A judge approved a $425 million settlement in a lawsuit against Capital One. The case involves Capital One offering higher interest rates on a new savings account while paying lower rates on older accounts without clearly informing customers.
Key Facts
The settlement is for Capital One customers who had a 360 Savings account between September 18, 2019, and June 16, 2025.
Capital One introduced a new account called 360 Performance Savings in 2019 with higher interest rates than the older 360 Savings accounts.
The lawsuit claims Capital One did not clearly tell customers about the better rates on the newer account.
Customers do not need to file a claim to get payment from the settlement.
Payments will be based on how much extra interest each customer would have earned with the higher rate.
The total settlement money will cover legal and administrative costs before being shared among eligible customers.
Checks will be mailed to customers unless they chose electronic payment before March 30.
Payments are expected to be sent around July 21, unless there are legal appeals.
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In March, rent prices increased by 1.8% compared to the previous year, which is the slowest growth since 2020. At the same time, incomes have started to grow faster than rent for the first time in several years, according to Zillow.
Key Facts
Rent increased by 1.8% in March on an annual basis.
This is the slowest rent growth rate since 2020.
Incomes are now rising faster than rent prices.
The trend marks the first time in years that income growth has outpaced rent increases.
Zillow provided this information based on its data.
The slower rent growth may affect housing affordability.
The report compares rent and income changes year over year.
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Mortgage interest rates have recently dropped below 6% for 30-year loans after rising in March 2026. As of April 23, 2026, the average rates are around 6.12% for 30-year mortgages and 5.50% for 15-year mortgages, making it a potentially good time for buyers and homeowners to consider new loans or refinancing.
Key Facts
At the end of March 2026, the average 30-year mortgage rate was 6.37%, rising from 5.75% earlier that month.
By April 23, 2026, the average 30-year mortgage rate fell to 6.12%.
The average 15-year mortgage purchase rate on April 23, 2026, was 5.50%.
The average refinance rate for a 30-year mortgage was 6.47% on April 23, and 5.58% for 15-year refinances.
Shopping around and comparing lenders can often get borrowers rates about 0.5% lower than average.
Borrowers may want to lock in rates now to avoid future increases and gain budget certainty.
Closing costs can reduce refinance savings, so homeowners should consider if refinancing makes financial sense based on their plans.
Alternative loan terms, like 20-year refinances, might offer lower rates with quicker payoff options.
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New government rules in England aim to make school meals healthier by including more lentils, beans, and less fried food and desserts. However, caterers warn these changes could increase costs, reduce their income, and make it harder to keep running, especially with current high inflation and supply issues.
Key Facts
The government plans to update school meal standards for the first time in 13 years, focusing on healthier ingredients like lentils and more fruit in desserts.
Dessert options will have to be at least 50% fruit, and fried foods like battered fish and chicken nuggets will be banned by 2027.
Caterers say the new rules could make meals more expensive and cause some students to buy unhealthy food outside of school.
Lentils and pulses, part of the plan to replace some meat, are mostly imported, which might increase their price.
Food suppliers and caterers face challenges with supply chain issues and rising costs due to inflation and the war in the Middle East.
The government funds £1.5 billion annually for free meals, helping about 3.4 million children, which will grow as more families qualify.
Caterers operate with thin profit margins, ranging from about 2.8% to 4%, making it hard to absorb extra costs.
Rising wages, fuel costs, and inflation add extra pressure on catering services already struggling financially.
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Warner Bros. Discovery shareholders will vote on a proposed $81 billion takeover by Paramount, which would combine major studios and streaming services under one company. If approved, the deal still must pass government reviews before expected completion in the third quarter of this year.
Key Facts
Paramount wants to buy all of Warner Bros. Discovery, including HBO Max and CNN.
The deal is valued at nearly $111 billion when including Warner’s existing debt.
Shareholders will vote on the deal at 10 a.m. Eastern Time on Thursday.
The merger would combine two large Hollywood studios and their streaming services, Paramount+ and HBO Max.
The U.S. Department of Justice will review the merger for regulatory approval.
Warner Bros. initially preferred a lower $72 billion deal with Netflix, but Paramount’s higher offer prevailed.
Many actors, directors, and writers oppose the merger, citing concerns about job losses and fewer creative choices.
Some U.S. lawmakers, including Senator Cory Booker, worry about the concentration of power over entertainment and news.
