The San Diego Padres baseball team is close to being sold to billionaire José E. Feliciano and his wife, Kwanza Jones, for about $3.9 billion. This would make the Padres the most expensive Major League Baseball (MLB) team ever sold, surpassing the previous record of $2.4 billion for the New York Mets.
Key Facts
The Padres are currently second in MLB standings, just behind the Los Angeles Dodgers.
The sale price of $3.9 billion is the highest ever for an MLB team.
José E. Feliciano and Kwanza Jones are the prospective buyers.
The sale still needs approval from 75% of MLB team owners to be completed.
Previously, Steve Cohen bought the New York Mets in 2020 for $2.4 billion.
Todd Boehly and Clearlake Capital Group, which include Feliciano, bought English soccer team Chelsea F.C. for $5.3 billion in 2022.
The Padres have shown strong performance in the current season, with a winning streak and an impressive record.
The team has made large investments in players with expensive contracts to aim for their first World Series title.
Read the Original
Want the full story? Tap a source to open the original
article.
Fans attending World Cup matches at MetLife Stadium in New Jersey will pay $150 for a round-trip train fare, much higher than the usual $12.90 fare. New Jersey officials say the price helps cover the high cost of transportation during the tournament, while other host cities are keeping fares low or unchanged.
Key Facts
Round-trip train fare from New York City to MetLife Stadium will be $150 for each World Cup match.
The usual fare for this 14 km (9-mile) trip is about $12.90.
About 40,000 fans per match are expected to use mass transit to reach MetLife Stadium.
NJ Transit estimates transportation costs of $62 million for the tournament but received only $14 million in outside funding.
New Jersey Governor Mikie Sherrill said the increased fare helps avoid passes the cost to state taxpayers.
FIFA said fan transport should be free and expressed surprise at New Jersey’s fare hike.
Other host cities like Los Angeles, Philadelphia, and Houston plan to keep fares the same or low.
Boston and New England will have higher fares for transit to Gillette Stadium, with round-trips costing up to $95.
Read the Original
Want the full story? Tap a source to open the original
article.
Alec Baldwin will face a civil trial over claims that he was careless when he fired a gun on the set of the movie "Rust," which led to the death of the film’s cinematographer. A crew member who worked on the set has sued Baldwin and the production company, saying he experienced emotional harm because of the shooting.
Key Facts
Alec Baldwin is being sued in a civil court for alleged negligence in a 2021 shooting on the "Rust" movie set.
The shooting resulted in the death of the film’s cinematographer.
Serge Svetnoy, a lighting technician (called a gaffer), filed the complaint.
Svetnoy claims he suffered emotional distress due to the fatal shooting incident.
The case involves both Baldwin and Rust Movie Productions.
A judge decided that Baldwin should face the civil trial.
The incident happened in New Mexico.
This legal case is separate from any criminal charges.
Read the Original
Want the full story? Tap a source to open the original
article.
NJ Transit has announced train tickets priced at $150 for travel to MetLife Stadium during the World Cup. The agency stated that it is not aiming to make a profit from these ticket sales despite the high price.
Key Facts
NJ Transit set train ticket prices at $150 for trips to MetLife Stadium during the World Cup event.
The pricing has raised public concerns and controversy in the New York-New Jersey region.
NJ Transit said the ticket prices are not designed to generate profit.
The World Cup event is expected to draw large crowds to MetLife Stadium.
NJ Transit is the main public transportation provider for the area.
High prices could affect how many people choose to use the train to get to the games.
Read the Original
Want the full story? Tap a source to open the original
article.
There are many used electric vehicles (EVs) available in the $20,000 to $25,000 price range across the U.S. This price range lets buyers choose newer models with better features compared to very cheap EVs, despite some earlier government tax credits for used EVs being removed.
Key Facts
The used clean vehicle tax credit was ended last year by the Trump administration.
EVs priced between $20,000 and $25,000 are mostly newer and offer more range than very cheap older models.
Around half of the used EVs in this price range are Tesla Model 3 and Model Y cars.
Hyundai electric models like the Ioniq 5, Kona, and Ioniq 6 are also commonly available in this price range.
The Ioniq 6 sedan did not sell well, so Hyundai is limiting imports of that model.
Chevrolet Bolt EVs are usually cheaper, but newer models like the Bolt EUV, Equinox EV, and Blazer EV can appear near $20,000–$25,000.
Some GM EVs lack popular smartphone integration features like Apple CarPlay and Android Auto, which could affect buyer choice.
The Honda Prologue shares parts with the Chevy Blazer EV but offers more interior features, including Apple CarPlay and Android Auto.
Read the Original
Want the full story? Tap a source to open the original
article.
Oil prices dropped sharply after Iran announced the Strait of Hormuz is fully open for commercial ships during a ceasefire between Israel and Lebanon. This led to lower gasoline prices in the U.S. and gains in the stock market, while President Trump indicated progress in peace talks with Iran.
