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Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Trucking companies sidestep safety rules with name changes

Trucking companies sidestep safety rules with name changes

Summary

Some trucking companies involved in deadly crashes avoid safety rules by changing their company names and registrations. A CBS News investigation uncovered this practice.

Key Facts

  • Trucking companies linked to serious accidents change their names to avoid safety penalties.
  • Changing registrations helps these companies bypass government safety rules.
  • This practice makes it harder to hold companies accountable for crashes.
  • The investigation was conducted by CBS News.
  • The strategy raises concerns about road safety and regulation enforcement.
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US tariff refund system launches for companies to claim billions in import taxes

US tariff refund system launches for companies to claim billions in import taxes

Summary

The US government has opened a refund system for companies to claim back tariffs that the Supreme Court ruled President Trump imposed without proper authority. Businesses can now apply online to get refunds on billions of dollars paid on imports, with the process expected to take some time and be completed in phases.

Key Facts

  • The US Customs and Border Protection (CBP) launched an online portal for tariff refund claims on April 20, 2026.
  • The Supreme Court ruled on February 20, 2026, that President Trump did not have constitutional authority to impose certain tariffs using emergency powers from 1977.
  • Over 330,000 importers paid about $166 billion on more than 53 million shipments affected by these tariffs.
  • Refunds are being processed first for more recent tariff payments, especially those estimated but not finalized or within 80 days of final accounting.
  • To claim refunds, companies must register with CBP’s electronic payment system; by mid-April, roughly 56,500 importers had registered.
  • CBP estimates eligible refunds total about $127 billion, including interest.
  • The refund process may have delays or technical issues at the start, so companies are advised to be patient.
  • Detailed and accurate documentation of goods and payment forms is required to avoid claim rejections.
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Prediction platform Polymarket in talks to raise funds at up to $15bn valuation

Prediction platform Polymarket in talks to raise funds at up to $15bn valuation

Summary

Polymarket, an online platform for betting on future events, is in talks to raise $400 million with a valuation up to $15 billion. The company has grown rapidly, especially after offering bets on geopolitical events like the Middle East conflict, though some bets have raised concerns about insider information being used.

Key Facts

  • Polymarket lets users bet on outcomes like wars, political events, and other future happenings by buying and selling shares in possible results.
  • The company is seeking $400 million in funding, potentially valuing it at $15 billion, up from $9 billion previously.
  • Polymarket's weekly trade volume has reached over $1 billion, with some markets charging fees while others, like geopolitical events, are fee-free.
  • Investors include Peter Thiel’s Founders Fund, the New York Stock Exchange owner Intercontinental Exchange, and a venture capital firm connected to Donald Trump Jr.
  • Authorities have investigated and arrested people suspected of using secret information to place bets on Polymarket.
  • Online groups have used the platform to bet on conflicts like Ukraine’s war and have attempted to influence media reports to benefit their bets.
  • Experts warn the platform’s betting could distort larger financial markets by allowing strategic manipulation of predictions.
  • Polymarket aims to provide data used by investors to understand market sentiment, influencing decisions in areas like oil trading.
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Consumer watchdog zeroes in on Woolworths’ allegedly fake discounts as it meets supermarket giant in court

Consumer watchdog zeroes in on Woolworths’ allegedly fake discounts as it meets supermarket giant in court

Summary

Australia’s consumer watchdog, the ACCC, has taken Woolworths to court, accusing the supermarket of misleading shoppers with fake discounts on many products. The case focuses on Woolworths temporarily raising prices before discounting items, making discounts look better than they really were.

