The U.S. Mint released a new $1 coin featuring President Donald Trump as part of the country's 250th anniversary celebration. The coin is legal money but is sold as a collectible at prices higher than its $1 face value.
Key Facts
The coin shows President Donald Trump's portrait on one side.
It is part of the U.S. semiquincentennial (250th anniversary) celebrations.
The coin is legal tender but sold mostly to collectors, not for spending.
The U.S. Mint website had high traffic and put visitors on a waiting list with about a 20-minute delay.
Prices for the coins are $61 for a roll of 25 coins or $154.50 for a bag of 100 coins.
The coin has a gold-colored finish but is made from non-precious metals.
Collectors pay more than face value because of production costs and collectible demand.
The coins come in special packaging aimed at coin collectors (numismatists).
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Uber drivers from several European countries have started a large legal case against Uber. They say Uber’s AI system sets their pay and jobs unfairly and breaks data protection laws by using their personal information without clear rules.
Key Facts
Drivers in the UK, Netherlands, and other countries joined the legal claim against Uber.
The lawsuit is filed at Amsterdam’s district court, where Uber’s European headquarters is located.
The case challenges Uber’s AI algorithm that decides pay rates and who gets which ride jobs.
Drivers say the algorithm offers different pay to different drivers for the same job and lowers fares based on what it thinks drivers will accept.
The claim argues Uber breaks Europe’s data protection law (GDPR) by using driver data without proper consent.
The Dutch data protection authority fined Uber €825 million for related automated account deactivations. Uber plans to appeal.
Drivers say the AI system has lowered their annual earnings by about £5,000 since 2023 in the UK.
Uber’s CEO has described the system as targeting different trips to drivers based on preferences or behavior.
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An Axios reporter named Erica Pandey says that food prices around the world are expected to rise soon. She explained this prediction during an interview on CBS News 24/7 Mornings using recent data.
Key Facts
Erica Pandey is an Axios reporter covering food inflation.
She predicts a rise in global food prices soon.
The prediction is based on current data trends.
Pandey discussed her views on CBS News 24/7 Mornings.
Food inflation means the cost of food is going up.
The report focuses on worldwide food price increases.
The interview was featured on the CBS News app and website.
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When a debt collector freezes your bank account, pending transactions like debit card payments, automatic withdrawals, and checks may still go through, be rejected, or get reversed depending on their processing stage. You can protect some types of income, and there are steps to dispute the freeze or manage your payments while resolving the debt.
Key Facts
A bank levy lets debt collectors take money directly from your bank account to cover unpaid debts.
When the account is frozen, pending transactions may settle, be returned, or rejected based on timing and available funds.
Debit card purchases already authorized might still complete, but final charges could differ, causing payment denial if funds are low.
Automatic withdrawals and checks not fully processed when the freeze happens may be returned, triggering fees or service problems.
Some incoming deposits, like Social Security or veterans’ benefits, usually have federal protection and may not be frozen.
You should get the garnishment notice and check the creditor and amount; you may be able to claim exemptions to protect funds.
Disputes can be filed to release protected or excess frozen money, with the final decision made by a judge.
It is important to contact billers and possibly pause autopay while addressing the underlying debt or seeking debt relief help.
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Australia’s economy is growing more slowly, with real GDP rising 0.4% in the June quarter and 2.1% over the year, down from earlier growth rates. People are spending less on overseas travel and more on electric vehicles, while most economic growth is due to population increase rather than higher productivity.
Key Facts
Australia’s economy grew by 0.4% in the June quarter and 2.1% over the last year, showing slower but steady growth.
The economy has not collapsed despite global events like the conflict between the US, Israel, and Iran.
Household incomes increased slightly after inflation, by 0.6% in the quarter, but growth slowed when adjusted for population.
Fewer Australians traveled overseas in the northern summer, partly due to high airfares caused by expensive jet fuel.
Spending on electric and hybrid vehicles rose sharply, with vehicle purchases up 10%, supported by government subsidies.
Without increased EV spending, household consumption would be too weak, showing people are feeling cost-of-living pressure.
