The article explains that focusing on people's skills instead of their wages is important for helping both workers and the economy do well. It suggests that knowing what skills people have and can use will lead to better success for learners and the workforce.
Key Facts
Skills refer to what people know and can do in their jobs.
Wages are the amount of money people earn for working.
Measuring skills can give a clearer idea of a worker’s abilities than just looking at wages.
Understanding skills helps match workers with the right jobs.
Focusing on skills supports economic growth and workforce success.
Education and training should target skill development.
Skill-based assessment can improve job opportunities for learners.
Read the Original
Want the full story? Tap a source to open the original
article.
Merck announced that the FDA approved a new daily pill called Lipfendra to help lower bad cholesterol (LDL). This pill is an alternative to statins and can be taken alone or with statins, with fewer side effects reported.
Key Facts
Lipfendra is a pill version of a PCSK9 inhibitor drug that lowers LDL cholesterol.
Statins have been the main treatment for high cholesterol but can cause muscle aches and may not lower LDL enough.
About 70% of patients do not reach their recommended LDL cholesterol goals with current treatments.
The new pill showed minimal side effects in clinical trials, similar to a placebo.
The American College of Cardiology and American Heart Association recommend LDL levels below 100 mg/dL for most people.
Lipfendra was previously available only as an injection, but the pill form is expected to increase its use.
Merck plans to price the pill at $10.50 per day or over $300 per month, with hopes that patients pay less out-of-pocket.
High LDL cholesterol contributes to heart disease, which is the leading cause of death in the US.
Read the Original
Want the full story? Tap a source to open the original
article.
Foreclosures in the U.S. rose by 21% in the first half of 2026 compared to last year, showing more homeowners are facing money problems. Some states like Idaho, Colorado, and Georgia saw the biggest increases, while Florida had the most foreclosures overall.
Key Facts
There were nearly 228,000 foreclosure filings from January to June 2026.
Foreclosure filings increased 21% from 2025 and 28% from 2024.
Foreclosures happen when homeowners miss mortgage payments, often due to job loss or other financial troubles.
Idaho saw a 59% increase in foreclosures; Colorado 57%; Georgia 52%.
Florida had the highest rate of foreclosures, with one in every 2,106 homes affected in June.
Foreclosure rates are returning to the levels seen before the pandemic in 2019.
Short sales, where homes sell for less than what is owed to avoid foreclosure, rose 16% in early 2026.
Rising foreclosures and short sales indicate increasing financial pressure on homeowners.
Read the Original
Want the full story? Tap a source to open the original
article.
Uber agreed to buy Delivery Hero, a German food delivery company, in a deal worth nearly $15 billion. This purchase will make Uber the largest food delivery company outside of China and expand its services to many more countries.
Key Facts
Uber is buying Delivery Hero for about $15 billion.
Delivery Hero is based in Germany and offers food delivery services.
The deal will create the biggest food delivery group outside of China.
Uber's CEO is Dara Khosrowshahi.
After the acquisition, Uber will operate in twice as many markets for both mobility (rides) and delivery.
The combined company aims to offer more delivery options in more places.
The transaction will increase Uber’s reach in the global food delivery market.
This move signals Uber’s focus on growing its delivery services alongside ride-hailing.
Read the Original
Want the full story? Tap a source to open the original
article.
A $5,000 deposit in a no-penalty certificate of deposit (CD) can earn significantly more interest than a traditional savings account. No-penalty CDs allow you to withdraw money early without a fee while still earning higher fixed interest rates over different terms.
Key Facts
No-penalty CDs pay higher interest rates than typical savings accounts.
A 6-month no-penalty CD at 4.10% interest can earn about $101 on $5,000.
A 1-year no-penalty CD at 4.11% interest can earn about $205.50 on $5,000.
Longer CD terms, like 5 or 10 years, offer higher returns—up to $2,617 on $5,000 at 4.30%.
Traditional savings accounts earn around 0.38% interest, which would pay about $19 on $5,000 for a year.
No-penalty CDs let savers access their money early without losing interest, unlike traditional CDs.
Higher interest rates on no-penalty CDs mean potentially hundreds or thousands of dollars more in earnings compared to savings accounts.
The no-penalty feature provides flexibility similar to savings accounts but with much better returns.
Read the Original
Want the full story? Tap a source to open the original
article.