Key Facts

  • The ACCC alleges Woolworths used false discounts on at least 266 products between September 2021 and May 2023.
  • Woolworths’ “Prices Dropped” promotions are accused of showing discounts from artificially inflated prices.
  • Some products involved include Tim Tams, apple cider vinegar, pasta, Oreos, and rice crackers.
  • Woolworths denies misleading customers and says it worked to manage inflation’s impact on prices.
  • A similar case against Coles is also underway, with comparable allegations about misleading discount tactics.
  • The court will closely examine specific grocery items over a two-week hearing in Sydney.
  • The ACCC claims Woolworths planned these price increases to create the appearance of a genuine discount later.
  • Woolworths reported a 16% rise in profits even as the ACCC prepared its legal action.
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Skyscraper Hits New Milestone As Tallest Residential Building South of NYC

Skyscraper Hits New Milestone As Tallest Residential Building South of NYC

Summary

A new residential skyscraper in Miami called Cipriani Residences has reached 872 feet tall, making it the tallest residential building south of New York City. The building will have 80 floors and is expected to be finished in 2027, featuring 397 condos with views of Biscayne Bay and the Miami skyline.

Key Facts

  • Cipriani Residences Miami has currently reached 872 feet in height and will eventually reach 950 feet.
  • It will be the tallest residential building south of New York City.
  • The tower will have 80 floors and contain 397 residences.
  • The building’s exterior features a curved glass design inspired by the Italian Riviera.
  • The design reflects nautical themes, like sails and waves, to connect with Miami’s waterfront.
  • Interiors are designed with Venetian craftsmanship influences, including polished wood and metal details.
  • Living spaces have 10-foot ceilings and floor-to-ceiling glass doors to maximize views.
  • Completion of the Cipriani Residences Miami is planned for the year 2027.
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Arby's Updates Menu With New Mac-and-Cheese Option

Arby's Updates Menu With New Mac-and-Cheese Option

Summary

Arby’s is bringing back its barbecue menu for a limited time and introducing a new Mac Bowl dish. The new menu includes pulled pork and chopped brisket sandwiches and a Mac Bowl that combines barbecue meat with mac and cheese.

Key Facts

  • Arby’s BBQ menu returns for a limited time with pulled pork and chopped brisket sandwiches.
  • The pulled pork is hickory-smoked for four hours; the brisket is smoked up to 13 hours.
  • The new Mac Bowl has a quarter pound of pulled pork or brisket over white cheddar mac and cheese, topped with crispy onions and barbecue sauce.
  • Customers can choose between sweet or spicy barbecue sauces.
  • The BBQ menu is available nationwide at participating Arby’s locations and online.
  • Arby’s is using limited-time offers like this to attract customers and compete in the fast-food market.
  • The chain has closed over 40 underperforming locations recently due to rising costs and lower demand.
  • Arby’s is part of Inspire Brands, which owns several other restaurant chains and operates over 33,000 locations worldwide.
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Can you qualify for credit card debt forgiveness if your bank account is frozen by a debt collector?

Can you qualify for credit card debt forgiveness if your bank account is frozen by a debt collector?

Summary

A bank levy is when a debt collector freezes your bank account after winning a court judgment against you. Even if your account is frozen, you might still qualify for credit card debt forgiveness because this action shows financial problems and may encourage creditors to accept less money.

Key Facts

  • A bank levy happens after a court judgment and freezes your bank account to collect debt.
  • This action usually comes after years of missed payments and collection attempts.
  • A frozen account shows creditors that you are in serious financial trouble.
  • Creditors may be more willing to settle for less money if your account holds little or no funds.
  • The levy can reduce your ability to pay other bills, which may support asking for debt forgiveness.
  • Debt forgiveness programs aim to help people who cannot repay their full debt amount.
  • Even with a frozen account, options like debt settlement or forgiveness are still possible.
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Trump tariff refunds begin but consumers likely to miss out

Trump tariff refunds begin but consumers likely to miss out

Summary

The US government has started refunding billions of dollars in tariffs that the Supreme Court ruled were wrongly charged under President Donald Trump’s policies. These refunds are being given to companies that paid the tariffs, but most individual consumers, who faced higher prices because of the tariffs, are not expected to get any direct compensation.

