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Just the Facts, from multiple news sources.

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Business news, market updates, and economic developments

WATCH:  Disney's Week of Wishes visits Avengers Campus

WATCH: Disney's Week of Wishes visits Avengers Campus

Summary

Disney held the first-ever Make-A-Wish Foundation event at Avengers Campus inside Disneyland Resort. This special event allowed children with critical illnesses to enjoy Disney attractions and meet characters in a unique setting.

Key Facts

  • The event took place at Avengers Campus, a Marvel-themed area in Disneyland Resort.
  • It was the first Make-A-Wish Foundation event held at this location.
  • Make-A-Wish is an organization that grants wishes to children facing serious medical conditions.
  • The event gave children a chance to experience rides and meet Marvel superheroes.
  • Disney organized this event to support and bring joy to these children and their families.
  • Avengers Campus features attractions and experiences based on Marvel superhero stories.
  • Disney frequently partners with nonprofits to create special events and experiences.
  • The event highlights Disney’s efforts to combine entertainment with community support.
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Fed holds benchmark interest rate steady as Americans face rising inflation

Fed holds benchmark interest rate steady as Americans face rising inflation

Summary

The Federal Reserve decided not to change its main interest rate for the third month in a row. This decision comes as inflation in the United States continues to rise.

Key Facts

  • The Federal Reserve kept its benchmark interest rate steady.
  • This is the third month with no change in the rate.
  • The decision is made because inflation is increasing in the U.S.
  • The benchmark interest rate influences borrowing costs for businesses and consumers.
  • The Federal Reserve uses interest rates to help control inflation and support the economy.
  • Rising inflation means prices for goods and services are going up.
  • The Fed’s choice affects loans, mortgages, and credit card interest rates.
  • This news was reported by CBS News.
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Spirit Airlines may be days away from collapsing

Spirit Airlines may be days away from collapsing

Summary

Spirit Airlines has only a few days’ worth of cash left to keep running, according to multiple sources. The airline may face a shutdown soon if it cannot secure more money.

Key Facts

  • Spirit Airlines is running low on cash.
  • The airline has only a few days of funds remaining.
  • Without additional money, Spirit Airlines might have to stop operations.
  • Multiple sources provided this information to CBS News.
  • The situation could result in the airline collapsing soon.
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David Allan Coe, outlaw country singer-songwriter, dies aged 86

David Allan Coe, outlaw country singer-songwriter, dies aged 86

Summary

David Allan Coe, a country singer-songwriter known for songs like "Take This Job and Shove It" and "You Never Even Called Me By My Name," died at age 86. Coe was known for his outsider style in country music and had a past that included time in prison.

Key Facts

  • David Allan Coe died at age 86; the cause of death was not disclosed.
  • Coe wrote hit songs including "Take This Job and Shove It" and "Would You Lay With Me (In a Field of Stone)."
  • He was considered part of the "outlaw country" music movement, often performing songs with raw and explicit lyrics.
  • Coe spent time in reformatories and prison during his youth and wrote his first album while incarcerated.
  • The singer toured with famous musicians like Willie Nelson, Kid Rock, and Neil Young.
  • He recorded distinctive R-rated albums criticized for offensive content, which he later regretted recording.
  • Coe appeared in movies including "Stagecoach" and "Take This Job and Shove It."
  • His wife, Kimberly Hastings Coe, confirmed his death and praised his talents.
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Powerball Winning Numbers: Dozens of $1M, $2M Tickets Sold—Here's Where

Powerball Winning Numbers: Dozens of $1M, $2M Tickets Sold—Here's Where

Summary

Two Powerball tickets sold in Indiana and Kansas shared the $143 million jackpot by matching all winning numbers. In addition to the jackpot winners, many other players won large prizes, with some earning $1 million and others $2 million using the Power Play feature.

