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Drag queen Pattie Gonia fights trademark lawsuit by Patagonia

Drag queen Pattie Gonia fights trademark lawsuit by Patagonia

Summary

Patagonia, an outdoor clothing company, has sued drag queen and climate activist Wyn Wiley, who performs as Pattie Gonia, over trademark issues. Wiley says the lawsuit threatens their name, work, and community, while Patagonia says it is protecting its brand and employees.

Key Facts

  • Pattie Gonia is the stage name of Wyn Wiley, a drag queen and climate activist with millions of followers.
  • Patagonia filed a lawsuit in January claiming Pattie Gonia’s name and branding confuse customers and compete with their products.
  • The company alleges Wiley broke an agreement about how to use similar fonts and logos.
  • Patagonia wants to stop Wiley from trademarking "Pattie Gonia" and only seeks $1 in damages plus legal fees.
  • Wiley has raised $3.7 million for environmental causes through performances and charity events.
  • Patagonia said they did not want a legal fight but need to protect their business, regardless of shared values.
  • Wiley called the lawsuit an attempt to erase their identity and advocacy work.
  • Patagonia was founded in 1973 and is named after a region in South America.
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Americans are spending faster than their income is growing

Americans are spending faster than their income is growing

Summary

Americans are spending more money than the income they earn is growing, which means they are using up their savings faster. Rising prices, especially for energy, are squeezing household budgets and causing people to dip into their financial reserves to keep spending.

Key Facts

  • Consumer spending rose by 0.5% in April, while disposable personal income fell by 0.1%.
  • The personal saving rate dropped to 2.6% in April, its lowest since mid-2022.
  • Higher spending on gasoline and energy goods is a major reason for increased expenses.
  • Inflation, measured by the Federal Reserve’s preferred gauge, rose 0.4% in April but cooled from 0.7% in March.
  • Core inflation, which excludes food and energy, increased 0.2% in April and is at its highest yearly level since 2023.
  • Real disposable income (income after taxes and inflation) fell 1.4% in April compared to last year.
  • Before the pandemic, Americans saved at about twice the current rate.
  • The current low saving rate might indicate financial pressure rather than confidence, since spending increases are mostly on necessities like energy.
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Mom Tries To Change Baby’s Diaper at McDonald’s, Something Stops Her Twice

Mom Tries To Change Baby’s Diaper at McDonald’s, Something Stops Her Twice

Summary

A mother traveling through Alabama found two McDonald’s locations with baby changing tables riveted shut, preventing her from changing her infant’s diaper. The local restaurant owner explained this was a temporary safety measure due to damage, but the mother remains frustrated and shared her experience online, which gained widespread attention.

Key Facts

  • Ellen Hall stopped at a McDonald’s in Montgomery, Alabama, and found the baby changing table was riveted shut.
  • She drove 15 minutes to another McDonald’s in Greenville, Alabama, and found the changing table there was also riveted shut.
  • The changing tables were secured as a safety precaution because they were damaged.
  • The owner of the two locations said repairs were in progress and that guest safety was a priority.
  • McDonald’s staff initially gave conflicting information about whether the decision was corporate or franchise-based.
  • Hall changed her baby in her car using disposable mats after failing to access the changing tables.
  • She shared a photo of the riveted changing table on Reddit, where it received over 73,000 upvotes.
  • Hall wants the tables replaced with a more secure but accessible design or removed entirely to avoid confusion.
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Chinese online retailer Temu fined $232 million for unsafe toys and electronics

Chinese online retailer Temu fined $232 million for unsafe toys and electronics

Summary

The European Union fined Chinese online retailer Temu €200 million ($232 million) for selling unsafe products like toxic toys and faulty electronics that did not meet EU safety rules. The fine was issued under the Digital Services Act, which requires online platforms to better protect consumers from harmful or illegal goods.

Key Facts

  • Temu was fined €200 million ($232 million) by the European Union.
  • The fine came after an investigation found Temu sold unsafe toys and electronics.
  • Temu failed to properly assess the risks of illegal products on its platform.
  • The EU's Digital Services Act (DSA) requires online platforms to keep users safe from harmful goods.
  • Investigators found baby toys with dangerous chemicals and removable parts that risk suffocation.
  • Electronic chargers tested by investigators failed basic safety standards.
  • Temu has 92 million users in the EU and is owned by PDD Holdings Inc.
  • Temu must submit a plan by the end of August to fix these issues or face more fines.
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Inflation hits highest level in nearly 3 years, Fed's preferred gauge shows

Inflation hits highest level in nearly 3 years, Fed's preferred gauge shows

Summary

Inflation in the U.S. rose to 3.8% in April, the highest level since May 2023, mainly due to increased gasoline prices caused by the conflict involving Iran. The Federal Reserve may face pressure to raise interest rates to control inflation, but markets currently expect rates to stay the same next month.

