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The Actual News

Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Dietary Supplement Recall—12 Hospitalizations

Dietary Supplement Recall—12 Hospitalizations

Summary

Superfoods, Inc. recalled its "Live it Up Super Greens" supplements due to potential Salmonella contamination, which has been linked to 12 hospitalizations. The recall affects products sold nationwide in the United States and parts of the United Kingdom, and consumers are advised to dispose of the affected products and request a refund.

Key Facts

  • Superfoods, Inc. recalled the "Live it Up Super Greens" due to possible Salmonella contamination.
  • The contamination is reportedly linked to 12 hospitalizations in the U.S.
  • Salmonella can cause serious health problems like fever, diarrhea, and abdominal pain.
  • The recalled products include both Original and Wild Berry flavors, sold in pouches and stick packs.
  • Affected lot codes begin with "A" or "3" and have expiration dates from 08/2026 to 01/2028.
  • The products were sold online in the U.S., including Puerto Rico and Guam, and the U.K.
  • Consumers should check lot codes and email the company for a refund if they have the recalled products.

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West Coast Luxury Wellness Retreat Program Expands to Mexico

West Coast Luxury Wellness Retreat Program Expands to Mexico

Summary

A luxury wellness program created in the Western U.S. is expanding to Mexico's Baja California Peninsula. Sensei, a wellness brand, now offers its Optimal Wellbeing and Rest & Reset programs at the Ritz-Carlton property in Los Cabos. These programs use technology, such as wearable devices, to help guests improve their lifestyle and manage stress.

Key Facts

  • Sensei is expanding its wellness programs to the Ritz-Carlton Zadún Los Cabos in Baja California Peninsula, Mexico.
  • The programs offered are the Optimal Wellbeing Program and Rest & Reset Program.
  • These programs began in response to lifestyle disruptions from the pandemic.
  • The Optimal Wellbeing Program aims to help guests reset habits and enhance their wellbeing.
  • The Rest & Reset Program focuses on managing stress and improving sleep.
  • Technology like WHOOP devices is used to gather data and personalize guest plans.
  • Guests take part in wellness classes, nutrition coaching, and receive post-stay support through an online platform.
  • Reservations are currently open for these wellness programs.

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Macy's Makes Mass Layoff Announcement

Macy's Makes Mass Layoff Announcement

Summary

Macy's Inc. announced it will close a distribution center in Connecticut and lay off over 1,000 employees as part of efforts to update its supply chain. This decision is part of a broader strategy to modernize operations and improve customer service. The layoffs will begin in mid-March 2026 and continue through August.

Key Facts

  • Macy's is closing a fulfillment and distribution center in Connecticut.
  • Over 1,000 employees will be laid off due to these closures.
  • The company aims to modernize its supply chain and make operations simpler.
  • Employees were informed about layoffs in mid-January.
  • Macy's currently operates 424 stores, 21 'Small Format' locations, and 5 off-price 'Backstage' stores.
  • Earlier in January, Macy's announced closures of 14 underperforming U.S. stores.
  • Affected employees will receive details on benefits and severance, with some offered transfers to other locations.
  • The layoffs will start in March and continue through August, with some staff staying until April for transitional tasks.

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Trump credit card plan would be a 'disaster', JP Morgan boss warns

Trump credit card plan would be a 'disaster', JP Morgan boss warns

Summary

President Donald Trump proposed capping credit card interest rates at 10% for one year. Jamie Dimon, CEO of JPMorgan Chase, argued this plan could create economic problems and reduce credit availability for most Americans. Critics emphasize that many businesses and consumers might struggle if the cap is implemented.

Key Facts

  • President Trump suggested limiting credit card interest rates to 10% from January 20 for one year.
  • JPMorgan Chase CEO Jamie Dimon warned that this proposal could lead to economic problems.
  • Dimon said that capping rates could reduce credit access for 80% of Americans.
  • The plan has not been implemented yet and details about enforcement are unclear.
  • Trump reiterated the proposal on January 13 via social media.
  • Major banks and associations argue that the cap could harm consumers and businesses.
  • The current average interest rate for credit cards in the U.S. is around 20%.
  • Trump's proposal has caused some uncertainty in the stock market for credit card companies.

