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Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Amazon Recall: People Urged Stop Using Products 'Immediately'

Amazon Recall: People Urged Stop Using Products 'Immediately'

Summary

The U.S. Consumer Product Safety Commission (CPSC) has recalled three products sold on Amazon due to safety concerns. These products include a magnetic fidget spinner set, ethanol fuel bottles, and children's pajama sets. No injuries have been reported, but consumers are urged to stop using these items immediately and seek refunds.

Key Facts

  • The recalled products include Anzmtosn Magnet Fidget Spinner Sets, Demlar MoonSoll and Magic Chems Fuel Bottles, and Mallimoda Children's Pajama Sets.
  • About 490 units of the fidget spinner sets were recalled because the magnets pose a swallowing hazard for children.
  • Approximately 18,200 ethanol fuel bottles were recalled as they lack safety devices to prevent flash fires, and they incorrectly claim to be "Non-Toxic."
  • Around 2,100 children's pajama sets were recalled for failing to meet safety standards, posing a burn risk to children.
  • The CPSC advised consumers to stop using these products and contact the sellers for refunds.
  • No injuries have been reported from any of the recalled products as of November 20, 2025.
  • Customers should provide proof of disposal to get refunds for the recalled items.
  • The products were available on Amazon, with sales ranging from May 2021 to June 2025.

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T-Mobile Announces Change to ‘Free’ Apple TV Perk

T-Mobile Announces Change to ‘Free’ Apple TV Perk

Summary

T-Mobile announced that starting January 1, 2026, it will end its free Apple TV+ subscription for customers. As Apple TV+ has increased its subscription price, affected T-Mobile customers will now pay $3 per month after a discount, with the option to cancel the subscription.

Key Facts

  • T-Mobile will stop offering free Apple TV+ subscriptions to its customers starting January 1, 2026.
  • The free subscription was part of the "Apple TV On Us" promotion for high-tier plans since 2022.
  • T-Mobile has nearly 140 million customers in the U.S.
  • Apple TV+ increased its subscription price from $9.99 to $12.99 per month in August 2025.
  • T-Mobile customers will pay $3 per month after a discount, which covers part of the new Apple TV+ cost.
  • Customers can cancel the Apple TV+ subscription through their T-Mobile accounts.
  • Changes will affect customers using plans like Magenta MAX and Go5G Plus, among others.
  • T-Mobile informed customers of this change via texts and a public announcement.

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Historic 1902 Skyscraper Is About to Change Forever—Pictures Show How

Historic 1902 Skyscraper Is About to Change Forever—Pictures Show How

Summary

New York City's Flatiron Building is being turned into private homes. The historic skyscraper will have 38 residences, with sales starting later this year. The transformation includes restoring the building's exterior and modernizing the interior while keeping its historical elements.

Key Facts

  • The Flatiron Building, built in 1902, is one of the world's earliest skyscrapers.
  • It is being converted into private residences by the Brodsky Organization and The Sorgente Group.
  • The building will have 38 homes, and sales will begin later this year, with three-bedroom units starting at $11 million.
  • A preservation team is restoring the building's exterior, including limestone, brick, and terra-cotta materials.
  • Over 1,000 windows have been replaced, and the building's facade, designed to look like a classical Greek column, is also being restored.
  • Interior design is being handled by Studio Sofield, which is preserving original architectural elements while adding modern touches.
  • The Flatiron Building's new residences will offer unique views of the New York City skyline.

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Could the Budget help turn Generation Z into generation debt?

Could the Budget help turn Generation Z into generation debt?

Summary

The UK's upcoming Budget is expected to increase taxes to keep national debt under control. Concerns exist that these policies may burden younger people, known as Generation Z, with more debt. The national debt is currently near 100% of the UK's annual economic output and may rise due to an aging population and policies like the state pension's triple lock.

Key Facts

  • Chancellor Rachel Reeves plans to raise taxes to manage the UK's national debt.
  • Generation Z includes those born between 1997 and 2012 and might face higher taxes.
  • Younger people, in recent years, have faced rising university tuition fees and benefit cuts.
  • Homeownership is lower among Generation Z compared to previous generations.
  • The UK’s national debt is nearly 100% of its GDP and could rise significantly.
  • The growing number of people over 65 is increasing pressure on public spending.
  • Since 2010, benefits for older people have increased, while benefits for younger people have reduced.
  • The Office for Budget Responsibility warns of unsustainable public finances without policy change.

