NBC has canceled nine of its TV shows ahead of the 2026-27 season. The canceled programs include dramas, talk shows, and entertainment news shows, as the network changes its lineup.
Key Facts
NBC canceled nine shows, including a Law & Order spinoff, a medical drama, and daytime shows.
Law & Order: Organized Crime ended after five seasons and 75 episodes.
The medical drama Brilliant Minds was canceled after two seasons despite good reviews.
Stumble, a one-season mockumentary about college cheerleading, was also canceled.
The Hunting Party crime drama was canceled after two seasons, with mixed critic and audience ratings.
The Kelly Clarkson Show will end after seven seasons and more than 1,000 episodes; Clarkson wants to spend more time with her children.
Access Hollywood will end after 30 years on air as part of a strategy to better match local TV station preferences.
Access Daily, a lifestyle and entertainment show related to Access Hollywood, is also ending.
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Nationwide building society nearly doubled its CEO Debbie Crosbie’s pay to £4.7 million for the year ending March 2026, mainly due to higher bonuses after acquiring Virgin Money. The increase has raised concerns about governance because members were not given a binding vote on the pay rise or the acquisition.
Key Facts
Debbie Crosbie’s total pay rose 88% from about £2.5 million to £4.7 million.
Bonuses increased from £1.1 million to £3.2 million, including annual and long-term performance payments.
Her base salary went up 2.9% to £1.2 million in April 2026.
The CEO’s maximum potential pay was raised by 43% to up to £7 million after Nationwide bought Virgin Money.
Nationwide did not offer members a binding vote on the CEO’s pay raise or on the Virgin Money takeover.
The building society plans an advisory vote on Crosbie’s pay at its July annual meeting.
Nationwide employs about 26,890 staff, who will get an average pay increase of 3.8% starting July.
The society has more than 17 million members and over £377 billion in assets.
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A new report shows that more Americans are moving to cheaper places instead of following job offers. Rising housing and living costs in big cities are pushing people to move to more affordable areas, mainly in the Southeast and Southwest.
Key Facts
58% of long-distance movers said affordability is the main reason for moving, compared to 28% who moved for jobs.
Most popular destinations are in the Sun Belt, including cities in Florida, Tennessee, and the Carolinas.
Myrtle Beach-Wilmington area was the top destination for new residents for the fourth year in a row.
Los Angeles led the list of cities with the most people moving away for five years straight.
Florida doubled the number of cities popular for moves compared to last year, while Tennessee stayed steady.
Popular destinations often have affordable housing, lower living costs, good weather, and no state income tax.
Some cities popular with retirees include Sarasota, Phoenix, Boise, and Dover.
California has seen nearly 10 million people move out to other states since 2010, while just over 7 million moved in.
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Severance pay is money given by an employer after a job ends to help cover living costs until a new job is found. However, if you owe unpaid debts, this money might be taken to pay those debts through a process called wage garnishment or a bank levy. Whether severance pay can be taken depends on how it is paid and the laws in your state.
Key Facts
Severance pay is meant to help people after job loss by providing temporary financial support.
Wage garnishment lets creditors take part of your paycheck to pay off debts if they have a court order.
Severance paid like regular wages can be garnished, usually up to 25% of disposable earnings, to leave enough money for basic needs.
A lump-sum severance payment can be taken through a bank levy, which has fewer protections than wage garnishment.
State laws vary; some states limit wage garnishment for debts, but exceptions exist for things like child support, taxes, and student loans.
If severance pay is at risk, it may mean debt problems are serious and considering debt relief options could help.
Debt settlement involves negotiating with creditors to reduce payments when you face financial hardship.
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The UK financial regulator, the Financial Conduct Authority (FCA), is suing Neil Woodford and his company W4.0 for giving investment advice without permission. Woodford had previously been banned from managing funds after his large investment fund collapsed in 2019 due to bad investment choices.
Key Facts
The FCA has started legal action to stop Neil Woodford and W4.0 from offering investment advice.
W4.0 is a company registered in the United Arab Emirates.
The FCA claims Woodford and W4.0 are giving regulated financial advice and promotions through a subscription website without FCA approval.
Woodford was banned in 2023 from senior financial roles after his equity fund failed.
His fund was once worth over £10 billion but lost money due to poor investments and hard-to-sell private companies.