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How tiny Slovakia became a car making heavyweight

How tiny Slovakia became a car making heavyweight

Summary

Slovakia has become a major player in car manufacturing, producing nearly a million cars a year, which is the highest per capita in the world. Major car companies like Kia, Volkswagen, Stellantis, and Jaguar Land Rover produce vehicles there. Slovakia's low labor costs and high productivity have attracted these manufacturers.

Key Facts

  • Kia's plant in Zilina, Slovakia, produces up to 350,000 cars every year.
  • Major car companies, including Volkswagen, Stellantis, and Jaguar Land Rover, manufacture cars in Slovakia.
  • Slovakia produces almost one million cars annually, which is the highest per person worldwide.
  • Kia's factory represents a €2.5 billion investment and is a significant part of its European operations.
  • Employees at Kia's plant typically earn higher than Slovakia's national average salary.
  • The country's labor costs are lower compared to Western Europe, but productivity is high.
  • Foreign investments in Slovakia's car industry began after the fall of communism and have continued due to favorable economic conditions.
  • Slovakia's automotive industry shifted significantly post-1989, transforming into a robust sector with foreign investments.

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JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’

JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’

Summary

JPMorgan Chase CEO Jamie Dimon opposed President Trump's proposal to cap credit card interest rates at 10 percent, calling it an economic mistake. The proposed cap, intended to help save borrowers money, might restrict credit availability and impact rewards for many cardholders. The plan has found some bipartisan support, but faces challenges in Congress.

Key Facts

  • President Trump proposed capping credit card interest rates at 10 percent for a year.
  • Jamie Dimon, CEO of JPMorgan Chase, argues this cap would limit credit access for 80 percent of Americans.
  • A banking industry group suggests that the cap could cause credit card closures for those with credit scores below 740.
  • The cap might save borrowers about $100 billion a year according to a 2025 report.
  • Progressive Senator Elizabeth Warren and President Trump discussed possibly working together on the proposal.
  • Senator Bernie Sanders has a similar bill that suggests a 10 percent cap until 2031.
  • Polls show mixed public approval of President Trump's economic policies, with some disapproval.
  • The proposal faces significant political challenges in Congress.

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Donald Trump Doing 'Worst Thing' Possible for Housing Market: Economist

Donald Trump Doing 'Worst Thing' Possible for Housing Market: Economist

Summary

President Donald Trump is criticized by economist Peter Schiff for trying to prevent the U.S. housing market bubble from bursting. Schiff argues that sustaining the bubble could lead to worse economic damage. Trump spoke about his housing policy at the World Economic Forum, emphasizing his support for lower interest rates while avoiding actions that could lower home values.

Key Facts

  • President Trump said his goal is to prevent the housing market bubble in the U.S. from bursting.
  • Economist Peter Schiff argues that trying to sustain a bubble can cause more damage when it eventually bursts.
  • The median home sale price in the U.S. is about $428,000, making homeownership unaffordable for many.
  • Trump spoke at the World Economic Forum in Davos, advocating for lower interest rates.
  • Schiff has a history of predicting economic events, including the 2008 recession.
  • Schiff predicts a potential 20-30% drop in housing prices nationwide.
  • Michael Ryan, a finance expert, warned that keeping prices high can lead to a bigger correction.

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WATCH: Trump brags about making CEOs 'very rich' at World Economic Forum reception

WATCH: Trump brags about making CEOs 'very rich' at World Economic Forum reception

Summary

President Donald Trump, speaking at the World Economic Forum in Switzerland, told business leaders that his actions have made them wealthier. This event took place as U.S. Republicans urge him to address cost-of-living issues in America.

Key Facts

  • President Trump addressed business executives at the World Economic Forum in Davos, Switzerland.
  • He claimed that his policies have made these executives much richer.
  • The audience consisted of wealthy individuals and business leaders.
  • The World Economic Forum is an annual event where global leaders discuss economic and social issues.
  • In the U.S., Republicans are encouraging President Trump to focus on making living costs more affordable.
  • Rising prices are a concern for many Americans, especially with upcoming midterm elections.

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Donald Trump Is Looking for New Neighbors at Mar-a-Lago

Donald Trump Is Looking for New Neighbors at Mar-a-Lago

Summary

A home owned by the Trump Organization near President Donald Trump's Mar-a-Lago resort is available for rent at $122,500 per month. Located in Palm Beach, Florida, the property highlights the high demand for real estate in the area due to its proximity to the resort and other wealthy neighbors.

