Starting Monday, businesses that paid tariffs imposed by President Donald Trump without legal authority can begin claiming refunds through an online system run by U.S. Customs and Border Protection (CBP). The Supreme Court ruled these tariffs unconstitutional, and the refund process may eventually extend to consumers who paid higher prices due to the tariffs.
Key Facts
The refund system opens at 8 a.m. Monday for importers and their brokers.
The Supreme Court ruled on February 20 that President Trump lacked authority to impose these tariffs under the International Emergency Economic Powers Act.
Over 330,000 importers paid about $166 billion on tariffs for more than 53 million shipments.
Only certain imports qualify initially: those with estimated but not finalized tariffs or finalized tariffs within the past 80 days.
As of April 14, about 56,497 importers registered and qualified for refunds totaling $127 billion including interest.
CBP expects refunds to take 60-90 days to process once claims are approved.
The refund process may face delays due to technical and procedural issues.
Importers must carefully list all documents and values for their goods to avoid rejection of their refund claims.
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The article says that raising minimum wages too much can have costs. It suggests that helping families is better done by policies that encourage economic growth and create more jobs.
Key Facts
High minimum wages can lead to challenges over time.
The article emphasizes job creation as a solution.
Pro-growth policies are seen as helpful for struggling families.
The focus is on long-term economic benefits.
The article does not discuss specific wage levels or examples.
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Researchers at Washington State University’s Breadlab are developing new types of wheat. These new wheat varieties aim to be more nutritious, taste better, and handle climate change better than current types.
Key Facts
Modern wheat has become less nutritious and less flavorful over the past 100 years.
Current wheat strains are more vulnerable to climate change.
Breadlab is a research group at Washington State University.
Their goal is to breed whole grain wheat that helps farmers and consumers.
The new wheat varieties aim to have better taste and nutrition.
They also want the wheat to withstand challenges from a changing climate.
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Independent bookstores are growing again, with 422 new stores opening in 2025, a 31% increase from 2024. Many small businesses succeed despite competition from large chains and online retailers because they serve local communities and offer unique products.
Key Facts
The American Booksellers Association reports 422 new independent bookstores opened in 2025.
This number represents a 31% increase compared to 2024.
The United States has 360 million people spread across 4 million square miles, allowing room for diverse businesses.
Between 400,000 and 500,000 new business applications are filed monthly in the U.S.
Small businesses make up half of the country’s workforce.
Employees often stay with small businesses due to less bureaucracy and more flexibility.
Independent businesses tend to have stronger community connections, which build customer loyalty.
Small businesses provide products and services that big companies often do not, focusing on local needs and less common items.
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Opera singer Andrew Hiers worked as a car salesman in Cocoa, Florida. When he posted a video of himself singing about a car, his sales increased significantly.
Key Facts
Andrew Hiers is an opera singer and car salesman.
He works in Cocoa, Florida.
Hiers created a video where he sang to promote a car.
The video helped boost his car sales.
The story was reported by CBS News.
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George Nakashima was a famous woodworker known for his furniture designs in the 20th century. His daughter, Mira Nakashima, now leads the company he started and creates both his classic designs and her own new pieces.
Key Facts
George Nakashima lived from 1905 to 1990.
He was a major figure in American furniture design and craft.
He founded Nakashima Woodworkers, a furniture company.
Mira Nakashima, his daughter, currently runs the company.
Mira continues to produce furniture using her father’s designs.
She also creates her own original furniture pieces.
The company is known for blending art and craftsmanship in wood.
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The UK chancellor, Rachel Reeves, is holding a meeting with the leaders of the country’s five largest retail banks to discuss the economic effects of the conflict involving Iran. The focus is on helping people who may face higher mortgage costs due to rising inflation and energy prices caused by the Middle East crisis.
Key Facts
The meeting includes chief executives from HSBC, Barclays, Lloyds, NatWest, and Santander.
The discussion will focus on how to protect vulnerable borrowers facing mortgage rate increases.
Banks are expected to support 1.6 million customers whose fixed-rate mortgage deals end this year, as part of a government mortgage charter.