Key Facts

  • The Supreme Court struck down certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) by President Trump.
  • Over $160 billion in tariffs collected must be refunded to about 330,000 importers.
  • Companies can apply for refunds through an online system called Cape, which opened recently.
  • More than 56,000 importers have applied, claiming around $127 billion so far.
  • Refunds, including interest, are expected to be paid within 60 to 90 days after approval.
  • Individual consumers who paid higher prices due to tariffs generally cannot claim refunds directly.
  • Some businesses may choose to share their refunds with consumers, but few have promised to do so.
  • Several class action lawsuits have been filed against companies such as Costco, Ray-Ban’s parent company, and FedEx, demanding that tariff refunds be passed on to consumers.
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Exclusive discounts from CBS Mornings Deals

Exclusive discounts from CBS Mornings Deals

Summary

CBS Mornings Deals offers special discounts on various products that could be useful in daily life. Customers can visit cbsdeals.com to find and buy these discounted items.

Key Facts

  • CBS Mornings Deals features products at reduced prices.
  • The deals aim to highlight items that may become everyday essentials.
  • Shoppers can access these discounts by visiting cbsdeals.com.
  • CBS earns commissions when people buy through their deals website.
  • The deals are promoted on CBS Mornings, a news program.
  • The article encourages viewers to take advantage of the offers soon.
  • No specific products or discount details are mentioned in the article.
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United merger with American Airlines would hurt consumers, senators say

United merger with American Airlines would hurt consumers, senators say

Summary

Two U.S. senators have warned that a merger between United Airlines and American Airlines could reduce competition in the airline industry and lead to higher ticket prices. They also said the deal could make it harder for smaller airlines to compete and might lower wages for airline workers.

Key Facts

  • Senators Elizabeth Warren and Mike Lee wrote a letter to the CEOs of United and American Airlines about the merger concerns.
  • They said the merger could cause airlines to raise ticket prices and fees because there would be fewer competitors.
  • The merger could limit smaller airlines from getting important gate space at airports.
  • Fewer employers might reduce job opportunities and wages for airline workers.
  • The senators asked for information by May 3 about any merger talks and its impact on consumers.
  • United Airlines CEO Scott Kirby mentioned a possible merger in talks with Trump administration officials.
  • American Airlines stated it is not interested in merging and said such a deal would hurt competition and consumers.
  • Neither airline has responded publicly to the senators' letter so far.
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Latest Airlines To Cut US Flights, Raise Bag Prices Amid Rising Fuel Costs

Latest Airlines To Cut US Flights, Raise Bag Prices Amid Rising Fuel Costs

Summary

Several airlines, including Delta, Air Canada, Norse Atlantic Airways, and Edelweiss Air, have cut flights and increased baggage fees due to rising fuel costs. These changes come after tensions related to a U.S. naval blockade against Iran, which has led to higher oil prices affecting airline operations.

Key Facts

  • Delta Air Lines is reducing flights at Detroit, New York’s JFK, and Boston airports through September.
  • Air Canada will stop flights to JFK from Toronto and Montreal from June 1 until October 25.
  • Norse Atlantic Airways canceled some flights to Los Angeles because of high oil prices and fuel shortages.
  • Edelweiss Air canceled direct flights from Seattle to Zurich and ended some U.S. routes.
  • Many U.S. airlines, like American, Delta, Southwest, and Alaska, have raised baggage fees recently.
  • The rise in fuel prices is linked to conflict in Iran and its impact on oil supply routes.
  • The International Energy Agency warns of potential jet fuel shortages if the Strait of Hormuz remains closed.
  • Airlines are adjusting schedules and fees to manage higher costs and maintain service.
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Canada: Ties to US are 'weaknesses we must correct'

Canada: Ties to US are 'weaknesses we must correct'

Summary

Canada's Prime Minister Mark Carney said that the country's close trade relationship with the United States is now a weakness due to changes in U.S. trade policies under President Donald Trump. To adjust, Canada plans to make new trade deals, boost its own industries, and attract more investments from other countries.

Key Facts

  • Prime Minister Mark Carney released a video statement on April 19.
  • Canada’s past strong economic ties with the U.S. are now seen as a weakness.
  • The shift is mainly because of new economic tariffs from the U.S. under President Trump.
  • Canada wants to diversify its trade partners beyond the U.S.
  • The Canadian government aims to strengthen its domestic industries.
  • Canada is working to attract new investment from countries other than the U.S.
  • These plans respond to changes in international trade conditions.
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What are today's mortgage interest rates: April 20, 2026?