The fund was suspended and later shut down, returning less money to 30,000 investors.
Woodford and his company were fined £46 million by the FCA in 2025.
Woodford launched W4.0 last year, offering investment strategies via subscription to individuals.
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CBS Mornings Deals offers special discounts on products that aim to improve daily life. Viewers can visit cbsdeals.com to access these deals and make purchases.
Key Facts
CBS Mornings Deals presents items with exclusive discounts.
The deals focus on products to help improve everyday lifestyle.
Customers can find the offers by visiting cbsdeals.com.
CBS earns a commission from purchases made through the website.
The discounts are featured during the CBS Mornings program.
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Australia has installed a lot of rooftop solar panels on homes, but commercial and industrial buildings have fewer installations despite using more electricity. A new report says businesses should use more solar power to help the country reach its clean energy goals and close coal plants.
Key Facts
Australia has 22 gigawatts (GW) of solar panels on homes but only 5.6 GW on businesses and industry.
Businesses use more electricity than households but have installed less rooftop solar.
Commercial solar can be added faster than big solar farms because it needs less planning and no new power lines.
Rooftop solar on homes equals the power output of the coal plants now on the grid.
Barriers for business solar include rented buildings, unclear electricity cost structures, and slow permission processes.
Businesses’ solar systems are often too big for home incentives and too small for big project support.
Experts suggest new government programs and better electricity pricing rules to encourage business solar adoption.
Victorian opposition proposes “urban solar parks” on commercial roofs to generate and store energy near where it’s used.
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Hiring rates have dropped by nearly 5% compared to last year, according to LinkedIn's recent workforce report. Career expert Catherine Fisher offers advice on how job seekers can improve their chances of getting hired, including using artificial intelligence (AI) tools during the job application process.
Key Facts
LinkedIn's workforce report shows a decrease in hiring rates by almost 5% year-over-year.
Catherine Fisher is a career expert featured by CBS News.
Job seekers face challenges in breaking into the job market currently.
Using AI can help applicants improve their job applications.
The advice aims to help people stand out to employers in a competitive market.
The article highlights trends and strategies in modern job searching.
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Meghan Markle’s company As Ever has had nearly 400,000 visitors from the U.S. since January 2025, but data showed it had over 650,000 items in stock, leading to questions about sales. There is no official sales data, and opinions on the business’s success vary, while sources say it has exceeded expectations, especially during the holiday season.
Key Facts
Meghan Markle launched As Ever in 2025, alongside her Netflix series With Love, Meghan.
In January 2025, a website flaw revealed As Ever had about 650,190 items in stock, worth an estimated $21.8 million.
Some items, like raspberry jam, had sold out, but many products, such as flower sprinkles and candles, remained in large quantities.
The website flaw allowed online users to see inventory by attempting to add large numbers of items to their shopping carts.
From January to May 2025, the As Ever website had about 392,114 U.S. visitors, less than the total inventory.
As Ever only ships products within the U.S.
A source close to As Ever said the business has done better than expected and that some negative opinions come from bias.
Meghan and Prince Harry have faced pressure to stay relevant to U.S. audiences after recent projects lowered their popularity.
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As the 2026 World Cup approaches, hiring in the US service industry is increasing. However, rising prices from inflation and higher FIFA fees are causing worry among local businesses about the economic benefits of the event.
Key Facts
The 2026 World Cup is planned to take place in the US and other North American countries.
US service businesses are hiring many new workers to prepare for the event.
Inflation means that general prices for goods and services are rising across the US.
FIFA, the organization running the World Cup, has increased prices for hosting and related costs.
These higher costs may reduce the expected economic boost from the World Cup.
Local businesses fear they might not see the large financial benefits they had hoped for.
The situation creates uncertainty about how much the World Cup will help the US economy.
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Iran announced it is ending its military actions against Israel, which led to oil prices falling from recent highs and stock markets recovering in Europe. This news helped government bond prices rise and lowered interest rates on debts in the UK, US, and eurozone.
Key Facts
Iran’s military command said it is stopping offensive operations after clashes with Israel.
Brent crude oil price fell from $98 a barrel to about $94.58 a barrel.
European stock markets moved from losses to slightly higher levels, shown by the Stoxx 600 index.
Government bond prices increased, causing yields (interest rates) in the UK, US, and eurozone to go down.