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Farewell regular flat white. 'Functional' coffees are hitting the high street

Farewell regular flat white. 'Functional' coffees are hitting the high street

Summary

Coffees with extra ingredients, known as "functional coffees," are becoming more popular in coffee shops. These drinks often contain things like mushrooms, protein, or collagen and are believed to offer health benefits beyond a typical caffeine boost. The trend is growing, with big names like Starbucks offering these options in their stores.

Key Facts

  • Functional coffees contain added ingredients like mushrooms, protein, and collagen.
  • These coffees are said to provide benefits such as improved focus and energy stability.
  • Coffee shop Sipp in Greater Manchester offers four types of mushroom powders.
  • Starbucks in the US began selling protein coffees in September.
  • The number of UK coffee shops offering mushroom coffees increased by 30% in the past year.
  • Customers at Black Sheep Coffee add functional ingredients to 15% of their purchases.
  • Functional coffees can cost about £30 more per month if bought daily.
  • Some people have not heard of coffees with ingredients like mushrooms and ashwagandha.

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EV grant scheme boost worth £1.3bn expected in Budget

EV grant scheme boost worth £1.3bn expected in Budget

Summary

The government plans to announce an extra £1.3 billion for a scheme to promote electric vehicles (EVs) in the upcoming Budget. This includes expanding the Electric Car Grant, funding more EV charging points, and consulting on charging solutions for people without driveways. Additionally, there is a possibility of introducing a future pay-per-mile tax for EV owners.

Key Facts

  • The government will increase funding for the Electric Car Grant by £1.3 billion.
  • The Electric Car Grant offers a discount of up to £3,750 on certain electric vehicles.
  • Since July, the grant has helped 35,000 people switch to electric vehicles.
  • New research shows the scheme hasn't significantly attracted new EV buyers.
  • From 2030, the sale of new petrol and diesel cars will be banned in favor of electric or hybrid cars.
  • The upcoming Budget might introduce a pay-per-mile tax for EVs by 2028.
  • The government will add £200 million to expand charging points across the UK.
  • Currently, there are about 87,000 EV charging points in around 44,000 locations in the UK.

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Titanic passenger's watch sells for record £1.78m at auction

Titanic passenger's watch sells for record £1.78m at auction

Summary

A gold pocket watch owned by Titanic passenger Isidor Straus was sold at an auction for £1.78 million, marking a record-breaking sale. The auction also included other Titanic-related items, collectively reaching £3 million in sales.

Key Facts

  • The gold pocket watch belonged to Isidor Straus, a passenger on the Titanic.
  • Isidor Straus, along with his wife Ida, died during the Titanic sinking in 1912.
  • The watch was sold for £1.78 million at a UK auction house, setting a world record.
  • A letter written by Ida Straus on the Titanic sold for £100,000.
  • A Titanic passenger list was auctioned for £104,000.
  • A gold medal given to the crew of the RMS Carpathia, which rescued Titanic survivors, was sold for £86,000.
  • The total sales from the Titanic memorabilia auction amounted to £3 million.
  • The pocket watch stopped working at the moment the Titanic sank and was later repaired and restored.

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Top US Airlines—Ranked in New Global Report

Top US Airlines—Ranked in New Global Report

Summary

A new global ranking by AirHelp placed American Airlines, United Airlines, and Delta Air Lines among the top U.S. airlines, with American Airlines being the highest-ranked at 11th globally. The ranking was based on on-time performance, customer opinion, and claim-processing efficiency. Despite these rankings, U.S. airlines have fallen in global standings compared to the previous year.

Key Facts

  • AirHelp ranked 117 airlines worldwide using three criteria: on-time performance, customer opinion, and claim-processing efficiency.
  • American Airlines was the highest-ranked U.S. airline at 11th place globally.
  • United Airlines ranked 13th globally, while Delta Air Lines came in 15th place.
  • Frontier Airlines and Hawaiian Airlines also made it into the top 50, ranking 36th and 50th globally, respectively.
  • Southwest Airlines was the sixth highest-ranked U.S. carrier, at 52nd place globally.
  • American Airlines' strong performance in claim-processing helped it lead among U.S. airlines.
  • U.S. airlines saw a drop in rankings, with American and United both falling from their previous positions in the global top 10.