Taiwan Semiconductor Manufacturing Company (TSMC) announced it will invest an additional $100 billion in the United States to build more factories for making computer chips. The new facilities will be located in Arizona to meet growing demand from its U.S. customers.
Key Facts
TSMC is a company from Taiwan that makes semiconductor chips.
The company plans to spend $100 billion more in the U.S. for new factories.
The factories will focus on semiconductor and advanced packaging production.
All new plants will be built in Arizona.
The investment aims to meet strong demand from major U.S. customers.
The announcement was made on a Thursday by TSMC’s CEO, C.C. Wei.
TSMC is one of the world’s largest chipmakers.
This move supports expanding U.S. chip manufacturing capacity.
Read the Original
Want the full story? Tap a source to open the original
article.
Heroes & Villains, a lifestyle brand focused on pop culture collectibles, will feature an immersive booth at San Diego Comic-Con 2026 inspired by the upcoming Marvel movie Avengers: Doomsday. The brand is known for creating quality merchandise that tells stories and appeals to dedicated fans who appreciate detailed and meaningful designs.
Key Facts
Heroes & Villains is a pop culture merchandise brand operated by Bioworld Merchandising.
The brand will present a special booth at San Diego Comic-Con in 2026 based on the Avengers: Doomsday movie.
The booth design includes elements from the X-Mansion seen in the movie trailer.
Doug Johnson, the brand’s creative director, credits Comic-Con as the place where the brand found its direction.
The brand aims to create everyday wearable items with high quality that reflect deep knowledge of the characters and stories.
Heroes & Villains has worked with major franchises like Star Wars, Marvel, DC Comics, and Dungeons & Dragons.
Their previous Comic-Con setups included immersive experiences featuring Marvel’s Xavier Institute and Weapon X with interactive elements.
Marvel recognized Heroes & Villains for their ability to create merchandise that connects emotionally with fans through experiences.
Read the Original
Want the full story? Tap a source to open the original
article.
Creditors decide whether to accept a debt settlement offer by weighing the benefits of the offer against the chances and costs of collecting the full amount. They consider factors like how late the payments are, the borrower's financial situation, and the amount offered to make their decision.
Key Facts
Debt settlement means offering a creditor less than what you owe to settle the debt.
Creditors usually do not accept settlements if borrowers are current or newly late on payments.
The longer a debt goes unpaid, the more likely creditors are to accept a reduced lump-sum payment.
Creditors want proof of real financial hardship, such as job loss or medical bills, before agreeing to settle.
They compare the settlement offer to what they might get from collections or legal actions.
Settlements offering immediate cash are more attractive because they avoid future collection costs.
Collection efforts can be costly and may not recover the full debt, influencing the creditor's decision.
Each creditor has its own policies but uses similar factors to evaluate offers.
Read the Original
Want the full story? Tap a source to open the original
article.
A shareholder has filed a lawsuit to stop Paramount’s large deal to buy Warner Bros. Discovery. The lawsuit claims some people inside Paramount may be breaking rules to benefit themselves financially.
Key Facts
A press freedom group filed the lawsuit in Delaware court.
The lawsuit was filed on behalf of Paramount shareholder Paul Robbins.
The lawsuit aims to stop Paramount from completing its deal to acquire Warner Bros. Discovery.
Warner Bros. Discovery owns CNN, a cable news channel.
The lawsuit alleges that some Paramount insiders are not acting in the company’s best interest.
The claim focuses on breaches of fiduciary duties, meaning these insiders may have failed to act responsibly with company funds or decisions.
The deal involves billions of dollars and is a major business transaction.
Read the Original
Want the full story? Tap a source to open the original
article.
CBS Mornings is offering special discounts on different products to help improve daily life. People can visit cbsdeals.com to find and buy these items with exclusive deals.
Key Facts
CBS Mornings presents exclusive deals on various products.
The deals aim to improve everyday lifestyle.
Customers can visit cbsdeals.com to access these discounts.
Purchases made through this site help CBS earn commissions.
The promotion is part of the CBS News app and website offerings.
Read the Original
Want the full story? Tap a source to open the original
article.
Janice Cart from Tiny Spoon Chef demonstrates how to make a light chicken salad using pickle brine for flavor. This recipe is presented as a fresh option for summer meals in the CBS News series "The Dish: Recipe."