What are today's mortgage interest rates: April 20, 2026?

Summary

Mortgage interest rates for homebuyers and those refinancing have improved slightly as of April 20, 2026. The average rates for 30-year and 15-year loans have dropped from March levels, making borrowing somewhat more affordable, but rates can change daily.

Key Facts

  • The average 30-year mortgage purchase rate is 5.99% as of April 20, 2026.
  • The average 15-year mortgage purchase rate is 5.50%.
  • In late March 2026, these rates were higher at 6.37% (30-year) and 5.75% (15-year).
  • The average refinance rate for a 30-year mortgage is currently 6.66%.
  • The median refinance rate for a 15-year mortgage is 5.62%.
  • Rates have recently improved but may not stay low due to market changes and global uncertainties.
  • Borrowers are advised to shop around and compare rates from multiple lenders.
  • Locking in a mortgage rate now may protect borrowers if rates rise later.
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Walmart Announces Major Expansion Plans

Walmart Announces Major Expansion Plans

Summary

Walmart plans to invest in its U.S. stores by remodeling over 650 locations and opening about 20 new stores through early 2027. The company aims to improve shopping by updating store layouts, adding new technology, and expanding delivery and pickup services.

Key Facts

  • Walmart will remodel more than 650 Supercenters and Neighborhood Markets across the U.S.
  • Around 20 new Walmart stores are planned to open during 2026 and early 2027.
  • Recent store openings include locations in California, Florida, and planned expansions in Arizona and Texas.
  • Remodels will include wider aisles, updated designs, more products, and better parking and landscaping.
  • Some stores will have private rooms in pharmacies and improved vision centers.
  • Walmart’s mobile app offers store maps, price checks, mobile checkout, and appointment scheduling.
  • The delivery network covers 95% of U.S. households, providing fast delivery within three hours.
  • Neighborhood Markets will receive special upgrades like expanded deli sections and better lighting.
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New media space opens in Hull to help city's creatives

New media space opens in Hull to help city's creatives

Summary

A new media space has opened in Hull to support local creative people. This space aims to help artists and media professionals work and develop their projects.

Key Facts

  • A new media space has started operating in Hull.
  • The space is meant to assist local creatives.
  • It provides a place for artists and media workers to collaborate.
  • The opening is recent and reported by local news sources.
  • This initiative supports creative industries in the city.
  • Hull has various local events and community activities alongside this opening.
  • The media space offers resources and opportunities for creative projects.
  • It is part of a wider effort to boost arts and media in the region.
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New Trump Tower Unveiled ‘Overlooking Central Park’—but There’s a Twist

New Trump Tower Unveiled ‘Overlooking Central Park’—but There’s a Twist

Summary

A new Trump Tower is being planned in Tbilisi, the capital city of Georgia, near the city’s Central Park—not New York’s. The project will create a tall building with homes, shops, restaurants, and other amenities, aiming to attract international buyers and investors.

Key Facts

  • The building will be about 70 stories tall and is expected to be the tallest in Georgia.
  • It is called Trump Tower Tbilisi and is a partnership between The Trump Organization and several local and international companies.
  • The design is by architecture firm Gensler and will have luxury apartments, retail stores, dining, and lifestyle features.
  • The development aims to help position Tbilisi as a global business and lifestyle center linking Eastern Europe and Asia.
  • Local developer Archi Group, which leads real estate in Georgia, is a key partner in the project.
  • Georgia has seen growing interest from international investors and rising property values in Tbilisi.
  • This is the first Trump-branded project in the region and part of the Trump Organization’s international real estate portfolio.
  • Additional details about the building’s design and sales will be shared in the coming months.
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CPSC Issues Multiple Product Recalls Over ‘Serious Risk of Injury or Death’

CPSC Issues Multiple Product Recalls Over ‘Serious Risk of Injury or Death’

Summary

The U.S. Consumer Product Safety Commission (CPSC) announced multiple recalls of consumer products on April 16 due to serious risks like choking, electric shock, fire, and burns. Many recalled items, including children’s toys, household appliances, and electronics, were sold online and through major retailers across the U.S.