Household savings rates stayed steady at about 6.5%, meaning people are still saving as well as spending.
Economic growth per person shrank slightly, indicating that growth relies mostly on population growth, not improved productivity.
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The Dutch central bank moved a large part of its gold reserves from North America to London to be better prepared for possible future crises. The bank now holds more gold in London because it can be traded more easily there in emergencies.
Key Facts
The Dutch central bank shifted 86 metric tons of gold from New York and Ottawa to London between March and August.
Before the move, New York held 31.3% and Ottawa 19.7% of Dutch gold reserves; now both hold 18.5% each.
The bank owns a total of 612.4 metric tons of gold worth about 72.2 billion euros ($83.6 billion) as of the end of 2025.
Around 27 metric tons of gold were physically moved from the U.S. and Canada to a vault in Zeist, Netherlands.
A similar amount was moved from Zeist to London, while the rest was relocated through selling gold in New York and buying it in London.
The bank said gold stored in London is easier to trade internationally and can be accessed faster during a crisis.
Gold in New York and Ottawa is less readily available for immediate use in emergency situations.
The move was made as part of the bank’s "crisis preparedness" amid global political uncertainty.
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CBS Mornings Deals offers special discounts on various products aimed at improving daily life. Customers can visit the website cbsdeals.com to find these deals and make purchases.
Key Facts
CBS Mornings Deals shares exclusive discounts on different products.
These products are designed to help improve everyday lifestyle.
Discounts are available on the website cbsdeals.com.
Purchases made through the site help CBS earn commissions.
The segment encourages viewers to take advantage of the offers today.
The deals are promoted during CBS Mornings news programming.
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Chinese electric vehicle (EV) maker Geely Auto Group, through its luxury brand Zeekr, is preparing to sell cars in North America soon, starting with Canada. This move follows a new trade deal that lowers Canadian tariffs on Chinese EVs, allowing them to compete with U.S. brands like Tesla and GM mainly by offering lower prices.
Key Facts
Geely Auto Group is one of China’s largest EV companies, producing its luxury brand Zeekr in a highly automated factory in Ningbo, China.
The factory uses artificial intelligence and is 99% automated, with humans mainly monitoring the process.
Zhao Chunlin, Zeekr’s Vice President of manufacturing, stated that Chinese EVs have become high quality due to strong customer demand in China’s large market.
Zeekr claims that even Tesla cars made in China are of better quality than those made in the U.S.
A trade deal between Canada and China signed in January 2024 reduces Canadian tariffs on Chinese EVs from 100% to 6%.
As a result, Canada will allow the import and sale of 49,000 Chinese EVs in the first year under this deal.
Chinese EVs have grown quickly in markets like Australia and Europe, gaining significant market shares by offering lower prices.
The U.S. has not allowed Chinese EVs due to concerns about security and protecting U.S. automakers but might see future collaborations instead of direct competition.
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Personalized pricing means setting different prices for each customer based on their needs or situation. This can help both sellers and buyers by making deals that fit what customers can afford.
Key Facts
Personalized pricing adjusts prices for individual customers.
It can make buying easier for people who need lower prices.
Sellers can still make money by charging more to those willing to pay.
This approach can increase sales by matching prices to customers.
It requires knowing customer information to set the right price.
Personalized pricing is used in many areas like online shopping and services.
It aims to create fair deals that benefit both sides.
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Wage garnishment means a part of your paycheck can be taken to pay off debts after a court order. Federal and state laws limit how much can be taken, and you may be able to ask the court to reduce or stop the garnishment if it makes it hard to pay for basic needs.
Key Facts
Wage garnishment happens when a court orders part of your paycheck to be used to pay a debt.
Federal law limits garnishment to 25% of disposable earnings or the amount over 30 times the federal minimum wage, whichever is less.
Some states have stricter garnishment limits that offer more protection.
Garnishment limits differ for debts like child support and taxes.
You may request a court to reduce or stop garnishment by showing financial hardship and providing proof of income and expenses.
Acting quickly after receiving garnishment papers is important to protect your rights.
Debt relief options, like debt management plans or debt settlement, may help manage overall debt and ease financial strain.
