The Actual News

Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

How Aldi is taking on US supermarkets with its $4 almond butter

How Aldi is taking on US supermarkets with its $4 almond butter

July 12, 2026 • BBC World

Summary

Aldi is expanding its stores in the United States with plans to open 800 new locations, focusing on busy city areas like Manhattan. The company offers lower prices on products like almond butter, attracting middle- and higher-income shoppers looking to save money amid inflation.

Key Facts

  • Aldi plans to open 800 new stores in the U.S. over the next five years.
  • The expansion targets dense urban areas, including Manhattan.
  • Aldi's prices can be significantly lower, such as $4 for a jar of almond butter compared to $22 nearby.
  • Aldi first entered the U.S. market in 1976 and now has nearly 2,800 stores.
  • In the UK, Aldi is the fourth largest grocery chain with a 10.8% market share.
  • Aldi holds about 2.9% of the U.S. grocery market, much smaller than Walmart’s 20%.
  • Wealthier shoppers with incomes between $75,000 and $125,000 are increasingly shopping at Aldi.
  • Inflation has pushed higher-income shoppers to seek lower-cost grocery options like Aldi.
Read the Original

Want the full story? Tap a source to open the original article.

BBC World BBC Business BBC Top Stories
Why Gen Z chilling red wine is socially acceptable, especially in the summer heat

Why Gen Z chilling red wine is socially acceptable, especially in the summer heat

July 12, 2026 • BBC Top Stories

Summary

Chilling red wine has become more popular, especially among younger people, as a way to enjoy red wine in hot weather. Wine bars and shops have noticed increased demand for chilled red wine, and some wines are now sold with labels that show when they are properly chilled.

Key Facts

  • A wine tasting event in Manchester served only chilled red wines, breaking the usual practice of serving red wine at room temperature.
  • The owner of Cru Manchester and other wine bar owners report a big increase in customers wanting chilled red wine.
  • Younger drinkers, especially Gen Z and young millennials, are driving the trend for chilled red wine.
  • Online searches and supermarket products for chilled red wine have increased recently.
  • Chilled red wine is seen as more refreshing and lighter, especially in hot weather.
  • People often start drinking chilled reds after trying them on holiday in warmer countries.
  • Experts advise drinking alcohol moderately and staying hydrated in hot weather.
  • It is recommended to chill red wine in the fridge for 20 minutes to an hour before serving.
Read the Original

Want the full story? Tap a source to open the original article.

BBC Top Stories
High energy costs from Iran war heighten pressure on struggling farmers

High energy costs from Iran war heighten pressure on struggling farmers

July 11, 2026 • CBS News

Summary

The war in Iran has caused fuel and fertilizer prices to rise sharply, putting financial pressure on farmers in Louisiana. High costs for jet fuel and nitrogen fertilizer make it harder for farmers to afford necessary supplies, threatening their businesses.

Key Facts

  • Jet-A fuel used by agricultural planes rose from $2.46 per gallon in February to $4.11 in May.
  • Farmers like Reed Keahey buy large amounts of jet fuel; he spent over $30,000 on one fuel purchase when prices peaked.
  • Nitrogen fertilizer called urea is needed for crops, and nearly half of global urea exports come from the Persian Gulf.
  • Shipping problems in the Strait of Hormuz during the Iran war disrupted supply, causing fertilizer prices to spike.
  • Farmers David and Theresa Guererro are over budget by about $120,000 to $130,000 on fertilizer costs.
  • U.S. farm bankruptcies increased by 46% from 2024 to last year, according to the American Farm Bureau Federation.
  • Some agricultural businesses are absorbing higher costs instead of passing them to farmers, risking their survival.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News
Crypto bill faces make-or-break moment ahead of August recess

Crypto bill faces make-or-break moment ahead of August recess

July 11, 2026 • The Hill

Summary

Senators are working to resolve disagreements on a cryptocurrency regulation bill called the Clarity Act. The next four weeks are likely the last chance to pass this bill before the midterm elections.

