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Business news, market updates, and economic developments

How Lean In Is Teaching Girls to Fail, Lead and Push Back

How Lean In Is Teaching Girls to Fail, Lead and Push Back

Summary

The Lean In organization, started by Sheryl Sandberg, has launched a program to help girls aged 11 to 15 develop leadership skills and challenge stereotypes. The program aims to empower young women by teaching them to recognize their strengths, overcome biases, and become leaders in their communities.

Key Facts

  • Sheryl Sandberg started the Lean In movement with her book in 2013.
  • The new program targets girls aged 11 to 15.
  • It teaches girls to build confidence and leadership skills.
  • The program challenges stereotypes and promotes setting healthy goals.
  • It helps girls overcome biases and barriers to success.
  • Lean In Girls encourages girls to become allies and create a more equitable world.
  • Archana Gilravi oversees the Lean In Girls program.
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Will House Prices Fall in 2026?

Will House Prices Fall in 2026?

Summary

Home prices in the U.S. are still rising, though at a slower pace than before. In 2025, challenges such as high prices and borrowing costs have made homeownership difficult, resulting in fewer sales. Some regions with more homes for sale are seeing prices drop, especially where new homes were built during the pandemic.

Key Facts

  • U.S. median home sale price in early December 2025 was $389,123, a 2% increase from the previous year.
  • Median asking price for homes was $382,535, up 2.6% from a year earlier.
  • Home prices rose 60% nationwide since 2019, creating affordability issues.
  • Homeownership rates dropped to 65% in the second quarter of 2025, the lowest since 2019.
  • In 2025, home sales fell during traditionally busy months, spring and summer.
  • Improved inventory in 2025 gave buyers more options and negotiable prices.
  • States like Florida and Texas, with many new homes, saw year-over-year price drops.
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I have no regrets - What to do with unwanted Christmas presents

I have no regrets - What to do with unwanted Christmas presents

Summary

The article talks about creative ways to handle unwanted Christmas gifts. People are considering regifting, hiding evidence of regifting, or selling gifts online to avoid waste. These practices help manage resources better and keep presents from ending up in landfills.

Key Facts

  • Many people end up with Christmas gifts they don't need, like clothes that don't fit or unwanted perfumes.
  • Regifting is a popular option; it's when you give a received gift to someone else who might like it more.
  • Regifting can help keep gifts from being tossed into landfills, saving an estimated £42 million in unwanted gifts in the UK yearly.
  • To avoid awkward situations, experts recommend removing any personal notes or labels from regifted items.
  • Selling unwanted gifts online is another option, with platforms like eBay and Vinted seeing increased listings right after Christmas.
  • These methods are seen as budget-friendly during economic challenges and help keep homes clutter-free.
  • The first Sunday after New Year's often sees a spike in online listings for reselling unwanted presents.
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Most returned Christmas gifts: What shoppers send back after the holidays

Most returned Christmas gifts: What shoppers send back after the holidays

Summary

After Christmas, many people return gifts they don't want, which creates a busy period for retailers dealing with these returns. Commonly returned items include clothing, accessories, and electronics due to issues like size mismatches or duplicates. Retailers are using artificial intelligence (AI) to try to reduce the number of returns by helping shoppers choose better before buying.

Key Facts

  • Americans return tens of billions of dollars worth of Christmas gifts each year.
  • Returns increase by 25% to 35% after December 26, according to Adobe Analytics.
  • Commonly returned items include clothing, shoes, accessories, and electronics.
  • About 20 to 25% of retail sales are expected to be returned, showing the scale of this issue.
  • Many returned items do not get restocked due to cost issues, leading to waste.
  • AI is being used by retailers to help reduce returns by assisting consumers in making better purchase decisions.
  • Returned items contribute to an estimated 8.4 billion pounds of waste in landfills each year.
  • Traditional gifts like toys and beauty products are less returned post-holiday.
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Dog Treat Recall Sparks Warning in 7 States

Dog Treat Recall Sparks Warning in 7 States

Summary

Consumers Supply Distributing, LLC, is recalling specific dog treat products because of salmonella concerns. The recall affects treats sold in seven states, but no health issues have been reported yet. The recall is a precaution based on FDA testing.

