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The Actual News

Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Katy Perry loses trademark case against Australian designer Katie Perry

Katy Perry loses trademark case against Australian designer Katie Perry

Summary

Pop star Katy Perry lost a long-running trademark case against Australian designer Katie Taylor, who uses the brand name "Katie Perry." The High Court ruled that Taylor's brand did not harm or confuse Perry's established reputation in Australia.

Key Facts

  • Katy Perry, the singer, has been in a trademark dispute with Australian designer Katie Taylor, who uses the name "Katie Perry."
  • In 2007, Taylor registered her business name and applied for a trademark.
  • In 2009, Katy Perry's lawyers tried to stop Taylor from using the "Katie Perry" name but later dropped the legal action.
  • Taylor sued Perry in 2023 for trademark infringement and initially won.
  • The decision was overturned in 2024, but a recent ruling now sides with Taylor again.
  • The court found that Katy Perry's reputation in Australia was so strong that confusion was unlikely.
  • Taylor started using her brand name before she knew about the singer Katy Perry.
  • The case involved the sale of clothes in Australia under the Katie Perry brand and Katy Perry-branded merchandise during singer tours.

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Manager Takes Assistant to Client Lunch—Shock at What She Orders

Manager Takes Assistant to Client Lunch—Shock at What She Orders

Summary

A manager shared a story online about an assistant who ordered a larger meal than others at a client lunch, which led to a discussion about business etiquette. The manager advised the assistant to follow the client’s lead in meal choices to present a unified professional image. The situation sparked a debate online about proper conduct during business meals.

Key Facts

  • A manager took his assistant, Amy, to a client lunch to recognize her role in a business deal.
  • Amy ordered a larger meal than the manager and client, choosing steak and dessert, while the others had simpler meals.
  • The manager spoke to Amy after the meal, advising her to mirror the client’s meal choices for business strategy.
  • The assistant believed the conversation was about her weight, while the manager stressed it was about business norms.
  • This incident led to an online debate with some supporting the manager’s advice as important workplace etiquette.
  • Business etiquette experts say meal choices can impact how a company is perceived during professional meals.
  • The manager still sees Amy as having potential despite the misunderstanding.

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Jeffrey Epstein had two key aides - why do they still control his money and secrets?

Jeffrey Epstein had two key aides - why do they still control his money and secrets?

Summary

The article reports on two men, Richard Kahn and Darren Indyke, who are the executors of Jeffrey Epstein's estate. They manage Epstein's assets and are responsible for settling claims, including compensation for survivors of Epstein's crimes. Recently, a House congressional committee has summoned them to provide testimony related to their roles and knowledge of Epstein's affairs.

Key Facts

  • Richard Kahn was Jeffrey Epstein's accountant, and Darren Indyke was his lawyer.
  • Both men were named executors of Epstein's estate two days before his death in August 2019.
  • The FBI found valuables in Epstein's mansion safe, but the safe was emptied before they could collect them.
  • Kahn admitted to having the safe's contents moved to his home, later returning them untouched to the FBI.
  • As executors, Kahn and Indyke manage Epstein's wealth and have compensated victims under specific conditions.
  • A congressional committee has subpoenaed Kahn and Indyke to testify regarding Epstein's estate.
  • Epstein's estate was estimated at about $635 million at the time of his death.
  • Court documents suggest Kahn and Indyke had significant control over Epstein's financial accounts.

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The Aldi-style insurgents who could be about to shake up the vets market

The Aldi-style insurgents who could be about to shake up the vets market

Summary

Rising costs in the veterinary market are causing concern among pet owners in the UK. A government agency is investigating to find ways to make vet services more transparent and affordable. Ownership of vet practices is becoming concentrated, with more being owned by large corporations, which some believe is driving prices higher.