Key Facts
Oil prices fell about 10% after Iran declared the Strait of Hormuz open for commercial vessels.
The U.S. oil benchmark, West Texas Intermediate, dropped to $84.36 per barrel.
Brent crude, the global oil price standard, fell to $90.05 per barrel.
U.S. gasoline prices decreased to an average of $4.08 per gallon.
Nearly 20 ships turned back to Iran following a U.S. blockade of Iranian ports and vessels, which remains in effect.
President Trump said a deal with Iran to end the war is nearly complete, including Iran suspending its nuclear program.
The stock market rose, with key indexes like the S&P 500 and Dow Jones up more than 1%.
A two-week ceasefire between the U.S. and Iran was agreed on April 8, with President Trump open to extending it.
Read the Original
Want the full story? Tap a source to open the original
article.
The UK government plans to increase a special tax on profits made by older low-carbon energy producers like nuclear and renewable power plants. This tax rise aims to help lower UK household energy bills while the government works on longer-term changes to how electricity prices are set.
Key Facts
Chancellor Rachel Reeves is preparing to raise the windfall tax on low-carbon electricity generators.
The tax targets extra profits from older renewable and nuclear plants due to high electricity prices.
Electricity prices have risen sharply because UK costs are linked to expensive gas power prices.
The government wants to protect consumers from high bills by changing how electricity costs relate to gas prices.
Plans include moving older low-carbon projects to contracts that guarantee fixed prices.
The current windfall tax rate is 45% on profits above £75 per megawatt-hour and runs until 2028.
The government is also considering reserving gas plants for emergency use to lower overall electricity costs.
Industry leaders were warned about upcoming discussions on these major changes.
Read the Original
Want the full story? Tap a source to open the original
article.
Air Canada will stop flying to New York's JFK airport from June 1 to October 25 due to high jet fuel prices caused by the conflict in Iran. The airline will still fly to New York’s other airports, LaGuardia and Newark Liberty, and will offer alternative options to affected passengers.
Key Facts
Air Canada will suspend flights to JFK airport between June 1 and October 25.
Flights to other New York airports (LaGuardia and Newark) will continue.
Jet fuel prices have risen from $2.50 to $4.32 per gallon because of the Iran conflict.
Higher fuel prices make some routes unprofitable, forcing airlines to change schedules.
Fuel and labor costs are the largest expenses for airlines.
Delta Air Lines expects fuel costs to add $2 billion to its expenses in the second quarter.
Other airlines are raising fees and reducing some route services due to fuel costs.
The International Energy Agency warns that jet fuel supplies in Europe are low amid a major energy crisis.
Read the Original
Want the full story? Tap a source to open the original
article.
Interest rates on certificates of deposit (CDs) have fallen compared to one year ago, so a $10,000 CD opened now will earn less interest by maturity than one opened in April 2025. However, rates remain around 4%, making CDs and high-yield savings accounts still attractive options for saving money, depending on your preferences for fixed or variable interest.
Key Facts
Interest rates on CDs peaked alongside high inflation and the Federal Reserve's high interest rates.
CD rates have dropped since last year, reducing potential earnings on a $10,000 deposit.
In April 2025, a 1-year CD at 4.40% would have earned $440 in interest; now, a 1-year CD at 4.10% would earn $410.
Rates for other CD terms (9 months to 3 years) have also decreased but remain near 4%.
CDs have fixed interest rates that do not change during the term, providing predictable returns.
High-yield savings accounts offer similar interest rates but have variable rates that can go up or down.
The Federal Reserve is unlikely to cut rates in 2026, so savings returns may remain steady.
Online banks often offer better rates on CDs and savings accounts than traditional banks with physical branches.
Read the Original
Want the full story? Tap a source to open the original
article.
At CinemaCon, Disney introduced InfinityVision, a new label for premium large movie screens that meet high standards for size, sound, and picture quality. This move aims to compete with other big-screen formats like Imax by assuring moviegoers a top-quality cinema experience, especially as theaters seek new ways to attract audiences.
Key Facts
InfinityVision is a certification for premium large-format (PLF) movie theaters, focusing on screen size, sound, and picture quality.
About 300 InfinityVision-certified screens exist worldwide, but no official list has been released yet.
Disney’s movie Avengers: Doomsday will open alongside the third Dune film, which will occupy many Imax screens, prompting Disney to promote InfinityVision as an alternative.
Cinemas use PLF formats to encourage people to watch movies at theaters instead of at home, often charging extra for this enhanced experience.
Multiple PLF options exist, such as Dolby, RPX, VistaVision, and now Barco’s HDR projectors, each with different features for brightness, contrast, and sound quality.
The Alamo Drafthouse theater chain is adopting the new HDR by Barco projectors, which offer high contrast, deep blacks, and bright images.
