Account

  Login
  Sign Up For Free

The Actual News

Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

American Eagle shares soar after Sydney Sweeney ad

American Eagle shares soar after Sydney Sweeney ad

September 04, 2025
American Eagle's stock price rose by 25% following successful marketing collaborations with actress Sydney Sweeney and athlete Travis Kelce. The company's recent advertising campaigns and strong product offerings have increased customer interest and sales.

Key Facts:

  • American Eagle shares went up by 25%.
  • The company highlighted collaborations with celebrities Sydney Sweeney and Travis Kelce as reasons for strong sales predictions.
  • The "Great Jeans" ad with Sweeney sparked discussions about race and beauty standards.
  • A clothing series tied to Kelce was released around news of his engagement to Taylor Swift.
  • American Eagle's second-quarter performance was better than expected.
  • The increase in customer interest and sales credited to recent ad campaigns.
  • Sydney Sweeney's ad stirred both interest and controversy.
  • Former President Donald Trump publicly supported Sydney Sweeney's ad.

Source Information

BBC Business
Koch family buying piece of the NFL's New York Giants for around $10 billion

Koch family buying piece of the NFL's New York Giants for around $10 billion

September 04, 2025
Julia Koch and her family are buying a minor part of the NFL's New York Giants for about $10 billion. This sale could set a record as the highest price ever paid for a partial stake in an NFL team.

Key Facts:

  • Julia Koch and her family are purchasing a minority share of the New York Giants.
  • The reported valuation of this deal is around $10 billion.
  • If confirmed, it would be the highest valuation ever for an NFL team stake.
  • In 2023, Josh Harris paid $6 billion for the Washington Commanders, previously the highest.
  • Julia Koch is the widow of David Koch, a former owner of Koch Industries.
  • The Mara and Tisch families will still mainly own the Giants.
  • The Giants' next NFL game is against the Washington Commanders.

Source Information

Axios
Union group urges Reeves to consider wealth taxes

Union group urges Reeves to consider wealth taxes

September 03, 2025
The UK's TUC, a group representing trade unions, is urging Chancellor Rachel Reeves to consider wealth taxes to boost public service investment in the upcoming Budget. Suggestions include taxing online gaming, gambling companies, and banks with high profits. The Treasury expresses a focus on economic growth, but tax increases seem likely to meet financial goals.

Key Facts:

  • The TUC is asking the UK government to think about new wealth taxes.
  • Suggestions include taxes on online gaming, gambling, and banks.
  • The TUC argues banks have made record profits due to high interest rates.
  • The Prime Minister says Labour's financial rules are firm, making tax increases likely.
  • Rachel Reeves confirmed the Budget will be held on November 26.
  • Some in the Labour movement believe those with the most wealth should pay more.
  • Debate continues on the potential impact of wealth taxes on investment.

Source Information

BBC Top Stories
Lack of charging facilities a 'barrier' for electric lorries

Lack of charging facilities a 'barrier' for electric lorries

September 03, 2025
The article discusses how the lack of charging stations for electric heavy goods vehicles (eHGVs) is a major challenge for their wider use. Welch's Transport, a company in Cambridgeshire, uses a few electric lorries but limits their use to local routes due to insufficient charging options and high public charging costs.

Key Facts:

  • Welch's Transport operates three electric lorries within a radius of about 160km from their depot.
  • Electric lorries have a shorter range compared to diesel lorries, with a single charge covering about 200 miles.
  • Lack of public charging stations for eHGVs is a significant barrier, with only two in the UK.
  • There are approximately 1,100 public eHGV charging points across Western Europe.
  • Public charging costs for eHGVs are higher than charging at company bases.
  • Renewable energy accounted for over half of the UK's electricity generation last year.
  • The British Antarctic Survey works with Welch's Transport to meet its net zero goals by 2040.

Source Information

BBC Business
India cuts consumption taxes to boost demand after Trump’s tariff blow

India cuts consumption taxes to boost demand after Trump’s tariff blow

September 03, 2025
India has reduced taxes on many consumer products, including toothpaste, soap, small cars, and electronics, to boost domestic demand. This move is in response to economic challenges from high tariffs on Indian goods imposed by the U.S. The tax cuts are part of a broader reform to simplify India's tax system, which also includes raising taxes on luxury items.