Rising energy prices are linked to Iran’s actions, including blocking the Strait of Hormuz and attacking neighboring oil producers.
The Bank of England warns that over 1 million UK households could see mortgage payments rise.
Banks have already removed about 1,500 mortgage products and increased rates on 7,000 home loans amid uncertainty.
The Bank forecasts that around 5.2 million borrowers may face higher mortgage costs by 2028.
This meeting occurs as banks prepare their year-end financial reports, which may include new forecasts for the UK economy.
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Vodafone set targets for its security staff to collect fines from its own franchisees, sometimes charging large penalties for small mistakes. This policy led to a court case in 2024 where former franchisees claim Vodafone unfairly gained up to £85 million through these fines.
Key Facts
Vodafone encouraged staff to increase fines on its franchise stores.
Some fines were as high as £10,000 for minor errors costing Vodafone just a few pounds.
The goal was to collect about £1.5 million annually in fines from franchisees.
Vodafone reimbursed £4.9 million in fines after admitting flaws in the process.
Internal rules increased penalties if a franchisee made repeated mistakes.
Large stores could be fined heavily even though they had more customers and sales.
Franchisees faced cuts in commissions, loss of stores, or termination after multiple fines.
The case is ongoing in a high court claim where 62 former franchisees seek compensation.
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Drivers for Uber and Lyft in the US are paying much more for fuel after a rise in oil prices linked to the US-Israel war on Iran. The companies have offered some discounts and rewards, but drivers say these do not cover the increased costs, forcing many to work longer hours or drive less.
Key Facts
Oil prices rose sharply after the US-Israel conflict involving Iran, pushing US fuel prices from about $3 to over $4 per gallon.
Uber and Lyft drivers must pay for their own fuel, car maintenance, and leasing costs because they are independent contractors.
Drivers report spending hundreds of extra dollars monthly on fuel, reducing their earnings despite working longer hours.
Some drivers say the companies’ discounts and reward programs on fuel are not helpful and sometimes more expensive in practice.
Drivers feel they are paid less per ride each year, requiring them to drive more to earn the same money.
Several drivers shared they are cutting back on driving or waiting longer without rides to avoid wasting gas.
Drivers are concerned that rising fuel costs make it harder to support themselves with rideshare jobs.
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The largest planned data center in the world, named after President Donald Trump and backed by his allies, is facing big delays and challenges. The CEO recently left, and the project struggles without a confirmed main tenant, which is needed to move forward, especially for key parts like the cooling systems.
Key Facts
The project is called the President Donald Trump Advanced Energy and Intelligence Campus, or Project Matador.
It is located in the Texas Panhandle and aims to be half the size of Manhattan.
The data center would demand three times the power of New York City, planning to generate 17 gigawatts from natural gas, nuclear, and solar energy.
The CEO, Toby Neugebarger, left suddenly amid growing issues with the project.
The project lacks a confirmed major tenant, often called an “anchor tenant,” who helps finalize details like cooling systems essential for the center.
A key tenant pulled out in December, leading to a class-action lawsuit from investors.
The first buildings are now expected to be ready about a year later than planned, around May 2027 instead of 2026.
The company’s stock has dropped 75% in six months after an initial public offering (IPO) last fall.
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Richard Tice, deputy leader of Reform UK, is reported to have failed to pay nearly £100,000 in corporation tax through companies linked to his investments. The money was then donated to Reform UK, and Tice has said he will correct any mistakes if needed.
Key Facts
Richard Tice allegedly did not pay about £100,000 in corporation tax between 2020 and 2022.
The unpaid tax was related to four shell companies connected to his investment business.
These companies funneled money to Tice’s parent company, which then donated over £1 million to Reform UK.
Tice said errors can happen in a long business career and said he will pay what is owed after review.
He accused the Sunday Times of trying to find minor issues and claimed the report was part of a smear campaign with the Labour party.
The Labour party criticized Tice and called the issue a major scandal.
Tice had previously asked others to resign over smaller tax errors.
Reform UK referred to Tice’s public statement when asked for comment.
