The Michigan Strategic Fund approved up to $50 million in state grants to support the Copperwood copper mine project in the Upper Peninsula. The project by Highland Copper Inc. aims to create 380 jobs over 11 years but has faced public opposition over environmental concerns.
Key Facts
The Copperwood mine is located in the far western Upper Peninsula of Michigan.
Highland Copper Inc., based in Toronto, proposed the project with a $425 million budget.
The mine is expected to create 380 jobs during its 11-year life.
The Michigan Strategic Fund granted $45 million for site preparation and $5 million for local road improvements.
Funding comes from the now-defunded SOAR Fund that had unused money allocated in 2022.
This would be the first Upper Peninsula mine since 1955, supported by some lawmakers and economic groups.
Many local residents and environmental advocates expressed concerns about possible harm to Lake Superior and nearby natural areas.
Highland Copper’s CEO said the grant is crucial as it lowers the project’s financing challenges.
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Louisiana Governor Jeff Landry said he is not worried about environmental problems from SpaceX’s new $100 billion launch site on the Gulf Coast. The spaceport will be built on land that was used before and aims to support space launches.
Key Facts
SpaceX plans to build a $100 billion launch facility in Louisiana along the Gulf Coast.
The site will be a spaceport used for launching rockets.
The land for the project was previously used for other purposes.
Governor Jeff Landry expressed no concerns about environmental damage from the spaceport.
The project is expected to have a large economic impact on the state.
Construction and operations at the facility will create jobs and business opportunities.
The announcement was made during an interview with CBS News.
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Many certificate of deposit (CD) accounts will mature this September, and account holders need to decide what to do with their funds before the grace period ends. Moving money from a maturing CD to a traditional savings account is not recommended due to low interest rates, so savers should consider alternatives like high-yield savings accounts or money market accounts that offer higher returns and better access.
Key Facts
CD accounts opened months or years ago may mature this September.
Banks usually allow about two weeks after maturity to decide what to do before automatic rollover.
Traditional savings accounts currently offer very low interest rates (around 0.38%), which may not keep up with inflation.
High-yield savings accounts can offer interest rates around 4.10% and allow easy access to funds.
Money market accounts offer slightly lower rates than high-yield savings but provide check-writing abilities.
Both high-yield savings and money market accounts have variable interest rates that can change with market conditions.
Online banks often provide better interest rates than banks with physical branches.
Savers are advised to compare options before moving their funds from CDs to other accounts.
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Canada is imposing new tariffs of up to 50% on $20 billion worth of U.S. goods to pressure the Trump administration. These tariffs mainly target key U.S. states and industries, especially manufacturing and dairy, and will take effect on September 8, shortly before the U.S. election.
Key Facts
Canada announced retaliatory tariffs on over 800 types of American goods, ranging from 15% to 50%.
The tariffs are aimed at U.S. states with major exports to Canada, including Michigan, Indiana, Wisconsin, and Vermont.
The tariffs target products like steel, aluminum, appliances, cheese, furniture, and clothing.
Canada’s tariffs mirror the U.S. tariffs imposed on Canadian products.
These measures come after the Trump administration imposed 50% tariffs on Canadian steel and automotive imports.
Canada hopes to pressure the U.S. before the tariffs start on September 8, just before the general election.
Some agricultural products like soybeans and wheat from states like North Dakota are exempt from the tariffs.
Canada wants consumers to buy more local products as U.S. goods become more expensive due to tariffs.
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"Coyote vs. Acme" is a new movie that mixes real actors with cartoon characters from Looney Tunes. The film shows a personal injury lawyer working with Wile E. Coyote to sue the Acme Corporation for making faulty products. The movie was made in 2022 but was initially shelved by Warner Bros. before finally being released in theaters.
Key Facts
"Coyote vs. Acme" combines live action with cartoon characters like Wile E. Coyote and Road Runner.
The movie is set in Albuquerque, New Mexico, where cartoons live alongside humans.
Will Forte stars as a personal injury lawyer who teams up with Wile E. Coyote.
The plot involves suing Acme Corporation for defective products used by Coyote.
The idea started as a 1990 parody but took almost 30 years to become a film.