Key Facts:

  • India cut taxes on consumer goods to boost spending and help the economy.
  • This decision follows high U.S. tariffs on Indian goods, introduced by President Trump.
  • The Goods and Services Tax (GST) system in India was simplified from a four-rate to a two-rate structure.
  • Taxes on basic items like toothpaste and shampoo dropped from 18% to 5%.
  • Taxes on small cars, air conditioners, and TVs were reduced from 28% to 18%.
  • Luxury goods, such as high-end cars and cigarettes, now have a 40% tax.
  • The tax changes are expected to reduce government revenue by 480 billion Indian rupees.
  • These reforms align with Prime Minister Modi's push for more self-reliance and economic growth in India.

Source Information

Al Jazeera
Department stores aren't dead yet: Macy's and Kohl's stocks rebound

Department stores aren't dead yet: Macy's and Kohl's stocks rebound

September 03, 2025
Macy's and Kohl's department stores have seen their stock prices rise recently. Macy's has improved sales by focusing on luxury and successful store brands, while Kohl's has increased sales by expanding coupon eligibility and brands. Both stores are showing positive signs after struggling for several years.

Key Facts:

  • Macy's stock increased by 20% after strong sales results.
  • Kohl's stock rose by 39% over the last month due to strong earnings and sales forecasts.
  • Macy's focuses on luxury brands like Bloomingdale's and Bluemercury for growth.
  • Kohl's is seeing sales improvements in women's clothing and jewelry.
  • Both stores are closing less profitable locations to improve overall performance.
  • U.S. consumers expect to spend 5% less on holiday shopping this year, which might impact sales.
  • Department stores face competition as consumers have more shopping choices.

Source Information

Axios
Trump administration illegally froze billions in Harvard funds, judge rules

Trump administration illegally froze billions in Harvard funds, judge rules

September 03, 2025
A federal judge ruled that the Trump administration illegally froze more than $2.2 billion in research funding for Harvard University. The decision stated that the freeze was not justified and bypassed federal law.

Key Facts:

  • A Boston judge decided in favor of Harvard University in a case against the Trump administration.
  • The case involved a freeze on over $2.2 billion in research funding for Harvard.
  • The funding was intended for more than 900 research projects, including those on Alzheimer's, cancer, and heart disease.
  • The Trump administration had claimed the freeze was due to Harvard's alleged failure to address antisemitism on campus.
  • Judge Burroughs ruled that the funding freeze was done without following the necessary legal process.
  • The administration plans to appeal the ruling, seeking to hold Harvard accountable.
  • The judge noted that the freeze could harm the research and potentially affect the people it intended to protect.

Source Information

NPR Home

Sign in to get news based on your interests

It’s free.

Sign In Sign Up Free
Newsmax files antitrust lawsuit against Fox

Newsmax files antitrust lawsuit against Fox

September 03, 2025
Newsmax has filed a lawsuit against Fox, claiming that Fox used unfair methods to limit competition among conservative cable networks. Newsmax alleges that Fox's actions have harmed its ability to grow on digital platforms and compete in the market.

Key Facts:

  • Newsmax filed an antitrust lawsuit against Fox in federal court.
  • The lawsuit claims Fox used its powerful position to pressure TV providers with restrictive contracts.
  • Newsmax alleges these contracts kept it from getting proper distribution on platforms like Hulu and Sling.
  • Fox is accused of using tactics to prevent cable distributors from carrying other right-leaning news channels.
  • Newsmax claims Fox tried to damage its reputation through smear campaigns and by hiring private investigators.
  • The lawsuit states that these actions reduced consumer choice by limiting available news options.
  • Newsmax seeks financial compensation and wants the court to stop Fox from using these practices to hurt competition.