Key Facts

  • The recall involves 4-pound bags of Country Vet Biscuits-Original Meaty Flavor and Heartland Harvest Dog Biscuits-Meaty Flavor with Chicken.
  • The concern is potential salmonella contamination, a type of bacteria that can cause illness in pets and humans.
  • Affected products have a lot code number of 40906513 and UPC numbers 899623000463 and 840227340691.
  • The treats were sold in Colorado, Iowa, Kansas, Missouri, Texas, Montana, and Nebraska.
  • The recall resulted from FDA routine testing that found the bacteria in the products.
  • No illnesses have been reported so far.
  • Consumers are advised to stop using the treats and return them to the store for a refund.
  • Customers with questions can contact the company for more information.
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IRS CEO Predicts 'Biggest' Tax Refunds 'Ever Seen' in 2026

IRS CEO Predicts 'Biggest' Tax Refunds 'Ever Seen' in 2026

Summary

IRS CEO Frank Bisignano says that Americans are expected to receive the largest tax refunds ever in 2026. This prediction is linked to the One Big Beautiful Bill Act (OBBBA), which aims to lower taxes and increase refunds, though it may also increase the national debt.

Key Facts

  • The IRS predicts the largest tax refunds in U.S. history will occur in 2026.
  • President Trump's administration points to the One Big Beautiful Bill Act (OBBBA) as the reason for higher refunds.
  • OBBBA is expected to benefit middle-class Americans and Social Security recipients with reduced taxes.
  • Critics say the bill could increase the national debt by at least $3.4 trillion.
  • A report found the average tax refund in 2026 could be about $3,800, up from $3,052 in 2025.
  • Larger refunds stem from unchanged tax withholding following the bill's passage.
  • The IRS has set the tax filing deadline for April 15 next year.
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Thousands of jobs set to be saved at oil and gas firm

Thousands of jobs set to be saved at oil and gas firm

Summary

Thousands of jobs at Petrofac, an energy services company, are likely to be saved after its asset solutions business was bought by U.S. company CB&I. Petrofac employs about 3,000 people in the U.K., with a large number in Aberdeen, Scotland. The company had gone into administration due to financial setbacks, including a failed contract and prior investigations.

Key Facts

  • Petrofac employs around 3,000 people in the U.K., with about 2,000 in Aberdeen.
  • The firm faced financial trouble due to a failed renewables contract and other issues.
  • U.S.-based CB&I will buy Petrofac's asset solutions business in early 2026.
  • The deal is expected to secure jobs for Petrofac's employees.
  • Petrofac was once a major company, worth approximately £6 billion in 2012.
  • The company's troubles included a Serious Fraud Office investigation and profit warnings.
  • CB&I and Petrofac have similar management styles and focus on safety.
  • Petrofac provides services for oil, gas, and renewables projects and has operations in the North Sea.
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How weight-loss drugs are reshaping the gym

How weight-loss drugs are reshaping the gym

Summary

The rise of weight-loss drugs like GLP-1 is affecting gyms in the U.S., with uncertainty about whether users will exercise more or less. Gyms are adapting by offering specialized programs and partnerships related to these drugs to attract and support users.

Key Facts

  • About 1 in 8 U.S. adults have used GLP-1 drugs for diabetes or weight loss.
  • It is unclear if these drugs will increase or decrease gym attendance.
  • Some gyms, like Life Time, are introducing programs to guide members in exercise and diet while using GLP-1s.
  • Life Time has a program called Miora, providing personalized plans, including the use of GLP-1 medications.
  • Planet Fitness is exploring partnerships with GLP-1 providers to integrate fitness with drug use.
  • Gold's Gym offers GLP-1 discounts through a partnership with Idexa360.
  • Equinox provides training programs for users experiencing weight loss.
  • Gen Z shows more interest in strength training, leading some gyms to adjust equipment offerings.
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BetMGM Bonus Code NEWSWEEK: Get $1,500 Bonus For NFL, NBA Xmas Games

BetMGM Bonus Code NEWSWEEK: Get $1,500 Bonus For NFL, NBA Xmas Games

Summary

BetMGM is offering new users the chance to use a bonus code for betting on NBA and NFL Christmas Day games. The company offers two types of bonuses depending on the user's location: a $150 bonus with a winning $10 bet in certain states, or a $1,500 safety net for larger bets available in other states.