Key Facts

  • Two winning tickets matched all six numbers: 3, 19, 35, 51, 67, and the red Powerball 15.
  • The jackpot was $143 million and was split between the two tickets.
  • 62 players won $1 million each by matching five numbers without the Powerball.
  • 27 players used Power Play, which doubles non-jackpot prizes, making their winnings $2 million.
  • Power Play costs an extra dollar per ticket and multiplies prizes except for the jackpot.
  • The winning tickets were sold in the states of Indiana and Kansas.
  • This jackpot win is rare because two tickets shared the top prize in the same drawing.
  • The information comes from a live Newsweek blog and may be updated as new details come in.
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Brent crude oil hits 4-year high on Iran worries

Brent crude oil hits 4-year high on Iran worries

Summary

Brent crude oil prices rose to their highest point in four years due to concerns about tensions near the Strait of Hormuz. The waterway remains closed, causing worries about oil supply, and chances for a peace deal to end the conflict appear low.

Key Facts

  • Brent crude oil briefly reached $126 per barrel, the highest in four years.
  • The increase happened because the Strait of Hormuz is closed.
  • The Strait of Hormuz is a key route for global oil shipping.
  • Supply fears pushed oil prices higher overnight.
  • Early Thursday, prices dropped slightly but remained elevated.
  • There is little hope for a quick deal to end the ongoing conflict.
  • Higher oil prices can affect fuel costs and the world economy.
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What are today's mortgage interest rates: April 30, 2026?

What are today's mortgage interest rates: April 30, 2026?

Summary

Mortgage interest rates for homebuyers and those refinancing changed after the Federal Reserve paused its interest rate increases in April 2026. As of April 30, 2026, the average 30-year mortgage rate is 6.37%, and the average refinance rate for the same loan length is 6.79%.

Key Facts

  • The Federal Reserve paused interest rate changes for the third time in 2026.
  • This pause influences mortgage interest rates, affecting borrowing costs.
  • Average mortgage rate for a 30-year loan is 6.37% as of April 30, 2026.
  • Average mortgage rate for a 15-year loan is 5.75%.
  • Average refinance rate for a 30-year loan is 6.79%.
  • Average refinance rate for a 15-year loan is 5.63%.
  • Homeowners usually benefit from refinancing if the new rate is at least 1% lower than their current rate.
  • Refinancing costs mean homeowners should plan to stay in their home long enough to recover expenses.
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Are fans being priced out of live gigs?

Are fans being priced out of live gigs?

Summary

Ticket prices for big stadium concerts by stars like Céline Dion and Taylor Swift have risen due to a practice called dynamic pricing, where prices change based on demand. This means some fans cannot afford tickets, but smaller and medium venues offer more affordable options without dynamic pricing.

Key Facts

  • Big concerts use dynamic ticket pricing, raising prices when demand is high.
  • Many fans say they cannot afford tickets for these large stadium shows.
  • Andrew Mall from Northeastern University explains that as long as some fans pay higher prices, this pricing will continue.
  • Smaller and medium-sized venues, hosting 500 to 3,500 people, usually do not use dynamic pricing and are doing well.
  • Going to live concerts is seen as a special experience because it involves real people performing together in front of an audience.
  • The rise of AI in music creation poses risks, such as fewer opportunities for live musicians and songwriters.
  • Ticketmaster's pricing practices, especially for popular tours, are under investigation in some countries like the UK.
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Mauritania sees gold rush in Sahara desert

Mauritania sees gold rush in Sahara desert

Summary

Mauritania is experiencing a rapid increase in gold mining in its Sahara desert region. This gold rush has become an important part of the country's economy in recent years, despite gold prices going up and down.

Key Facts

  • Gold mining sites are growing in number deep in Mauritania's Sahara desert.
  • The gold rush in Mauritania has developed significantly over the past few years.
  • This activity now plays a major role in Mauritania's economy.
  • Gold prices have fluctuated but continue to impact local economies in Africa.
  • The article is based on a report by France 24 journalists Sarah Sakho and Simon Martin.
  • Gold mining in Africa often influences economic growth and sometimes causes social challenges.
  • Mauritania's desert environment is a key location for this emerging gold industry.
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Negotiations to bail out Spirit Airlines have stalled. Here's how travelers may be impacted.

Negotiations to bail out Spirit Airlines have stalled. Here's how travelers may be impacted.