The variety of large-format options aims to give audiences multiple premium viewing choices in competitive markets.
Read the Original
Want the full story? Tap a source to open the original
article.
Disney plans to charge $10 million for a 30-second Super Bowl advertisement starting right away, a higher price than usual. This move is causing challenges because advertisers want to pay less, and Disney has not sold as many ad spots as other broadcasters did before their usual sales period.
Key Facts
In 2016, a 30-second Super Bowl ad cost over $5 million.
By 2023, some NBC ad spots reached over $10 million, but most sold for $7-8 million.
Disney will broadcast the Super Bowl in 2027 and wants $10 million per 30-second ad from the start.
Other broadcasters usually sell 40% to 60% of their Super Bowl ad space well before May.
Disney’s Super Bowl ad sales have been slower and less successful than expected.
Advertisers prefer to pay less than Disney's initial $10 million asking price.
NBC raised ad prices gradually, while Disney is trying to set the highest price immediately.
The price gap between Disney's demand and what advertisers want is causing issues in selling ads.
Read the Original
Want the full story? Tap a source to open the original
article.
Several U.S. states have rules that limit when and how antique and classic cars can be driven. New laws in Minnesota and California aim to clarify these limits, especially focusing on the cars' use as collectors' items and emissions exemptions.
Key Facts
Minnesota proposes House File 3865 to define and limit using antique cars only as collectors’ items.
California’s "Leno’s Law" would expand emissions test exemptions for older cars with collector insurance.
In California, antique cars with Historical Vehicle license plates are mostly allowed only in shows, tours, or special events, not daily driving.
Florida lets cars over 30 years old get "Antique" plates but restricts their use to exhibitions and occasional pleasure driving.
Texas registers vehicles over 25 years old as classic or antique and forbids their use for commuting or business.
New York exempts antique cars from regular safety inspections but restricts when they can be driven on public roads.
Georgia and Pennsylvania exempt antique cars from safety and emissions tests but limit their use primarily to events and exhibitions.
Insurance for antique cars often requires special plans that reflect the vehicle's value and restrict usage, including limits on annual miles driven.
Read the Original
Want the full story? Tap a source to open the original
article.
The Strait of Hormuz, a vital route for oil and gas, has reopened after being blocked by Iran. This reopening reduces the risk of energy supply problems and helps stabilize global markets and prices.
Key Facts
Iran blocked the Strait of Hormuz to pressure countries reliant on oil.
The U.S. responded by enforcing its own naval blockade against Iran.
Iran declared the strait open again after a ceasefire between Israel and Lebanon.
President Trump said the U.S. blockade on Iran will stay until a deal is complete.
Oil prices dropped about 14% after news of the reopening.
The S&P 500 stock market index rose 1.3% and hit a record high.
U.S. Treasury bond yields fell, suggesting expectations of lower inflation.
The reopening eases pressure on the Federal Reserve's monetary policy decisions.
Read the Original
Want the full story? Tap a source to open the original
article.
Many young adults in Generation Z are delaying marriage and choosing to buy homes on their own. Economic challenges like high home prices and mortgage rates are pushing them to prioritize owning a home over traditional steps like marriage.
Key Facts
Over half (53%) of Gen Z homebuyers, aged 18 to 26, buy homes alone.
This is more than double the rate of millennials buying solo at the same age.
Gen Z accounts for only 4% of all homebuyers due to many still starting their careers or unable to afford homes.
The median age for first-time homebuyers in the U.S. is now 40, higher than in the past.
Many Gen Zers delay milestones like marriage or career changes to focus on affording a home.
Rising home prices, low home inventory, and high mortgage rates make traditional life milestones harder to reach.
About 14% of young buyers use community or government help to pay down payments.
Experts say buying a home early can help build wealth even if it breaks from cultural norms.
Read the Original
Want the full story? Tap a source to open the original
article.
A US court found Live Nation Entertainment and Ticketmaster guilty of having a harmful monopoly over concert venues and charging too much for tickets since 2010. This has led to calls in Australia for the government and regulators to investigate and improve rules on ticket prices and transparency.
Key Facts
A New York jury ruled that Live Nation and Ticketmaster stifled competition and overcharged on concert tickets.
The court found an extra US$1.72 was charged for every ticket sold by Live Nation since 2010, adding up to US$595 million in 2025 alone.
Australian experts believe ticket fees in Australia may be even higher, possibly around A$10 per ticket.
The US decision has renewed calls for Australia’s competition regulator (ACCC) to investigate the ticketing industry.
A 2025 Australian report recommended stronger monitoring of music industry competition and clearer ticket fee rules.
Industry groups say Live Nation’s control hurts musicians, crew, and fans by keeping prices high and limiting competition.
Live Nation’s business model includes owning the promoter, venues, and ticket platforms, creating a monopoly.