Working with a consumer attorney can help you understand how the law works in your state and what options you have.
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An expert suggests that travelers should book their holiday flights early, even though the holiday season is still several months away. Booking now could help avoid higher prices and limited seat availability closer to the holidays.
Key Facts
Holiday travel is still months away, but booking flights early is recommended.
Flight prices often rise as the holiday season approaches.
Booking early can secure better prices and more seat choices.
Airlines may reduce available seats as the holidays get closer.
Planning ahead can reduce travel stress during busy times.
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Putting $200,000 into a high-yield savings account could earn about $8,000 in interest over one year, based on current interest rates around 4%. Unlike certificates of deposit (CDs), these savings accounts let you keep access to your money while benefiting from changing rates.
Key Facts
High-yield savings accounts currently offer interest rates between 3.95% and 4.10%.
A $200,000 deposit could earn approximately $7,900 to $8,200 in interest over one year if rates stay the same.
These accounts have variable interest rates that can go up or down, unlike fixed-rate CDs.
CDs offer rates up to 4.50% but require locking funds until maturity, limiting access.
High-yield savings accounts give savers flexibility to withdraw or move money anytime.
The Federal Reserve may raise interest rates soon, which could increase savings account returns.
Savers should compare rates from different banks before choosing an account.
Using online marketplaces can help people easily find and compare high-yield savings options.
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Some people in the U.S. do not want data centers built near them because of concerns. However, a leader in construction believes that building these centers causes short-term problems but will bring long-term benefits like jobs and growth.
Key Facts
Half of Americans say they do not want data centers built in their neighborhoods.
Data centers are facilities that store and manage large amounts of digital information.
Marc Poulos is a leader in the construction industry who supports building data centers.
Poulos says the difficulties during construction are temporary.
He believes data centers will create jobs and help the economy over time.
CBS News conducted a poll in June to gather public opinions on data center construction.
The article focuses on the local impact of data center projects and construction perspectives.
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Many countries are facing higher interest rates due to tensions in the Middle East and rising inflation. At the same time, big technology companies and countries like Japan are borrowing more money from global bond markets, which is pushing borrowing costs even higher for governments.
Key Facts
The closure of the Strait of Hormuz and conflicts involving the US and Iran have increased inflation and energy prices.
Higher inflation expectations mean countries must pay more interest to borrow money.
US tech giants like Google, Amazon, and Meta have raised over $219 billion in bonds this year, much more than in previous years.
This big borrowing by tech companies increases competition for money and raises costs for governments.
Japan, with very high debt, is also facing rising interest rates on its government bonds as inflation rises.
The UK’s borrowing costs have gone up partly due to political instability and doubts about government plans for managing debt.
Despite recent problems, the UK economy has grown faster than some other countries in early 2026.
Economists say demand for bonds is changing due to factors like AI investments and uncertain US policies.
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Wealthy buyers, many working in AI companies, are buying expensive homes in the San Francisco Bay Area and other U.S. cities. This demand is keeping sales of luxury houses strong even as mortgage rates rise and overall home sales remain low.
Key Facts
High-income earners linked to the AI boom are buying luxury homes despite higher mortgage rates.
The Bay Area saw a 39.3% rise in luxury home sales in the first half of this year compared to last year.
Other cities like San Diego, Miami, Detroit, Nashville, and Tampa also see faster luxury home sales.
Sales of more affordable, middle-market homes have risen only slightly or stayed flat.
The median price for luxury homes in the U.S. increased by 4.3% to about $1.37 million.
Middle-market home prices rose by 1.4% to approximately $377,245.
Many wealthy buyers pay cash or make large down payments funded by stock market gains.
The overall U.S. housing market remains slow, with flat or declining home sales for the general market.
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Tim Cook has been paid $47 million as Apple’s new executive chair after stepping down as CEO. His successor, John Ternus, will receive a $3 million salary and a $55 million share award, with expectations of new product launches and AI integration at Apple.
Key Facts
Tim Cook received a $47 million pay package as executive chair of Apple.