Summary

Spirit Airlines is running low on money and may have to stop flying soon if it does not get additional funds. Talks about a government bailout have slowed down, but the airline is still operating normally for now.

Key Facts

  • Spirit Airlines has only a few days of cash left to keep running.
  • If Spirit runs out of money, it may have to stop all flights.
  • Negotiations for a government bailout to help Spirit have stalled.
  • Despite money troubles, Spirit Airlines is still flying passengers as usual.
  • The budget airline’s financial situation is urgent and uncertain.
  • The bailout discussions aim to prevent a possible shutdown of Spirit Airlines.
  • Spirit is known as a low-cost carrier, affecting many travelers who use the airline.
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Smokey Bones Chain Closes All Restaurants Nationwide

Smokey Bones Chain Closes All Restaurants Nationwide

Summary

Smokey Bones, a barbecue restaurant chain, closed all its locations across the United States on April 28, 2026, after nearly 27 years in business. The closures came suddenly and followed bankruptcy filings by the parent company FAT Brands and its subsidiary Twin Hospitality Group.

Key Facts

  • Smokey Bones shut down all restaurants nationwide without prior warning on April 28, 2026.
  • The restaurant chain was known for ribs, wings, and fire-grilled dishes and had operated for almost 27 years.
  • The parent company, FAT Brands, filed for Chapter 11 bankruptcy protection in January 2026.
  • Twin Hospitality Group, which manages Smokey Bones, also filed for Chapter 11 bankruptcy in January 2026.
  • Earlier efforts had been made to close 15 underperforming Smokey Bones locations in September 2025.
  • Local officials in cities like Taunton, Massachusetts, were surprised by the sudden closures and are working to support affected workers.
  • The closure is part of a larger trend where many full-service and casual dining chains are closing restaurants due to rising costs and changes in consumer spending.
  • Other chains like Pizza Hut, Wendy’s, Papa John’s, Bahama Breeze, and Noodles & Company have also announced multiple restaurant closures in 2026.
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Limiting capital gains tax changes to new investments would ‘severely delay’ budget reforms, Deloitte says

Limiting capital gains tax changes to new investments would ‘severely delay’ budget reforms, Deloitte says

Summary

Deloitte says limiting capital gains tax (CGT) changes and stopping negative gearing rules to new investments only would slow needed budget reforms and economic growth in Australia. Including existing investments in the tax changes over three years could raise much more money for the government, which could then be used to cut income taxes for workers.

Key Facts

  • Deloitte estimates that applying CGT discount cut and negative gearing changes only to new investments would raise $500 million in four years.
  • Including all existing investments in the tax changes phased over three years could raise $18.8 billion in four years.
  • The extra revenue could pay for a 1% cut in the lowest income tax rate, giving a worker earning $45,000 an extra $500 annually.
  • Another option is to increase the tax-free income threshold to $35,000 and set a flat 33% tax rate up to $300,000 income.
  • Treasurer Jim Chalmers said any tax changes would include transitional arrangements that respect past investment decisions.
  • Deloitte advises allowing a transition period so investors can adjust before the new rules fully apply.
  • Deloitte’s report also noted Australia’s budget deficits may be smaller due to higher commodity prices and inflation helping company profits.
  • Labor’s reforms to the National Disability Insurance Scheme (NDIS) are expected to save money, but overall budget health depends on how savings are used.
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Oil prices hit wartime peak, with Brent crude touching $126 a barrel

Oil prices hit wartime peak, with Brent crude touching $126 a barrel

Summary

Oil prices reached their highest level since wartime began, with Brent crude going above $126 a barrel due to ongoing conflict involving Iran. Gasoline prices in the U.S. also hit new highs, with Americans paying much more at the pump than before the war started.