Key Facts

  • The bill is named the Clarity Act.
  • It aims to create rules for digital assets like cryptocurrencies.
  • Senators from both political parties are negotiating the bill.
  • Lawmakers want to resolve policy differences soon.
  • The next four weeks are seen as the final opportunity to pass the bill before midterm elections.
  • Experts warn missing this chance could delay regulation for a long time.
  • The bill is important for shaping how the government handles cryptocurrencies.
Read the Original

Want the full story? Tap a source to open the original article.

The Hill
Rich Americans' Favorite Grocery Stores Revealed

Rich Americans' Favorite Grocery Stores Revealed

July 11, 2026 • Newsweek

Summary

A recent YouGov study found that richer Americans mostly shop at Costco, while middle- and lower-income Americans prefer Walmart stores. Wealthier shoppers tend to buy groceries more often and spend more money on them compared to others.

Key Facts

  • Higher-income households earn $150,000 or more per year.
  • 11% of wealthier Americans mainly shop at Costco, compared to 5% of lower-income shoppers.
  • Walmart Supercenters are the top choice for 20% of middle- and lower-income consumers, but only 8% of richer Americans.
  • Trader Joe’s is more popular among wealthier people (5%) than others (2%).
  • Richer Americans shop more frequently: 34% shop several times a week versus 25% of lower-income shoppers.
  • 51% of higher-income households spend over $150 weekly on groceries, compared to 28% of middle- and lower-income groups.
  • Other grocery stores with notable differences include Safeway, Publix, Kroger, Aldi, and H-E-B.
  • The data was collected from June 2025 to June 2026 through YouGov’s national survey of U.S. adults.
Read the Original

Want the full story? Tap a source to open the original article.

Newsweek
Exclusive discounts from CBS Mornings Deals

Exclusive discounts from CBS Mornings Deals

July 11, 2026 • CBS News

Summary

CBS Mornings Deals offers special discounts on various products that can make daily life easier. These deals are available through their website, cbsdeals.com.

Key Facts

  • CBS Mornings Deals promotes discounted products.
  • The products aim to improve everyday lifestyle.
  • Customers can find these deals at cbsdeals.com.
  • CBS earns money (commissions) when people buy through their site.
  • The deals are presented during the CBS Mornings show.
  • Viewers are encouraged to visit the website to take advantage of the discounts.
  • The information is also accessible via the CBS News App.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News
Dave Portnoy on running "Barstool Sports" like "SNL"

Dave Portnoy on running "Barstool Sports" like "SNL"

July 11, 2026 • CBS News

Summary

Dave Portnoy, founder of Barstool Sports, shares his story in a new memoir called "Cancel Me If You Can." He started Barstool as a small sports newspaper and built it into a media company focused on honest content and developing talent.

Key Facts

  • Dave Portnoy began Barstool Sports as a free four-page sports newspaper after quitting a sales job.
  • Barstool Sports aims to be honest and authentic to its readers.
  • Portnoy compares Barstool Sports to "Saturday Night Live," focusing on finding and growing young talent, like Alex Cooper of the "Call Her Daddy" podcast.
  • The Barstool Fund helped more than 400 businesses during the coronavirus pandemic by providing financial support.
  • Portnoy has shown interest in politics, considering a run for New York City mayor and endorsing President Donald Trump.
  • He describes political engagement as a "civic duty" and follows politics closely.
  • His book is intended as a record of Barstool Sports' early days, and he does not plan to write another book.
  • Portnoy accepts that people who dislike him likely will not change their minds, and he aims to connect mainly with those who support him.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News
Chef Greg Baxtrom serves delicious Midwestern meals to New Yorkers

Chef Greg Baxtrom serves delicious Midwestern meals to New Yorkers

July 11, 2026 • CBS News

Summary

Chef Greg Baxtrom has opened a restaurant called 5 Acres in New York City's Rockefeller Center. The restaurant offers meals inspired by Midwestern (Heartland) flavors and focuses on using vegetables in creative ways.

