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Business news, market updates, and economic developments
A New Jersey candy company is recalling chocolate eyeball candies sold at Marshalls, TJ Maxx, HomeGoods, and Sierra Trading Post because the packaging did not list milk as an ingredient. The Food and Drug Administration (FDA) warns that people with milk allergies could have serious reactions. No illnesses have been reported so far.
Key Facts
The candy is sold under the brand "Crystal Temptations."
It was distributed in 13 states, including Arizona, California, New Jersey, Texas, and Virginia.
The recall was issued because milk allergens were not declared on the packaging.
People with milk allergies risk severe allergic reactions if they eat the candy.
No reported illnesses linked to the candy exist as of August 31.
The packaging mistake happened due to a temporary problem during production and packing.
Consumers who bought the candy should throw it away and contact Crystal Temptations for a refund.
The stores that sold the candy will not give refunds directly.
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Horizon Organic Dairy is recalling over 53,000 cases of its chocolate milk because the milk might spoil early. The company and the FDA warn that the milk could develop a bad taste or smell.
Key Facts
The recall involves more than 53,000 cases of Horizon Organic chocolate milk.
The milk may spoil before its expiration date.
Spoiled milk can have a unpleasant taste and odor.
The recall is voluntary, meaning the company chose to take action on its own.
The FDA is involved in sharing information about the recall.
Consumers are advised to check their products and avoid drinking the recalled milk.
Horizon Organic Dairy is working to address the issue and ensure safety.
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If your bank account is frozen because of unpaid debt, deposits that are on the way may still arrive in the account. However, the money could be blocked or taken by creditors depending on the timing of the deposit and the laws in your state. Some government benefits are protected from being taken.
Key Facts
Household budgets are strained due to high interest rates, inflation, and rising costs.
Credit card debt in the U.S. reached $1.26 trillion in Q2 of 2026.
If you miss credit card payments, creditors might sue and get a court order to freeze your bank account.
A frozen account means you cannot withdraw money, but pending deposits can still arrive.
Creditors can take (garnish) money from your account after a court levy order.
The timing of deposits matters: money arriving after the freeze might be subject to collection or not, depending on state laws and the court order.
Federal benefits like Social Security and VA payments often have protections and cannot be seized.
You should contact your bank quickly to find out if deposits will be restricted and what steps to take to access your money.
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Daniel Lubetzky, a judge on the TV show "Shark Tank" and founder of KIND Snacks, talked about four important skills needed to build a successful business. He shared these ideas during an interview about his new podcast called "Build or Break," where he speaks with other business leaders and innovators.
Key Facts
Daniel Lubetzky is a judge on "Shark Tank," a show where entrepreneurs pitch business ideas.
He founded KIND Snacks, a popular food company.
Lubetzky has a new podcast called "Build or Break."
The podcast features conversations with entrepreneurs and industry leaders.
He identified four key skills that help build strong businesses.
The interview appeared on the "CBS Mornings" program.
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Good Good Golf's CEO Matt Kendrick and President Joe Flannery resigned after a controversial Callaway Golf ad was criticized for being sexist and making light of violence against women. Nahid Giga, a co-founder and investor, became interim CEO, while Callaway ended its partnership with Good Good Golf.
Key Facts
Good Good Golf CEO Matt Kendrick and President Joe Flannery left the company.
Their departure followed criticism of an ad showing a male golfer pushing a female golfer, seen as sexist and trivializing violence against women.
The ad was a joint project with Callaway Golf and was quickly pulled after public backlash.
Callaway Golf ended its three-year partnership with Good Good Golf after the ad controversy.
Good Good Golf also withdrew from sponsoring a PGA Tour tournament this fall.
Nahid Giga, co-founder and early investor, became interim CEO immediately.
The ad was meant to parody the horror movie "Obsession," but many viewers did not see the humor.
Garrett Clark, who acted as the male golfer in the ad and co-founded Good Good, stayed with the company.
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CBS Mornings Deals offers viewers special discounts on products to improve daily life. Customers can visit cbsdeals.com to find these deals, and CBS earns a commission on sales made through the website.
Key Facts
CBS Mornings Deals features items aimed at enhancing everyday living.
Exclusive discounts are available only through the CBS Deals website.
The website to access these offers is cbsdeals.com.
Purchases made through the site generate commissions for CBS.
The segment is part of CBS News programming.
Viewers can also find CBS News content on a dedicated app.
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Charged-off credit card debt means the lender has given up expecting full repayment but the debt still exists. This status can sometimes make it easier to negotiate a lower payoff, but it depends on who holds the debt and your financial situation.
Key Facts
Credit card debt increased by $21 billion in the second quarter of 2026, totaling $1.26 trillion.
An account is usually charged off after about six months of missed payments.
Charge-off is an accounting step indicating the lender expects trouble collecting money but does not erase the debt.
After charge-off, the original creditor may keep the debt, give it to a collector, or sell it to a debt buyer.
Debt buyers or collectors may be more willing to accept less money in a settlement than the full amount owed.