Key Facts

  • BetMGM offers a bonus code for new users betting on NBA and NFL games on Christmas Day.
  • Users in specific states like MI, NJ, PA, or WV can get a $150 bonus after a winning $10 bet.
  • In other eligible states, users can get a refund up to $1,500 if they lose a bet of that amount.
  • To use the bonus, create an account, enter the code, and place the initial bet.
  • NBA Christmas games include matchups like Cavaliers vs. Knicks and Mavericks vs. Warriors.
  • NFL Christmas games include games like Cowboys vs. Commanders and Lions vs. Vikings.
  • BetMGM also provides betting odds for each NBA game on Christmas Day.
  • Users need to utilize any bonuses within one week before they expire.
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An Arkansas Powerball player has won $1.87 billion in a Christmas Eve drawing. It's the 2nd largest jackpot in U.S. history

An Arkansas Powerball player has won $1.87 billion in a Christmas Eve drawing. It's the 2nd largest jackpot in U.S. history

Summary

A Powerball player in Arkansas won a $1.817 billion jackpot on Christmas Eve. This prize is the second-largest Powerball jackpot ever in the United States. The winning ticket was sold after 46 consecutive drawings without a top prize winner.

Key Facts

  • An Arkansas player won a $1.817 billion Powerball jackpot on Christmas Eve.
  • The winning numbers were 04, 25, 31, 52, 59, and the Powerball number was 19.
  • The jackpot was the second-largest in U.S. history and the largest Powerball prize of 2025.
  • The lump sum cash option for the prize was $834.9 million.
  • The win ended a streak of 46 drawings without a top prize winner.
  • The last time the Powerball jackpot was won on Christmas Eve was in 2011.
  • Powerball tickets are sold in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
  • The odds of winning the Powerball jackpot are 1 in 292.2 million.
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Clothes Stores Opening Across US in 2026

Clothes Stores Opening Across US in 2026

Summary

Several clothing retailers announced plans to open new stores across the United States in 2026. Brands like Nordstrom Rack, J.H. & Sons, and Uniqlo are expanding, adding more locations as part of their growth strategies. These plans come amid broader economic challenges but reflect optimism about sales and consumer interest.

Key Facts

  • Nordstrom Rack plans to open 21 new stores in different cities during 2026.
  • J.H. & Sons will open a new location in Kansas City, Missouri.
  • Uniqlo plans to add 11 new stores across seven U.S. cities in spring and summer 2026.
  • Uniqlo currently operates 78 stores in the United States.
  • Retail experts note a trend toward larger retailers buying smaller brands and a rise in private-label clothing.
  • Economic pressures like inflation have led consumers to seek more affordable shopping options.
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Powerball's Christmas Eve drawing dangles a $1.82 billion Christmas miracle

Powerball's Christmas Eve drawing dangles a $1.82 billion Christmas miracle

Summary

The Powerball lottery held a drawing on Christmas Eve for an estimated $1.817 billion jackpot, which is the second-largest in U.S. history. The drawing took place in Tallahassee, Florida, and it was not immediately clear if anyone won. The cash value of the jackpot is estimated to be $781.3 million.