Key Facts

  • Vet bills have increased by 63% from 2016 to 2023, outpacing inflation.
  • A government agency called the Competition and Markets Authority (CMA) is investigating the veterinary industry.
  • By 2023, 60% of UK vet practices are owned by large corporate groups, up from 10% in 2013.
  • High-tech treatments for pets are contributing to rising costs.
  • In 2024, UK pet owners spent £6.3 billion on vet and pet-care services, averaging £365 per household.
  • Vet service prices vary across the UK, with emergency consultation fees ranging from £142 in Yorkshire to £295 in Manchester.
  • The CMA aims to increase transparency in pricing and ownership of vet practices.
  • The CMA may also suggest easier access to cheaper medicines online.

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U.S. sauna industry heating up as more embrace it to reduce stress

U.S. sauna industry heating up as more embrace it to reduce stress

Summary

The sauna industry in the United States is growing. More Americans are using saunas to lower stress and improve their health. Minnesota is a key area where sauna culture is thriving.

Key Facts

  • The U.S. sauna industry is expanding.
  • Saunas are an ancient Finnish practice.
  • Many Americans are using saunas to lower stress.
  • Saunas are also popular for health and wellness benefits.
  • Minnesota has a strong sauna culture.
  • Kaomi Lee from Twin Cities PBS reported on this trend.

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Donald Trump Announces $300 Billion 'America First' Oil Refinery in Texas

Donald Trump Announces $300 Billion 'America First' Oil Refinery in Texas

Summary

President Donald Trump announced a new $300 billion oil refinery project in Brownsville, Texas. This project involves a partnership with India's Reliance company and aims to boost U.S. energy production and create jobs.

Key Facts

  • President Trump announced a $300 billion oil refinery project in Texas.
  • The refinery will be located in Brownsville, Texas.
  • Trump described it as the first new U.S. oil refinery in 50 years.
  • The project is a collaboration with India's Reliance energy company.
  • The refinery aims to increase U.S. energy production and create jobs.
  • Trump emphasized that the project aligns with his "America First" energy policies.
  • The refinery is intended to be the cleanest in the world and will impact the U.S. economy positively.

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Medicare Warning: Premiums Set to Double

Medicare Warning: Premiums Set to Double

Summary

A report from the Senate Joint Economic Committee warns that Medicare Part B premiums might nearly double over the next decade. Rising program costs and overpayments to Medicare Advantage plans are the main reasons behind the expected increase in premiums.

Key Facts

  • Medicare Part B premiums may rise from about $2,200 per year in 2025 to $4,500 by 2035.
  • The increase is due to rising spending and overpayments to Medicare Advantage insurers.
  • Medicare Advantage overpayments added more than $200 per enrollee to Part B premiums in 2025.
  • Premiums cover 25% of Medicare Part B costs, so any spending increase raises premiums.
  • By 2035, overpayments could add approximately $450 to the annual premium.
  • Medicare Part B premiums are usually deducted from Social Security benefits, reducing net monthly checks for seniors.

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China's exports surge despite waning trade with the U.S.

China's exports surge despite waning trade with the U.S.

Summary

China's exports grew nearly 22% in the first two months of the year compared to the previous year, mainly due to increased shipments of computer chips, cars, and electronics. Despite declining exports to the United States, China's trade with the European Union and other regions has been strong, helping to offset any losses. President Trump's upcoming visit to Beijing may influence future trade relations between the U.S. and China.

Key Facts

  • China's exports increased by almost 22% in January and February compared to the same period last year.
  • Exports of computer chips, cars, and electronics were the main contributors to the rise.
  • Exports to the U.S. decreased by 11% in the first two months, while exports to the EU and Latin America grew by 28% and 16% respectively.
  • China's exports of semiconductors rose nearly 73% in value, partly due to high demand and prices.
  • President Donald Trump plans to visit Beijing in March, which may affect trade relations between the U.S. and China.
  • The U.S. Supreme Court ruled against Trump's broad tariffs, resulting in lower import duties on Chinese goods.
  • China's global trade surplus for January-February was $213.6 billion.
  • China's economy faces challenges such as slow domestic growth and potential impacts from the Middle East conflict on oil prices.