Key Facts

  • Chef Greg Baxtrom runs a Midwestern-style restaurant named 5 Acres.
  • The restaurant is located in Rockefeller Center, New York City.
  • 5 Acres features food inspired by flavors from the U.S. Midwest region.
  • Baxtrom highlights creativity in cooking with vegetables.
  • He has shared personal challenges with sobriety.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News
Barstool Sports' Dave Portnoy on pizza, provocation and the public eye

Barstool Sports' Dave Portnoy on pizza, provocation and the public eye

July 11, 2026 • CBS News

Summary

Dave Portnoy, founder of Barstool Sports, talks about his new book called "Cancel Me If You Can." The book covers his experiences in the media and public attention.

Key Facts

  • Dave Portnoy started Barstool Sports, a digital media company.
  • He has released a new book titled "Cancel Me If You Can."
  • The book discusses his life in the public eye.
  • Portnoy is known for his outspoken and provocative style.
  • The interview took place on CBS News.
  • Barstool Sports is linked to popular culture and sports commentary.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News
College funds, retirement planning, and more: Jill Schlesinger answers your financial questions

College funds, retirement planning, and more: Jill Schlesinger answers your financial questions

July 11, 2026 • CBS News

Summary

Jill Schlesinger, a business analyst, answers common financial questions about topics like saving for college and planning for retirement. She provides advice on how to make smart choices with money and investments.

Key Facts

  • Jill Schlesinger is a business analyst who helps people with financial questions.
  • She covers topics such as building college savings funds.
  • She offers guidance on planning for retirement.
  • The advice focuses on smart investing options.
  • Her information is available through CBS News and its app.
  • The goal is to help people make better money decisions for their future.
  • The content helps explain financial concepts in a simple way.
  • The session is designed to answer real financial dilemmas from viewers.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News
GoFundMe raises over $400K for family of slain business owner Lorenzo Salgado Araujo

GoFundMe raises over $400K for family of slain business owner Lorenzo Salgado Araujo

July 11, 2026 • The Hill

Summary

A GoFundMe campaign has collected more than $400,000 to support the family of Lorenzo Salgado Araujo, a business owner who was recently killed. The campaign highlights the strong community support for his family during this difficult time.

Key Facts

  • Lorenzo Salgado Araujo was a business owner.
  • He was recently killed.
  • A GoFundMe fundraiser was created to help his family.
  • The fundraiser has raised over $400,000.
  • The campaign emphasizes his dedication to family, friends, neighbors, and work.
  • The money will aid his family after his death.
Read the Original

Want the full story? Tap a source to open the original article.

The Hill
Full Interview: Dave Portnoy

Full Interview: Dave Portnoy

July 11, 2026 • CBS News

Summary

Dave Portnoy, who started the company Barstool Sports, spoke in an interview about his new book, "Cancel Me If You Can." He talked about how people see him and what drives him.

Key Facts

  • Dave Portnoy is the founder and president of Barstool Sports.
  • He released a new book titled "Cancel Me If You Can."
  • In the interview, he discusses how the public understands or misunderstands him.
  • He talks about his personal motivations and reasons for his work.
  • The interview was on "CBS Saturday Morning" with co-host Kelly O'Grady.
  • The full interview is available on CBS News and their app.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News
Remember, as midterm season heats up, politics and business just don’t mix

Remember, as midterm season heats up, politics and business just don’t mix

July 11, 2026 • The Hill

Summary

The article advises that mixing politics and business usually leads to problems. It suggests keeping political views separate from business matters to avoid negative outcomes.

Key Facts

  • Combining politics and business often causes difficulties.
  • It is better to separate political opinions from business activities.
  • Mixing these areas rarely results in success.
  • The message is especially relevant during the busy midterm election season.
  • Keeping politics out of business helps maintain smooth operations.
Read the Original

Want the full story? Tap a source to open the original article.