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Cleveland Clinic is successfully using artificial intelligence (AI) in its healthcare operations, research, and patient care. The hospital system has grown financially and expanded internationally while adopting AI tools that improve efficiency and patient experience, standing out in a field where many organizations struggle to scale their AI projects.
Key Facts
Cleveland Clinic made $18.3 billion in revenue in 2025 with a 5% operating profit margin.
The Clinic operates 23 hospitals and about 300 outpatient sites, serving over 3.6 million patients last year.
It has expanded internationally with facilities in Ontario, Abu Dhabi, and London.
Most AI pilot projects fail to scale in businesses; 95% do so according to a 2025 MIT report.
Cleveland Clinic uses AI technology like ambient listening software that helps doctors record patient visits more efficiently.
The Clinic’s AI tools help identify sepsis, speed up revenue processing, and better manage operating room use.
Their AI successes come from applying corporate management skills to healthcare services.
Cleveland Clinic’s CEO, Dr. Tom Mihaljevic, will discuss the Clinic’s AI approach at a Harvard Business School webinar.
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Wolverhampton city council in the UK issued more than 42,000 taxi and private hire driver licences last year, including to over 150 people convicted of violent crimes. The council said it carefully reviews all applications and uses stricter background checks than other areas, but some experts and officials have raised concerns about safety and inconsistent licensing standards across the country.
Key Facts
Wolverhampton granted 438 taxi and private hire licences last year to people with criminal convictions.
Among these, 158 had violent crime convictions, 61 had drug-related convictions, 36 had drink offences, and 4 had sexual offence convictions.
The city council issued more than 42,000 driver licences from April 2023 to March 2024, more than six times the amount issued by Birmingham and Bradford.
96% of the licensed drivers under Wolverhampton’s licence live outside the city.
Wolverhampton council performs Disclosure and Barring Service (DBS) checks on all drivers, which is unique among councils.
The council’s licensing panel includes a trained decision maker and solicitor who assess each application thoroughly.
The UK government provides guidelines suggesting people convicted of sexual offences should not be licensed and people with violent offence convictions should have a 10-year gap after finishing their sentence before applying.
There are ongoing discussions in the UK government about improving and standardizing taxi licensing rules and limiting drivers working outside the area they are licensed in.
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For the first time, breast reduction surgeries and implant removals in the UK have outnumbered breast enlargement procedures. Experts say this change is linked to people wanting more comfort and being more active, along with fashion trends favoring tighter, sports-style clothing.
Key Facts
In 2025, there were 4,761 breast enlargement surgeries, down 8% from the previous year.
Breast reduction surgeries totaled 4,673, and implant removals were 847, both higher than enlargements.
The shift is connected to people choosing more natural body shapes that fit active lifestyles and athleisure clothing trends.
Facial cosmetic procedures like facelifts, eyelid surgery, and brow lifts increased; brow lifts rose by 27%.
Labiaplasty, a surgery to change the labia, increased by 6%, often due to discomfort during exercise or clothing fit.
Women made up 93.9% of cosmetic surgery patients in 2025, but overall procedures fell by 2% to 25,217.
Among men, eyelid surgeries became the most popular in 2025, surpassing nose jobs.
The trend shows people want more subtle cosmetic changes focused on lifestyle needs rather than dramatic looks.
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A former executive at Beast Industries, the company founded by YouTube creator MrBeast, has sued the company alleging pregnancy discrimination, sexual harassment, and wrongful firing. Beast Industries denies the claims, saying they are false and part of a restructuring that eliminated her position.
Key Facts
The lawsuit was filed on April 22 in federal court in North Carolina by Lorrayne Mavromatis, a former Beast Industries executive.
Mavromatis alleges she faced harassment, gender bias, and was fired shortly after returning from maternity leave.
Beast Industries says the complaint is false and includes evidence like internal messages to counter the allegations.
Mavromatis describes the company as a “boy’s club” with ignored complaints about harassment.
Allegations include violations of the Family and Medical Leave Act, wrongful discharge, and emotional distress.
Mavromatis also filed a complaint with the U.S. Equal Employment Opportunity Commission for discrimination and retaliation.
Beast Industries disputes the claims and shows Mavromatis received an employee handbook with leave policy details.
The former CEO, James Warren, and MrBeast founder Jimmy Donaldson are mentioned but Donaldson is not named as a defendant.
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A new community grocery shop opened in Woking, Surrey, to help people buy food at much lower prices. The shop charges a small yearly membership fee and offers groceries at discounted rates, aiming to support those struggling with the rising cost of living while letting them shop with dignity.