Key Facts

  • The home is owned by the Trump Organization and is in Palm Beach, Florida.
  • It is listed for rent at $122,500 per month, amounting to $1.47 million annually.
  • The property is adjacent to Mar-a-Lago and includes features like mahogany wood floors, a private pool, and beach access.
  • Palm Beach's strong real estate market partly drives up the high rental price.
  • Renting this home does not include membership to Mar-a-Lago or Trump International Golf Club.
  • There is increased property value and rent prices due to high demand and limited options near Mar-a-Lago.
  • Proximity to the area is seen as a desirable factor for its connection to influential individuals.

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Private Sector Should Solve Dollar Debasement Problem

Private Sector Should Solve Dollar Debasement Problem

Summary

The article discusses the issue of dollar debasement and inflation in the United States, highlighting the persistent rise in living costs and the government's financial challenges. It suggests that the private sector, with the help of technology, might find solutions to protect money's value as traditional government methods struggle. The article refers to historical instances where technology has successfully transformed previously rigid systems.

Key Facts

  • Inflation has led to a noticeable increase in the cost of groceries, rent, and insurance, while savings have lost value.
  • The U.S. government is experiencing challenges with widening deficits and difficulties in raising taxes or cutting spending.
  • The term "fiscal dominance" refers to the priority given to political survival over maintaining stable prices.
  • The detachment of the U.S. dollar from gold resulted in increased money printing and competition between debt interest payments and essential state spending.
  • The trade deficit persists because other countries sell cheaper goods to the U.S. to obtain dollars.
  • Technology has historically changed industries, such as private companies entering space travel, and could potentially address monetary issues.
  • Current methods to protect against currency debasement, like real estate and commodities, were not explicitly designed for this purpose.
  • Bitcoin's role as a stable asset is theoretical and was not its original design intention.

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US Trade Deal With Europe Halted Over Trump's Greenland Threats

US Trade Deal With Europe Halted Over Trump's Greenland Threats

Summary

A major trade deal between the U.S. and the EU has been put on hold after President Trump threatened tariffs related to Greenland. European lawmakers paused the agreement, which was set to cancel tariffs on U.S. industrial goods. The situation increases tension between the trading partners.

Key Facts

  • European lawmakers stopped approval of a trade deal with the U.S. due to threats from President Trump about tariffs linked to Greenland.
  • The deal would have removed tariffs on all U.S. industrial goods.
  • Trump threatened a 10% tariff on several European countries starting February 1, increasing to 25% on June 1.
  • This move by Trump aimed to push for negotiations related to the purchase of Greenland.
  • Bernd Lange, a key European lawmaker, emphasized that the decision supports Denmark and Greenland's sovereignty.
  • The trade deal, known as the Turnberry Deal, intended to cap tariffs on U.S. imports from the EU at 15% and eliminate tariffs on some items.
  • The EU-U.S. economic relationship was valued at about $1.5 trillion in goods and services annually.
  • This decision shows the EU’s commitment to stability and its allies in response to perceived threats.

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New Volvo SUV Gives US Buyers More of What They're Asking For

New Volvo SUV Gives US Buyers More of What They're Asking For

Summary

Volvo introduced the EX60, a new electric SUV designed for the U.S. market, aimed at meeting consumers' expectations on range, charging speed, and price. Despite a drop in electric vehicle (EV) sales in late 2025, overall EV sales in the U.S. remained strong, and Volvo's electric vehicle sales grew significantly. Volvo plans for most of its vehicle sales to be electric or hybrid by 2030.

Key Facts

  • Volvo launched the EX60, a new electric SUV, in the U.S.
  • U.S. sales of electric vehicles dropped in the fourth quarter of 2025.
  • 2025 was the second-best year for EV sales in the U.S.
  • Volvo's electric vehicle sales in the U.S. grew by 91% in 2025 compared to the previous year.
  • The new EX60 SUV can travel up to 400 miles on a single charge and adds 173 miles in 10 minutes of charging.
  • The EX60 is priced around $60,000, making it competitive with plug-in hybrids.
  • Volvo's goal is to have 90-100% of its sales be electrified vehicles, including plug-in hybrids and full electrics, by 2030.