Warner Bros. spent about $70 million producing the movie.
Warner Bros. initially put the movie on hold and considered it a tax write-off.
The film touches on themes of corporate greed and standing up against big companies.
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A federal judge in New York ordered actor Justin Baldoni and the studio behind the movie "It Ends With Us" to pay actress Blake Lively nearly $400,000 for her legal fees. Blake Lively had asked for $7.5 million, but the judge said that amount was too high.
Key Facts
The judge’s ruling requires Baldoni and the studio to pay close to $400,000 to Blake Lively.
Blake Lively had requested $7.5 million for legal fees, which was denied as unreasonable.
The case involves legal costs connected to the movie "It Ends With Us."
The decision was made in a federal court in New York.
This is an ongoing story, with details expected to develop further.
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Buc-ee’s, a gas station and travel center chain, announced it will focus on expanding in states that are “conservative” and “friendly to business.” This decision follows criticism the company faced for suing small businesses over logos that look similar to its own.
Key Facts
Buc-ee’s is a gas station and travel center chain in the United States.
The company has been taking legal action against small businesses with logos it says are too similar to Buc-ee’s logo.
Some people criticized Buc-ee’s for suing small businesses.
In response, Buc-ee’s said it will look to open new stores mainly in states described as conservative.
The company also wants to invest where the environment supports business growth.
Buc-ee’s says it has many new locations planned and is actively growing.
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General Mills announced it has removed artificial colors from all its cereals sold in the U.S., including Lucky Charms and Trix. The company now uses natural dyes made from fruits, vegetables, and spices to color its cereals, with plans to eliminate artificial dyes from other products by 2027.
Key Facts
General Mills replaced artificial colors in its U.S. cereals with natural dyes from fruits, vegetables, turmeric, and paprika.
About 90% of General Mills’ U.S. retail products are now free of artificial dyes.
The company will remove artificial dyes from products like Betty Crocker cake mixes and Fruit Roll-Ups by the end of 2027.
Kellogg’s plans to remove artificial colors from its U.S. cereals by the end of 2025.
Some studies link artificial dyes to behavioral problems in children, but the FDA says approved dyes are generally safe.
The FDA banned one artificial dye, Red 3, in 2023 due to cancer concerns in lab tests.
General Mills had removed dyes from Trix in 2015 but brought them back after customer demand for bright colors.
Pressure from consumers, politicians, retailers like Target and Walmart, and officials such as Health Secretary Robert F. Kennedy Jr. have encouraged removing artificial dyes.
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President Donald Trump said the United States does not need Canada, but the U.S. economy depends strongly on Canadian oil, aluminum, and other goods. Despite imposing high tariffs on Canadian aluminum, the U.S. still relies heavily on Canada for key materials that support American industries and energy needs.
Key Facts
About 4 million barrels of Canadian crude oil flow daily into the U.S., fueling transportation and industry.
Canada supplies aluminum, potash (used in farming), and auto parts critical to the U.S. economy.
President Trump claimed the U.S. doesn’t need Canada but also said the country desperately needs Canadian aluminum.
The U.S. and Canada exchanged $872 billion in goods and services in the previous year.
Canadian crude oil makes up nearly 20% of total U.S. petroleum consumption.
The U.S. trade deficit with Canada, often cited by Trump, is largely due to energy imports from Canada.
In response to failed trade talks, the U.S. imposed 50% tariffs on about $20 billion of Canadian goods, excluding energy products.
Energy products, such as oil and gas, mostly explain why the U.S. runs a trade deficit with Canada; without energy, the U.S. would have a trade surplus.
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A federal judge decided that actress Blake Lively will receive about $400,000 in legal fees from director Justin Baldoni, much less than the $8 million she asked for. The judge limited the award based on a California law designed to protect survivors of sexual harassment from certain legal costs. Lively and Baldoni had settled their dispute over the 2024 film "It Ends With Us" shortly before the ruling.
Key Facts
Blake Lively sought $8 million in legal fees from Justin Baldoni after legal battles related to their film "It Ends With Us."
A federal judge awarded her $363,245 for attorney fees and $44,206 for legal costs, much less than requested.