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Many British people are choosing to take holidays in the UK this summer due to worries about possible flight cancellations linked to the war in Iran and rising jet fuel prices. Holiday companies in the UK report a big increase in bookings, while travel spending on airlines and abroad has dropped.
Key Facts
UK holiday companies say bookings for summer breaks are up by over 30% this year.
The conflict in Iran has raised concerns about jet fuel shortages, which may cause flight cancellations in Europe.
People are booking UK holidays closer to the time, with last-minute bookings roughly double the usual amount.
Many travelers prefer destinations reachable by car or public transport to avoid uncertainties in air travel.
Inflation and rising energy costs are causing some people to shorten their holidays or stay closer to home.
Spending on travel agents, airlines, and public transport fell in March compared to before.
Research shows 52% of Britons plan to holiday in the UK, while 49% plan to travel abroad.
Experts warn Europe has only about six weeks of jet fuel supply left, risking more flight cancellations soon.
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Carmakers in the UK need to quickly find £3 billion to pay victims of a motor finance scandal because they underestimated the cost of a government compensation plan. This plan will help drivers who were overcharged on car loans between 2007 and 2024.
Key Facts
The UK’s Financial Conduct Authority (FCA) created a £9.1 billion compensation plan for the motor finance scandal.
Carmakers’ finance divisions are responsible for £3.8 billion of the total compensation, but have only set aside £803 million.
Carmakers must raise about £3 billion more to cover their share of the payouts.
The compensation is for customers who were overcharged due to commission payments between lenders and car dealers.
Banks like Lloyds, Santander, and Barclays are responsible for 57% of the compensation and have already set aside £3.9 billion.
Mercedes-Benz has saved the most money for payouts among carmakers, followed by BMW, Renault, Ford, and Stellantis.
The compensation scheme includes about £7.5 billion for customers and £1.6 billion for administrative costs.
The FCA allows lenders and consumer groups to challenge the compensation plan until April 27, which may delay payments.
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"48 Hours" is a true crime TV show that airs on Saturday nights on CBS and streams on Paramount+. The show also provides full episodes and additional content on platforms like Pluto TV, YouTube, Netflix, and the CBS News app.
Key Facts
"48 Hours" airs Saturdays at 10 p.m. Eastern / 9 p.m. Central on CBS.
The show is available for streaming on Paramount+, Pluto TV, YouTube, Netflix, and CBSNews.com.
Viewers can watch episodes anytime on a free, advertiser-supported channel called the "48 Hours" FAST Channel.
The program features true crime stories with investigative reports by correspondents such as Natalie Morales, Peter Van Sant, Erin Moriarty, and others.
Upcoming and recent episodes include stories about missing persons, murders, and cold cases.
Some episodes have occasionally been delayed due to sports broadcasts like UFC and NCAA basketball.
"48 Hours" also offers related podcasts for listening.
The show is accessible on phones and connected TV devices via the CBS News app.
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The war involving the U.S. and Israel against Iran is causing global oil shortages, raising jet fuel prices and making flights more expensive or less available. Airlines worldwide have cut some routes and increased fees to cope with the rising fuel costs, and experts advise travelers to book flights early and avoid the cheapest ticket options to maintain flexibility.
Key Facts
The conflict with Iran is reducing global oil supplies, pushing jet fuel prices from $99 to $209 per barrel between February and April.
The International Energy Agency warned that Europe might run low on jet fuel within weeks, causing airlines to reduce flights.
Many airlines have increased fees for checked bags and added fuel surcharges due to higher fuel costs.
Air Canada is suspending flights to New York's JFK Airport from June to October to save on fuel expenses.
Airlines such as United, Delta, Air France-KLM, SAS, Philippine Airlines, and Cathay Pacific have cut routes and raised ticket prices.
Iran reversed its decision to reopen the Strait of Hormuz, maintaining uncertainty about oil flow and prices.
Experts recommend booking flights early, avoiding Basic Economy fares, and choosing refundable or more flexible tickets.
Normal fuel production and delivery might take months to return even if peace is achieved, keeping prices high for some time.