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This Five Guys Restaurant Has Something No Other Location Does

This Five Guys Restaurant Has Something No Other Location Does

Summary

Five Guys has opened a new flagship restaurant in Las Vegas at The Venetian Resort, which is unique because it includes a walk-up bar and offers an all-day breakfast menu. The restaurant is designed to reflect the Las Vegas atmosphere and stays open from 8 a.m. to 4 a.m. every day.

Key Facts

  • The new Five Guys restaurant is located at the Grand Canal Shoppes in The Venetian Resort, Las Vegas.
  • It features a full walk-up bar and an all-day breakfast menu, which are new for Five Guys.
  • The restaurant is open daily from 8 a.m. to 4 a.m.
  • Traditional menu items like customizable burgers and milkshakes are still available.
  • The interior design includes Las Vegas-themed decorations like murals and neon signs.
  • There is a glass-walled potato prep room where guests can see how fries are made.
  • The restaurant opening coincides with the 40th anniversary of Five Guys.
  • A special celebration event is planned to launch the new features.

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Next buys shoe chain Russell & Bromley but 33 shops at risk

Next buys shoe chain Russell & Bromley but 33 shops at risk

Summary

The fashion company Next has bought the shoe retailer Russell & Bromley for £2.5 million. This acquisition includes three stores and some stock, while the fate of the remaining stores and employees is uncertain. Russell & Bromley is struggling in a difficult retail market, joining other brands facing similar challenges.

Key Facts

  • Next bought Russell & Bromley for £2.5 million.
  • The deal includes three out of Russell & Bromley's 36 stores and some existing stock.
  • Next paid an additional £1.3 million for the stock.
  • The future of the remaining 33 stores and around 400 employees is uncertain.
  • Russell & Bromley went into administration, a process where a company is helped to pay its debts.
  • The brand is about 150 years old.
  • Other retail brands like Claire’s and The Original Factory Shop are also facing administration.
  • Next aims to provide stability and maintain the legacy of Russell & Bromley.

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Blake Lively called Justin Baldoni 'a clown' in text messages

Blake Lively called Justin Baldoni 'a clown' in text messages

Summary

Newly unsealed court documents show that actress Blake Lively called director Justin Baldoni a "clown" in text messages. Lively has filed a lawsuit against Baldoni for sexual harassment and defamation, while Baldoni denies these claims. The case will go to trial in May 2025, and the texts reveal tensions during the filming of "It Ends With Us."

Key Facts

  • Blake Lively called Justin Baldoni a "clown" and "doofus director" in text messages from 2023.
  • Lively sued Baldoni in December 2024, accusing him of sexual harassment and a smear campaign.
  • Baldoni has denied all the allegations and is defending against the lawsuit.
  • Baldoni's $400 million counter-suit was dismissed by a judge in June.
  • The trial for Lively's case is set for May 2025.
  • The messages between Lively and her friends indicate frustration with Baldoni during the filming and promotion of "It Ends With Us."
  • In the texts, Lively mentioned feeling bad for Baldoni despite his behavior.
  • Lively's team claims that the text messages are missing important context.

Source Verification

Trump’s Greenland Threats Spark ‘Sell America’ Trade

Trump’s Greenland Threats Spark ‘Sell America’ Trade

Summary

President Donald Trump's comments about buying Greenland and imposing tariffs on countries opposed to the idea have unsettled financial markets. This has led investors to sell U.S. stocks and bonds, causing a drop in U.S. market indexes and the dollar value. Some investors are concerned about ongoing uncertainty and the stability of the U.S. economy.

Key Facts

  • President Trump wants to acquire Greenland and plans to increase tariffs on countries against this move.
  • The proposed tariffs will start at 10% and could rise to 25% by June 1.
  • Major U.S. stock indexes fell sharply, with declines in the Dow Jones, S&P 500, and Nasdaq.
  • Investors are selling U.S.-linked assets due to fears of economic uncertainty and strained international relations.
  • A Danish pension fund decided to sell its U.S. Treasury holdings, citing poor U.S. government finances.
  • The U.S. administration downplays the impact of these investor actions.
  • President Trump stated the U.S. will not forcibly take Greenland.