Having a lump sum to pay quickly can improve chances of settling for less.
Waiting for charge-off to try to settle is risky because missed payments hurt credit scores and collection actions can continue.
It’s important to act early and explore options if you cannot pay the full amount owed.
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Gas prices are changing quickly due to events connected to the war in Iran. These changes are causing concerns about inflation and affecting the stock market.
Key Facts
Oil prices are going up and down because of the war in Iran.
Changes in oil prices are making gas prices unstable.
Rising gas prices can cause inflation, meaning the cost of goods and services goes up.
The stock market is being affected by the changes in oil and gas prices.
These economic effects come from a conflict happening far from the U.S., showing how global events can impact local economies.
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The article talks about new AI programs called AI agents that can do tasks on their own without needing many instructions from people. These AI agents are starting to help in daily life by planning trips, shopping online, and doing other routine jobs. The founders of HumanCorps, a company that helps businesses use AI, explain how these tools are changing work.
Key Facts
AI agents are computer programs that work independently to complete tasks.
Unlike regular AI chatbots, AI agents can follow multiple steps without detailed instructions each time.
These AI agents are being used for things like holiday planning and online shopping.
HumanCorps is a consultancy that assists organizations in adopting AI technology.
The article features interviews with Andrew Lopianowski and Mike Pino, founders of HumanCorps.
AI agents represent a move toward more autonomous technology in everyday activities.
The discussion is part of a series on how artificial intelligence is influencing business and work.
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A new study shows that many single Americans want their romantic partners to earn at least $100,000 a year. This expectation appears at a time when recent reports indicate that young Americans are dating less in 2026.
Key Facts
Many single Americans prefer partners with six-figure incomes.
The study highlights financial expectations in dating choices.
Reports show that young Americans are dating less in the year 2026.
The trend may reflect changing attitudes toward relationships and money.
The amount $100,000 is considered a high income by many people's standards.
The study connects financial goals with romantic partner preferences.
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Travelers during the Labor Day holiday are facing higher costs this year. Airfare prices and gas prices have increased, and weather conditions may cause additional problems.
Key Facts
Labor Day weekend is a popular time for travel.
Airfare prices are higher compared to previous years.
Gas prices have also gone up, making car travel more expensive.
Stormy weather may cause delays or disruptions for travelers.
These factors combined could make traveling more costly and challenging.
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Federal Reserve governor Christopher Waller said the Fed’s decision to raise interest rates later this month depends on the inflation report due on September 11. If inflation remains low, he may keep rates steady, but if inflation rises, he might support increasing rates.
Key Facts
The inflation report for August will be released on September 11.
Waller said inflation data will influence whether the Fed raises interest rates in September.
If inflation stays low or cools, Waller favors keeping rates unchanged.
If inflation increases (“comes in hot”), Waller may support a rate hike.
Borrowing costs currently only slightly reduce consumer and business spending.
Other Federal Reserve officials have mixed views on needing more rate hikes.
Fed Chair Kevin Warsh indicated more rate hikes might be necessary.
Wall Street investors increased bets on a September rate increase after Warsh’s comments.
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Energy prices, especially for natural gas, are rising across Europe and the UK due to low gas storage and conflicts affecting supply routes. This situation may cause higher energy bills for households during the upcoming winter season.
Key Facts
UK and European natural gas prices are at their highest levels in three years.
European countries delayed filling gas stores over the summer, hoping conflicts would end and prices would drop.
Gas storage levels are below normal for this time of year, increasing the need to buy gas now at higher prices.
Renewed conflict between the US and Iran has raised concerns over the closure of the Strait of Hormuz, a key shipping route for oil and gas.
Gas prices may continue to rise, potentially reaching €80 per megawatt-hour by the end of the year.
Higher wholesale gas prices lead to increases in household energy bills through the energy price cap set by the UK regulator, Ofgem.
UK gas storage is very low, raising concerns about energy security during winter.
The UK government is considering proposals for gas storage but emphasizes value for money and is working on reducing reliance on natural gas.
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John Lewis is starting a YouTube chatshow called the Gift List to make its products easier to find through AI search tools like ChatGPT. The show will feature guests talking about memorable gifts and will help improve how John Lewis appears in online searches related to shopping.
Key Facts
John Lewis will launch a six-episode online show called the Gift List, hosted by TV presenter Angela Scanlon.
The show aims to improve the store’s visibility in AI-powered search results.
The first episode features broadcaster Louis Theroux as a guest.
AI tools such as ChatGPT have increased customer searches for products from 0.3% to 2.5%.
John Lewis is using social media clips to quickly respond to trends that influence shoppers.
The store is adapting to changes in customer behavior due to growing AI and social media use.
Peter Ruis, John Lewis’s outgoing managing director, said the economy is challenging but sales momentum is improving.
John Lewis will release half-year financial results next week and is optimistic about the coming holiday season.
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A collector named Elgin from Montreal found a rare set of 14 Arabia Finland Kalevala plates on Facebook Marketplace for just over $70. These collectible plates usually sell for much more, and Elgin is happy to keep them for his own use.