Source Information

Axios
What we know about Rayner's tax admission - and the unanswered questions

What we know about Rayner's tax admission - and the unanswered questions

September 03, 2025
Angela Rayner, the UK Deputy Prime Minister, is facing a possible fine and an additional £40,000 payment for underpaid stamp duty on a flat she bought. She claimed she was advised incorrectly regarding the tax due. Rayner could face a fine if tax authorities decide she was "careless" in handling her tax matters.

Key Facts:

  • Angela Rayner is the UK Deputy Prime Minister and Minister in charge of housing.
  • She bought a flat in Hove for £800,000 and paid less stamp duty than required.
  • She claimed the flat as her only property, paying £30,000 when £70,000 should have been paid for a second home.
  • Rayner says she relied on incorrect legal advice in declaring the tax amount.
  • HM Revenue and Customs can issue penalties for underpaid tax if deemed "careless."
  • The penalty typically ranges from 20% to 30% of the underpaid tax, possibly adding £12,000 to her liabilities.
  • Questions are raised about whether Rayner sought proper tax advice.
  • Rayner previously transferred her interest in another home into a trust after her divorce.

Source Information

BBC Top Stories

A small vacation resort area in Michigan is one of the top markets for marijuana sales

September 03, 2025
A small vacation resort area in Michigan, known as New Buffalo, has become a major location for marijuana sales. This area, now nicknamed "New Puffalo," is one of the top markets for selling marijuana.

Key Facts:

  • A township in Michigan, known for being a vacation spot, is seeing high marijuana sales.
  • The area is now called "New Puffalo" due to its marijuana market.
  • This township is among the top locations for marijuana sales in the country.
  • The increase in marijuana sales has gained national attention.
  • The popularity of the area for marijuana sales was discussed on the NPR program, "All Things Considered."

Source Information

NPR National
Campbell’s sees tariff hit in year ahead as economic uncertainty looms

Campbell’s sees tariff hit in year ahead as economic uncertainty looms

September 03, 2025
Campbell's Co, a well-known food company, says its sales might fall by up to 2% in the next year due to tariffs, which make goods more expensive. The company is also planning to remove synthetic food dyes from its products by 2026 and sees its profit per share dropping because of higher costs.

Key Facts:

  • Campbell's expects sales to drop by up to 2% in the next year due to economic uncertainty and higher costs.
  • Tariffs are expected to increase costs by about 4% for Campbell's during the 2026 fiscal year.
  • The company plans to raise prices and find other ways to save money to handle these cost increases.
  • Campbell's profits per share might fall by up to 18%, which is below market estimates.
  • Tariffs affect the steel used in cans, with domestic production falling by 75% in the last eight years.
  • Campbell's plans to stop using synthetic food dyes by 2026 and will use natural alternatives instead.
  • The company's stock rose by 4.6% following the announcement of these changes.

Source Information

Al Jazeera
As the US stock market smashes records, some investors fear it’s overpriced

As the US stock market smashes records, some investors fear it’s overpriced

September 03, 2025
The US stock market has seen record highs, raising concerns among investors that it might be overpriced. The S&P 500 index has increased by more than 60% since early 2023, and many experts are worried about high valuations. Despite these fears, the market continues to rise, largely driven by strong earnings from major tech companies.

Key Facts:

  • The S&P 500 index has climbed over 60% since early 2023.
  • Investors find US stocks expensive, with a high price-to-sales ratio.
  • The S&P 500 is trading at more than 22 times its expected earnings.
  • 90% of fund managers surveyed by Bank of America view US stocks as overvalued.
  • Analysts have compared the current market to the 1990s dotcom bubble.
  • The "Magnificent Seven" companies, including Apple and Microsoft, heavily influence the market.
  • Despite fears, the S&P 500 hit five record highs in August.

Source Information

Al Jazeera
Tesco trials avocado ripeness scanners

Tesco trials avocado ripeness scanners

September 03, 2025
Tesco is testing avocado ripeness scanners in five stores in England to help customers choose ripe avocados. This trial is part of efforts to reduce food waste and support their innovative image. The scanners display how ripe an avocado is and offer advice to shoppers.