Key Facts

  • Inflation increased for the second month in a row, reaching 3.8% in April compared to last year.
  • The Personal Consumption Expenditures (PCE) Index, the Federal Reserve’s preferred inflation measure, rose from 2.8% in February.
  • The Iran war caused a closure of the Strait of Hormuz, disrupting global oil supply and pushing gas prices higher.
  • Gasoline prices rose by 48%, reaching an average of $4.42 per gallon since the conflict started on February 28.
  • The U.S. savings rate dropped to 2.6%, its lowest since 2022, showing consumers have less money to save.
  • The Federal Reserve’s benchmark interest rate currently stands between 3.5% and 3.75%.
  • Futures markets expect the Fed to keep interest rates steady next month but see over a one in three chance of a rate increase before the end of the year.
  • The conflict in Iran has caused one of the largest oil price shocks in recent history.
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From Texas To New York, Resistance To Data Centers Is Growing

From Texas To New York, Resistance To Data Centers Is Growing

Summary

Many communities across the U.S. are opposing the rapid build-up of artificial intelligence (AI) data centers due to concerns about energy, water use, and local impacts. State leaders and businesses in places like New Jersey, Pennsylvania, New York, and Texas are considering or enacting rules and pauses on new data centers to manage these effects better.

Key Facts

  • Over 4,300 AI data centers exist in the U.S., with large numbers in Virginia, Texas, and New York.
  • A Gallup poll showed 70% of Americans oppose building AI data centers in their communities.
  • New Jersey and Pennsylvania governors announced new rules to ensure data centers manage energy and water use responsibly.
  • Nearly 500 businesses in New York asked for a temporary halt on new data centers, citing pollution, resource strain, and rising costs.
  • Texas Agriculture Commissioner called for a pause on new large data centers to study their long-term impact on land, water, and power.
  • Some local governments in New Jersey have banned data centers entirely within their areas.
  • Critics worry about increased fossil fuel use, water shortages, higher electricity prices, and pollution from these rapidly growing facilities.
  • Data centers use large amounts of electricity for operation and water for cooling, affecting rural communities and infrastructure.
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CFTC asks judge to toss Biden-era settlement with Winklevoss twins’ crypto exchange

CFTC asks judge to toss Biden-era settlement with Winklevoss twins’ crypto exchange

Summary

The Commodity Futures Trading Commission (CFTC) asked a judge to cancel a settlement made during President Biden’s time with Gemini, a cryptocurrency exchange run by the Winklevoss twins. The CFTC claims that unfair methods were used to force Gemini into the settlement.

Key Facts

  • The CFTC is a U.S. government agency that regulates futures and options markets.
  • Gemini is a cryptocurrency exchange created by Tyler and Cameron Winklevoss.
  • The settlement in question was reached during President Biden’s administration.
  • The CFTC says the case used "inappropriate tactics" to pressure Gemini into settling.
  • The agency officially requested a judge to reject or toss out this settlement.
  • The move suggests ongoing disputes about regulation and enforcement in the crypto industry.
  • Tyler and Cameron Winklevoss are well-known investors in the cryptocurrency space.
  • The issue reflects tensions between cryptocurrency companies and government regulators.
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What will happen to gold and silver prices this June? Here's what experts expect.

What will happen to gold and silver prices this June? Here's what experts expect.

Summary

Gold and silver prices rose sharply in late 2025 but dropped significantly by May 2026. Experts have different views on what will happen to gold prices in June, with some expecting small declines and others predicting stability or increases depending on world events and economic policies.

