Fidelity Investments estimates that retirees will need about $185,000 to cover healthcare costs in retirement. This amount is 7.5% higher than last year’s estimate.
Key Facts
Fidelity Investments provided the new healthcare cost estimate for retirees.
The estimated amount needed is $185,000.
This estimate increased by 7.5% compared to the previous year.
The estimate covers healthcare expenses during retirement.
Rising healthcare costs are a concern for people planning their retirement budgets.
Read the Original
Want the full story? Tap a source to open the original
article.
Ford Motor Company is recalling over 565,000 Ford Broncos and Bronco Raptors from model years 2021 to 2026. The recall is due to a wiring harness in the engine that can short circuit and cause an engine fire risk. Ford will fix the problem by installing new protective covers on the wiring at no cost to owners.
Key Facts
Ford is recalling 565,691 Broncos and Bronco Raptors.
The vehicles affected are from model years 2021 through 2026.
The problem involves a wiring harness in the engine compartment that may short circuit.
About 1% of these recalled vehicles are estimated to have this wiring defect.
Short circuits can cause smoke, warning messages, and sometimes flames near the passenger side engine area.
Ford knows of no accidents or injuries connected to this issue so far.
The repair includes installing new covers to protect the wiring and is free for owners.
Vehicle identification numbers (VINs) and recall details are available on the National Highway Traffic Safety Administration (NHTSA) website.
Read the Original
Want the full story? Tap a source to open the original
article.
A study using Danish data found that people taking GLP-1 drugs had 17% fewer long-term sick leaves. GLP-1 drugs are used to help control blood sugar and support weight loss.
Key Facts
The study was based on data from Denmark.
People using GLP-1 drugs had 17% fewer long-term absences from work.
GLP-1 drugs help manage blood sugar levels and can aid in weight loss.
Long-term sick leave means being away from work for an extended period due to health reasons.
The study suggests that GLP-1 drugs might improve overall health and work attendance.
This finding could impact healthcare and work policies in countries using GLP-1 treatments.
The research provides data but does not explain exactly how GLP-1 drugs reduce sick leave.
Read the Original
Want the full story? Tap a source to open the original
article.
President Donald Trump has introduced new tariffs on many countries, including the UK and the EU, using the claim that some goods are made with forced labour. The EU has a stronger legal ban on forced labour in products, which gives it a better trade deal with the US compared to the UK. This situation puts the UK at a relative disadvantage in trading with the US after Brexit.
Key Facts
President Trump has imposed tariffs on many trade partners, recently using forced labour concerns as a reason.
These tariffs affect goods like footwear and textiles from the UK and the EU.
The EU has passed a ban on forced labour goods, improving its trade position with the US.
The UK has not passed a similar ban and faces higher effective tariffs on some goods.
The UK government has made side deals on medicines, steel, aluminum, cars, and whisky to soften tariff impacts.
The UK's total trade tariff rate with the US may be higher than the EU’s after these changes.
The US is targeting China’s Xinjiang province with these forced labour rules, affecting global trade politics.
The UK is balancing its trade relations with China while considering how to address forced labour issues.
Read the Original
Want the full story? Tap a source to open the original
article.
A pair of wide-legged trousers sold by Zara has caused injuries because wearers trip over the long pant legs. Despite warnings and social media videos showing accidents and broken bones, the trousers remain popular and sell well.
Key Facts
Zara sells wide-legged trousers for £25.99 that some customers have nicknamed “Zara death pants” due to injuries caused by tripping.
Videos on social media show people falling, breaking bones, and hurting themselves while wearing the trousers.
Physiotherapists say loose or long clothing like these trousers and high heels can cause balance problems and injuries.
Wide-legged trousers are also popular at other retailers and trending in sales, especially linen styles.
Zara describes the trousers as “longer than usual” and loose, with lengths around 108-109cm.
The average UK woman’s height is about 162.5cm, but much taller “fit models” are often used to design clothing, which can lead to sizing problems.
A tailor explained that trousers must be sized according to individual body measurements for safety and comfort.
Fashion has a history of clothing styles that limit movement or cause hazard, such as very tight skirts in the early 1900s.
Read the Original
Want the full story? Tap a source to open the original
article.
American Express reported an 8% increase in its second-quarter profit compared to last year, earning $4.53 per share, which was higher than expected. The rise was driven by more customer spending, fewer late payments, and growth in premium credit card sign-ups.
Key Facts
American Express earned $3.11 billion in profit for Q2, up from $2.89 billion a year earlier.
Earnings per share were $4.53, beating analysts’ prediction of $4.40 per share.
Customers increased their average spending on AmEx cards to $6,759, up from $6,393.
The company added 3 million new customers in the quarter, with 75% choosing cards that charge a yearly fee.