The US case may force Live Nation to split up, which could affect how the company operates in Australia and open markets to competitors.
Read the Original
Want the full story? Tap a source to open the original
article.
Interest rates on home equity loans have dropped recently, making borrowing $100,000 more affordable for homeowners. For example, a 10-year loan now costs about $1,160 per month, which is roughly $85 less monthly than it was in early 2025.
Key Facts
Homeowners in the U.S. have over $10 trillion in available home equity to borrow against.
Current average interest rates for a home equity loan are around 6.97%, lower than earlier this year and in 2025.
Monthly payment for a $100,000 home equity loan over 10 years at 6.97% is about $1,160.
The same loan over 15 years costs about $897 per month at the current rate.
In January 2026, rates were around 8.1%, leading to monthly payments over $1,220 for 10 years.
Lower rates can save borrowers more than $1,000 each year and over $10,000 during the loan lifetime.
Interest rates offered depend on credit scores, so good credit is important to qualify for the best rates.
Borrowers should compare lenders to find the most affordable home equity loan options.
Read the Original
Want the full story? Tap a source to open the original
article.
This article explains how consumers can find out if they are on an energy price cap tariff. The price cap limits the amount energy companies can charge customers, helping people avoid very high bills.
Key Facts
An energy price cap sets a maximum price energy providers can charge per unit of energy.
The cap is designed to protect consumers from excessive energy costs.
Customers can check their energy tariff by reviewing their energy bills or contacting their supplier.
Being on a price cap tariff does not necessarily mean the cheapest deal, but it offers price protection.
The price cap is reviewed and adjusted regularly by a government regulator to reflect market changes.
Not all energy tariffs fall under the price cap—some fixed deals may be exempt.
The article aims to help people understand their energy bill and avoid overpaying.
Read the Original
Want the full story? Tap a source to open the original
article.
Emma Grede, a British entrepreneur linked to the Kardashian-Jenner brands, says working from home can hurt careers, especially for women. She believes being visible at work helps people get promotions and higher pay, despite the flexibility remote work offers.
Key Facts
Emma Grede helped build successful Kardashian-Jenner business brands like Good American.
She stated that work-from-home culture is "career suicide" because it reduces chances for promotions.
Grede believes women are disproportionately affected by remote work’s career risks.
She says face-to-face interaction with decision-makers is important for career growth.
Managers often do not clearly say that remote work may hurt advancement.
Grede first made similar comments on a podcast last year and faced online criticism.
Her views are shared in an interview linked to her new book about work and life.
The topic highlights ongoing debates about remote and hybrid work after the pandemic.
Read the Original
Want the full story? Tap a source to open the original
article.
Oil and gas prices dropped by nearly 10% after Iran announced it would open the Strait of Hormuz to commercial shipping during a 10-day ceasefire between Israel and Lebanon. Despite this, the US, led by President Donald Trump, said its naval blockade on Iran would continue until a formal deal is reached.
Key Facts
Iran said the Strait of Hormuz would be open to commercial ships during a 10-day ceasefire.
The Strait of Hormuz is a crucial passage for oil and gas shipments from the Middle East.
Brent crude oil prices fell by 9% to $90 per barrel following the announcement.
European gas prices also dropped about 8.5% on hopes for peace between the US and Iran.
The US maintains a naval blockade on Iran's use of the strait until a deal is made, according to President Trump.
Around 800 tankers, including 300 oil and gas ships, are currently stuck in the Gulf region.
Iran charges tankers about $2 million for safe passage through the strait, though it is unclear if this fee will continue.
The recent ceasefire and diplomatic progress raise hopes that oil and gas supplies could return to normal soon.
Read the Original
Want the full story? Tap a source to open the original
article.
Oil prices dropped more than 10% after Iran said the Strait of Hormuz is fully open for oil tankers to pass. At the same time, U.S. stock markets rose toward new records, helped by positive earnings reports from some companies.
Key Facts
The Strait of Hormuz reopening allows oil tankers to carry crude oil from the Persian Gulf again.
U.S. crude oil price fell 10.8% to $81.28 per barrel; Brent crude fell 10.3% to $89.13.
The S&P 500 index rose 0.8%, the Dow Jones increased 1.4%, and the Nasdaq went up 1%.
U.S. stocks have gained more than 11% since late March due to hopes the U.S. and Iran avoid worsening conflict.
President Donald Trump said the war should be ending soon.
Some U.S. companies, like State Street and Fifth Third Bancorp, reported better-than-expected profits.
Netflix’s stock dropped 11.5% despite good profits, because it did not raise its forecast for full-year revenue growth.
European stock markets rose strongly following the news, while some Asian markets closed lower before the announcement.
Treasury bond yields fell, reflecting lower inflation pressure from the drop in oil prices.
Read the Original
Want the full story? Tap a source to open the original
article.