Key Facts

  • The Powerball jackpot reached an estimated $1.817 billion for the Christmas Eve drawing.
  • This jackpot is the second-largest in the history of U.S. lotteries.
  • The winning numbers for the drawing were 4, 25, 31, 52, 59, and a red Powerball of 19.
  • It wasn't immediately known if there was a winner; the announcement was expected the following day.
  • The Powerball drawing took place on December 24 at 10:59 PM ET in Tallahassee, Florida.
  • Powerball drawings occur three times a week: Monday, Wednesday, and Saturday.
  • Tickets can be bought in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands, with cutoff times varying by state.
  • The odds of winning the jackpot are 1 in 292.2 million.
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As Trump’s tariffs hit Indian fox nuts, the superfood eyes new markets

As Trump’s tariffs hit Indian fox nuts, the superfood eyes new markets

Summary

President Donald Trump's tariffs on Indian goods have caused prices to rise, affecting exports like Indian fox nuts. These tariffs aim at Indian imports of Russian oil, impacting several sectors and reducing fox nut sales to the U.S. However, fox nuts continue to find new markets and demand in other countries and within India.

Key Facts

  • President Trump imposed a 50% tariff on Indian goods.
  • Fox nuts, or makhana, are popular for their health benefits.
  • The price of some Indian products, like fox nuts, has doubled in the U.S.
  • Tariffs are partly a response to India importing Russian oil.
  • Exporters of fox nuts report a 40% drop in sales to the U.S.
  • India produces 90% of the world’s fox nuts, mainly in Bihar.
  • Fox nut farming supports about 150,000 farmers in India.
  • Despite challenges, fox nuts are gaining popularity in other markets.
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Unemployment Claims Drop Ahead of the Holidays

Unemployment Claims Drop Ahead of the Holidays

Summary

The Labor Department reported a decrease in unemployment claims last week ahead of the holiday season. The number of claims fell by 10,000, but continuing jobless claims are slightly up. President Trump and economists share different views on the state of job growth and the economy.

Key Facts

  • Last week's unemployment claims were 214,000, down from 224,000 the previous week.
  • Wall Street expected 231,500 unemployment claims, but actual numbers were lower.
  • Continuing jobless claims rose to 1.92 million from 1.88 million.
  • The unemployment rate in November climbed to 4.6%.
  • The U.S. added 64,000 jobs in November but lost 105,000 jobs in October.
  • President Donald Trump commented on job growth via social media, stating new jobs are in the private sector.
  • Economists suggest the current hiring slowdown may pressure the Federal Reserve to adjust interest rates.
  • Seasonal trends and holiday hiring may temporarily affect unemployment claim numbers.
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The Great Decoupling: Why America’s Economy Is Booming Without Jobs

The Great Decoupling: Why America’s Economy Is Booming Without Jobs

Summary

The U.S. economy is growing quickly, but job creation is slow. This trend, where the economy expands without significant hiring, is expected to continue. Factors such as increased automation and spending from wealthier households contribute to this situation.

Key Facts

  • The U.S. economy grew at a 4.3% annual rate in the third quarter of 2025.
  • Job creation averaged just 51,000 per month, despite the economic growth.
  • Household consumption rose 3.5%, largely driven by higher-income households.
  • Investment in automation and artificial intelligence is increasing.
  • Nominal GDP grew by 8.2%, while the unemployment rate increased to 4.6% in November 2025.
  • President Trump's fiscal policies, including corporate tax cuts, encourage investment in technology over labor.
  • Large companies benefit from these tax incentives, while smaller businesses struggle to hire due to higher interest rates.
  • The Middle Market Business Index indicates that midsize company hiring intentions are flat despite improved business confidence.
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California High-Speed Rail Launches New Process To Boost Construction

California High-Speed Rail Launches New Process To Boost Construction

Summary

The California High-Speed Rail Authority is seeking private partners to help build the state's high-speed rail system. They plan to have these partnerships in place by summer 2026 to speed up construction and secure more funding.

Key Facts

  • The Rail Authority is looking for private investment partners to help with the high-speed rail project by summer 2026.
  • A Request for Qualifications (RFQ) has been issued to find a private partner for a Co-Development Agreement.
  • Private partners may invest in and manage assets like station facilities and track access.
  • 171 miles of the rail system, from Merced to Bakersfield, are in the design or construction phase.
  • 463 miles of the planned 494-mile route from San Francisco to Los Angeles have full environmental clearance.
  • The project has created nearly 16,400 jobs, mainly for Central Valley residents.
  • Over 30 major structures are currently being built in counties like Madera and Fresno.
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Investigation Opened into Florida Insurance Practices

Investigation Opened into Florida Insurance Practices

Summary

Three U.S. senators have started an investigation into the insurance ratings firm Demotech. They are concerned that the company's ratings might not be reliable and could pose risks to mortgage giants Fannie Mae and Freddie Mac, as well as taxpayers. The senators worry that these issues might lead to financial problems, especially in Florida, where Demotech's ratings have been particularly problematic.