Key Facts:

  • Tesco is trying out avocado ripeness scanners in five stores in England.
  • The scanners show how ripe an avocado is and give advice on a screen.
  • The trial aims to help shoppers pick the right avocado, reducing food waste.
  • Lisa Lawrence from Tesco says the trend of "smashed avocado" is popular on social media.
  • A total of 15 million more avocados were sold by Tesco this year compared to the last year.
  • The stores involved include locations in Cheshunt, Colchester, Stratford upon Avon, Wokingham, and Salisbury.
  • Other Tesco tech trials include giant trolley scales that were compared to airport security.
  • Some experts believe such innovations can assure quality and affect customer satisfaction.

Source Information

BBC Business
Faisal Islam: Reeves will need her hard hat for the next three months

Faisal Islam: Reeves will need her hard hat for the next three months

September 03, 2025
Rachel Reeves, the Chancellor, is preparing for the upcoming Budget announcement on November 26. She aims to implement structural changes in the tax system to boost economic growth and productivity. Reeves dismissed concerns about a significant financial gap and speculation about tax increases.

Key Facts:

  • Rachel Reeves is the Chancellor responsible for the upcoming Budget process.
  • The Budget announcement is set for November 26.
  • Reeves plans to make structural reforms in the tax system to improve economic growth.
  • She dismissed claims of a £50bn financial shortfall in the UK finances.
  • There is speculation about potential tax increases on property, banks, and pensions.
  • UK borrowing costs have hit the highest level in 27 years.
  • The Office for Budget Responsibility (OBR) criticized government consistency in tax and spending promises.
  • Reeves may face pressure to adjust her fiscal rules and consider spending cuts.

Source Information

BBC Business
Reeves dismisses £50bn 'black hole' in UK finances

Reeves dismisses £50bn 'black hole' in UK finances

September 03, 2025
Rachel Reeves, a government official, dismissed claims of a £50 billion gap in the UK's public finances, despite rising borrowing costs and pressure on the chancellor before the autumn Budget. She stated she aims to balance the Budget effectively, addressing the importance of returning growth and investment to the UK economy, while denying rumors of specific tax increases.

Key Facts:

  • Rachel Reeves, a government official, disputed claims of a £50 billion deficit in UK public finances.
  • The cost of long-term government borrowing in the UK has reached its highest in 27 years.
  • Reeves aims to balance the upcoming Budget while promoting economic growth.
  • Reeves has set two borrowing rules: covering day-to-day costs with taxes by 2029-30 and reducing debt as a share of national income by 2029-30.
  • Labor has pledged not to raise taxes on working people, but there was a prior increase in National Insurance for employers.
  • Speculation exists about possible tax increases, but Reeves denied these decisions are final.
  • Global borrowing costs have risen due to international economic pressures, affecting countries including the UK.

Source Information

BBC Business
There's new evidence the job market is softening

There's new evidence the job market is softening

September 03, 2025
Recent job market data shows that the number of job openings has decreased, and more people are unemployed compared to job openings. This points to a weakening job market, with significant revisions showing more firings and layoffs than previously reported.

Key Facts:

  • The number of unemployed people exceeded job openings in July for the first time in four years.
  • Job openings fell by 176,000 in July, bringing the rate to 4.3%, the lowest since mid-2020.
  • June's data was revised to show 192,000 more firings and discharges than initially reported.
  • The July job openings to unemployed people ratio dropped to 0.99.
  • There was a significant drop in job openings in the health care sector.
  • The hiring rate remained stable, as did the rates of voluntary job quitting and layoffs.
  • The pattern of negative revisions suggests weaker conditions for employers who report late.
  • Upcoming employment and inflation data will inform Federal Reserve decisions on interest rates.

Source Information

Axios
How Trump's latest crypto launch enriches his family

How Trump's latest crypto launch enriches his family

September 03, 2025
President Donald Trump's family launched a new cryptocurrency called "$WLFI" through their company, World Liberty Financial. This launch reportedly increased the family's wealth by $5 billion, at least on paper. The event underscores Trump's involvement in the crypto industry, especially following his recent passage of the GENIUS Act, a key piece of cryptocurrency legislation.

