Cattle farmers are pushing for a new law to make forest management easier, hoping it will reduce wildfire risks. Additionally, they are concerned about President Trump's plan to import beef from Argentina, which they believe might harm American cattle producers. The Senate committee has moved forward with the legislation, but opposition remains due to concerns over logging and limited public input.
Key Facts
The Senate Agriculture Committee voted 19-5 to advance the Fix Our Forests Act.
The National Cattlemen’s Beef Association supports the bill to help reduce wildfire risks.
The new law would encourage using livestock grazing to manage fire risks.
President Trump's plan to import beef from Argentina faces criticism from U.S. cattle farmers.
Beef prices have increased due to a shortage of cattle and high demand in the U.S.
The bill is backed by a bipartisan group of senators who introduced it in April.
Opponents argue the bill favors the logging industry and limits public discussion.
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Moody's Analytics chief economist Mark Zandi analyzed the U.S. economy and found that 22 states and Washington, D.C., are at high risk of recession. The analysis used various economic data to assess which states are either growing, treading water, or nearing a recession. Despite national GDP growth, there are concerns about slowing job growth and inflation.
Key Facts
Moody's economist Mark Zandi reports 22 states and Washington, D.C., are at high risk of recession.
About one-third of the U.S.'s GDP comes from these areas at risk.
The U.S. economy grew by 3.8% in the second quarter of the year.
Michigan changed from "treading water" to high-risk status since August.
Economic assessments include measures like employment data, industrial production, and retail sales.
Washington, D.C.'s economy struggles due to federal job cuts.
Texas' economy is expanding, while California and New York are "treading water."
Concerns about slower job growth and tariffs affecting consumer goods prices remain.
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WNBA player Kelsey Plum is joining the founding team of Buffy Protein, a new company making a protein dip. Plum will help promote and expand the brand, which is led by women and aims to offer tasty and nutritious snack options. Buffy Protein uses real chicken and cottage cheese to provide protein-rich dips.
Key Facts
Kelsey Plum is a two-time WNBA champion and Olympic gold medalist.
Plum will serve as both a brand ambassador and founding team member for Buffy Protein.
Buffy Protein is a new company that makes a protein dip using chicken and cottage cheese.
The company is led by women and focuses on providing tasty and nutritious snack options.
Buffy Protein intends to expand its presence in retail with Plum's help.
Pre-orders for Buffy Protein's "Whoa, Buffalo" flavor are available, with shipping set for December.
Buffy Protein aims to offer an alternative to the usual protein products like whey powders.
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Newsweek has introduced a new series called "New & Noteworthy" that highlights new consumer products each week. This week's featured items include a new popcorn kit by Kraft and Pop Secret, Annie's new fruit snacks, and a sensitive skin razor by Gillette. The series aims to help consumers discover innovative products across various categories.
Key Facts
Newsweek launched "New & Noteworthy" to showcase new consumer products weekly.
Kraft and Pop Secret teamed up to release a popcorn kit.
Annie's introduced limited edition organic fruit snacks shaped like bunnies and bats.
Gillette launched the Venus Extra Smooth Sensitive Razor for sensitive skin.
Ajinomoto Hane-Style Gyoza offers frozen gyoza that cooks with a crispy texture in 10 minutes.
Thomas’ High Protein Bagels provide 20 grams of protein per bagel.
Suave introduced Advanced Healing Hand & Body Lotion with intensive moisture formula.
The series targets a variety of consumer categories, including food, beauty, and home goods.
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Inflation in the UK was lower than expected last month, at 3.8%, which is good news for households and the government. However, it is still above the Bank of England's target, and some areas, like services, have seen big price increases. The government may offer new relief in the upcoming Budget to help with costs, especially energy bills.
Key Facts
Inflation in the UK was 3.8% for the year to September, lower than feared.
The Bank of England's inflation target is 2%, so current numbers are still above target.
Services, such as hotels and restaurants, have seen significant price increases.
Food prices dropped in September, easing somewhat after previous highs.
Wage growth is faster than inflation, helping ease the cost-of-living pressure.