Key Facts
The Woking Community Grocery is based at Welcome Church and opened recently.
Members pay £5 per year to join and can buy food at heavily reduced prices.
The shop gets produce from organizations like the FareShare charity.
It combines features of a food bank and a supermarket to help people afford food long-term.
The shop aims to provide a normal shopping experience to maintain customers’ dignity.
Around 250 people signed up before the opening, with an expectation of over 1,000 families joining in the first year.
The store does not require proof of need (not means-tested), so anyone struggling can join.
The community grocery is part of a network of 35 similar stores across the UK.
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Lufthansa, a German airline company, plans to cut 20,000 short flights by October because the war involving Iran has made jet fuel more expensive and harder to get. The airline will focus on main airports and cancel less profitable routes to save fuel during this time.
Key Facts
Lufthansa will reduce 20,000 short-haul flights until October to save jet fuel.
The price of jet fuel has more than doubled in some markets due to the war involving Iran.
The conflict affects oil shipping through the Strait of Hormuz, a key waterway for global oil transport.
About 75% of Europe’s jet fuel imports come from the Middle East, making Europe vulnerable to supply issues.
Lufthansa has secured enough jet fuel for the next few weeks and is taking other steps to keep fuel supplies steady.
The global jet fuel price rose from $99 per barrel in February to $209 in early April.
Airlines are raising fees and charging extra for fuel due to higher costs, reducing travel options for passengers.
European officials warn jet fuel shortages could last for weeks or months and are causing significant economic losses.
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The Australian company Corporate Travel Management (CTM) admitted it overcharged the UK government by £118 million for services including asylum seeker accommodation. CTM is working to refund the money after an audit found billing errors and has made changes in its UK operations.
Key Facts
CTM overcharged the UK government by £118 million, up from an earlier estimate of £77.6 million.
The company discovered the overcharges during an audit and is negotiating repayments.
CTM provided hotel rooms during the pandemic and housing for asylum seekers, including running the Bibby Stockholm asylum barge.
The UK part of CTM’s business faced financial irregularities, leading to share suspension and leadership changes.
Former UK CEO Michael Healy was dismissed for breach of contract; founder Jamie Pherous retired.
A KPMG forensic investigation uncovered more overcharging and unreturned funds.
The UK Home Office is investigating the overspending and has already recovered over £70 million from related contracts.
CTM says the problems are limited to its UK business and has improved financial controls and procedures there.
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Rent prices are rising sharply in some of the most expensive U.S. cities due to high demand and limited housing supply. Cities like San Francisco, New York, Boston, and Honolulu face shortages that make renting difficult and costly for many people.
Key Facts
San Francisco has the highest average rent for a two-bedroom at $5,200 per month, with rent growing by nearly 16% over the past year.
New York City's two-bedroom rent averages $3,700 per month, with a 4.3% yearly increase.
Boston's rent for two bedrooms is about $3,400 monthly, rising 2.6% year-over-year amid low vacancy rates.
Honolulu has a high cost of living and limited land, which pushes rental prices up even more.
Housing shortages result from limited construction, high building costs, and competing demands like vacation rentals.
High-paying industries such as tech, finance, healthcare, and biotech attract renters to these cities, increasing demand.
Strict zoning laws and regulations constrain new housing developments in several cities.
Despite some national slowdowns, rental markets in these cities remain very competitive and expensive.
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Online fashion retailer Asos is asking the US government to refund £7 million in tariffs it paid in the first half of its financial year. This follows a US Supreme Court decision that ruled some tariffs imposed by President Trump were illegal, allowing many companies to seek refunds through a newly opened online system.
Key Facts
Asos is requesting £7 million back from US tariffs paid earlier this year.
The US Supreme Court ruled in February that certain tariffs imposed by President Trump were beyond his authority.
This ruling has led to a large refund program, potentially returning over $160 billion to about 330,000 importers.
The refund claims process started recently via an online portal, with thousands of companies applying.
Some users report the system works well, while others have encountered high traffic and errors.
US Customs expects to pay successful refund claims within 60 to 90 days, including any interest.
Asos reported a smaller loss this financial period compared to last year and continues efforts to improve its business.
The tariffs were connected to the International Emergency Economic Powers Act, which was the legal basis for the disputed charges.
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Shareholders of Warner Bros. Discovery will vote this Thursday on whether to accept a $110 billion offer from Paramount Skydance to buy the company. Many Hollywood workers oppose the deal, and Warner Bros. has previously rejected Paramount’s offer.