Key Facts
Elgin is a collector who searched for years for these specific plates.
The plates are Arabia Finland Kalevala plates, designed by Raija Uosikkinen between 1980 and 1990.
The plates are based on the Kalevala, Finland’s national epic poem.
Individual plates usually sell for $22 to $66, with rare ones costing $66 to $110 or more.
Complete sets of these plates are worth significantly more than single plates.
Elgin bought a full set of 14 plates on Facebook Marketplace for just over $70, a much lower price than usual.
Facebook Marketplace is popular for finding secondhand, unique items, especially among younger users.
Elgin plans to keep the plates in his home rather than sell them.
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The article discusses the rapid growth and high value of artificial intelligence (AI) technology and suggests that companies benefiting from this growth will need to share some of their wealth. It points out that this outcome was expected given the rise of AI and its impact on the data center industry.
Key Facts
AI technology has reached trillion-dollar valuations.
The growth of AI has increased demand for data centers.
Data centers are critical facilities that store and process large amounts of data.
The wealth generated by AI companies is significant.
Sharing some of this wealth is becoming a necessary conversation.
The rise in AI and data center importance was predictable.
Industry stakeholders are considering how to balance profits and responsibilities.
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Reform UK has received another £4 million donation from British crypto billionaire Ben Delo, who was pardoned by President Donald Trump after a US conviction. This new gift raises Delo’s total contributions to £8 million, making him the party’s second biggest donor after Christopher Harborne.
Key Facts
Ben Delo is a British crypto billionaire formerly based in Hong Kong.
He was convicted in the US in 2022 for not having proper anti-money laundering controls in his crypto business.
President Donald Trump pardoned Delo after his conviction.
Delo has now donated a total of £8 million to Reform UK.
Christopher Harborne, another crypto investor, is the party’s largest donor, having given £15 million to Reform UK and £5 million personally to Nigel Farage.
New UK rules limit overseas political donations unless the donor has been on the UK electoral register for 12 months.
Reform UK believes Delo meets the registration rules and will not need to return any donations.
Other parties like Labour and the Conservatives received smaller donations in the same quarter.
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The Japanese yen rose sharply against the U.S. dollar as investors expect the Bank of Japan (BoJ) to raise interest rates soon. This reaction follows remarks from a BoJ policymaker and recent market turmoil caused by rising inflation fears and higher oil prices.
Key Facts
The yen increased by more than 1.7% against the dollar, reaching 155.85 yen per dollar, its strongest in a month.
Investors think the BoJ will raise interest rates at its next meeting on September 17, with a 77% chance of a rate hike.
BoJ has been slowly raising rates over the past two years but kept the main rate at 1% in July.
A BoJ policymaker called for more flexible action, increasing expectations for a rate increase.
Japan’s vice-finance minister said policymakers remain very alert amid market uncertainty.
The global bond market recently saw a sell-off due to fears of rising inflation linked to higher oil prices.
The U.S. Federal Reserve chair emphasized a strong commitment to controlling inflation, which affected global markets.
UK government bond yields peaked near their highest in over a decade before stabilizing somewhat.
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UK government bond prices are rising slightly, which lowers borrowing costs as bond yields fall from recent highs. This change may reflect easing inflation fears, helped by a small drop in oil prices and calmer government bond markets across Europe.
Key Facts
UK 10-year government bond yields dropped by about 0.04 percentage points to 5.195%, below an 18-year high set recently.
30-year UK bond yields also fell by 0.04 percentage points to 5.831%.
Lower oil prices (Brent crude around $95.20 a barrel) may reduce fears about inflation causing interest rates to rise.
German and French government borrowing costs have decreased too, showing broader bond market calm in Europe.
Israeli defense officials warned that if Iran attacks Israel, Israel will target Iran’s infrastructure, raising geopolitical concerns.
US job cuts slowed in July, with 33,429 layoffs announced, the lowest monthly total in two years, though tech companies continue cutting jobs due to AI impacts.
UK service sector growth reached a four-month high recently, suggesting some economic strength.
The upmarket cinema chain Everyman saw increased revenues and ticket sales in the first half of 2026, as popular movies boosted box office revenue.
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The Ludlow Food Festival will be held at Ludlow Castle from September 11 to 13, featuring over 100 food and drink exhibitors, plus workshops and entertainment. Organizers said rising costs and economic pressures make the festival’s future uncertain unless more visitors attend to support it.
Key Facts
The festival is in its 32nd year and takes place at Ludlow Castle.
Over 100 food and drink exhibitors will participate in the event.
Rising costs and economic challenges threaten the festival’s current format.
The organizing group is mostly volunteer-run and operates as a not-for-profit.
The festival faced financial difficulties during the pandemic and moved online in 2020.
Organizers need more visitors to keep the event going after this year.
New features this year include a food theatre, cooking classes, workshops for children, and live music.
The festival supports local producers and benefits the wider local economy by attracting visitors.
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