Byron Allen will become the new CEO of BuzzFeed, replacing the founder Jonah Peretti. Peretti will move to become president of BuzzFeed AI, while Allen’s firm bought 40 million shares of the company.
Key Facts
Byron Allen is set to become BuzzFeed's new CEO.
Jonah Peretti, the founder and current CEO, will become president of BuzzFeed AI.
Allen's investment company, Allen Family Digital, bought 40 million shares of BuzzFeed.
The shares were purchased at $3.00 each.
The announcement was made in a company release on Monday.
BuzzFeed AI is a division focused on artificial intelligence within the company.
This leadership change represents a major shift for BuzzFeed's management.
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Stock markets opened higher on Monday even though there is a war in Iran and gas prices are high. The S&P 500 and Nasdaq indexes reached new record levels, mainly helped by technology companies.
Key Facts
Stocks started trading higher on Monday despite concerns about the war in Iran.
Gas prices remain high during this time.
The S&P 500 stock index hit a record high.
The Nasdaq stock index also reached a new record high.
The technology sector played a big role in pushing stocks up.
Yahoo Finance reporter Brooke DiPalma provided analysis on the situation.
CBS News covered the story and made it available through their app and websites.
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British Prime Minister Keir Starmer announced plans to pass a law that will allow the government to fully own British Steel, the UK’s last steel plant that produces steel from basic raw materials. The government took control of the steelworks from its Chinese owner last year to prevent the closure of its blast furnaces.
Key Facts
Keir Starmer is the Prime Minister of the UK.
He plans to introduce legislation to nationalise British Steel fully.
British Steel’s plant in Scunthorpe is the last UK site that makes steel from raw materials.
The UK government took control of this steelworks from a Chinese company last year.
The takeover happened to stop the closure of the steelworks’ blast furnaces, which are essential for making steel.
Nationalisation means the government will own and manage the company directly.
This move aims to protect the UK steel industry and jobs at the plant.
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A large data center in Fayette County, Georgia, used nearly 30 million gallons of water without being charged due to unmonitored water connections. The county only found out months later during a transition to a new water monitoring system, and while QTS paid the back charges, the county did not fine the company despite local drought and water shortages.
Key Facts
The data center belonged to Quality Technology Services (QTS) in Fayette County, Georgia.
QTS had two large water hookups that were not monitored or billed for months.
The uncharged water amounted to about 30 million gallons during a drought period.
Fayette County retroactively charged QTS about $150,000 but did not fine them.
The water system was switching from old meters to a new smart, cloud-based monitoring system.
The county’s water staff was understaffed and missed the high water use.
Residents experienced water pressure problems and were asked to reduce water use during the drought.
QTS said their water use followed all regulations and denied causing water pressure issues.
The county said it will now accurately monitor QTS’s water use going forward.
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Five Guys will close four restaurants in California between late May and early July 2026, causing 55 job losses. The company said financial difficulties led to the closures amid rising costs and changing customer spending habits.
Key Facts
Four Five Guys locations in California (Whittier, City of Industry, Merced, Hanford) will close by early July 2026.
A total of 55 employees will be laid off due to these closures.
Five Guys remains open with over 1,700 restaurants worldwide and more than 130 still in California.
Rising labor costs in California include a $20 minimum wage for fast food workers, increasing expenses for restaurants.
Inflation and higher costs for food and rent are pressuring mid-tier fast-casual restaurants like Five Guys.
Customers are spending less on expensive meals, choosing cheaper fast food or cooking at home.
Other fast food chains, such as Wendy’s, are also closing locations to focus on value pricing and cost control.
Economic experts say higher wages can reduce hours worked and may lead to more restaurant closures in the future.
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Starting Tuesday, some American businesses will receive refunds for tariffs they paid that the Supreme Court ruled illegal. Over 330,000 importers paid these tariffs, and more than 75,000 businesses have already applied for the refunds through a new government online portal.
Key Facts
The government collected $166 billion in tariffs from more than 330,000 importers under the International Emergency Economic Powers Act (IEEPA).
The Supreme Court ruled that the administration exceeded its authority by imposing these tariffs.
At least 75,000 businesses have filed for refunds as of late April.
About 15% of refund claims have been rejected due to errors or ineligible shipments.
Large companies like General Motors expect to receive hundreds of millions in refunds; Walmart may get $10 billion, Target $2 billion, Nike $1 billion, and Macy’s $320 million.
Most companies plan to use the refunds to pay debts, rehire workers, restock goods, or possibly lower prices.
Consumers are unlikely to receive direct refunds for higher prices caused by the tariffs.
Shipping companies like UPS, FedEx, and DHL will refund customers directly for tariffs charged on certain packages.
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Vin Diesel announced that Peacock is producing a live-action TV series based on the "Fast & Furious" film franchise. The new shows aim to expand the stories of the franchise’s characters and will be overseen by Universal Television and several executive producers, including Diesel.
Key Facts
The "Fast & Furious" franchise started over 25 years ago and has made billions of dollars.