AmEx’s expenses rose by 12%, mainly due to higher marketing costs and updating their credit card products.
The company raised its revenue forecast for the year but kept its profit forecast the same because of planned higher spending.
AmEx plans to invest more in technology, including artificial intelligence, to improve services.
The company faces more competition from high-end credit card products by other major banks like JPMorgan Chase and Citigroup.
Read the Original
Want the full story? Tap a source to open the original
article.
If your certificate of deposit (CD) account matures this August, it is important to plan carefully before renewing or moving your money. Comparing rates and considering other account types, like high-yield savings or money market accounts, can help you make better financial decisions in today’s economy with high interest rates and inflation.
Key Facts
A CD locks your money for a set time and pays fixed interest, protecting your original deposit.
When a CD matures, you can withdraw your money or roll it over into a new account.
Many banks automatically renew CDs at possibly different rates after a short grace period.
Avoid automatically renewing your CD with the same bank without checking other banks’ offers.
Other accounts like high-yield savings or money market accounts might offer competitive rates with more flexibility.
Interest rates and economic conditions have changed since you opened the CD, so reviewing options is wise.
Consider changing how much money you deposit based on your current financial goals and needs.
Comparing rates now can help you earn more interest and keep better control of your money.
Read the Original
Want the full story? Tap a source to open the original
article.
Prime Minister Andy Burnham has announced around £1.5 billion in government spending to address issues like rough sleeping, electricity bills, bus fares, and business rates for pubs. Some of this spending is funded, while other parts will require future budget adjustments or savings.
Key Facts
Burnham aims to end rough sleeping in England, spending £340 million over five years, funded from existing housing budgets.
A VAT cut on domestic electricity bills will cost £850 million in 2026-27 and is currently unfunded; it is planned to be partially offset by scrapping a digital ID scheme.
Bus fares outside London will be capped at £2 starting January 2027, costing more than £500 million, mostly funded by replacing grants with loans.
Business rates for pubs, clubs, and live music venues in England will be cut by 20% from April 2027, at an estimated cost of £100 million per year.
Funding for the pub business rates cut will come from reviewing reliefs for some businesses, like vape shops, but exact details are unclear.
The digital ID scheme, which had been proposed to fund part of the VAT cut, was itself noted as unfunded by the official spending watchdog.
Some of Burnham’s policies rely on uncertain loan repayments and future budget decisions to be fully paid for.
The government is continuing some previously announced support for pubs alongside these new measures.
Read the Original
Want the full story? Tap a source to open the original
article.
Texas manufacturing is growing almost twice as fast as the national average, with the state’s $300 billion industry expanding despite trade challenges. This growth drives strong demand for local construction companies that can handle complex, precise, and timely projects for new factories and commercial sites.
Key Facts
Texas has over 25,000 manufacturing companies and a $300 billion manufacturing sector.
Manufacturing growth in Texas is nearly twice the national rate in 2024.
Investments are being made in AI infrastructure, data centers, and commercial campuses in Texas.
New manufacturing projects require specialized contractors who can meet tight deadlines and strict standards.
Developers now value contractors for reliability, local sourcing, and experience more than just low prices.
Northwest Fence & Iron is a Texas company with 30+ years of experience focused on precise, durable commercial projects.
Caleb Wood, president of Northwest Fence & Iron, highlights the importance of trust and human relationships in business.
The industry has changed with more competition and a shift away from overseas manufacturing to local supply chains.
Read the Original
Want the full story? Tap a source to open the original
article.
Putting $40,000 into a 2-year certificate of deposit (CD) now can earn around $3,400 to $3,500 in interest by the time it matures. This type of account offers a fixed interest rate and protects the original money, but the money cannot be taken out early without possible fees.
Key Facts
A 2-year CD offers a fixed interest rate, currently around 4.15% to 4.30%.
Investing $40,000 in such a CD can earn between $3,388.89 and $3,513.96 in interest after two years.
CDs protect the principal amount from market changes.
Unlike variable rate accounts, CD interest rates do not change during the term.
Savers must keep their money in the CD for the full two years to avoid withdrawal penalties.
Interest earned from CDs is guaranteed if the money is kept until maturity.
High-yield savings and money market accounts offer access to funds but have changing interest rates.
Online marketplaces can help savers find the best CD rates available.
Read the Original
Want the full story? Tap a source to open the original
article.
A major UK union has urged Andy Burnham to give a £2.4 billion military satellite contract to Airbus, a European company that designs and builds satellites in the UK, instead of to the American company Lockheed Martin. The decision will affect jobs and British industry, as the contract supports the UK Ministry of Defence’s new satellite system to transmit sensitive data.