The judge limited the award due to a California law protecting survivors of sexual harassment from retaliatory lawsuits.
Lively accused Baldoni of sexual harassment, retaliation, breach of contract, and emotional distress in her 2024 lawsuit.
Baldoni denied the harassment claims and countersued Lively and her husband for defamation and other charges, which were later dismissed.
The judge ruled Lively’s harassment claims invalid because she was an independent contractor, not an employee, during filming.
Lively and Baldoni settled the case in May 2025, emphasizing a commitment to respectful workplace environments.
The film "It Ends With Us," based on a 2016 novel about domestic violence, was released in August 2024 and performed well financially despite controversy.
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The FDA approved a new medicine called daraxonrasib for people with advanced pancreatic cancer. This pill is taken once a day and offers a new treatment option for patients with this deadly disease.
Key Facts
The FDA gave approval for daraxonrasib on Wednesday.
Daraxonrasib targets advanced pancreatic cancer.
The medicine is a daily pill.
It is made by Revolution Medicines.
The brand name for daraxonrasib is Rasonque.
The drug is for patients who have already tried other treatments.
Pancreatic cancer is known to be very aggressive and hard to treat.
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Pet insurance is becoming more popular as pet owners look for ways to manage unexpected veterinary costs. Buying insurance when a pet is young and healthy can often lower costs and provide better coverage, but pet owners should also consider their budget and the timing of coverage start dates.
Key Facts
Pet insurance helps cover unexpected vet bills from illnesses or injuries.
The number of insured pets in the U.S. reached 7.6 million in 2026.
Insurance usually does not cover pre-existing conditions, which are health problems your pet had before enrolling.
Enrolling when pets are young may lead to lower premiums and more comprehensive coverage.
Insurers often have waiting periods before coverage for certain conditions begins.
The cost of pet insurance depends on factors like pet age, breed, location, and chosen policy.
Pet owners should buy insurance when it fits comfortably within their budget.
Reviewing how insurers define pre-existing conditions is important before choosing a policy.
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Former Labor Secretary Robert Reich criticized President Trump’s decision to impose 50 percent tariffs on Canadian imports. He warned that these tariffs could cause prices to go up, especially for building materials like wood, which may increase housing costs.
Key Facts
President Trump set a 50 percent tariff on certain goods imported from Canada.
Robert Reich, former Labor Secretary, called the tariffs “irrational.”
Reich spoke about the issue during an interview on CNBC’s show “Squawk Box.”
He warned that tariffs would lead to higher prices for products from Canada.
Higher prices on Canadian wood products could raise the cost of building houses.
The tariff is part of a trade dispute between the U.S. and Canada.
Tariffs are taxes on imported goods meant to protect domestic industries but can raise consumer prices.
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President Donald Trump criticized Canada after trade talks between the two countries failed. The U.S. has placed heavy tariffs on Canadian goods, and Canada has said it will respond with its own tariffs.
Key Facts
President Trump called Canada "one of the worst countries" to work with after trade talks broke down.
The United States imposed heavy tariffs on Canadian products.
Canada announced it will impose retaliatory tariffs on U.S. goods.
The conflict follows unsuccessful negotiations between the two countries.
Both countries are using tariffs as a way to try to protect their own industries.
Tariffs are taxes on imports that can make foreign goods more expensive.
These trade tensions affect businesses and consumers in both countries.
The situation is part of ongoing trade disagreements between the U.S. and its trading partners.
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Meta, the parent company of Facebook, has agreed to pay $17 billion to settle a major legal case related to social media. This settlement is one of the largest in history involving a technology company.
Key Facts
Meta is the company that owns Facebook and other social media platforms.
The settlement amount is $17 billion.
The case involved issues connected to Meta’s social media activities.
This settlement is considered a landmark because of its size.
The agreement ends the ongoing legal dispute without a trial.
The case was closely watched as it could affect future social media regulations.
Meta’s payment will impact its financial statements and business operations.
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A $50,000 deposit in a money market account can earn around $1,900 to $2,000 in interest over one year, based on current rates of about 3.8% to 4.0%. These rates are variable and may change if the Federal Reserve adjusts interest rates, so actual earnings can vary. Money market accounts offer more flexibility than certificates of deposit and allow check-writing, unlike high-yield savings accounts.