Vin Diesel shared the announcement at an NBCUniversal event with Jimmy Fallon.
Peacock will launch four new shows set in the "Fast & Furious" universe.
The shows will focus on expanding the stories of the legacy characters in the series.
Fans online showed mixed reactions, with some unhappy about extending the franchise to TV.
The original film series has 11 movies featuring stars like Paul Walker, Dwayne Johnson, and Jason Statham.
Mike Daniels and Wolfe Coleman will be co-showrunners and executive producers of the TV series.
Vin Diesel and other producers will also serve as executive producers for the project.
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Singer Dua Lipa is suing Samsung for $15 million because the company kept using her picture on its TV boxes even after she asked them to stop. She filed the lawsuit to stop Samsung from using her image without permission.
Key Facts
Dua Lipa is a singer-songwriter.
Samsung used her image on the front of its TV boxes.
She asked Samsung multiple times to stop using her picture.
Samsung did not stop and kept using the image.
Dua Lipa filed a lawsuit against Samsung on Friday.
She is seeking $15 million in damages.
The lawsuit claims Samsung ignored her commercial rights.
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Interest rates for certificates of deposit (CDs), high-yield savings accounts, and money market accounts are currently similar but not exactly the same. For an $80,000 deposit, CDs offer the highest guaranteed returns over 6, 9, or 12 months, while savings and money market accounts have variable rates that may change.
Key Facts
The Federal Reserve recently paused interest rate changes, keeping rates stable for savers.
An $80,000 CD at about 4.10% interest pays more than a high-yield savings or money market account over 6, 9, or 12 months.
CDs have a fixed interest rate, meaning the rate doesn’t change during the term.
High-yield savings and money market accounts have variable rates that can go up or down depending on the market.
Over one year, an $80,000 CD can earn about $3,280 in interest.
High-yield savings accounts and money market accounts earn slightly less but offer more flexibility.
Investors must keep funds in a CD until maturity or face early withdrawal penalties.
Some savers might prefer to split their money between these three options to balance returns and flexibility.
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Dua Lipa has sued Samsung for using her photo on TV boxes without permission. She claims this use violates her rights and has damaged her ability to control and earn from her image.
Key Facts
Dua Lipa filed a lawsuit in a California federal court against Samsung.
The suit alleges copyright and trademark infringement and misuse of her image.
The photo used is titled “Dua Lipa – Backstage at Austin City Limits, 2024.”
Samsung used the image on many TV boxes sold across the US in 2025 and beyond.
Lipa asked Samsung to stop using the image after finding out in June 2025, but they did not comply.
Online posts suggest Lipa’s image influenced some people to buy Samsung TVs.
Lipa seeks at least $15 million in damages and a court order to stop Samsung from using her image.
Samsung has not publicly responded to the lawsuit because it is ongoing.
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The U.S. House of Representatives is voting on a bill to allow the sale of E15 gasoline, which contains 15% ethanol made in the United States, throughout the entire year. This change aims to lower fuel costs for drivers and support fair competition among fuel refiners.
Key Facts
The bill proposes allowing E15 gasoline sales all year round nationwide.
E15 contains 15% ethanol made in the U.S.
Ethanol is a type of biofuel made from plants, often corn.
E15 is cheaper than regular gasoline, which can save money for drivers.
The bill intends to help fuel refiners compete fairly in the market.
Currently, E15 sales are limited during certain months due to regulations.
Expanding E15 sales could increase the use of American-made biofuel.
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When you turn 73, you must start taking money out of your retirement accounts, called required minimum distributions (RMDs). For a $100,000 account, the amount you must withdraw increases with age and you have to pay taxes on the money you take out.
Key Facts
RMDs generally begin at age 73 for retirement accounts like 401(k)s or IRAs.
The amount to withdraw is based on dividing your account balance by a life expectancy number from IRS tables.
For example, at age 73, the RMD from $100,000 is about $3,774; by age 83, it grows to about $5,650 annually.
The life expectancy factor used in the calculation gets smaller each year, causing RMD amounts to rise.
Money withdrawn via RMDs is taxed because it was saved in tax-deferred accounts.
Many Americans are far from the retirement savings they consider comfortable; the average worker has less than $1,000 saved.
Precious metals like gold and silver can help protect retirement savings but should make up only a small part of a portfolio.
Gold and silver do not provide income but may hold or increase value when other investments drop.
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New research by the National Theatre shows that watching theatre performances online or in cinemas does not reduce people going to live shows. Instead, streaming theatre helps audiences try new plays, watch more shows, and reach people who might not attend in person.
Key Facts
The National Theatre asked a research agency called Indigo to study how people feel about watching filmed theatre.
Most people like watching theatre live, with 89% saying it is their top choice.
Watching theatre at home is popular because it is convenient, can be paused, and lets viewers discover new shows.
93% of people who watch filmed theatre also go to live performances.
Streaming theatre attracts younger viewers, especially under 35.
More disabled people watch theatre at home (20%) than attend live shows (15%).
Filmed theatre helps shows last longer by reaching more people beyond the short live run.
