that a negative ruling would make it difficult and costly to manage, potentially disrupting financial plans. Opponents argue that the tariffs exceed presidential authority and await the court's decision on their legality.

Key Facts

  • President Trump is worried about a Supreme Court decision that could overturn his tariffs.
  • If overturned, businesses may demand refunds, which Trump warns could be complicated.
  • Trump's tariffs are being challenged by small businesses and several U.S. states.
  • Critics say these tariffs exceed the president's authority under U.S. law.
  • The tariffs have brought in over $130 billion but are a fraction of total government revenue.
  • Two lower courts have previously ruled Trump lacked authority for these tariffs.
  • The Supreme Court has a conservative majority that is currently reviewing the case.
  • The White House is considering other legal options if the court ruling is unfavorable.

Source Verification

How Trump's credit card pitch could save Americans billions

How Trump's credit card pitch could save Americans billions

Summary

President Trump suggests capping credit card interest rates at 10%, which he believes could save Americans billions of dollars. This idea is popular among some consumer advocates but faces opposition from banks and has low chances of becoming law without new legislation. The proposal comes amid concerns about high interest rates and credit card fees in the U.S.

Key Facts

  • President Trump proposes a 10% cap on credit card interest rates.
  • Analysis suggests a 10% cap could save Americans $100 billion.
  • The current average interest rate on credit cards is 25.2%.
  • Banks argue the cap could limit credit availability and reduce rewards programs.
  • The proposal requires new legislation, which is unlikely to pass.
  • Past similar bills, like one from Senators Sanders and Hawley, have not progressed in Congress.
  • Interest rates on credit cards rose sharply, and annual interest fees in 2024 were $160 billion.
  • Critics worry a cap could push consumers to use higher-cost options.

Source Verification

Powell pushes back as Trump's DOJ launches unprecedented investigation into Fed

Powell pushes back as Trump's DOJ launches unprecedented investigation into Fed

Summary

The U.S. Department of Justice has started a criminal investigation into the Federal Reserve and its leader, Jerome Powell. Powell stated he will not give in to any political pressure while making decisions about the economy.

Key Facts

  • The Department of Justice is investigating the Federal Reserve and its chairman, Jerome Powell.
  • This investigation is described as criminal and unprecedented.
  • Jerome Powell has stated he will not yield to political pressure.
  • President Trump is involved in this situation, as Powell sees the investigation as a threat from him.
  • Amna Nawaz reported on these developments.

Source Verification

Trump's intimidation of Fed's leadership threatens economic stability, Yellen says

Trump's intimidation of Fed's leadership threatens economic stability, Yellen says

Summary

President Trump and his Justice Department are involved in a criminal investigation related to Federal Reserve Chair Jerome Powell. Former Treasury Secretary Janet Yellen has spoken about these developments and their potential impact on economic stability.

Key Facts

  • President Trump is involved in a criminal investigation concerning the Federal Reserve.
  • Jerome Powell is the Chair of the Federal Reserve.
  • The investigation is being conducted by the Trump Justice Department.
  • Janet Yellen, who was Chair of the Federal Reserve from 2014 to 2018, discussed the situation.
  • Yellen also served as Treasury Secretary under President Biden.
  • The discussion focuses on the potential impact on economic stability.

Source Verification

A $400,000 payout after Maduro's capture put prediction markets in the spotlight. Here's how they work

A $400,000 payout after Maduro's capture put prediction markets in the spotlight. Here's how they work

Summary

Prediction markets are platforms where people can bet on the outcome of events, like elections or sports games. Recently, a trader won over $400,000 by betting on the removal of Venezuelan leader Nicolás Maduro, raising questions about possible insider trading.

Key Facts

  • Prediction markets allow people to place bets on different events, from sports to political outcomes.
  • Nicolás Maduro, the former president of Venezuela, was captured after a raid.
  • A trader won more than $400,000 by betting on Maduro's removal.
  • The bets were placed on a platform called Polymarket.
  • The trader's bets were placed just hours before President Trump announced the raid on Maduro.
  • The timing of the trader's bets raised suspicions of insider trading.
  • Polymarket did not comment on the situation.

Source Verification

Former Fed chairs condemn criminal investigation into Jerome Powell

Former Fed chairs condemn criminal investigation into Jerome Powell

Summary

Three former heads of the U.S. central bank, including Janet Yellen, have criticized a criminal investigation into Federal Reserve Chair Jerome Powell. They argue that this investigation threatens the independence of the Federal Reserve. The probe reportedly relates to testimony Powell gave about building renovations at the Federal Reserve.