Key Facts
The recipe uses chicken that is soaked in pickle brine, which adds flavor and tenderness.
Janice Cart is the chef sharing the recipe from Tiny Spoon Chef.
The dish is described as a light and refreshing choice for summer.
The recipe is featured in the CBS News series called "The Dish: Recipe."
Viewers can watch the cooking demonstration through CBS News platforms.
Using pickle brine in cooking is a technique to enhance taste and texture.
Read the Original
Want the full story? Tap a source to open the original
article.
When a person being sued for unpaid debt dies, the lawsuit does not end right away. Instead, the case usually pauses while the court assigns someone to handle the deceased person’s estate, which may then be responsible for the debt.
Key Facts
A debt lawsuit is paused after the defendant dies, but does not stop automatically.
The person in charge of the deceased’s estate may replace the deceased in court and handle the lawsuit.
The estate’s assets are used to pay valid debts before any inheritance is given to family members.
If the estate lacks enough money, creditors get paid in a specific order based on state laws, and some debts might remain unpaid.
Family members usually do not have to repay the deceased’s debts themselves.
Exceptions include surviving spouses in some states and anyone who co-signed on the debt; they may still owe money.
Debt collectors must follow rules, such as only contacting legal representatives and not harassing family members.
The process can be complex during estate settlement and may require legal or financial guidance.
Read the Original
Want the full story? Tap a source to open the original
article.
The number of people applying for U.S. unemployment benefits dropped last week to 208,000, the lowest in 10 weeks. This shows that layoffs remain low and the U.S. job market is still strong.
Key Facts
Unemployment benefit claims fell by 8,000 to 208,000 for the week ending July 11.
This number was lower than experts' forecast of 219,000 claims.
Weekly claims are used to estimate the level of layoffs in the job market.
The four-week average of claims decreased by 4,750 to 214,250, smoothing out weekly changes.
Total ongoing claims for the week ending July 4 dropped by 16,000 to 1.81 million.
The data comes from the U.S. Labor Department.
Low unemployment claims suggest that U.S. layoffs remain at historically low levels.
These figures act as a near real-time indicator of the health of the U.S. job market.
Read the Original
Want the full story? Tap a source to open the original
article.
Gas and diesel prices in the US have risen again, with diesel now over $5 a gallon and gas close to $4. This increase is linked to rising tensions between the US and Iran over control of the Strait of Hormuz, a key shipping route.
Key Facts
The average price of diesel fuel in the US is over $5 per gallon.
The average price of gasoline is nearly $4 per gallon.
Prices are back near levels seen before the June agreement between the US and Iran.
A year ago, diesel cost about $3.72 per gallon, much lower than today’s price.
Iran declared the Strait of Hormuz closed, while the US claimed it guarantees safe passage.
The US imposed a blockade on ships going to or from Iranian ports.
President Trump briefly announced charging a 20% fee on cargo through the Strait but later dropped the plan.
Oil prices are around $81 a barrel, influenced by political uncertainty and market rumors.
Read the Original
Want the full story? Tap a source to open the original
article.
In the U.S., some cities have more home sellers than buyers, giving buyers an advantage to negotiate prices. Cities like Miami, Nashville, and Houston have the most sellers compared to buyers, making it easier for buyers to find deals despite high mortgage rates and rising home prices.
Key Facts
Miami had nearly 140% more home sellers than buyers in June, the highest in the U.S.
Nationally, there were about 48.5% more home sellers than buyers in June, marking a buyer’s market.
A buyer’s market means there are at least 10% more sellers than buyers.
Around 70% of U.S. housing markets (33 of 47 metro areas) are currently buyer’s markets.
Many top buyer’s markets, especially in Florida and Texas, saw a boom in home buying during the pandemic due to low mortgage rates and remote work.
The rise in housing supply in these areas outpaced demand as mortgage rates rose to about 6.5%, and some remote workers returned to offices.
This extra supply caused home prices to stop rising as fast, benefiting buyers in these cities.
Despite the buyer’s market, high borrowing costs keep many potential buyers from making purchases.
Read the Original
Want the full story? Tap a source to open the original
article.
Half of American adults under 30 are currently living with their parents. Experts discuss whether this is a long-term trend or a short-term effect of the current housing market and offer financial advice for young adults in this situation.