Key Facts

  • Three U.S. senators launched an investigation into Demotech, an insurance ratings company.
  • Demotech's ratings are considered "lightly regulated" and may expose Fannie Mae and Freddie Mac to risks.
  • The investigation is focused on the high number of failed insurers in Florida and Louisiana rated by Demotech.
  • Demotech started rating smaller insurance companies in 1985.
  • Over 60% of Florida insurers had Demotech ratings, with 20% becoming insolvent from 2009 to 2022 while holding an "A" rating.
  • Senators are concerned that Demotech's ratings allow risky mortgages to be offloaded onto Fannie Mae and Freddie Mac.
  • Fannie Mae and Freddie Mac back most of the 51 million residential mortgages in the U.S.
  • The senators argue that these practices could lead to market destabilization similar to the 2008 crisis.
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Shake Shack Announces New Menu

Shake Shack Announces New Menu

Summary

Shake Shack has introduced a new "Good Fit Menu" with high-protein meals, gluten-free sandwiches, and vegetarian choices. These menu items are designed to cater to various dietary needs and are available nationwide in stores and online.

Key Facts

  • Shake Shack's new menu is called the "Good Fit Menu."
  • The menu includes meals high in protein, gluten-free options, and vegetarian choices.
  • It is available in Shake Shack locations across the country and online.
  • Meal examples include a Single ShackBurger Lettuce Wrap and a Double Veggie Shack Lettuce Wrap.
  • Prices vary by location, with New York City menu items ranging from $8.29 to $13.99.
  • The company says this menu meets various dietary preferences and goals.
  • The menu was launched on December 18.
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$1.7B Powerball jackpot could make a lucky winner's Christmas Eve especially merry

$1.7B Powerball jackpot could make a lucky winner's Christmas Eve especially merry

Summary

On Christmas Eve, a Powerball jackpot draw will offer a prize of $1.7 billion after months without a winner. This jackpot is one of the largest in the U.S. history and comes after 46 drawings without a winner since September 6. Powerball is played in 45 U.S. states and several territories, but not everyone can buy tickets everywhere due to state laws.

Key Facts

  • The Powerball jackpot is now $1.7 billion, one of the largest in U.S. history.
  • There have been 46 consecutive draws without a jackpot winner since September 6.
  • Powerball tickets cost $2 each, and the odds of winning the jackpot are 1 in 292.2 million.
  • Powerball is available in 45 states, plus Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.
  • Some states have different age requirements for buying lottery tickets; most require players to be 18 or older.
  • If a player wins, they can take the full amount over 29 years or a lump sum cash value of $781.3 million.
  • Smaller prizes are also available, with previous winners from various states winning amounts like $1 million and $100,000.
  • The game odds were made harder in 2015 to encourage larger jackpots.
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Even some Santas are feeling the labor market pinch

Even some Santas are feeling the labor market pinch

Summary

There is currently less demand for people to play Santa Claus at events compared to recent years. This change reflects broader labor market trends where people are hiring fewer temporary workers for seasonal jobs. Economic factors and a shift to online shopping have contributed to this decrease in demand for Santas.

Key Facts

  • There is less demand for Santas now compared to the past few years.
  • A 30% decrease in inquiries for hiring Santas was reported compared to 2024.
  • Fewer people are hosting large Christmas events, affecting the need for Santas.
  • Economic changes and increased online shopping have contributed to reduced demand.
  • There are fewer malls now, so fewer Santas are needed for in-person shopping events.
  • More people are now interested in becoming Santas, possibly balancing the demand.
  • The aging workforce might result in more retirees taking up seasonal Santa jobs.
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