Key Facts

  • Gold prices jumped from about $3,865 in October 2025 to over $5,000 in January 2026 before falling to $4,463 by late May.
  • Silver rose from $47 to $116 per ounce in the same period but dropped back to $74 by late May.
  • Factors like the war in Iran and higher interest rates from the Federal Reserve influenced the recent price drops.
  • Over the past year, gold increased 36% and silver went up 133%, despite recent declines.
  • Some experts expect gold prices to fall slightly in June due to lower demand from jewelry makers in Asia.
  • Others predict gold prices could stay steady or rise if conflicts worsen or inflation stays high.
  • The Federal Reserve’s interest rate decisions are a key factor for gold’s attractiveness compared to other investments.
  • Analysts compare current conditions to the 1970s stagflation period, which was favorable for gold prices.
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Wall Street hangs near its records as profits keep piling up for US companies and oil prices swing

Wall Street hangs near its records as profits keep piling up for US companies and oil prices swing

Summary

U.S. stock markets are near their highest levels ever as many American companies report better profits than expected. Oil prices are changing a lot due to worries about the war with Iran and talks to reopen a key shipping route. Meanwhile, inflation is rising but is close to what experts predicted.

Key Facts

  • The S&P 500 index reached an all-time high, with the Dow Jones down slightly and the Nasdaq up.
  • Companies like Dollar Tree, Snowflake, Hormel Foods, and Kohl’s reported profits that beat analysts’ expectations.
  • Snowflake’s stock jumped 33.4% due to strong growth driven by artificial intelligence.
  • Oil prices rose to about $89.49 a barrel after fluctuating because of uncertainty about a deal between the U.S. and Iran.
  • The Strait of Hormuz, an important oil shipping route, may reopen if a deal is reached.
  • The U.S. intercepted missiles launched by Iran, increasing tensions in the region.
  • Inflation, measured by a Federal Reserve-preferred index, rose but stayed near expected levels.
  • U.S. personal savings dropped to a four-year low, showing financial strain on many families.
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Exclusive discounts from CBS Mornings Deals

Exclusive discounts from CBS Mornings Deals

Summary

CBS Mornings Deals offers special discounts on products designed to improve daily life. Viewers can visit cbsdeals.com to find and buy these discounted items.

Key Facts

  • CBS Mornings Deals features different products with reduced prices.
  • The products are meant to help make everyday life better.
  • Discounts are available exclusively through cbsdeals.com.
  • CBS earns commissions when people buy items from the website.
  • The deals are promoted during CBS Mornings broadcasts.
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Chips Recall Over Salmonella Sparks Highest Risk Warning

Chips Recall Over Salmonella Sparks Highest Risk Warning

Summary

The FDA has issued the highest risk Class I recalls for three types of chips made by Legacy Bakehouse due to possible salmonella contamination. The contamination is linked to a recalled milk powder from California Dairies used in the seasoning for these products.

Key Facts

  • Three chip products by Legacy Bakehouse were recalled: Butter Parsley Bagel Crisps, Parmesan & Herb Bagel Crisps, and Giant Eagle-branded Baked Pita Chips.
  • The recalled products include large 10-pound wholesale cases and smaller retail bags sold in several states.
  • The recall is due to potential salmonella contamination traced to California Dairies milk powder used in the seasoning.
  • The milk powder had been previously recalled for salmonella risk, even though tests on the seasoning blend showed negative results before use.
  • The FDA classifies these recalls as Class I, meaning there is a reasonable chance the products could cause serious health problems or death.
  • Other products including potato chips, snack mixes, and croutons have also been recalled due to the same milk powder issue.
  • Salmonella is a common cause of food poisoning that can be serious, especially for vulnerable people.
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California Surface Water Tests Find Half of Samples Had 'Forever Chemicals'

California Surface Water Tests Find Half of Samples Had 'Forever Chemicals'

Summary

A new analysis by the Environmental Working Group found that half of California's surface water samples contained harmful chemicals called PFAS, used in pesticides. These chemicals do not break down naturally and can contaminate drinking water, posing health risks to the public.

Key Facts

  • PFAS are "forever chemicals" used in pesticides and many consumer products like nonstick cookware and waterproof clothing.
  • The Environmental Working Group reviewed 4,158 surface water samples from 2020 to 2023 in 11 California counties.
  • Half of the tested water samples contained PFAS pesticides.
  • San Luis Obispo and Monterey counties had the highest detection rates of PFAS pesticides.
  • PFAS chemicals can cause health problems including cancer, thyroid and liver diseases, and weak immunity.
  • PFAS do not break down naturally and remain in the environment for a long time.
  • California uses 2.5 million pounds of PFAS annually on farmland, leading to widespread contamination risks.
  • Traditional water filters cannot remove PFAS effectively; advanced treatments are needed but are costly.
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Irish datacentres have increased household bills by hundreds of euros, report finds

Irish datacentres have increased household bills by hundreds of euros, report finds

Summary

A report finds that datacentres in Ireland have raised household electricity bills by an average of €360 from 2015 to 2023 by increasing energy demand. The datacentres use a large share of Ireland’s electricity, pushing up prices especially since much of the power comes from fossil gas. Industry groups say datacentres contribute positively to the economy and pay significant taxes.