Key Facts
The contract is for the Skynet 6 wideband satellite system, made up of two satellites in geostationary orbit.
Airbus designs and builds satellites in Stevenage and Portsmouth in the UK and has built UK military satellites for many years.
Unite union general secretary Sharon Graham warned that choosing Lockheed Martin would risk 600 British jobs.
Lockheed Martin plans to create about 500 jobs in north-east England and 1,500 additional supply chain jobs.
Lockheed promises to keep any new technology created in the UK but relies on American intellectual property.
The UK government may decide by August 1 on which company will get the contract.
Choosing Lockheed Martin could cause Airbus to move satellite production out of the UK.
Airbus is part of a planned merger with other European space companies from France and Italy.
Read the Original
Want the full story? Tap a source to open the original
article.
There is a deadline approaching soon for people to file a claim to receive money from a $2.5 billion settlement related to Amazon Prime. Individuals can get up to $51 if they submit their claim before the deadline.
Key Facts
The settlement amount is $2.5 billion.
It is connected to Amazon Prime.
Eligible people can receive up to $51 each.
A deadline is set for filing claims.
Only claims filed before the deadline will be accepted.
The article serves as a reminder to take action soon.
Read the Original
Want the full story? Tap a source to open the original
article.
The cost of living for pensioners in Jersey is rising faster than the overall inflation rate. Heating oil and other fuels have become much more expensive, driving up inflation for pensioner households to 4.7%, which is higher than the island’s general inflation rate of 2.8%.
Key Facts
Inflation for pensioner households reached 4.7%, higher than Jersey’s overall rate of 2.8%.
Prices for heating oil and other fuels increased by 53.5% over the year.
Domestic services like gardening and cleaning rose in price by 14.8%.
Overall inflation on the island increased slightly from 2.7% in March to 2.8% in June 2025.
Food prices went up by 3.5%, with lamb rising 12.7%, milk products 11.8%, and eggs 8.7%.
Motoring costs rose by 4.5%, and fuel plus light prices climbed 9.9%, partly due to energy market changes from the conflict involving Iran.
Inflation for low-income households was 3.6%, lower than for pensioners but above the island-wide average.
Household services contributed the most to inflation, rising 5.6% and adding 0.6 percentage points to overall inflation.
Read the Original
Want the full story? Tap a source to open the original
article.
Ariana Grande has created the Brighter Days Ahead Foundation to support causes like LGBTQ+ rights, mental health, and immigrant rights. She uses her current tour to raise funds and promote local nonprofits, combining her music events with philanthropy in a new, organized way.
Key Facts
Ariana Grande founded the Brighter Days Ahead Foundation in May to focus on social causes she supports.
The foundation supports LGBTQ+ rights, reproductive health, immigrant rights, and mental health initiatives.
Grande previously gave money quietly and occasionally to different causes, including hospitals and transgender youth.
She integrates fundraising into her Eternal Sunshine Tour by featuring nonprofits at each tour stop and showing their names on arena screens.
Fans can donate to these nonprofits and enter a drawing to win concert tickets.
Grants announced so far come from Grande’s personal donations; tour fund distributions to nonprofits have not started yet.
Trans Lifeline, a crisis hotline for transgender people, received $125,000 from Grande’s support to expand microgrants and improve services.
Celebrity philanthropy today benefits from social media, allowing stars to share their work directly with fans and reach large audiences.
Read the Original
Want the full story? Tap a source to open the original
article.
Maserati introduced its 2027 car models in Italy, presenting updated versions of the GranTurismo, GranCabrio, and Grecale. The new designs emphasize Italian style, comfort, and improved performance, including a more powerful engine in the Trofeo versions.
Key Facts
Maserati held its 2027 model launch near Trieste, Italy.
The brand focuses on Italian design values such as elegance, proportion, and emotional experience.
The new car designs are inspired by a track-only model, allowing more design freedom.
The GranTurismo and GranCabrio now have a more confident and purposeful look.
The Grecale's design includes functional features like an air curtain for better performance.
The Trofeo version of the 3.0-liter Nettuno V6 engine now produces 582 horsepower, 40 more than before.
Top speeds are about 199 mph for the GranTurismo and 196 mph for the GranCabrio.
Maserati aims to blend comfort and everyday usability with exciting performance.
Read the Original
Want the full story? Tap a source to open the original
article.
President Donald Trump has placed new tariffs on China and 59 other countries to stop imports made with forced labor. China has protested these tariffs, saying such trade conflicts do not help anyone. The tariffs rely on a specific U.S. law that targets unfair foreign trade practices.
Key Facts
The tariffs apply to countries, including China and Hong Kong, at a 12.5 percent rate on certain imports.
The tariffs target forced labor, which is labor done under coercion or unfair conditions that reduce production costs.