Chancellor Rachel Reeves hinted at possible help for energy bills in November's Budget.
Businesses are concerned that more tax increases could lead to higher inflation.
Interest rate cuts are not likely soon, but a possible cut might happen in December.
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Americans continue to buy products like high-priced drinks and pickup trucks, showing that consumer spending remains strong despite economic challenges. Major companies report solid sales, and some feel that tariffs have not harmed them as much as expected. Concerns persist about lower-income consumers cutting back on spending, which could impact the economy.
Key Facts
Consumer spending in the U.S. remains strong, even without recent government economic data.
Major brands like 3M report strong demand for products despite weak consumer sentiment.
General Motors reported better earnings, partly due to high demand for pickup trucks and lower impacts from tariffs.
Coca-Cola notes a divide, with higher-income consumers buying more, while lower-income consumers reduce spending.
The economic divide, or bifurcation, shows some consumers thriving while others struggle.
Inflation and other issues like trade uncertainty continue to affect economic dynamics.
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Several U.S. companies have stopped sponsoring H-1B visas after President Donald Trump's administration imposed a new $100,000 fee for new applications. This fee applies to new foreign workers in specialized fields who are not currently in the U.S. Some companies will continue sponsorship, while others are cutting back or pausing it due to the increased cost.
Key Facts
The U.S. government introduced a $100,000 fee for new H-1B visa applications.
This fee is for new applicants outside the U.S., not for current visa holders or renewals.
Companies such as Nvidia will continue sponsoring H-1B visas and cover the new fees.
Other companies like Cognizant and Intuitive Surgical have paused or reduced their H-1B sponsorship.
The Chamber of Commerce has filed a lawsuit against the new fee, calling it too expensive for many U.S. businesses.
The fee does not apply to those already in the U.S. legally, seeking status changes or extensions.
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A supermarket called Waitrose stopped an autistic man named Tom from volunteering after his mother asked if he could be paid for his work. Tom had been helping at the store in Greater Manchester since 2021 as part of his skills development but was told he couldn't continue due to not being able to perform the full role of a paid staff member. Waitrose is currently looking into the situation.
Key Facts
Tom Boyd is an autistic man who volunteered at a Waitrose store in Greater Manchester.
He started volunteering there in 2021 as part of a work experience program.
Tom worked unpaid, stacking shelves and tidying, which he enjoyed and found meaningful.
His volunteering ended after his mother asked if he could have a few paid hours.
The store's head office said he couldn't continue because he couldn't perform the full role.
Waitrose stated they are investigating the matter and aim to be an inclusive employer.
Volunteers do not have the same rights as employees, according to UK government guidelines.
Tom's mother wishes for legal protections for volunteers similar to those for employees.
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A top economist from the Mortgage Bankers Association predicts that the U.S. mortgage rates will stay above 6% until the end of 2028, due to a growing federal deficit and high inflation. Despite expectations that rates might fall, continued economic uncertainty and fiscal pressures make further declines unlikely.
Key Facts
Mortgage rates are predicted to remain between 6% and 6.5% through 2028.
The federal deficit and high inflation are key reasons for maintaining high mortgage rates.
Mortgage rates have been between 6% and 7% for the past three years.
The rates increased following the Federal Reserve's efforts to combat inflation in 2022.
Despite some Federal Reserve rate cuts, mortgage rates have not significantly decreased.
The average 30-year fixed mortgage rate was 6.27% as of mid-October 2023.
The Federal Reserve affects mortgage rates indirectly by influencing bank borrowing costs.
A government shutdown and other economic factors could impact the Federal Reserve's future actions on interest rates.
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The UK inflation rate was 3.8% in September, staying the same as in July and August. This figure was lower than experts expected, as they anticipated a rise to 4%.
Key Facts
The UK inflation rate remained at 3.8% in September.
This rate matched the inflation rates from July and August.
Experts had predicted inflation would increase to 4% in September.
The Bank of England targets a 2% inflation rate, which is lower than the current rate.
Petrol prices and airfares were significant factors contributing to inflation.