President Donald Trump asked both Iran and Israel to stop shooting immediately.
Nationwide’s CEO Debbie Crosbie’s pay nearly doubled to £4.7 million after a bonus scheme change.
Nationwide is asking its members to vote on the CEO’s pay report and board changes on July 13.
A recent tech stock sell-off was described by analysts as a needed market reset after strong gains.
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A federal judge criticized DOGE, a cryptocurrency, for having problems like arrogance, laziness, and ignoring important rules. The judge's comments highlight concerns about how DOGE operates in the financial space.
Key Facts
Judge Colleen McMahon oversees cases in the Federal District Court in Manhattan.
She described DOGE with negative traits such as arrogance and laziness.
The judge said DOGE ignores established procedures.
DOGE is a type of cryptocurrency, a digital currency used for online transactions.
The criticism points to legal and regulatory challenges related to DOGE.
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Trader Joe’s has agreed to pay $7.4 million to settle a lawsuit about printing too much credit and debit card information on some receipts in 2019. Eligible customers who used cards at affected stores during that time can claim part of the payout, but they must file a claim by June 9.
Key Facts
Trader Joe’s was sued for violating a law that limits how much card information can appear on receipts.
The receipts showed the first six and last four digits of card numbers, instead of just the last five as allowed.
Trader Joe’s denies wrongdoing but agreed to a $7.4 million settlement to avoid court battles.
About $3.86 million will be shared among eligible customers after fees and costs are paid.
Estimated payouts per person range roughly from $56 to $113, depending on how many claims are filed.
To be eligible, shoppers must have used a card at Trader Joe’s stores between March 5 and July 19, 2019, and received a receipt with the full card digits printed.
Approximately 757,663 unique card numbers are part of the settlement class.
Claims must be submitted by June 9 online, by mail, or by phone to receive money.
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The Liberal Democrats have proposed a new energy policy that offers all households a basic amount of energy at a lower price, with extra discounts for those who need more support. The plan aims to reduce energy bills, especially for low-income families, and would be funded by reclaiming extra profits from energy companies.
Key Facts
All households would get a discounted "Essential Energy Allowance" to cover basic energy needs.
Families with more children and those with special needs (like electric wheelchairs) would get extra discounted energy.
The poorest 20% of households could save about £140 a year, while others save around £100 annually.
The policy aims to reduce health costs caused by cold homes, which currently cost the NHS £1 billion a year.
Funding would come from the energy regulator forcing companies to return an estimated £5 billion in extra profits by 2028.
The Lib Dems want to allow free home insulation and heat pump installation for low-income families.
They propose removing green levies from bills and instead taxing banks and energy company windfall profits.
The government currently plans to raise the energy price cap in July due to rising oil and gas prices, but some parties call for VAT removal or price freezes.
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Tata Steel faces a delay of up to a year in connecting its new electric arc furnace to the electricity grid in south Wales, caused by engineering and planning problems. Trade unions have called on the government to help speed up the process, as the delay affects jobs and efforts to reduce carbon emissions.
Key Facts
Tata Steel’s new electric arc furnace in Port Talbot, south Wales, will be delayed by 6 to 12 months for connection to the electricity grid.
National Grid, the company managing the UK’s power infrastructure, cited problems like poor ground conditions and planning issues.
Tata Steel closed its old blast furnaces in September 2024, cutting 2,000 jobs as it moves to a cleaner furnace.
The electric arc furnace project has received £500 million in UK government subsidies to reduce carbon emissions.
A recent fire damaged part of Tata Steel’s existing Port Talbot site but caused no injuries.
Trade unions Community, Unite, and GMB demand government action to solve the delay and protect jobs.
National Grid is a private company, and union leaders criticized it for prioritizing shareholders over the UK economy.
Tata Steel and National Grid are discussing ways to adjust schedules to minimize the delay.
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Many American adults have trouble reading and using basic skills needed for work, and artificial intelligence (AI) tools may help hide these problems. While AI helps people complete tasks, it can also hide gaps in understanding that might cause trouble when workers need to think critically or solve problems.
Key Facts
About 130 million U.S. adults read below a sixth-grade level.
Around 43 million adults struggle with reading, writing, or basic math above a third-grade level.
More than 90% of jobs need some computer skills.
Low literacy affects everyday work tasks like emails, safety instructions, and training materials.