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More people are choosing less-known, affordable holiday spots in Europe for 2026. Countries like Montenegro and the Baltic states are growing in popularity as travelers look for authentic experiences and better value compared to traditional tourist destinations.
Key Facts
Many travelers want authentic trips instead of typical all-inclusive resorts.
About 40% of British vacationers plan to visit a country they have never been to before.
The war in the Middle East is causing some people to pick European destinations instead.
Montenegro is becoming popular due to its mix of beaches, cities, and outdoor activities.
Montenegro is cheaper than Croatia but offers a similar experience, according to a travel blogger.
Estonia, Finland, and Lithuania are gaining attention for their beaches, history, and easy travel connections.
Germany’s Rügen island attracts domestic tourists with natural beauty and traditional villages.
Some travelers now see the journey itself (like train trips) as part of their holiday experience.
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Allbirds, a shoe company that has faced difficulties, said it will stop making shoes and change into a company focused on artificial intelligence (AI). This is a major shift for the company as it moves from shoes to technology.
Key Facts
Allbirds is a shoe brand.
The company has been struggling recently.
Allbirds announced it will leave the shoe business.
It will become an artificial intelligence (AI) company.
This change means the company will focus on technology instead of shoes.
The announcement was reported by CBS News.
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WWE and ESPN have a close partnership, with ESPN personalities involved in WrestleMania 42. However, ESPN reporter Andreas Hale was denied credentials to cover the event, despite his previous work on WWE. This decision has caused controversy among fans and journalists.
Key Facts
WWE and ESPN formed a partnership last year and now work closely together.
Pat McAfee, an ESPN and WWE personality, will play a main role at WrestleMania 42.
Andreas Hale is an ESPN combat sports writer who covers WWE.
Hale was denied credentials to cover WrestleMania 42 in Las Vegas.
ESPN stopped allowing writers like Hale to give grades on WWE events after a "C" rating was given.
Hale’s credential denial has upset fans and reporters who support him.
An ESPN personality appears in the main event, yet a key ESPN journalist is blocked from press access.
This situation highlights tensions between media coverage and company partnerships in sports entertainment.
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A federal judge has stopped the $6.2 billion merger between Nexstar Media Group and Tegna until a lawsuit about competition rules is settled. The judge said the merger could lead to higher prices for viewers and fewer local news choices.
Key Facts
Nexstar and Tegna planned to merge their local TV stations in 44 states and Washington, D.C.
The merger was approved by the Federal Communications Commission (FCC) under President Donald Trump’s administration.
Eight state Attorneys General and DirecTV filed a lawsuit opposing the merger due to concerns over higher consumer costs and less local news coverage.
The judge ruled that Nexstar might use its power to raise fees for TV distributors like DirecTV, increasing bills for customers.
Nexstar has previously reduced local news options in markets where it owns more than one station.
The Department of Justice ended its antitrust review of the deal early, which the judge found unusual.
President Donald Trump publicly supported the merger in February during the review process.
The court’s preliminary injunction pauses the merger until the legal issues are fully addressed.
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A life jacket worn by Titanic survivor Laura Mabel Francatelli sold for £670,000 at an auction in Wiltshire, UK. This is the first time a Titanic life jacket has been sold at auction since the ship sank in 1912. Another item, a seat cushion from a Titanic lifeboat, sold for £390,000 and will be displayed in a Titanic museum in the US.
Key Facts
The life jacket belonged to Laura Mabel Francatelli, a first-class passenger who survived the Titanic disaster.
The jacket has 12 pockets, shoulder rests, side straps, and signatures from Francatelli and other survivors.
The jacket sold for much more than the estimated price of £250,000 to £350,000.
The auction took place at Henry Aldridge & Son in Devizes, Wiltshire.
A seat cushion from a Titanic lifeboat sold for £390,000 at the same auction.
The seat cushion buyer was the Titanic Museum Attraction in Tennessee and Missouri, USA.
Around 1,500 people died when the Titanic sank in the North Atlantic in 1912.
The auction coincided with the 114th anniversary of the Titanic sinking.
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