Key Facts

  • Brent crude oil price exceeded $126 per barrel, a wartime peak.
  • U.S. average gasoline price rose to $4.30 per gallon, the highest since July 2022.
  • Gas prices increased by $1.32 per gallon since the Iran war began on February 28.
  • California drivers face the highest gas prices in the U.S., averaging $6.01 per gallon.
  • The Strait of Hormuz remains closed, and the U.S. continues its blockade of Iranian ports.
  • President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz.
  • The Federal Reserve kept interest rates steady, noting that high energy prices add to inflation.
  • Brent crude was around $70 per barrel before the war started in late February.
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Financial Times journalists in dispute with management over plans for office days

Financial Times journalists in dispute with management over plans for office days

Summary

Journalists at the Financial Times are in disagreement with management over a plan to require staff to work in the office four days a week by the end of the year. The union voted to start a formal dispute process, raising concerns about fairness and financial impact, while the company says it is discussing the issue with union representatives.

Key Facts

  • The Financial Times management wants staff to be in the office four days a week, up from the current three days.
  • The union voted unanimously to begin a dispute procedure over this plan.
  • Staff worry the change may unfairly affect parents, especially mothers, and increase their expenses.
  • Some employees were hired with an understanding they would work three days in the office.
  • The new rule would apply only to about 500 to 600 editorial staff at the London headquarters.
  • Other departments and international offices would have more flexible working arrangements.
  • The Financial Times reported a 6% rise in global revenue to £540 million and a 41% increase in global profit in 2024.
  • The FT group’s paying audience grew from 2.57 million to 2.83 million in 2024, with 1.35 million digital subscribers.
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Oil prices hit highest level since Iran war's start

Oil prices hit highest level since Iran war's start

Summary

Oil prices reached their highest point since the Iran war started, with Brent crude briefly topping $126 per barrel before falling back. The rise is causing U.S. gasoline prices to increase and reflects concerns about ongoing disruptions near the Strait of Hormuz and possible military action.

Key Facts

  • Brent crude oil price peaked at over $126 per barrel before dropping to about $114.
  • West Texas Intermediate oil was priced around $104 per barrel.
  • U.S. gasoline prices rose to an average of $4.30 per gallon, over $1 higher than a year ago.
  • The oil market is reacting to a possible long disruption in supply due to the conflict near the Strait of Hormuz.
  • President Trump is scheduled to receive a briefing on potential military action plans in Iran.
  • U.S.-Iran talks have broken down, with President Trump rejecting Iran’s latest offer concerning the Strait of Hormuz.
  • The expiration of the June Brent futures contract may have contributed to price fluctuations.
  • U.S. officials are working to build an international coalition to secure navigation in the region.
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Don Jr.'s 'Apprentice' Could Help Brand Trump Keep Up With Kardashians

Don Jr.'s 'Apprentice' Could Help Brand Trump Keep Up With Kardashians

Summary

Amazon has considered bringing back the TV show The Apprentice with Donald Trump Jr. as the host. This move could help turn the Trump brand from a personal, attention-driven business into a more stable and family-run enterprise like the Kardashians’ brand.

Key Facts

  • Donald Trump’s brand earns money through merchandise, licensing, crypto projects, and golf properties.
  • The Trump brand depends heavily on Donald Trump’s personal fame and political status.
  • Amazon executives have discussed rebooting The Apprentice with Donald Trump Jr. as the host.
  • The Apprentice helped build Donald Trump’s brand in the 2000s and earned him hundreds of millions of dollars.
  • The Kardashian brand is used as a model for a lasting, family-run business with companies like SKIMS, valued in billions.
  • A Don Jr.-led show could turn the Trump brand into intellectual property governed by the family instead of one person.
  • This strategy might reduce the brand’s decline after President Trump’s time in office ends.
  • The goal is to make the Trump brand less dependent on constant media attention and more on long-term business systems.
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Bank of England leaves interest rates on hold

Bank of England leaves interest rates on hold

Summary

The Bank of England has decided to keep interest rates at 3.75% for now but warned that rates might go up later this year because inflation is rising due to the war in the Middle East. Inflation in the UK increased to 3.3% in March as energy prices rose, and the Bank expects more rate increases depending on how the conflict affects the economy.