These tariffs use Section 301 of the Trade Act of 1974, a law that lets the president act against unfair foreign trade practices.
Earlier tariffs placed under a different legal authority were struck down by the U.S. Supreme Court.
China has criticized the tariffs, warning that trade wars do not benefit either side.
Despite disappointment, China and other affected countries are unlikely to respond with retaliatory tariffs.
China already faces high U.S. tariffs totaling about 55 percent on many goods from earlier trade tensions.
Experts say affected countries may try to reduce their trade dependence on the U.S. by making deals with other countries.
Read the Original
Want the full story? Tap a source to open the original
article.
Preston Bus has not yet decided whether to join the new government plan to cap bus single fares at £2 starting in January because it has not been told how it will be paid back for the lost fare money. The company left the previous £3 fare cap scheme in January and currently charges £3.50 for standard adult single tickets. The government’s new scheme will run through 2027 and has £400 million set aside, but details on reimbursements to bus companies are still unclear.
Key Facts
Preston Bus currently charges £3.50 for a standard adult single fare.
The previous government scheme capped fares at £3, but participation was voluntary and Preston Bus left that scheme in January.
The new government scheme will cap bus single fares at £2 starting January and will run through 2027.
The government has allocated £400 million to support the new fare cap scheme.
Preston Bus has not received information on how it will be reimbursed under the new £2 fare cap plan.
The company says fare caps must be fully funded for operators to join.
The new £2 fare cap aims to help passengers, especially in rural areas where fares tend to be higher.
Preston Bus also stopped some off-peak services this year due to lower reimbursement and rising costs.
Read the Original
Want the full story? Tap a source to open the original
article.
The United States is experiencing a massive transfer of wealth, estimated at $124 trillion, expected to happen by 2048. This change is causing families and advisors to focus more on physical assets like jewelry, which often have complex financial and personal importance but lack proper documentation.
Key Facts
About $124 trillion in wealth will be transferred through estates, heirs, spouses, and charities by 2048.
Families and advisors are paying more attention to physical items such as businesses, art, collectibles, and jewelry.
Jewelry is a unique asset because it has both monetary value and sentimental meaning.
Many jewelry collections passed through estates lack clear records and ownership history.
Krista Cavanaugh, a jewelry advisor, says this lack of documentation makes managing jewelry in estates complicated.
Jewelry often enters estates through multiple gifts and events, making tracking difficult.
Poor documentation can cause disputes during legal processes like probate and insurance review.
Jewelry’s portability increases risks of it being lost, altered, or sold before inventories are made.
Read the Original
Want the full story? Tap a source to open the original
article.
President Donald Trump has introduced new US tariffs aimed at countries using forced labour. While the overall tariff rate for UK goods stays the same, the EU’s tariff has been lowered to 10%, giving EU businesses an advantage over UK companies in some sectors. A separate deal is expected to eliminate US tariffs on Scottish whisky, benefiting the UK in that area.
Key Facts
President Trump announced new US tariffs targeting forced labour on Thursday.
The EU’s tariff rate was cut from 15% to 10%, while the UK tariff rate remains at 10%.
The EU gains extra tariff exemptions on goods like cork, diamonds, aircraft parts, and medicines.
The tariff changes disadvantage UK goods such as clothing, bikes, chemicals, and beverages compared to the EU.
Scottish whisky is expected to face zero US tariffs, helping UK producers over Irish and French rivals.
The UK government says there is no negative change for UK businesses and welcomes improvements in whisky and medical tech tariffs.
UK business groups call for ongoing negotiations to lower tariffs and express concerns about lost advantages.
The EU disagrees with the forced labour investigation that led to the tariff changes.
Read the Original
Want the full story? Tap a source to open the original
article.
Sky Three Residence Club in Brooklyn, New York, offers residents a unique quarter-mile running track on its rooftop. The building includes many wellness and lifestyle amenities, such as a large pool, sports courts, fitness center, and other facilities designed to promote health and relaxation.
Key Facts
Sky Three is located at 532 Neptune Avenue, near Coney Island in Brooklyn.
It has the only rooftop residential running track in New York City, about a quarter-mile long.
The running track is five floors above street level, providing a quieter environment.
Amenities include Brooklyn’s largest residential pool, pickleball and basketball courts, a yoga studio, saunas, and a massage room.
Other features are an arts and crafts studio, outdoor playground, coffee shop, pet spa, bicycle storage, and parking with 150 electric vehicle chargers.
The building opened in November 2025.
The developer is Cammeby's International, which aims to integrate wellness into daily life.
Similar wellness-focused residences are being built, but none have a rooftop running track like Sky Three.
Read the Original
Want the full story? Tap a source to open the original
article.