Key Facts

  • The CPSC issued recalls on products with risks of injury or death, such as choking hazards, electric shock, and fire.
  • Toys recalled include Nvyue Magic Pocket Staffs, Atoyus activity cubes, Montessori toy sets, LED finger beam lights, Sanlebi Pet Vet playsets, and Lil Buddies pet laser toys.
  • Injuries reported from recalled toys include eye, face, and hand injuries, choking, and internal chemical burns from button cell batteries.
  • Electric pressure washers from several companies were recalled for lacking safety features and posing electric shock risks.
  • Generac portable generators and Apex Gaming PC power supplies were recalled due to fire, burn, and shock hazards.
  • Casely’s wireless portable power banks were recalled again after a prior recall and one reported death related to the product.
  • Kitchen items like Arch Studio tea kettles and Fisher & Paykel gas ranges were recalled due to burn hazards.
  • Portable adult bed rails sold on Amazon were recalled for entrapment and suffocation risks.
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Victoria Beckham ties up with Gap as retailer hopes luxe push will drive comeback

Victoria Beckham ties up with Gap as retailer hopes luxe push will drive comeback

Summary

Gap is partnering with luxury designer Victoria Beckham to launch a new collection aimed at attracting customers looking for higher-quality fashion. This move is part of Gap's plan to shift from mass-market clothing to more upscale products to improve its popularity and sales.

Key Facts

  • Gap was once very popular in the 80s and early 2000s for casual wear but lost favor over time.
  • The new Victoria Beckham collection includes 38 items like denim jackets and T-shirts, priced between £25 and £250.
  • Some pieces are inspired by Beckham’s high-end clothing and include styles seen at Paris Fashion Week.
  • The collection features classic Gap styles updated with Beckham’s design touch, including capri pants and a navy hoodie.
  • Gap’s CEO Richard Dickson is leading a strategy to make the brand more premium and design-focused.
  • Gap has previously collaborated with smaller brands and launched a premium line, GapStudio, to attract more selective shoppers.
  • The goal is to appeal to middle-income customers who want quality and style but at a moderate price, competing with brands like Uniqlo and Cos.
  • Experts say success depends on keeping consistent quality and clear branding between Gap’s premium and basic product lines.
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Super-slim Welsh house sells for just £45,000

Super-slim Welsh house sells for just £45,000

Summary

A very narrow one-bedroom house in Pentre, Wales, sold at auction for nearly £45,000, which is about double its original estimate. The small cottage is only 7.5 feet wide but includes a garden and garage, attracting strong interest with 35 bids.

Key Facts

  • The house is located in Pentre, Rhondda Cynon Taf, Wales.
  • It is 7.5 feet (2.2 meters) wide at its widest point.
  • The property has a lounge, dining area, kitchen, bathroom, and hallway.
  • It also has UPVC double-glazed windows, a garage, and a garden.
  • The starting price was £23,000, but it sold for just under £45,000.
  • There were 35 bids during the auction.
  • Similar very narrow houses exist in Wales and England, including one in Conwy that is only 6 feet wide.
  • The tiny houses attract attention as unique properties and historical landmarks.
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Here's how tariff refunds for businesses will work following Supreme Court ruling

Here's how tariff refunds for businesses will work following Supreme Court ruling

Summary

The U.S. Supreme Court decided that most of the tariffs imposed during President Donald Trump’s administration were unlawful. Because of this, the government may have to repay businesses up to $175 billion in tariff fees. Starting Monday, the government will begin handling refund requests from affected businesses.

Key Facts

  • The Supreme Court ruled that many tariffs from President Trump’s time were illegal.
  • The government may owe businesses up to $175 billion in refunds.
  • These tariffs were fees placed on imported goods during the Trump administration.
  • The refunds are for businesses that paid these tariffs on imports.
  • Starting Monday, businesses can request reimbursement from the government.
  • The refund process is expected to involve a large volume of claims.
  • Tariffs are taxes that make imported goods more expensive.
  • This ruling could have significant financial effects on the U.S. government budget.
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