The Hill
World Cup quarter-final expected to generate £500m sales boost for UK economy

World Cup quarter-final expected to generate £500m sales boost for UK economy

July 11, 2026 • Guardian World

Summary

The World Cup quarter-final between England and Norway is expected to bring nearly £500 million in extra sales to the UK economy. Many fans are buying food, drinks, and new TVs to watch the game, boosting sales for pubs, outdoor fan zones, and other venues.

Key Facts

  • The UK economy could see a half-billion-pound increase in sales during the World Cup quarter-finals.
  • Fans are expected to drink around 9.3 million pints of beer on match days.
  • Sales in pubs rise by 77% on match days compared to typical days.
  • Outdoor fan zones and ticketed watch parties are selling out quickly.
  • Boxpark venues estimate £500,000 sales per match from tickets, drinks, and food.
  • Some cinemas are showing the games alongside movies to attract fans.
  • The Co-op Live venue in Manchester sold out tickets for the game in 48 hours.
  • The hospitality sector expects to earn £27.5 million by pouring an extra 5.5 million pints on the England vs Norway match day.
Read the Original

Want the full story? Tap a source to open the original article.

Guardian World
The ad machine: how David Beckham conquered America

The ad machine: how David Beckham conquered America

July 11, 2026 • Guardian US

Summary

David Beckham has become a major figure in American advertising, appearing in many commercials and making significant money from the World Cup despite not playing. His presence is seen everywhere, from TV ads to live events, showing his strong influence in the market for leisure and consumer products.

Key Facts

  • David Beckham is heavily featured in US advertisements during the World Cup.
  • He has earned up to $25 million from the World Cup without actively playing.
  • Beckham’s advertising presence includes showing him in daily life activities, like drinking beer and shopping.
  • His image appears simultaneously on TV screens, ads, and in person at events.
  • Beckham is considered one of the most famous people in America with considerable reach and power.
  • There is concern some analysts have about the possibility of his overexposure in the market.
  • Forbes wrote about the potential risks of Beckham’s extensive commercial presence.
  • Beckham is already a billionaire and continues to grow his advertising influence.
Read the Original

Want the full story? Tap a source to open the original article.

Guardian US
Ryanair has axed its family seating policy – but kids’ fees still add up

Ryanair has axed its family seating policy – but kids’ fees still add up

July 11, 2026 • Guardian World

Summary

Ryanair has ended its policy that charged parents for sitting next to their children, but many airlines still add extra fees for children, sometimes making it more expensive to travel with a baby than with an adult. Fees for infants and children vary widely, and parents often find it hard to understand the total cost until late in the booking process.

Key Facts

  • Ryanair no longer makes parents pay to sit next to their children.
  • Some airlines charge separate fees for babies sitting on laps, which can be higher than an adult’s ticket price.
  • Wizz Air charges a flat fee of about £28 for infants on laps, regardless of the adult fare price.
  • Airlines like British Airways and Virgin Atlantic charge about 10% of the adult ticket price for lap infants.
  • Children over two years old must have their own seat, and prices vary based on the airline.
  • Wizz Air tickets for children over two cost the same as adult tickets, while some airlines offer discounts until children turn 12.
  • Booking seats next to children can be confusing; some airlines only guarantee one adult will sit next to a child under 14.
  • Parents often face multiple hidden fees when traveling with children, making the total cost hard to calculate.
Read the Original

Want the full story? Tap a source to open the original article.

Guardian World
OpenAI film ‘Artificial,’ dropped by Amazon, finds a new home with Neon

OpenAI film ‘Artificial,’ dropped by Amazon, finds a new home with Neon

July 11, 2026 • AP News

Summary

The movie "Artificial," about OpenAI CEO Sam Altman, was dropped by Amazon MGM Studios but has now been bought by the independent distributor Neon. Neon plans to release the film this year and enter it into the Oscar competition.