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Mercedes Has Many New, Family-Friendly Vehicles Coming

Mercedes Has Many New, Family-Friendly Vehicles Coming

Summary

Mercedes-Benz is introducing 40 new vehicle models over two years, focusing on family-friendly SUVs and enhanced vans. New models like the electric GLC SUV and VLE van offer more luxury and technology upgrades. These updates aim to combine Mercedes' traditional luxury with versatile, multi-purpose vehicle features.

Key Facts

  • Mercedes-Benz plans to launch 40 new models over two years.
  • The company is focusing on family-friendly and luxury vehicles.
  • The electric GLC SUV was recently unveiled by Mercedes.
  • The VLE van features major upgrades in comfort and technology.
  • The new models will have better infotainment and entertainment systems.
  • The VLE aims to combine luxury car comfort with van versatility.
  • Features like electric sliding doors and advanced tech are included in the VLE.
  • The VLE will be available in the U.S. by late 2027.

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Yamaha Announces Major California Exodus

Yamaha Announces Major California Exodus

Summary

Yamaha Motor Corp. USA is moving its headquarters from Orange County, California, to Kennesaw, Georgia. The move, which affects about 250 employees, aims to improve efficiency by consolidating operations in one place.

Key Facts

  • Yamaha has been based in California since the late 1970s.
  • The relocation involves moving the U.S. headquarters to Georgia.
  • Approximately 250 employees will be impacted by the move.
  • The decision is framed as a practical business move to reduce inefficiencies.
  • Yamaha has been operating from the Cypress Business Park since 1980.
  • The move leaves behind commercial property in Cypress, California.
  • City officials in Cypress plan to explore redevelopment options for the vacated site.

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Millions of People To Get Bigger Unemployment Payments Under New Bill

Millions of People To Get Bigger Unemployment Payments Under New Bill

Summary

A new bill in the New York State Senate aims to extend unemployment benefits from 26 weeks to 30 weeks. This change would allow eligible unemployed New Yorkers to receive benefits for nearly seven months and increase the potential amount they could receive.

Key Facts

  • The bill is called Senate Bill S9383 and was introduced by Democratic state Senator Robert Jackson.
  • It proposes to increase the maximum duration of unemployment insurance benefits from 26 weeks to 30 weeks.
  • New York's unemployment rate has risen slightly, from 4.4% to 4.6% over the past year.
  • The maximum weekly unemployment benefit in New York is $869.
  • The bill does not change existing eligibility or work-search rules for unemployment benefits.
  • The bill aims to provide economic stability and help workers meet basic needs during job searches.
  • New York's current maximum unemployment benefit duration is among the shortest compared to some other countries like France, Spain, and Germany.

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America’s Most Expensive Zip Codes

America’s Most Expensive Zip Codes

Summary

A study by Realtor.com reveals the most expensive zip codes in the U.S. Fisher Island in Florida holds the top spot for the highest median price per square foot. Other high-cost locations include Snowmass Village, Aspen, Balboa Peninsula, and West Village in New York City.

Key Facts

  • Fisher Island in Florida is the most expensive zip code in the U.S., with a median price of $3,174.20 per square foot.
  • The island offers exclusivity, privacy, and is in high demand due to limited space and global buyers.
  • Snowmass Village, Colorado, is the second-most expensive, with a median cost of $2,780.06 per square foot.
  • Aspen, Colorado, holds the third spot, with a median of $2,653.52 per square foot, known for its luxury lifestyle and skiing.
  • Balboa Peninsula in California ranks fourth, with a price of $2,475.04 per square foot, popular among surfers and boaters.
  • West Village in New York City is the fifth-most expensive, with a median cost of $2,284.76 per square foot, known for its European-style atmosphere.

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Leah McSweeney Speaks Out After Huge Ruling Against Bravo, Andy Cohen

Leah McSweeney Speaks Out After Huge Ruling Against Bravo, Andy Cohen

Summary

Leah McSweeney's lawsuit against Bravo and Andy Cohen will continue in public court after a judge ruled it can't move to private arbitration. The lawsuit claims that show producers prioritized entertainment over safety and exploited McSweeney's alcohol addiction for higher ratings.