Food and non-alcoholic drink prices decreased for the first time since May of the previous year.
Recreational and cultural items, including live events, had lower prices.
The inflation rate is still much lower than October 2022's peak rate of 11.1%.
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Eurostar has ordered up to 50 double-decker high-speed trains from the manufacturer Alstom for use in the Channel Tunnel. This order aims to expand Eurostar's fleet and increase passenger capacity. The company plans to invest in a London depot to accommodate these new trains.
Key Facts
Eurostar ordered 30 double-decker trains, with an option for 20 more, in a €2 billion deal.
The new trains, called "Celestia," are the first double-decker high-speed trains to run through the Channel Tunnel.
Each train is 200 meters long, with the potential to run two trains together for a 400-meter service.
Eurostar plans to increase its fleet size by nearly a third with this order.
The company aims to grow passenger numbers from 19.5 million to 30 million.
Eurostar will invest €80 million in the Temple Mills depot in London to support the larger trains.
The Temple Mills depot is the only UK facility equipped to handle large continental trains.
Other companies are aiming to start cross-Channel rail services, and a regulator will decide on access to the depot soon.
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Former Treasury Secretary Larry Summers warned that the national deficit could lead to higher mortgage rates unless federal revenues increase. He discussed two scenarios: one where current economic growth continues, causing unsustainable fiscal conditions and rising rates, and another where artificial intelligence boosts economic growth and helps manage the deficit.
Key Facts
Larry Summers, a former Treasury Secretary, warned about possible rising mortgage rates due to the national deficit.
The average 30-year fixed mortgage rate was 6.27% as of October 16.
Mortgage rates were down from a peak of 7.79% in late October 2023 but still higher than pandemic lows.
Summers suggested two outcomes: continued growth leading to high rates or AI-driven growth managing the deficit.
The U.S. had a federal deficit of $1.78 trillion for the fiscal year ending in September 2024.
AI investment in the U.S. private sector was $109.2 billion in 2024, significantly higher than China's.
AI-related contributions to GDP growth were noted at 1.1% in early 2025.
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Many Americans are using new ways to manage holiday spending. A study by PayPal shows people are using artificial intelligence (AI) to find deals and "buy now, pay later" (BNPL) loans to finance holiday purchases.
Key Facts
77% of people who have used AI for shopping plan to use it again this year.
34% are specifically using AI to search for discounts.
Half of the consumers plan to use BNPL loans to help pay for holiday shopping.
PayPal's survey included responses from 1,000 American adults.
52% are more likely to buy something when BNPL is available.
Americans plan to spend an average of $890.49 per person on holiday items this year.
85% expect higher prices during the holiday season.
63% plan to wait until the Thanksgiving weekend for discounts.
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Amazon plans to use robots to avoid hiring over 500,000 new workers in the next eight years. This strategy aims to improve efficiency and reduce the need for many new jobs.
Key Facts
Amazon aims to avoid adding more than 500,000 new jobs.
The company plans to achieve this by using robots.
This initiative spans the next eight years.
The goal is to improve efficiency in Amazon's operations.
The New York Times originally reported this news.
NPR's A Martinez discussed the topic with a Times reporter.
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Pop Mart, the company that makes Labubu dolls, saw its sales grow significantly after launching mini versions of the toys in August. The increase in sales was particularly strong in the U.S. and Europe, contributing to a jump in the company's stock value.
Key Facts
Pop Mart launched mini versions of its Labubu dolls in August.
Sales for the company increased by about 250% for the three months ending in September compared to the same period last year.
Revenue in the U.S. increased by more than 1,200%, and in Europe by over 700%.
Pop Mart's stock market value rose to about $45.5 billion following a share gain.
Labubu dolls are elf-like creatures with jagged teeth sold in "blind boxes."
The toys have gained popularity in part due to celebrity endorsements.
Pop Mart operates over 2,000 vending machines and stores worldwide.
The company went public on the Hong Kong Stock Exchange in 2020, with its share price increasing by more than 280% since its IPO.