Key Facts

  • "Artificial" is a film directed by Luca Guadagnino about Sam Altman and OpenAI.
  • The film stars Andrew Garfield as Sam Altman, along with Monica Barbaro, Yura Borisov, Mark Rylance, and Ike Barinholtz as Elon Musk.
  • Amazon MGM Studios dropped the nearly finished $40 million movie despite a $50 billion investment in OpenAI by Amazon.
  • Amazon said the film would be better released by a different studio and put it up for sale.
  • Neon, known for Oscar-winning films and Cannes Palme d’Or winners, bought the worldwide rights to "Artificial."
  • Neon will release the film in 2026 and plans to compete for Oscars.
  • The exact amount Neon paid for the film rights was not disclosed.
  • The film covers the period around Altman’s firing and reinstatement as OpenAI CEO in 2023.
Read the Original

Want the full story? Tap a source to open the original article.

AP News
How American farmers are under pressure from escalating Iran tensions

How American farmers are under pressure from escalating Iran tensions

July 10, 2026 • CBS News

Summary

Rising tensions with Iran are causing higher energy prices in the United States. These increased costs are creating new challenges for American farmers, making it harder for them to manage expenses.

Key Facts

  • Conflicts involving Iran have led to increased energy prices.
  • Higher energy costs affect many parts of the U.S. economy, including farming.
  • American farmers use energy for equipment, irrigation, and transportation.
  • Increased fuel and power prices raise the cost of running farms.
  • These rising costs put financial pressure on farmers and their operations.
  • The situation links international events to impacts on local agriculture.
  • Farmers may face greater challenges maintaining their businesses due to these changes.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News
Could Andy Burnham scrap stamp duty?

Could Andy Burnham scrap stamp duty?

July 10, 2026 • BBC Top Stories

Summary

Andy Burnham, the prime minister-in-waiting and former Greater Manchester mayor, has proposed changing how property taxes work in the UK. He suggests scrapping stamp duty, a tax paid when buying a home, and replacing it with a land value tax, which charges landowners annually based on the land's value alone.

Key Facts

  • Stamp duty is a tax home buyers pay on properties worth over £125,000 (£300,000 for first-time buyers).
  • Andy Burnham supports replacing stamp duty with a land value tax (LVT), which taxes only the land value yearly.
  • The Institute for Fiscal Studies calls stamp duty one of the most economically damaging taxes.
  • Economists say stamp duty discourages buying and selling homes, which can hurt the housing market.
  • A land value tax is seen as efficient because land cannot move or be hidden and does not change behavior.
  • Critics say switching to a land value tax would be complex, costly, and politically difficult.
  • Stamp duty provides immediate tax revenue at the time of property sale, while LVT would spread payments annually.
  • It is uncertain if Burnham will push this reform once he is in government due to the challenges involved.
Read the Original

Want the full story? Tap a source to open the original article.

BBC Top Stories
Gordie Howe Bridge connecting Detroit, Canada expected to open in late July

Gordie Howe Bridge connecting Detroit, Canada expected to open in late July

July 10, 2026 • CBS News

Summary

The Gordie Howe International Bridge, connecting Detroit and Windsor, Canada, is set to open on July 27 after U.S. and Canadian officials resolved disputes that delayed the project. The bridge aims to improve traffic flow and boost economic activities between the two countries.

Key Facts

  • The bridge will open on July 27, with commercial traffic starting on that date.
  • The opening was delayed from an initial planned ceremony in early June due to unresolved issues between the U.S. and Canada.
  • President Donald Trump had previously threatened to block the bridge's opening over ownership demands.
  • The bridge is 1.5 miles long and crosses the Detroit River between Detroit and Windsor, Ontario.
  • Canada funded the bridge’s construction, which cost about $4.4 billion.
  • The bridge charges tolls up to $10 per car and $20 per axle for trucks.
  • It is expected to reduce congestion at existing crossings and support the local automotive and manufacturing industries.
  • Michigan Governor Gretchen Whitmer highlighted the bridge’s potential to create jobs and strengthen trade.
Read the Original

Want the full story? Tap a source to open the original article.

CBS News