Key Facts

  • Leah McSweeney, a former cast member of "Real Housewives of New York," filed a lawsuit against Bravo and Andy Cohen.
  • A judge ruled that the case will remain in public court, not private arbitration.
  • The lawsuit includes claims of defamation and unsafe working conditions.
  • McSweeney alleges producers pressured her regarding her sobriety to boost show ratings.
  • A judge criticized Bravo and Cohen for delaying the arbitration request.
  • The legal proceedings have been ongoing for two years.
  • The judge’s decision emphasizes the importance of public transparency in the legal process.

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Map Reveals Cities With Largest Surges in Home Listing Prices

Map Reveals Cities With Largest Surges in Home Listing Prices

Summary

In February, several U.S. cities experienced significant increases in home listing prices, with the Midwest seeing the highest jumps. Cincinnati, Kansas City, and Pittsburgh led these price hikes. Despite these increases, home prices in the Midwest remain lower than the national average.

Key Facts

  • Cincinnati, Ohio, had the largest increase in home prices, rising 4.3% with a median price of $338,841.
  • Both Kansas City, Missouri, and Pittsburgh, Pennsylvania, also saw a 4.3% rise in home prices.
  • San Jose, California, and Indianapolis, Indiana, reported increases of 3.5% and 3.3%, respectively.
  • The Midwest was the only region with a year-over-year price increase, up by 0.2%.
  • The South and the West showed a decline in home prices by 1.7% and 2.2%, respectively.
  • Midwest cities, such as Cincinnati and Kansas City, remain more affordable compared to the national average.
  • Despite more active listings, the U.S. housing market remains slow, partly due to economic uncertainty and higher mortgage rates.
  • Rising mortgage rates are influenced by the conflict in the Middle East and the Trump administration's tariffs.

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MHCC Class Action Settlement: How To Claim Up to $5,000 for Data Breach

MHCC Class Action Settlement: How To Claim Up to $5,000 for Data Breach

Summary

McLaren Health Care Corporation has agreed to pay $14 million to settle lawsuits related to data breaches that exposed sensitive patient information. The settlement allows affected individuals to claim up to $5,000 if they prove expenses or losses due to the breaches. The breaches occurred in 2023 and 2024, affecting millions nationwide.

Key Facts

  • McLaren Health Care Corporation is paying $14 million to settle lawsuits over data breaches.
  • The breaches exposed names, Social Security numbers, insurance details, and medical records.
  • The data breaches happened between July 28, 2023 - August 23, 2023, and July 17, 2024 - August 3, 2024.
  • Affected people may get up to $5,000 for documented losses like fraud or credit monitoring costs.
  • Eligibility for claims is not limited to Michigan residents; it applies nationwide.
  • To receive a payout, affected individuals must submit a claim through a court-approved website.
  • MHCC denies any wrongdoing but agreed to settle to resolve the claims.
  • The settlement also offers free credit monitoring and identity protection services.

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5 Warning Signs of an Impending US Recession

5 Warning Signs of an Impending US Recession

Summary

Recent U.S. economic data raises concerns about a possible recession in 2026. Key warning signs include job losses, decreased consumer spending, a struggling housing market, and low small business confidence. A new Middle East conflict could further impact the U.S. economy.

Key Facts

  • The U.S. lost 92,000 jobs in February according to the Bureau of Labor Statistics.
  • Job growth has been negative in five of the last nine months.
  • Consumer spending showed signs of decline, with retail sales dropping 0.2% in January.
  • Morgan Stanley predicted short-term spending might rise due to tax refunds, but this was before new Middle East conflict effects.
  • Oil price increases from global conflict could raise household costs significantly.
  • The housing market saw a significant drop in sales, with an 8.4% decline in January.
  • Small business confidence is low, indicating overall pessimism in future economic conditions.