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The UK has banned gambling ads featuring Formula 1 driver Lewis Hamilton and the Chelsea football club logo due to concerns they might influence children. The UK's Advertising Standards Authority (ASA) found that these ads had strong appeal to viewers under 18 and did not meet their advertising guidelines.
Key Facts
Ads from gambling companies Kwiff and Betway have been banned in the UK.
The ads featuring Lewis Hamilton and the Chelsea logo were banned over concerns they appealed to children.
The ASA enforces rules about ads not strongly appealing to under-18s.
Kwiff's ad depicted Hamilton promoting the British Grand Prix, with an "18+" symbol.
Betway's ad on YouTube featured Chelsea fans and raised concerns of child exposure.
Betway argued that YouTube's ad policies offer protection from under-18s viewing age-restricted content.
The ASA noted that children may not always use their real birth dates on YouTube.
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The article debunks common haircare myths, emphasizing that healthy hair relies on simple practices rather than expensive products or trendy routines. Experts explain that cold water doesn't make hair shinier, products can't truly repair damaged hair, hair doesn't clean itself naturally, and dry shampoo shouldn't replace regular washing.
Key Facts
Cold water does not add extra shine to hair.
Only a haircut can fix split ends; products offer temporary improvement.
Cutting hair does not make it grow faster.
Hair needs regular washing to avoid dirt and oil buildup.
Dry shampoo can be used between washes but is not a replacement for washing hair.
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Orange juice prices in the UK have drastically increased, rising from 76p per litre in 2020 to £1.79 in 2023. Factors affecting this price surge include crop diseases, extreme weather, and global economic challenges. The situation reflects wider grocery inflation trends impacting supermarket prices.
Key Facts
Orange juice prices in UK supermarkets rose 134% from 2020 to 2023.
A glass of orange juice in some cafes can cost up to £9, partly due to freshly squeezed juice.
Manufacturers are using mandarins instead of oranges to cut costs.
Crop diseases and extreme weather have affected orange production in Brazil.
Brazil faced its worst orange crop since 1988 due to drought and disease.
Inflation in grocery prices was 17.5% in 2023, but decreased to about 5.7% in August before rising again.
The current situation with orange juice prices mirrors a broader trend of increasing grocery costs.
Orange juice consumption remains significant, with 2.5 billion gallons consumed annually worldwide.
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The head of Merlin Entertainments, Fiona Eastwood, states that their main competition comes from people choosing to stay at home on their devices. She discusses how the company is dealing with economic challenges and the importance of seasonal events like Halloween in boosting profits. Merlin plans to attract visitors by partnering with popular brands for new attractions.
Key Facts
Merlin Entertainments sees screens at home as their biggest competitor.
Fiona Eastwood highlights the role of seasonal attractions like Halloween in increasing profits.
The company's revenue in the last year was slightly over £2 billion but had an operating loss of £132 million.
Merlin attracted around 63 million visitors in 2024.
The company is investing £85 million in immersive experiences featuring popular brands like Minecraft.
New themed attractions will include a Bluey ride and a PAW Patrol land in 2025.
Fiona Eastwood supports reducing VAT in hospitality from 20% to 12.5% to boost growth.
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Walmart has decided to pause hiring workers who need H-1B visas due to a new $100,000 fee introduced by President Trump. This pause follows an executive order aimed at addressing "abuse" of the H-1B visa program, which allows skilled foreign workers to work in the U.S. Walmart is one of the largest users of this visa program in the retail sector.
Key Facts
Walmart will stop hiring workers who need H-1B visas because of a new $100,000 fee.
President Trump signed an executive order introducing this fee for H-1B visa applicants.
Walmart had more than 2,000 H-1B visas approved in the first half of 2025.
The H-1B program is used by many tech companies, like Amazon and Microsoft, to hire international talent.
Critics say the fee will make hiring skilled foreign workers too expensive for many businesses.
Business groups, such as the US Chamber of Commerce, are challenging the fee in court.
India and China are the main sources of H-1B visa recipients.
The White House says the fee is a necessary first step toward reforming the visa program.
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