Key Facts

  • Three former Federal Reserve chairs, including Janet Yellen, criticized the investigation into Jerome Powell.
  • The criticism came from a group of 10 economic policy leaders, including former Treasury Secretaries.
  • The group argues the investigation threatens the Federal Reserve's independence.
  • Jerome Powell stated the investigation follows his Senate testimony about Federal Reserve building renovations.
  • Powell believes the investigation is linked to President Trump's criticism over interest rate decisions.
  • President Trump has publicly pressured Powell to lower interest rates.
  • Trump has considered firing Powell, but he has not acted on this idea.
  • The Department of Justice was contacted for comment on the investigation.

Source Verification

Taco Bell Announces Big Menu Change

Taco Bell Announces Big Menu Change

Summary

Taco Bell is bringing back the Quesarito with a new Volcano Sauce, starting from January 8. This move aims to attract more customers by introducing a fresh menu option, which aligns with the trend of fast-food chains offering new items to draw in diners.

Key Facts

  • Taco Bell is reintroducing the Quesarito with a new spicy Volcano Sauce.
  • The Volcano Quesarito will appear on the menu starting January 8 and costs $4.99.
  • Rewards members can access a special Volcano-style menu through the Taco Bell app.
  • The Volcano Sauce is described as a creamy blend of cheese and spices.
  • Taco Bell also offers other items with the Volcano Sauce like Volcano Crunchy Taco, Volcano Crunchwrap, and Volcano BellGrande.
  • The move is part of a trend where fast-food chains create new menu items to attract more customers.
  • Financial experts note that these new products target budget-conscious consumers looking for new dining experiences.

Source Verification

Second nuclear reactor arrives at Hinkley Point C

Second nuclear reactor arrives at Hinkley Point C

Summary

The second nuclear reactor has arrived at the Hinkley Point C power station in the UK. This marks a significant step in the construction of the power station, which will eventually generate electricity for about three million homes.

Key Facts

  • The second reactor arrived in the UK from France and was moved to the Hinkley Point C site in Somerset.
  • The reactor is a large steel cylinder, weighing 500 tonnes and measuring 13 meters long.
  • The first reactor was delivered in 2023; both use nuclear fission to create heat and steam for turbines.
  • Once operational, the station's two reactors will supply power continuously to about three million homes.
  • The construction at Hinkley Point C is scheduled to peak within 18 months, involving around 15,000 workers.
  • The project's cost has increased to £46 billion from an original estimate of £18 billion in 2017.

Source Verification

Subsidies Are Not Health Care Reform | Opinion

Subsidies Are Not Health Care Reform | Opinion

Summary

The expiration of certain Affordable Care Act (ACA) subsidies has brought health care costs into focus. The government is paying slightly less of health insurance premiums now that temporary pandemic-era subsidies have ended, especially affecting higher-income households. The article argues that these subsidies only address symptoms rather than the underlying causes of rising health care costs.

Key Facts

  • Some ACA subsidies expanded during the pandemic expired at the end of 2025.
  • The federal government's share of premium costs decreased from 88% to 83%.
  • Lower-income individuals continue to receive substantial ACA subsidies.
  • Middle- and higher-income households experienced the greatest impact from these changes.
  • Rising premiums create financial stress but extending subsidies doesn't lower overall health care costs.
  • The ACA expanded coverage but struggled to control the prices consumers and insurers pay.
  • Subsidies can hide true insurance costs and weaken competition's ability to limit price rises.
  • Effective reform would address the power dynamics in health care markets and promote genuine competition.

Source Verification

Message to Mamdani: Colonial America Twice Failed With 'Community Property'

Message to Mamdani: Colonial America Twice Failed With 'Community Property'

Summary

Category: business The article discusses historical attempts in early America to implement collective property ownership, which did not succeed. It explains that initial settlers in Jamestown and Plymouth experimented with shared land and resources, but this approach led to poor outcomes like starvation and laziness until they adopted private land ownership, improving productivity.

Key Facts

  • Cea Weaver, a New York City housing appointee, suggested transitioning to a collective property model.
  • Early settlers in Jamestown, Virginia, tried a collective property system in the 1600s.
  • This communal approach in Jamestown led to high levels of starvation and death.
  • Settlers did not work effectively under the shared system, leading to a lack of food.
  • Assigning private land to settlers increased productivity significantly.
  • After moving to a private property system, Jamestown settlers grew tobacco, a profitable crop.
  • A similar collective model was attempted by settlers in Plymouth, Massachusetts, but faced challenges.