Cook’s pay includes a $2 million base salary and $45 million in shares, half based on performance goals.
John Ternus succeeded Cook as Apple’s CEO with a $3 million salary and $55 million in shares.
Apple’s stock price increased by 2,200% since Cook became CEO in 2011.
Ternus previously led Apple’s hardware engineering teams and will oversee product development.
Apple is expected to reveal a foldable iPhone at its event on September 9.
Cook’s new role involves working with global policymakers and maintaining Apple’s relationship with President Donald Trump.
Cook’s final memo to employees emphasized Apple’s focus on its products and praised Ternus’s skills.
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The 2026 Toyota RAV4 and Hyundai Tucson plug-in hybrid SUVs were tested to compare their electric range, fuel efficiency, passenger comfort, cargo space, and technology features. The RAV4 offers a longer all-electric range and better fuel economy, while the Tucson provides more passenger legroom and a more comfortable ride. Both vehicles have advanced infotainment systems with similar capabilities.
Key Facts
The Toyota RAV4 plug-in hybrid can drive about 54-58 miles on electric power alone, depending on the trim, with an EPA fuel economy of up to 40 mpg combined after the battery runs out.
The Hyundai Tucson plug-in hybrid has an electric-only range of about 32 miles and an EPA fuel economy of around 35 mpg combined.
Cargo space behind the rear seats is similar: 33.6 cubic feet for the RAV4 and 31.9 cubic feet for the Tucson.
The Tucson offers significantly more rear legroom (41.3 inches) compared to the RAV4 (37.8 inches).
Reviewers found the Tucson’s front seats more comfortable and its ride smoother over bumps.
Both SUVs scored very high (9.7/10) in infotainment usability and connectivity.
The RAV4’s newer system requires an internet connection and a paid subscription for some features after a trial period, while the Tucson’s system works offline but has weaker navigation search.
Screen sizes vary: Tucson has a standard 12.3-inch touchscreen; RAV4 offers either 10.5-inch or 12.9-inch screens depending on trim.
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The U.S. Department of Agriculture (USDA) has started a new program to help cattle ranchers. The program focuses on rebuilding cattle herds, recovering from hard times like natural disasters, and creating more market chances for ranchers.
Key Facts
The USDA launched an initiative to support U.S. cattle ranchers.
The program helps ranchers rebuild their cattle herds.
It supports recovery after disasters that affect livestock.
The initiative aims to create more chances for ranchers to sell their cattle.
The program is designed to strengthen the cattle industry in the U.S.
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Hospitality businesses in Northern Ireland want a cut in the value-added tax (VAT) to compete with lower VAT rates in the Republic of Ireland. Industry leaders say a VAT cut would help businesses survive but may not directly lower prices for customers. The UK government has refused the request, saying it would cost too much.
Key Facts
Hospitality VAT in Northern Ireland and the rest of the UK is 20%, while in the Republic of Ireland it is 9% on food and 13.5% on accommodation.
Northern Ireland businesses face higher costs due to wage increases, taxes, and supply chain issues.
Hospitality leaders say a VAT cut would help them offer better prices to tour operators and keep business from declining.
The Republic of Ireland has changed VAT rates several times since 2011 to support tourism and the hospitality industry.
The latest Irish VAT cut on food service is estimated to cost around €680 million per year.
The UK government argues a VAT cut is expensive and may not help customers with lower prices.
An economic expert suggested a trial VAT cut in Northern Ireland to see if it encourages investment, estimating an initial cost of £225-250 million per year.
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Chevron announced a deal to grow its oil production in Venezuela by getting more land in the Orinoco Belt. The company plans to invest over $7 billion in the next five years and increase oil output in the region.
Key Facts
Chevron secured additional acreage in Venezuela’s Orinoco Belt oil region.
The Orinoco Belt is an important oil-producing area where Chevron already operates.
Chevron plans to invest more than $7 billion over the next five years.
The goal is to increase oil production to a higher level (exact target not specified).
This expansion is part of a joint venture arrangement.
Chevron’s move marks a significant investment in Venezuela’s oil industry.
The announcement was made early on a Wednesday.
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