Key Facts

  • The Bank of England’s monetary policy committee voted 8-1 to keep interest rates at 3.75%.
  • The war in the Middle East is causing inflation to increase in the UK.
  • Inflation rose to 3.3% in March, up from 3% in February.
  • Higher energy prices, especially fuel costs, are pushing inflation up.
  • Unemployment in the UK has been rising since 2024, which limits wage increases.
  • The Bank expects inflation to remain above its 2% target throughout the next few years.
  • In the worst case, inflation could reach 6.2% in early 2027 with interest rates rising to 5.25%.
  • The Bank outlined three economic scenarios, all involving rising inflation, higher unemployment, and the need for increased interest rates.
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Aldi Removing 44 Ingredients From Food Items—What Shoppers Should Know

Aldi Removing 44 Ingredients From Food Items—What Shoppers Should Know

Summary

Aldi plans to remove 44 more ingredients from its store-brand food, vitamins, and supplements by the end of 2027. This will affect around 90% of Aldi’s products and will happen gradually from April 2026 to December 2027, with the company aiming to keep prices steady.

Key Facts

  • Aldi will add 44 ingredients to its restricted list, raising the total to 57 restricted ingredients.
  • Changes will be made gradually over nearly two years, starting in April 2026.
  • The removed ingredients include artificial preservatives, colors, flavors, sweeteners, and additives like bromated flour, BHA, BHT, titanium dioxide, parabens, phthalates, and potassium nitrite.
  • Potassium nitrite, used in cured meats, is linked to health concerns like cancer risks due to nitrosamines.
  • Suppliers will need to redesign recipes since the new rules apply to hidden additives in sub-ingredients as well.
  • Aldi’s goal is to meet customer demand for simpler ingredients while keeping product quality and prices stable.
  • Aldi has removed some ingredients before, including synthetic colors in 2015.
  • Other retailers like Walmart and Target are also reducing artificial ingredients in their store brands.
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'Horrendous' stress for couple forced to pay monthly mortgage twice after law firm collapse

'Horrendous' stress for couple forced to pay monthly mortgage twice after law firm collapse

Summary

A couple in Wales was forced to pay their home mortgage twice because the law firm handling their remortgage closed suddenly and did not complete the transfer properly. The collapse of PM Law Group has affected hundreds of customers, and investigations are under way into suspected fraud involving nearly £40 million in client funds.

Key Facts

  • Gabriella and Kurtiss Smith were told their remortgage was complete, but they received payment demands from both Halifax and Nationwide banks.
  • PM Property Law, the firm handling their remortgage, closed abruptly in early February.
  • The couple had to borrow £6,000 from family and friends to cover payments to both mortgage providers.
  • Halifax refunded the extra payments and apologized for the delay after being contacted by the news.
  • The Solicitors Regulation Authority (SRA) and South Yorkshire Police are investigating PM Law Group for suspected fraud.
  • Almost £40 million in client funds are believed to have been improperly removed or misused.
  • Over £16 million has been paid out from a compensation fund to affected clients, with more payments planned.
  • The SRA will prioritize claims based on the risk of harm to claimants.
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The Hotel Brand Behind 'White Lotus' Is Opening Its First US Skyscraper

The Hotel Brand Behind 'White Lotus' Is Opening Its First US Skyscraper

Summary

A new 50-story skyscraper called Anantara Miami Resort & Residences is planned for Miami’s Edgewater neighborhood. It will be the first U.S. location for the Anantara luxury hotel brand, inspired by Thai culture and wellness, with private homes, hotel rooms, and wellness facilities. The building is expected to open in 2030.

Key Facts

  • The tower will be 650 feet tall and have 50 floors.
  • It will include 100 private branded condominiums, 120 resort residences (which can be rented like hotel rooms), and 50 five-star hotel suites.
  • The design is inspired by Thai traditions and focuses on wellness, including a vitality center for fitness and recovery.
  • The building will have a rooftop helipad.
  • The architecture is led by Kohn Pedersen Fox, a firm known for designing skyscrapers worldwide.
  • Patricia Urquiola will design the interiors, her first U.S. residential project.
  • The project is by One Thousand Group and Minor Hotels, the parent company of Anantara.
  • Sales for the residences are expected to start later in 2024 through Sotheby’s International Realty.
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