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How pecans went from ignored trees to a holiday staple — an expert explains the 8,000-year history

How pecans went from ignored trees to a holiday staple — an expert explains the 8,000-year history

Summary

The article discusses the history of pecans in the United States, highlighting how they became popular over time. Pecans, which are native to the southern U.S., are now a major crop, with the U.S. producing 80% of the world's supply. The article also describes how pecans are used and how their cultivation practices evolved, including the use of grafting to improve quality.

Key Facts

  • Pecans are native to the southern United States and were used by Native Americans as early as 8,000 years ago.
  • Today, the United States grows 80% of the world’s pecan crop, with most of it staying within the country.
  • The name "pecan" comes from the Algonquin word "pakani," meaning "a nut too hard to crack by hand."
  • Pecans are technically a type of fruit called a drupe, not a nut.
  • The first documented purposeful planting of pecan trees was in New York in 1722.
  • Pecans became recognized for their economic potential in the late 1800s.
  • Grafting, a technique to improve pecan quality, became popular to ensure good yields from cultivated trees.

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'Wicked: For Good' Set for Box Office Dominance With Projected $228M Open

'Wicked: For Good' Set for Box Office Dominance With Projected $228M Open

Summary

The sequel movie "Wicked: For Good" had a strong start at the box office, earning $70 million on its opening Friday. Projections suggest it could open with $228 million globally, which would make it one of the largest openings for a musical film ever. The film features a well-known cast and continues the story from the popular Broadway adaptation.

Key Facts

  • "Wicked: For Good" earned $70 million on its first Friday, including Thursday previews.
  • The film features actors like Cynthia Erivo, Ariana Grande, Jeff Goldblum, and Michelle Yeoh.
  • It is directed by Jon M. Chu and has received mostly positive reviews.
  • Projections estimate a $151 million domestic opening and a $228 million global opening.
  • The original "Wicked" film had earned $164 million globally in its opening weekend.
  • "Wicked" ultimately grossed $750 million worldwide and is ranked as one of the highest-grossing musical films.
  • "Wicked: For Good" could become one of the top musical films if it maintains strong earnings.
  • The film may be available on the streaming platform Peacock around three months after the theatrical release.

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More Homeowners Factoring Holidays Into Home Buying: Survey

More Homeowners Factoring Holidays Into Home Buying: Survey

Summary

More than half of Americans consider the ability to host Thanksgiving when buying a home, according to a survey from Realtor.com. Younger generations, like Gen Z and Millennials, prioritize holiday hosting more than older generations. The trend suggests home designs may evolve to include larger spaces for gatherings.

Key Facts

  • Over 50% of Americans said hosting Thanksgiving affected their home buying decision.
  • 60% of Gen Z and Millennials value hosting Thanksgiving during their home search, compared to 47% of Gen X and 30% of Baby Boomers.
  • Important home features for hosting include a large family room and big kitchen, with 92% of surveyed people citing them as motivating factors.
  • 61% of people see a double oven as desirable but not a must-have; overall space and layout matter more.
  • Preferences for extra bathrooms or bedrooms vary, with Gen Z favoring bathrooms more than other features.
  • The survey covered 1,000 Americans aged 18 to 65 and was conducted from October 17 to 19.
  • Buying homes during the holiday season can offer benefits like lower competition and financial incentives.
  • Homebuilders and sellers might focus on creating and marketing homes that feature larger spaces suitable for gatherings.

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Fear and scepticism as Reeves prepares for her big Budget moment

Fear and scepticism as Reeves prepares for her big Budget moment

Summary

Rachel Reeves, the Chancellor, is preparing to present her budget, focusing on reducing living costs, NHS waiting lists, and national debt. There is concern within her party and among businesses about political challenges that might affect these goals. Some constraints include a promise not to raise major taxes and a shortage of funds due to previous economic shortfalls.