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Court hears millions of PlayStation players charged unfair download fees

Court hears millions of PlayStation players charged unfair download fees

Summary

A legal case in the UK claims that Sony charged unfair fees to millions of PlayStation users for digital downloads. This class-action lawsuit seeks compensation for users who purchased digital games over the past decade. Sony argues that its business model prevents security risks and supports console sales.

Key Facts

  • The lawsuit claims millions of PlayStation users faced excessive and unfair download fees.
  • The case is brought by consumer advocate Alex Neill, aiming for a £2 billion compensation from Sony.
  • It affects users who bought digital PlayStation games or downloads over the last 10 years.
  • Claimants argue Sony forced users to buy from its PlayStation store, excluding competition.
  • Approximately 12.2 million users could receive around £162 each if the case succeeds.
  • Sony defends its model by citing security risks and the need to cover console costs.
  • The case is expected to last 10 weeks at a London tribunal.
  • This lawsuit is part of a broader trend against digital sales practices, with similar cases involving platforms like Steam and Apple.

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Uber Launches New Feature for Women—and Some Men Aren’t Happy

Uber Launches New Feature for Women—and Some Men Aren’t Happy

Summary

Uber has expanded its Women Preferences feature across the U.S., allowing women riders to choose women drivers for their trips. Some male drivers have filed a lawsuit claiming that this policy discriminates against them, alleging it limits their ride opportunities.

Key Facts

  • Uber's Women Preferences feature lets women riders request or reserve rides with women drivers.
  • The feature aims to give women more control over their Uber experience.
  • It was initially tested last summer and received positive feedback from women.
  • The feature is available in major U.S. cities like New York and Washington, D.C.
  • Two male drivers in California filed a lawsuit against Uber, claiming the feature discriminates against men.
  • The lawsuit states that the feature breaches California's Unruh Civil Rights Act, which prevents discrimination based on sex.
  • Uber's Women Preferences feature is used in over 40 countries and has facilitated around 230 million trips globally.
  • This feature also extends to Uber's teen accounts in some cities, allowing guardians to request women drivers for their children.

Source Verification

Trump Tariff Refund Update Expected This Week

Trump Tariff Refund Update Expected This Week

Summary

The Trump administration has a deadline to report its plan for refunding tariffs to the U.S. Court of International Trade this Thursday. These tariffs were overturned by the Supreme Court, and businesses are waiting for guidance on how and when they will get their refunds. Customs and Border Patrol aims to create a system to handle these refunds efficiently.

Key Facts

  • President Trump made tariffs a key part of his economic policy to support U.S. manufacturing.
  • The Supreme Court recently ruled against tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
  • This decision affects about $166 billion in collected tariffs.
  • Customs and Border Patrol (CBP) has requested 45 days to set up a system for processing refunds.
  • The CBP aims to issue refunds to over 330,000 importers.
  • More than 2,000 lawsuits have been filed by companies seeking refunds.
  • The refunds will be issued with interest, according to estimates.

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Calls grow for Reeves to ditch fuel tax hike over Iran

Calls grow for Reeves to ditch fuel tax hike over Iran

Summary

Opposition parties in the UK are asking Chancellor Rachel Reeves to cancel a planned increase in fuel taxes due to ongoing conflicts in Iran. The tax on petrol and diesel is set to rise in September, but concerns over energy price increases linked to the conflict are prompting calls to keep current lower rates. Some parties suggest covering the financial gap by cutting green subsidies.

Key Facts

  • Chancellor Rachel Reeves plans to raise fuel taxes on petrol and diesel starting in September.
  • This increase follows a previous 5p cut made due to Russia's invasion of Ukraine.
  • The conflict in Iran has raised fears of disruptions in energy supplies, causing higher prices.
  • Reform UK and other parties want the tax cut to stay, given the situation in the Middle East.
  • Reform UK proposes removing certain environmental subsidies to balance the budget.
  • The Conservatives have proposed a motion to potentially trigger a vote to prevent the tax increase.
  • Rachel Reeves mentioned efforts to provide drivers real-time fuel price data to help manage costs.
  • The existing 5p fuel tax cut was meant to be temporary but has been extended multiple times by various governments.

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