AI can make it easier for workers to finish tasks without fully understanding them, which hides skill gaps.
Lack of literacy and digital skills makes it harder for adults to get better jobs or training.
Some experts worry AI creates an "invisible drag" on productivity because workers rely on it without deep understanding.
Book buying is rising, but this doesn’t always mean people have strong reading skills or use them regularly.
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Costco has lowered prices on a few Kirkland Signature products, including food, household, and sporting goods items, according to recent reports and company statements. The price cuts are modest but important because Costco usually keeps prices very steady and low through its business model focused on membership fees.
Key Facts
Costco cut prices on four Kirkland products: crispy wings, milk chocolate almonds, golf balls, and king size sheets.
Price reductions ranged from $1 to $10 on these items.
CEO Ron Vachris said Costco aims to lower prices first and raise them last.
Most of Costco’s profits come from membership fees, allowing it to keep product prices low.
The price cuts were not heavily promoted in stores or online.
Some shoppers had complained recently about price increases or fluctuations on Costco products.
Kirkland Signature is key to Costco’s brand, offering good quality at lower prices.
It is unclear if more Kirkland products will have price cuts or how long the new prices will last.
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Tate & Lyle, a UK company known for artificial sweeteners, has agreed to be bought by the US company Ingredion for £2.7 billion. The deal may result in about 475 job cuts but will create a larger company with combined revenue of almost $10 billion.
Key Facts
Ingredion will buy Tate & Lyle for £2.7 billion, valuing each share at 615p.
The takeover price is about 60% higher than Tate & Lyle’s share price before the news.
Around 475 jobs (3% of the combined workforce) might be cut after the merger.
Tate & Lyle employs nearly 5,000 people worldwide, with about 200 in the UK.
Ingredion is based in Chicago and has about 11,000 employees globally.
Tate & Lyle shifted focus to artificial sweeteners and special food ingredients after selling its sugar business in 2010.
The combined company expects around $9.9 billion in yearly sales and $1.8 billion in profits.
The deal is another example of important UK companies leaving London’s stock market.
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Asia’s main stock markets fell sharply due to renewed conflict between Iran and Israel and worries about possible interest rate increases in the United States. South Korea experienced the biggest losses, with major tech companies dropping heavily, while other Asian markets also declined amid these concerns.
Key Facts
South Korea’s KOSPI index fell nearly 9% early in the day, triggering a 20-minute trading halt (circuit breaker).
The KOSPI closed 8.29% lower after the market reopened.
Samsung Electronics and SK Hynix stocks dropped 10.2% and 7.6%, respectively.
Japan’s Nikkei 225 index declined by 3.9%.
China’s SSE Composite and Hong Kong’s Hang Seng indexes fell 1.7% and 1.3%, respectively.
Taiwan’s TAIEX, influenced by chip maker TSMC, dropped 3.5%.
Brent crude oil prices rose 3.7%, surpassing $88.50 per barrel.
The stock sell-off followed strong U.S. jobs data that raised fears the Federal Reserve may increase interest rates.
Wall Street’s main indexes also fell, with the Nasdaq dropping 4.18%, its worst day since April 2025.
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Global stock markets fell due to worries about technology companies involved in artificial intelligence and increased oil prices after conflicts between Iran and Israel. Asian and European markets dropped sharply, while oil prices rose nearly 5% amid fears the Middle East conflict could escalate.
Key Facts
Stock markets in Asia and Europe fell sharply on Monday, following a sell-off in US tech stocks the previous week.
The South Korean Kospi index dropped nearly 9%, partly caused by large losses in chipmaker shares like Samsung Electronics and SK Hynix.
Oil prices rose almost 5% to $97.60 a barrel after Iran and Israel exchanged fire, raising concerns about regional stability.
European tech companies involved in AI, including Besi, ASML, Aixtron, and Nokia, saw share prices fall between 3% and 6%.
Investors worry about the large spending plans of tech companies during a period of possible higher interest rates and inflation.
Experts say investors now want clearer proof that AI companies can make money and spend wisely before investing.
The Middle East conflict risks blocking the strait of Hormuz, a key shipping route for a fifth of the world’s oil and gas supply.
President Trump said before the conflict he would advise Israel on the war but later said Israel’s strikes in Lebanon were not coordinated with the US and expressed unhappiness about them.
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