Source Verification

WATCH: Powell vows to stand firm against 'unprecedented' Trump administration indictment threats

WATCH: Powell vows to stand firm against 'unprecedented' Trump administration indictment threats

Summary

The U.S. Department of Justice has issued subpoenas to Federal Reserve Chair Jerome Powell regarding his testimony about the Federal Reserve's office building renovations. This legal action is part of a conflict between President Trump and the Federal Reserve over interest rate policies.

Key Facts

  • Federal Reserve Chair Jerome Powell received subpoenas from the Department of Justice.
  • The subpoenas are related to his testimony about the Fed's renovations of two office buildings.
  • The renovations cost $2.5 billion, which President Trump has called excessive.
  • President Trump has critiqued the Fed for not reducing its key interest rate enough.
  • The situation represents an unprecedented clash between President Trump and the Federal Reserve.
  • Financial markets may react negatively to this news, possibly affecting loan interest rates.

Source Verification

Why the Federal Reserve's independence from the White House matters

Why the Federal Reserve's independence from the White House matters

Summary

The Justice Department has threatened the Federal Reserve with criminal charges over testimony by its Chair, Jerome Powell. President Trump has criticized Powell and tried to exert control over the Federal Reserve by pushing for lower interest rates and criticizing its renovation spending. Maintaining the Federal Reserve's independence is considered crucial for the economy, as it allows the central bank to make decisions without political pressure.

Key Facts

  • The Justice Department threatened criminal charges against Federal Reserve Chair Jerome Powell.
  • President Trump has criticized Powell for not cutting interest rates more.
  • Trump has also accused Powell of mismanaging a $2.5 billion renovation at the Federal Reserve.
  • The Federal Reserve's independence lets it manage interest rates to control inflation and economic growth without political interference.
  • Independent central banks can make unpopular decisions, like raising interest rates to control inflation.
  • An effort to fire Powell could negatively impact the stock market and increase borrowing costs.
  • The significance of the Federal Reserve's independence became clear after high inflation in the 1970s and early 1980s.

Source Verification

Exclusive: Former Fed Chair Calls Powell Probe ‘Politically Motivated’

Exclusive: Former Fed Chair Calls Powell Probe ‘Politically Motivated’

Summary

The U.S. Department of Justice is investigating Federal Reserve Chair Jerome Powell, which former Fed Chair Janet Yellen and others claim is driven by political motives from President Trump. The investigation focuses on Powell's Senate testimony and the cost of renovations at the Federal Reserve's offices. Critics say this is an attempt to threaten the Fed's independence from presidential influence.

Key Facts

  • Janet Yellen, a former Federal Reserve chair, criticized the DOJ investigation into current Fed Chair Jerome Powell as politically motivated.
  • The DOJ issued subpoenas and threatened Powell with a criminal indictment concerning his Senate testimony and renovation costs of Fed buildings.
  • The Federal Reserve set interest rates independently, which Powell says should serve the public interest, not presidential preferences.
  • President Trump has denied involvement in the probe but has previously criticized Powell for not cutting interest rates more aggressively.
  • Some lawmakers believe the investigation aims to undermine the Federal Reserve's independence.
  • Renovation costs for the Fed's D.C. offices increased from $1.9 billion in 2019 to $2.5 billion in the 2025 budget.
  • Critics argue that the DOJ's actions may intimidate the Fed and disrupt the economy.
  • Powell insists the investigation is not actually focused on the Senate testimony or building renovations.

Source Verification

Heineken boss steps down as beer sales slow

Heineken boss steps down as beer sales slow

Summary

The head of Heineken is leaving his position after six years because the company is experiencing slow beer sales. The company has faced challenges like people choosing non-alcoholic drinks more often and higher product costs. Heineken's sales, especially in Europe and the US, have dropped, leading to a profit warning.

Key Facts

  • Dolf van den Brink, Heineken's CEO, is stepping down after six years.
  • Heineken's beer sales are dropping; sales decreased by 2.3% up to October.
  • Heineken is affected by more people choosing no or low-alcohol drinks.
  • The company's sales in Europe and the US are particularly weak.
  • Heineken's non-alcoholic beer, Heineken 0.0, also saw a decline in sales.
  • There is growth in markets like Mexico and China for Heineken products.
  • Heineken's share price fell by about 3% after announcing the CEO's departure.
  • Analysts say Heineken must improve its image and advertising to boost sales.

Source Verification