Key Facts

  • Rachel Reeves is the Chancellor planning to present a new budget.
  • Her priorities are reducing the cost of living, NHS waiting lists, and national debt.
  • Thirteen different tax proposals have been discussed before final decisions.
  • The budget discussion has been ongoing since July.
  • Labour's election pledge limits her from raising major taxes like income tax.
  • Reeves is working with limited financial "headroom" due to tight budgets.
  • The economy is not performing as well as expected, affecting available funds.
  • Political issues, including opposition from backbenchers, influence budget choices.

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Daily Mail publisher agrees to buy Daily Telegraph for £500m

Daily Mail publisher agrees to buy Daily Telegraph for £500m

Summary

The Daily Mail publisher, DMGT, has agreed to purchase the Daily and Sunday Telegraph for £500 million. The deal involves discussions with RedBird IMI, a joint venture between the UAE and RedBird Capital Partners. The final approval of the sale will come from Culture Secretary Lisa Nandy.

Key Facts

  • DMGT, publisher of the Daily Mail, plans to buy the Daily and Sunday Telegraph.
  • The purchase price for the Telegraph newspapers is £500 million.
  • RedBird IMI, involved in the transaction, is a partnership between the UAE and RedBird Capital Partners from the US.
  • The initial bid by RedBird Capital Partners fell through due to concerns about foreign influence.
  • Culture Secretary Lisa Nandy will review and approve the sale to ensure it aligns with public interest guidelines.
  • DMGT expects the deal to be finalized soon.
  • DMGT chairman, Lord Rothermere, expressed admiration for the Telegraph and highlighted its historical significance.
  • DMGT aims to turn the Telegraph into a global brand similar to the Daily Mail.

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IRS Issues Guidance for Tax on Tips and Overtime

IRS Issues Guidance for Tax on Tips and Overtime

Summary

The IRS has released new guidance on tax deductions for tips and overtime pay. This guidance applies for the tax year 2025 and affects millions of American workers who receive tips or overtime compensation.

Key Facts

  • The IRS issued guidance related to taxes on tips and overtime pay for tax year 2025.
  • Workers receiving tips, such as restaurant servers and bartenders, can deduct up to $25,000 per year in qualified tips.
  • This tips deduction begins to phase out for individuals with an income over $150,000 or $300,000 for joint filers.
  • Overtime pay deductions are available for amounts required under the Fair Labor Standards Act that exceed the regular pay rate, with a maximum deduction of $12,500 for individuals and $25,000 for joint filers.
  • The income phaseout thresholds also apply to these overtime deductions.
  • The IRS will update tax forms to help workers claim these new deductions.
  • Employers are encouraged to provide documentation but are not penalized for lacking separate tip or overtime reporting for 2025.
  • The guidance stems from provisions in the One Big Beautiful Bill Act.

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Child Psychologist Reveals the 5 Signs Your Kids Will Be Successful Adults

Child Psychologist Reveals the 5 Signs Your Kids Will Be Successful Adults

Summary

A psychologist, Sarah Lebovitz Suria, shared five key behaviors in children that might indicate future success in life. These behaviors include self-regulation, resilience, curiosity, cognitive flexibility, and prosocial skills. She emphasizes that these traits can help children thrive in various areas but do not guarantee success.

Key Facts

  • Sarah Lebovitz Suria is a licensed psychologist and parenting expert.
  • She identified five key behaviors that might predict a child's future success.
  • The behaviors are the ability to regulate emotions, resilience, curiosity, cognitive flexibility, and teamwork.
  • Regulating emotions helps children focus better in school and life.
  • Resilience involves bouncing back from challenges like bullying or bad grades.
  • Curiosity and hard work contribute to lifelong learning and achievement.
  • Cognitive flexibility helps kids adapt to various situations and challenges.
  • Teamwork skills involve working well with others and taking feedback.

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Conventional Wisdom: Price of Culture Edition

Conventional Wisdom: Price of Culture Edition

Summary

The article discusses recent high-profile sales and events in the arts and entertainment world. It highlights Frida Kahlo's record-breaking art sale, legal troubles of rapper Pras Michel, a gold toilet auction by Steve Cohen, and a promotional event by actor Timothée Chalamet. Additionally, it mentions the Chinese e-tailer Shein's investigation in France.

Key Facts

  • Frida Kahlo's painting sold for $54.7 million, setting a record for a female artist.
  • Rapper Pras Michel faces 14 years in prison for illegal donations and tampering with witnesses.
  • Steve Cohen sold a gold toilet for $12.1 million.
  • Timothée Chalamet turned movie promotional materials into $250 jackets, attracting long fan lines.
  • Shein, a Chinese online retailer, is under investigation in France over unapproved products.