Key Facts:

  • President Trump signed the GENIUS Act, a major cryptocurrency law, in July.
  • Trump's family launched a cryptocurrency token called "$WLFI" through World Liberty Financial.
  • The launch reportedly increased the Trump family's wealth by $5 billion on paper.
  • World Liberty Financial was co-founded by Trump and his sons last year.
  • The company's token started trading publicly, initially priced at around 32 cents.
  • The Trumps are reportedly barred from selling their own tokens immediately.
  • Trump's involvement in crypto marks a shift from his past stance, when he referred to crypto as a scam.
  • Trump has appointed crypto-friendly officials to key regulatory agencies.

Source Information

NPR Home
Bank of England 'very concerned' at threats to US Fed

Bank of England 'very concerned' at threats to US Fed

September 03, 2025
The Bank of England governor, Andrew Bailey, is worried about threats to the independence of the US Federal Reserve. This concern comes as President Donald Trump continues to pressure the Fed to cut interest rates. European Central Bank president Christine Lagarde shares these concerns, suggesting that losing independence could harm global economic stability.

Key Facts:

  • Andrew Bailey is the governor of the Bank of England.
  • Bailey expressed concerns over threats to the US Federal Reserve's independence.
  • President Donald Trump has criticized Fed chair Jerome Powell for not lowering interest rates.
  • Trump reportedly tried to fire Fed governor Lisa Cook, who is now suing him.
  • Christine Lagarde, president of the European Central Bank, also warned against loss of Fed independence.
  • Lagarde believes that following presidential orders could hurt global economic stability.
  • Trump has aimed for large interest rate cuts since returning to the White House.
  • The Bank of England recently cut UK interest rates but faced difficulty in reaching this decision.

Source Information

BBC Business
In a brawl over right-wing TV, Newsmax sues Fox News

In a brawl over right-wing TV, Newsmax sues Fox News

September 03, 2025
Newsmax filed a lawsuit against Fox News, claiming the network used unfair tactics to limit competition from smaller right-wing TV channels like Newsmax. The lawsuit was filed in Miami and accuses Fox of trying to keep its top position in U.S. conservative news. Fox denies the allegations, saying the claims are an attempt to improve Newsmax's own market position.

Key Facts:

  • Newsmax claims Fox News used its influence to limit competition among right-wing TV networks.
  • The lawsuit was filed in federal court in Miami.
  • Fox News rejected Newsmax's allegations, calling them an attempt to gain attention.
  • Newsmax and Fox's rivalry intensified after 2020, particularly due to changes in audience following the presidential election.
  • Fox has faced other legal issues recently, including a significant settlement with Dominion Voting Systems.
  • The lawsuit alleges that Fox discouraged cable providers from offering right-leaning competitors like Newsmax.
  • Fox News is a major player in U.S. cable news, often having more viewers than other networks during prime time.

Source Information

NPR Home
Lush shuts stores for a day to protest Gaza starvation

Lush shuts stores for a day to protest Gaza starvation

September 03, 2025
Lush, a cosmetics retailer, closed all its stores and online shop for one day to protest the reported starvation in Gaza. The company took this action to show solidarity and urge the UK government to address the situation. Lush has faced criticism from Israel, which disputes claims of starvation in Gaza.

Key Facts:

  • Lush shut all its stores and online operations for a day to protest the reported starvation in Gaza.
  • The company aims to show solidarity and encourage the UK government to act on the Gaza situation.
  • Lush's website displayed messages supporting its cause and explained its closure.
  • Israel's Prime Minister has denied the starvation claims, attributing any hunger to aid agencies and Hamas.
  • The UN stated that Israel must ensure food and medical supplies reach Gaza under international law.
  • Lush stated the closure resulted in a financial loss, including a day's worth of tax contributions.
  • The decision to close was also meant to align with what Lush believes are its customers' concerns.
  • Lush operates in more than 50 countries, with 104 shops in the UK and Ireland.

Source Information

BBC Business