Key Facts
Warner Bros. Discovery shareholders will vote soon on Paramount Skydance’s $110 billion takeover bid.
Hollywood workers widely oppose the proposed acquisition.
Warner Bros. has previously rejected Paramount’s bid.
The vote will decide if the acquisition moves forward or not.
The deal is one of the largest planned mergers in the entertainment industry.
Paramount Skydance made a revised offer before shareholders were asked to vote.
The outcome could change the structure of the film and TV industry.
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A 1997 Kobe Bryant basketball trading card was sold to the alternative trading platform Alt for $3.15 million. This is the highest price ever paid for a single Kobe Bryant card.
Key Facts
The card is from 1997 and features Kobe Bryant.
It is called the Metal Universe Precious Metal Gems Green card.
Alt is an alternative trading platform that bought the card.
The purchase price was $3.15 million.
This sale set a record for the most money paid for a solo Kobe Bryant card.
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Health Secretary Robert F. Kennedy Jr. is pushing to reduce federal rules on peptides, which could boost companies offering these products. Peptides are popular for fitness and anti-aging, but there is little proof they work well in humans and some doctors warn about health risks.
Key Facts
Peptides are short chains of amino acids used by some people for injury healing, inflammation, and anti-aging.
The FDA will hold a meeting in July to consider allowing compounding pharmacies to produce certain peptides.
Currently, Biden administration policy bans compounding pharmacies from making these peptides.
Some peptides, like BPC-157 from human gastric juice, are promoted based on animal studies, but lack human trial evidence.
Supporters say peptides have high potential and could create a large market worth up to $180 billion in five years.
Telehealth companies like Hims & Hers could benefit, already preparing to produce and sell peptides.
Doctors warn peptides may increase cancer risks and have unknown effects when combined with other drugs.
There is debate over regulating peptides as supplements versus full drug approval processes.
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Sainsbury’s expects its profits to fall this year due to the impact of the war in the Middle East, which is raising costs and tightening customers’ budgets. The company reported a small profit increase last year but says future earnings are uncertain because of the conflict’s effects on the economy and consumer confidence.
Key Facts
Sainsbury’s annual profits rose 1.1% to £1.03 billion for the year ending 28 February.
The war in the Middle East is causing higher business costs and making customers spend less.
Sainsbury’s profit forecast for this year is between £975 million and £1.03 billion, showing uncertainty.
The supermarket aims to keep prices low to help customers despite rising costs.
The company uses more robots and launched an AI center to improve customer service and supply chains.
Sales increased 4.3% to nearly £30 billion, but Argos sales grew only 0.7% due to competition and pricing pressures.
Sainsbury’s plans to open 10 new supermarkets and 20 convenience stores this year.
WH Smith also lowered its profit outlook due to fewer travelers and lower spending linked to the conflict.
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The UK government borrowed nearly £20 billion less in the year ending March, with total borrowing at £132 billion. This was below predictions and the lowest borrowing relative to the economy since before the COVID-19 pandemic.
Key Facts
UK government borrowing was £132 billion in the year to March.
This amount is nearly £20 billion less than the previous year.
Borrowing was slightly below the forecast of £132.7 billion by the Office for Budget Responsibility.
Borrowing in March alone was £12.6 billion, £1.4 billion less than March the year before.
March borrowing was the lowest since 2022.
Borrowing fell to 4.3% of the UK's Gross Domestic Product (GDP), the lowest level since 2019-20.
Increased tax income helped reduce borrowing despite higher government spending.
The data come from the Office for National Statistics.
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The UK government borrowed £132 billion in the financial year ending in March, which was £700 million less than expected. However, the ongoing conflict in the Middle East may cause financial challenges and reduce the government’s planned budget surplus in the coming years.
Key Facts
The UK borrowed £132 billion from April 2023 to March 2024.
This borrowing was £700 million less than the forecast of £132.7 billion.
Borrowing dropped by nearly £20 billion compared to the previous year.
March 2024 borrowing was £12.6 billion, £1.4 billion less than the same month the year before.
Tax increases of £26 billion were introduced in November to reduce debt and cover spending.
A fiscal rule aims to have day-to-day spending fully paid by taxes by 2030.
The government’s financial buffer for 2030 increased to £23.6 billion earlier this year.
The Middle East conflict could reduce this buffer by £16 billion, affecting UK finances.
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