Directors say filming theatre creatively adds new ways to experience the performance.
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Australian researchers studied over 27,000 packaged supermarket foods and found that many use terms like “natural” or “sustainable” mainly as marketing without proof. The study showed that these claims are often not checked, which can confuse shoppers trying to buy environmentally friendly products.
Key Facts
Researchers from the George Institute for Global Health examined foods from major Sydney supermarkets.
Nearly 40% of products had some environmental claim on their packaging.
Most claims were made by manufacturers themselves without outside verification.
Terms like “natural” and “vegan” appeared most often, but “natural” has no legal definition.
Some products labeled as “carbon friendly” actually had higher carbon emissions than similar, unlabeled products.
Experts say unclear and unregulated claims can mislead consumers and reduce trust.
Other countries use clear rating systems, like France’s Eco-Score, to help shoppers quickly understand environmental impact.
Researchers recommend stronger rules to regulate environmental claims on food labels for better consumer guidance.
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This article presents a list of new consumer products recently released in various categories such as snacks, beverages, health supplements, and personal care items. It highlights key features and prices of these products to help shoppers discover fresh options.
Key Facts
Doritos Protein chips offer 10 grams of protein per ounce and cost $4.89.
Bloom Peach Pineapple Pop is a low-sugar sparkling soda with prebiotics and apple cider vinegar, priced at $2.39.
BelliWelli Watermelon 4-in-1 Fiber Gummies combine fiber, probiotics, electrolytes, and collagen for gut health, costing $19.97.
Tillamook Ice Cream Bars come in four flavors, coated in chocolate, and sell for $4.99.
Vital Proteins Sparkling Collagen Water contains collagen peptides and vitamin C, has no sugar, and is $2.50 per can.
Tylenol Extra Strength Liquid Gels provide fast pain relief and contain 500 mg acetaminophen, priced at $10.70.
I Can't Believe It's Not Butter! NutriRich products are reformulated to include vitamins A, D, E, and B12.
The article is part of a monthly feature helping consumers find innovative new products in various categories.
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The Australian government plans changes to tax rules on property investors, aiming to make housing more about living than making money. Experts say these changes will not reduce housing supply or raise rents much, based on experiences in Victoria where similar reforms did not cause major problems.
Key Facts
The government will change negative gearing and capital gains tax (CGT) to make property investment less attractive for future purchases.
Current investors will be protected by "grandfather provisions," which means existing investments won’t face new rules immediately.
Since 2020, investors’ share of new home loans in Australia rose from under 30% to over 40%, while owner-occupier loans dropped.
Tax incentives, including a 50% CGT discount, have encouraged investors to buy multiple properties, competing with first-time home buyers.
Predictions that these tax changes will cause major rent increases or housing shortages assume many investors will sell, but homes will likely be bought by others, not disappear.
New properties bought after the budget changes will be exempt from these tax changes, possibly making investors more interested in new builds.
Victoria raised land tax on investors in 2023 and saw only a small (3%) drop in rental properties and no big rent hikes.
The reforms aim to create a fairer property market, even though more housing supply is still needed.
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The United States has not built the world's tallest skyscraper since 1974, when Chicago’s Willis Tower held the record. Changes in building rules, city development, and global competition have influenced where and why very tall buildings are made, with many current tallest towers located outside the U.S.
Key Facts
The Willis Tower in Chicago was the tallest building in the world until 1998.
American architects still design famous tall buildings worldwide, such as the Burj Khalifa in Dubai.
U.S. aviation safety rules require buildings over 200 feet to be reviewed, often limiting skyscraper height near airports.
Many U.S. cities have airports close to downtown areas, restricting how tall buildings can be.
Building height limits abroad are usually set by local governments, while in the U.S., national rules apply.
Earlier tall buildings in the U.S. helped cities grow and attract investment, but most American cities are now fully developed.
In other countries, skyscrapers symbolize national pride, economic goals, or international competition.
Examples include Dubai’s Burj Khalifa and Saudi Arabia’s Jeddah Tower, which reflect these countries’ ambitions.
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The cost for the UK government to borrow money has increased after Labour leader Keir Starmer’s recent speech did not ease investor concerns. Rising inflation fears linked to the conflict in Iran and UK political uncertainty are pushing up interest rates on government bonds, making borrowing more expensive.
Key Facts
The interest rate on 10-year UK government bonds rose to 5%, and 30-year bond yields neared a 28-year high.
Starmer said he will fight any leadership challenge following local election losses.
Bond yields rise when investors demand higher returns due to perceived risks, increasing government borrowing costs.
Chancellor Rachel Reeves has limited borrowing but may lose some margin due to rising yields and weaker economic growth.
Investors worry that political instability could lead to more government spending and fewer fiscal controls.
Rising energy prices linked to the Iran conflict are a major factor behind higher bond yields.
President Trump criticized Iran’s rejection of US peace proposals, contributing to increased oil prices.
Experts say resolution of the Iran conflict could lower borrowing costs regardless of UK politics.
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