Key Facts

  • Datacentres in Ireland used 22% of the country’s electricity last year, more than all urban homes combined.
  • This electricity use by datacentres has added around €715 million to Ireland’s economy costs and raised household bills by €360 on average between 2015 and 2023.
  • The report suggests households are indirectly subsidizing big tech companies through higher energy bills, calling it a "hidden data centre tax."
  • Datacentre demand raises gas-powered electricity use, which can cause price spikes during energy crises.
  • If datacentre growth continues, households may pay an extra €295 to €644 on electricity bills by 2034.
  • Industry groups argue datacentres buy electricity differently, invest €18 billion recently, pay grid charges, and meet EU’s strict renewable energy rules (80% of energy from renewables).
  • The Irish government supports datacentres as vital to economic innovation and denies that they create an unfair burden on consumers.
  • Datacentres are subject to high corporate taxes, which fund public infrastructure and programs in Ireland.
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The first inflation report under new Fed chief Warsh isn't good

The first inflation report under new Fed chief Warsh isn't good

Summary

The Federal Reserve released its first inflation report under new chief Kevin Warsh, showing consumer prices rose at their highest rate in nearly three years in April. Inflation increased mainly due to higher energy costs, posing challenges for the Fed as it considers future interest rate decisions.

Key Facts

  • The personal consumption expenditures (PCE) price index rose 3.8% annually in April, the highest since May 2023.
  • Core PCE, which excludes energy and food, increased 3.3% annually in April, matching forecasts.
  • Rising energy prices, partly linked to the Iran conflict, are driving higher inflation.
  • The Federal Reserve had previously expected to cut interest rates in 2026, but this is now less likely.
  • President Trump wants the Fed to lower borrowing costs to support economic growth.
  • Inflation increases also appeared in housing, utilities, recreation services, and food services.
  • There is now a 40% chance of a Fed interest rate hike in December, up from 3% in June.
  • The report suggests inflation pressures remain high despite slightly lower-than-expected price increases in April.
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WATCH:  Disney announces $100M commitment to kids in hospitals

WATCH: Disney announces $100M commitment to kids in hospitals

Summary

Disney announced a $100 million plan to help children in hospitals. They are working with Philips to create ways to reduce anxiety and avoid sedation during MRI scans for kids.

Key Facts

  • Disney is committing $100 million to support children in hospitals.
  • The initiative aims to reduce anxiety in kids during medical procedures.
  • Disney is partnering with Philips, a health technology company.
  • The focus is on helping children during MRI scans.
  • Reducing the need for sedation is a key goal of the program.
  • This effort is part of a broader strategy to improve children's healthcare experiences.
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Map Shows Metros With Biggest Property Tax Bill Increases

Map Shows Metros With Biggest Property Tax Bill Increases

Summary

Property taxes increased in every major U.S. metro area from 2023 to 2024, adding to homeowners' financial burdens. This rise comes despite slowing home price growth, as tax assessments still reflect high prices seen during the pandemic housing boom.

Key Facts

  • Median property taxes in the U.S. reached $3,119 per year in 2024, up 5.1% from the previous year.
  • Homeowners with mortgages paid about $3,489 annually in property taxes, $913 more than those without mortgages.
  • New York City had the highest median property taxes at over $10,000, while Birmingham, Alabama had the lowest at $1,156.
  • Tampa saw the largest property tax increase at 7.7%, followed by Denver (7.4%) and Miami (7.1%).
  • Property tax assessments often lag behind current market values, causing delays in tax increases following housing booms.
  • Florida’s "Save Our Homes" policy limits annual tax assessment increases for some owners but causes uneven tax bills across homeowners.
  • Efforts to reform property taxes have been proposed in several states but face challenges and have not advanced widely.
  • Some metros like Milwaukee, Phoenix, and Memphis saw much smaller property tax increases between 0.7% and 1.1%.
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Burberry boss could earn up to £12.2m under new bonus scheme

Burberry boss could earn up to £12.2m under new bonus scheme

Summary

Burberry’s new chief executive, Joshua Schulman, could earn up to £12.2 million through a new bonus plan linked to company performance and share price growth. The luxury brand reported a return to profit and steady sales after cutting costs and focusing on core products under Schulman’s leadership.