Key Facts
Money market accounts currently offer interest rates around 4%, higher than the 3.5% inflation rate.
A $50,000 deposit in a money market account earning 3.8% interest would make about $1,900 in one year.
At a 4.0% rate, the same deposit could earn about $2,000 in one year.
Interest rates on these accounts are variable, so they can go up or down depending on Federal Reserve decisions.
Money market accounts allow check-writing and easier access to funds, unlike certificates of deposit (CDs).
High-yield savings accounts offer slightly higher rates (around 4.1%) but do not have check-writing features.
Traditional savings accounts have much lower rates, under 0.5% currently, making money market accounts more attractive.
Earnings estimates assume no withdrawals or deposits during the year and that rates remain stable.
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Tom Brady's new CardVault trading card store in Palo Alto, California, was broken into just one week after it opened. Thieves smashed windows and display cases and stole 60 trading cards worth over $12,000.
Key Facts
The store opened on August 15, 2026, with Tom Brady attending the grand opening.
The burglary happened on a Saturday night about one week after the store opened.
Suspects broke a window and several display cases inside the store.
Around 60 trading cards were stolen.
The stolen cards are valued at more than $12,000.
This CardVault store is the 19th location for the business.
The store is located in Palo Alto, California.
Police are investigating the burglary.
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Meta agreed to pay $17 billion to settle a lawsuit about protecting younger social media users. This is one of the largest corporate settlements, but it is small compared to the company’s $201 billion revenue last year.
Key Facts
Meta is paying $17 billion to end a major trial about safety measures for young users on its platforms.
This settlement is among the biggest corporate payouts ever.
BP paid $20 billion for the Deepwater Horizon oil spill disaster, covering penalties and environmental damages.
Enron’s collapse due to accounting fraud led to over $7 billion recovered in a class-action lawsuit.
WorldCom hid losses with $11 billion in accounting fraud and agreed to pay shareholders about $750 million.
JPMorgan Chase paid $13 billion for misleading investors about risky mortgage securities before the 2008 financial crisis.
Bank of America settled for $16.65 billion for similar issues related to the financial crisis.
Large corporate settlements often involve hundreds of millions or billions to resolve lawsuits about fraud, safety, or environmental harm.
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Young consumers from Generation Z, aged roughly 11 to 27, are spending more on small treats like coffee and pastries as well as bigger expenses like travel and dining out. This spending trend continues despite their concerns about money and the economy, and experts call it the “little treat economy.”
Key Facts
Generation Z includes people born between 1997 and 2012.
Gen Z is buying small indulgences such as coffee, beauty products, and jewelry frequently.
They are also spending more on travel and eating out compared to other age groups.
This pattern is called the “little treat economy,” which means spending on small pleasures even during tough financial times.
Research shows many young people use these small treats to help cope with stress or because they cannot afford larger purchases.
A Bank of America study found Gen Z leads growth in restaurant spending, possibly due to slower price increases in restaurants and rising grocery costs.
Some experts say these habits reflect Gen Z’s desire to enjoy life despite economic challenges, rather than being the cause of their financial difficulties.
The “little treat economy” is compared to the “lipstick effect,” an older idea where consumers buy small luxuries during hard times for emotional comfort.
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A woman from Northampton, England, named Lisa Davies found a valuable collection of Emma Bridgewater pottery worth much more than she paid at a thrift store. Emma Bridgewater pottery is handmade and collectible, making this a great find at a low price.
Key Facts
Lisa Davies is a mom who enjoys visiting thrift stores regularly.
She found 11 pieces of Emma Bridgewater pottery recently donated to a charity shop.
Emma Bridgewater pottery is handmade and hand-decorated in Stoke-on-Trent, England.
The pottery brand is known for unique patterns and limited-edition designs.
Davies paid about £13.75 (around $18) for the collection.
The collection could sell for £150–£200 ($200–$270) or more.
New Emma Bridgewater mugs cost about £25 ($34) each.
Davies shares her thrift store finds on Instagram and advises others to visit stores often and get to know staff.
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