Key Facts
50% of young adults under age 30 live at home with their parents.
This situation may be influenced by today's housing market conditions.
Financial expert Jill Schlesinger suggests young adults should contribute money while living with their parents.
A financial advisor named Mark warns that focusing too much on reducing taxes can cause costly mistakes in investing.
Jill also gives advice on how friends with different incomes can fairly split expenses like dinners, vacations, and group activities.
Read the Original
Want the full story? Tap a source to open the original
article.
The UK's Competition and Markets Authority (CMA) is investigating Euro Car Parks over whether charging drivers who queue at petrol stations is fair. The CMA is also looking into the company’s appeals process to see if it breaks consumer protection laws.
Key Facts
Euro Car Parks is one of the largest private parking companies in the UK, managing over 3,000 locations.
The CMA is checking if it is fair to charge drivers parking fees while waiting for petrol pumps or using related services.
The investigation will also review if Euro Car Parks’ appeals process treats customers fairly.
The CMA is concerned some parking operators add extra fees beyond the parking charges.
There have been complaints about unclear signs, faulty apps, and broken ticket machines at private parking sites.
The CMA’s research shows parking tickets issued at places like gyms and supermarkets more than doubled over six years to 14.4 million.
The investigation is ongoing and expected to last until spring 2027.
The CMA has warned the parking sector to follow consumer laws or face action.
Read the Original
Want the full story? Tap a source to open the original
article.
The United States will impose a 25 percent tariff on certain Brazilian imports starting July 22 after finding Brazil engaged in unfair trade practices. The decision follows a yearlong investigation under a U.S. law aimed at addressing trade issues. Brazilian President Luiz Inácio Lula da Silva criticized the tariffs, calling them politically motivated.
Key Facts
The U.S. will start a 25 percent tariff on some goods from Brazil on July 22, 2026.
This action comes after a one-year investigation under the Trade Act of 1974.
The investigation concluded that Brazil used unfair trade practices.
Brazilian President Luiz Inácio Lula da Silva condemned the tariffs and said they were politically driven.
Lula suggested the tariffs favor his political rival, Flavio Bolsonaro, in upcoming elections.
The tariffs focus on specific Brazilian products, though the article does not list them.
The U.S. uses tariffs as a tool to protect its industries from unfair foreign competition.
This trade dispute is part of ongoing tensions between the U.S. and Brazil.
Read the Original
Want the full story? Tap a source to open the original
article.
Erin Shuford, a furniture restorer from Florida, found a valuable Broyhill Brasilia bedroom set at a thrift shop for $115. After spending about 50 to 60 hours restoring it, she sold the set for $9,000 on Facebook Marketplace within a day.
Key Facts
Erin Shuford has been restoring and flipping furniture full-time for over five years.
Broyhill Brasilia is a mid-century modern furniture line introduced in 1962, inspired by Brazilian architecture.
The furniture line is rare and highly collectible, with full sets valued between $7,000 and $10,000 or more.
Shuford’s friend spotted the set and contacted her about the find at a thrift store.
The bedroom set was priced at just $115 at the thrift shop.
Shuford used professional finishing products and a detailed restoration process to refinish the furniture.
She sold the restored set for $9,000 in less than 24 hours on Facebook Marketplace.
Shuford considers this her best find and finds satisfaction in selling it to someone who appreciates it.
Read the Original
Want the full story? Tap a source to open the original
article.
Taiwan's chipmaker TSMC plans to invest an extra $100 billion in building new factories in Arizona, increasing its total US investment to $265 billion. This expansion is expected to create tens of thousands of jobs and support the US semiconductor industry.
Key Facts
TSMC is a leading maker of advanced semiconductor chips for companies like Nvidia and Apple.
The new $100 billion investment will likely fund four new plants in Arizona.
This raises TSMC’s total US investment commitment to $265 billion.
TSMC’s profit for the April to June quarter rose 77%, reaching $22 billion.
Demand for chips has increased because they power AI centers and smart devices.
The US government supports this investment to boost domestic semiconductor production and reduce supply chain risks.
President Donald Trump has promoted domestic chip manufacturing and influenced TSMC’s decision through trade deals and tariff threats.
Commerce Secretary Howard Lutnick said the investment will create many high-paying American jobs.
Read the Original
Want the full story? Tap a source to open the original
article.