Source Verification

Millions Unable to Access Kalshi Weeks Before Super Bowl After Ruling

Millions Unable to Access Kalshi Weeks Before Super Bowl After Ruling

Summary

A Massachusetts judge blocked residents from using Kalshi, a platform for prediction markets, which affects betting on sports events like the Super Bowl. The judge ruled that Kalshi needs a state sports wagering license under Massachusetts law. This decision impacts millions of users and the company's operations.

Key Facts

  • A Massachusetts judge blocked Kalshi from operating without a sports wagering license in the state.
  • The decision affects millions of users, especially ahead of the Super Bowl.
  • Kalshi allows users to predict outcomes for various topics, including sports and politics.
  • Sports betting made up 70% of Kalshi's income during a part of last year.
  • Kalshi has about two million users across the U.S. and is valued at over $2 billion.
  • Several states have challenged Kalshi on legal grounds, but Massachusetts is the first to stop operations.
  • The Massachusetts Attorney General filed a lawsuit in 2025 claiming Kalshi did not have the necessary license.
  • The judge disagreed with Kalshi’s argument that federal law covers their sports event contracts, stating state laws apply.

Source Verification

BBC to make shows for YouTube in new landmark deal

BBC to make shows for YouTube in new landmark deal

Summary

The BBC has formed a new deal with YouTube to create content specifically for the platform. This move targets a younger digital audience and will start with coverage of the Winter Olympics. The partnership will also generate revenue for the BBC through ads viewed outside of the UK.

Key Facts

  • The BBC will produce new shows specifically for YouTube as part of a new agreement.
  • This content will target younger audiences who typically watch digital media.
  • The BBC's new shows will include entertainment, news, and sports, starting with the Winter Olympics.
  • Ads shown outside the UK will help the BBC earn extra money.
  • The partnership aims to enhance the BBC's reach and connect with audiences in new ways.
  • YouTube and the BBC will also launch a training program for new UK content creators.
  • Social media and video platforms have surpassed traditional news sources in popularity in some areas, including the US.

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Newsweek New & Noteworthy: Products You Need to Try (Jan 21, 2026)

Newsweek New & Noteworthy: Products You Need to Try (Jan 21, 2026)

Summary

Newsweek showcases a variety of new consumer products in its New & Noteworthy feature. This week includes items like creatine gummies for women, a compact camera by Kodak, and a Clorox spray for allergens. The feature aims to keep consumers informed about the latest product trends across different categories.

Key Facts

  • Newsweek's New & Noteworthy helps consumers discover new products across various categories.
  • This week's products include Lemme's creatine gummies, Kodak's instant camera, and Clorox's allergen spray.
  • Kodak Printomatic+ is a camera that prints photos instantly and costs $79.99.
  • Clorox Pure Daily Air Spray is designed to neutralize household allergens and costs $5.97.
  • egglife Chipotle Egg White Wraps offer a low-carb, high-protein alternative for meals and are priced at $6.89.
  • DripDrop Zero Sugar Plus is an electrolyte drink mix with no artificial sweeteners, priced at $27.99.
  • Lemme Creatine Gummies provide 5 grams of creatine and support muscle and cognitive health, sold for $24.00.

Source Verification

Trump 2.0 stock market underperforms Trump 1.0

Trump 2.0 stock market underperforms Trump 1.0

Summary

U.S. stock market performance during the first year of President Trump's second term was lower compared to the same period in his first term and also underperformed the first years of the Biden and Obama presidencies. The S&P 500 rose by 15.7%, while it had increased by 24.1% in Trump's first term and 19.3% in Biden's first year. Other stock indices showed mixed results.

Key Facts

  • The S&P 500 index increased by 15.7% during President Trump's first year of his second term.
  • In Trump’s first term, the S&P 500 went up by 24.1% in the first year.
  • During Biden's first year, the S&P 500 increased by 19.3%.
  • The S&P 500 gained 35.9% during Obama’s first year in office.
  • The Dow Jones Industrial Average increased by 13.5% in the past year under Trump 2.0.
  • Under Trump 1.0, the Dow Jones was up 32.1%, compared to 13.3% under Biden and 58% under Obama.
  • The Nasdaq rose by 19.8% in Trump 2.0’s first year, but it increased by 32.4% in Trump 1.0’s first year.
  • Stocks experienced a significant sell-off on a recent Tuesday, with the S&P 500 dropping over 2%.

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