Key Facts

  • Joshua Schulman became Burberry’s CEO in July 2024, replacing Jonathan Akeroyd.
  • Schulman earned £4 million in the year ending March 2024, including a salary, bonuses, and relocation pay.
  • Burberry made a pre-tax profit of £49 million, improving from a loss of £66 million the previous year.
  • The company cut £80 million in annual costs, reduced store numbers, and regained customers in China and North America.
  • Sales remained flat at £2.4 billion after adjusting for currency effects.
  • Schulman’s basic salary will rise 3% to £1.24 million from July 2024.
  • A new long-term bonus could pay Schulman up to 300% of his salary if he meets targets like increasing revenues to £3.1 billion by 2029.
  • Finance director Kate Ferry’s pay more than doubled to £2.5 million, with potential to reach £5.6 million if targets and share price goals are met.
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Ministers in talks over shelving carbon tax on fertiliser to curb food inflation

Ministers in talks over shelving carbon tax on fertiliser to curb food inflation

Summary

UK government ministers are discussing pausing a planned carbon tax on fertilisers to help reduce rising food prices. They are also considering suspending import tariffs on various foods and fertilisers to support farmers facing higher costs due to global fuel and fertiliser price increases linked to the conflict in Iran.

Key Facts

  • Ministers want to delay a carbon tax on fertilisers set for early next year.
  • The carbon tax would charge importers based on the pollution created when making fertilisers.
  • Fertiliser prices have increased sharply since the Iran conflict, which affects shipping routes.
  • High fertiliser costs risk causing farmers to leave fields unplanted, which would raise food prices.
  • The government aims to suspend tariffs on foods like bread, biscuits, and bananas to help with food inflation.
  • There is disagreement between the Treasury and the Department for Business and Trade about changing the law to pause the tax.
  • The UK produces around 40% of its own fertilisers, importing the rest.
  • Farmers could face significant financial losses next year due to rising costs from the conflict in Iran.
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Paintings found in skip by dog walkers sell for £16,000 at auction

Paintings found in skip by dog walkers sell for £16,000 at auction

Summary

A couple found two paintings in a skip while walking their dog and later sold them at auction for £16,000. The paintings were by Louis Wain, a famous British artist known for his cat drawings.

Key Facts

  • The couple found the paintings in a skip and hung them in their home for several years.
  • They researched the artist and learned it was Louis Wain, celebrated for his cat art from the late 1800s and early 1900s.
  • The paintings sold for £16,000 at Rogers Jones Auctioneers.
  • Louis Wain struggled financially during his life and often sold artwork for small amounts.
  • Wain's life inspired the 2021 film, The Electrical Life of Louis Wain, starring Benedict Cumberbatch.
  • Wain worked as an art teacher and freelance artist before becoming famous for his cat drawings.
  • British law says taking items from skips can be risky without permission because the items may still belong to someone or pose safety hazards.
  • The couple chose to remain anonymous but shared their story through the auction house.
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EU fines Temu for failing to stop sale of illegal and dangerous products

EU fines Temu for failing to stop sale of illegal and dangerous products

Summary

The European Union fined the Chinese shopping site Temu €200 million for selling illegal and unsafe products like baby toys and dangerous chargers. The fine comes after a long investigation showed Temu did not properly check the safety of products on its platform, violating EU rules called the Digital Services Act.

Key Facts

  • Temu was fined €200 million (£173 million) by the EU for selling unsafe and illegal products.
  • The investigation lasted 19 months and found many dangerous items, including choking hazards in baby toys and chargers that could cause fire or shocks.
  • Consumer groups reported problems with products containing banned chemicals and unsafe metals like lead.
  • The EU said Temu’s website controls were weak, and their recommendation systems may spread illegal products more widely.
  • This is the largest fine under the EU’s Digital Services Act, a law to protect people online that started in February 2024.
  • Temu’s parent company, PDD Holdings, made $54 billion globally in 2024, mostly from Temu and Pinduoduo.
  • Temu serves 130 million consumers in the EU, about one-third of the population there.
  • Temu is allowed to appeal and must submit a plan by August 28 explaining how it will fix these issues.
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