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Another US Health Care Firm Files for Bankruptcy

Another US Health Care Firm Files for Bankruptcy

Summary

Omni Health Services, a mental health care provider in Pennsylvania, filed for Chapter 11 bankruptcy to reorganize its debts. This filing is part of a broader trend of health care companies seeking bankruptcy protection in recent years. Despite a decrease in new filings in 2025, financial challenges and policy changes continue to affect the health care sector.

Key Facts

  • Omni Health Services operates clinics that provide mental health services and filed for Chapter 11 bankruptcy in Pennsylvania.
  • The company reported assets and debts both ranging between $1 million to $10 million and had 100-199 creditors.
  • Health care bankruptcies have slowed in 2025 compared to the previous two years but remain a concern.
  • In 2023, there were 79 health care bankruptcy filings; in 2024, there were 57, higher than the average from 2019-2022.
  • Three large health care firms filed for Chapter 11 protection in the first part of 2025, each with over $1 billion in assets.
  • S&P Global Market Intelligence reported on firms like Prospect Medical Holdings and LifeScan Global filing for bankruptcy.
  • Economic and policy changes, including spending cuts from new legislation, could pose challenges for health care providers.

Source Verification

Dessert Recall Map Shows New Warning Issued in 33 States

Dessert Recall Map Shows New Warning Issued in 33 States

Summary

Prime Food Processing LLC is recalling over 2,000 cases of two dessert buns due to missing milk allergen labeling. The recalled products were sold in 33 states, mainly in Asian grocery stores, and there have been no reported allergic reactions or illnesses.

Key Facts

  • Prime Food Processing LLC is recalling dessert buns because the packaging did not list milk as an ingredient.
  • The recall includes more than 2,000 cases of two types of dessert buns.
  • The products were distributed in 33 states, mostly to Asian grocery stores.
  • The affected dessert buns have specific lot codes and expiration dates.
  • No allergic reactions or illnesses have been reported so far.
  • Milk in the products comes from unsalted butter, which should have been listed.
  • The recall was initiated after an internal review found the labeling error.
  • Customers can return the products for a full refund and contact the company for more information.

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Superman copy found in mum's attic is most valuable comic ever at $9.12m

Superman copy found in mum's attic is most valuable comic ever at $9.12m

Summary

A copy of an early Superman comic book was found in a California attic by three brothers. It sold for a record $9.12 million at auction. The brothers discovered the comic book while clearing out their late mother's attic.

Key Facts

  • The comic book is one of the first Superman comics, originally published in June 1939.
  • It was found in a California attic under newspapers and inside a cardboard box.
  • The comic received a high 9.0 rating for its condition from a grading service.
  • It sold for $9.12 million, making it the most expensive comic book ever sold.
  • The previous record for a comic book sale was $6 million for Action Comics No. 1.
  • The brothers who found the comic are in their 50s and 60s.
  • Their late mother had kept the comic book collection during her lifetime.

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New York Fed chief raises expectations of a rate cut

New York Fed chief raises expectations of a rate cut

Summary

John Williams, the president of the New York Federal Reserve, signaled that an interest rate cut could be expected during the next Federal Reserve meeting on December 9-10. His remarks increased the probability of a rate cut, boosting stock market and Treasury prices. The move suggests a likely consensus within the Fed's leadership for another rate adjustment.

Key Facts

  • John Williams, New York Fed president, hinted at a possible interest rate cut during a speech.
  • The speech increased market expectations for a rate cut at the December 9-10 Fed meeting.
  • The CME Fedwatch tool raised the probability of a December rate cut to 73% after the speech.
  • The S&P 500 index rose by 0.4%, and Treasury prices increased following the news.
  • Williams is vice-chair of the Federal Open Market Committee, which sets interest rates, and typically reflects central leadership views.
  • The Fed's current interest rate debates have shown differing opinions among its members.
  • Some Fed members are cautious, citing inflation and labor market conditions as concerns.
  • Lorie Logan, Dallas Fed president, expressed caution about further rate cuts without clear evidence of inflation decline or labor market cooling.

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