CBS Mornings is offering special deals on products that could help people improve their daily lives. Viewers can visit cbsdeals.com to find and buy these discounted items, with CBS earning commissions from sales through the site.
Key Facts
CBS Mornings features exclusive deals on various products.
These items are intended to improve everyday lifestyles.
The deals are available through the website cbsdeals.com.
CBS earns a commission when purchases are made via this site.
The promotions are part of the CBS Deals segment on CBS Mornings.
The deals update regularly and cover different types of products.
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The article explains how generative AI is changing how companies research and understand customers. It says businesses need continuous learning using real data to make better decisions and avoid costly mistakes with products and marketing.
Key Facts
Generative AI helps companies create more ideas and products faster.
Traditional market research is slow and often just confirms what leaders already think.
AI can make testing cheaper and faster, allowing companies to try multiple ideas early on.
Making the wrong product or marketing choice still costs a lot, even if creating is cheaper.
AI can spread wrong or biased customer information if based on poor data or questions.
Effective AI use requires ongoing testing, real customer data, and focusing on relevant behaviors.
A 2026 MIT study found that AI success depends on support for experimentation and learning, not just technology.
Companies that misuse AI risk losing money and producing products or services that don’t meet real customer needs.
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Ashe talks about her fourth album, “The Girl of Your Dreams,” and explains why her song “Stop The Wedding” was chosen as the first single. She also mentions working with producer Finneas and the theme of self-empathy in her music.
Key Facts
Ashe is a singer releasing her fourth solo album called “The Girl of Your Dreams.”
The first single from the album is titled “Stop The Wedding.”
Ashe discussed her new album and single in an interview with Anthony Mason.
She worked with Finneas, a well-known music producer, on the album.
Ashe shared that the album includes themes of self-understanding and kindness to herself.
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The International Monetary Fund (IMF) increased its forecast for global economic growth in 2026 to 3.1%. This improvement is due to the strength of richer countries' economies and investment in artificial intelligence, but poorer countries still face serious risks from ongoing crises.
Key Facts
The IMF raised the 2026 global growth forecast to 3.1%.
Advanced economies are showing resilience despite challenges.
Investment in artificial intelligence is helping economic growth.
Rising energy prices are linked to the ongoing US-Iran conflict.
Low-income countries remain vulnerable to these global issues.
The global economic outlook is uneven, with some regions faring better than others.
Energy price increases continue to affect many countries worldwide.
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The UK government’s new Your First Home (YFH) scheme for first-time buyers could raise Bellway’s house building by 10%. The scheme offers a government loan to help buyers with small deposits and limits income and house prices to focus support on modest homes.
Key Facts
Your First Home is a new government scheme aimed at first-time buyers in England.
It offers a loan for 20% of a new home’s price, with buyers needing only a 2.5% deposit.
The scheme limits who can apply by setting income and house price caps.
Bellway’s CEO says the scheme could boost their home building by 10%, possibly reaching 10,000 homes yearly.
Bellway expects lower home sales this year due to less demand and higher building costs.
Bellway’s revenue grew 13% to £3.16 billion for the year ending August 31, with profits before tax up 5.7%.
The scheme may help large builders like Bellway, Persimmon, and Taylor Wimpey, but not companies focused on expensive or affordable/social housing.
Full details of the scheme will be announced on October 28 by the Chancellor John Healey.
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The International Monetary Fund (IMF) says the UK economy is doing better than expected despite global challenges from the war in the Middle East. The UK is forecast to grow moderately in 2026 but may face slower growth and higher inflation in 2027 due to high energy prices and interest rate increases.
Key Facts
The IMF predicts the UK economy will grow by 1.3% in 2026, up from an earlier forecast of 1%.
The UK is handling the economic impact of the US-Israel and Iran conflict better than expected.
The UK is expected to have the lowest government borrowing among G7 countries by 2031.
Growth in the UK is projected to be the second fastest in the G7 group this year.
Inflation in the UK is forecast at 3.3% for this year and 2.8% for next year, higher than previous estimates.
Higher energy prices and interest rate hikes may reduce consumer spending and business investment next year.
The Bank of England is expected to raise interest rates at least once this year and possibly more in 2024.
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JPMorgan reported a rise in third-quarter profit but missed analysts’ expectations due to a slowdown in its fixed income trading division. CEO Jamie Dimon warned about ongoing economic challenges such as large government deficits, persistent inflation, high asset prices, and rising interest rates.
Key Facts
JPMorgan’s net income was $15.4 billion in the third quarter, below the expected $16.3 billion.
Revenue from JPMorgan’s fixed income division fell by 4% compared to the previous year.
Total trading revenue for JPMorgan in the quarter was $10.3 billion.
CEO Jamie Dimon highlighted ongoing risks like large U.S. fiscal deficits and persistent inflation.
JPMorgan shares dropped about 3% in pre-market trading after the earnings report.
Goldman Sachs reported better-than-expected earnings with net income of $5.3 billion, driven by a 72% increase in equities trading revenue.
Goldman Sachs’ fixed income, currency, and commodities trading earnings fell by 1%.
FCA’s CEO said new rules on bullying and harassment in financial services won’t fully change workplace culture without broader efforts.
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Artificial intelligence (AI) helps people complete work tasks more quickly. However, whether this time saved leads to better jobs or more training depends on what employers decide to do with that extra time.
Key Facts
AI speeds up the completion of work tasks.
Finishing tasks faster can create new opportunities at work.
These opportunities might be better jobs, learning chances, or more assignments.
The outcome depends on the decisions made by employers.
AI itself does not automatically improve job quality or create better roles.
How employers use the time saved by AI is crucial for work improvements.
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This news segment discusses whether spending a large amount of money on a college degree is still worth it. The hosts explain how to get good value from college and when the cost might be too high compared to the benefits.
Key Facts
College tuition can cost around $400,000 for four years.
The program talks about how to make the most of a college degree’s value.
It also covers situations when paying for college might not be worthwhile.
The discussion includes advice from hosts Jill and Mark.
A caller named Michael asks about affording a home renovation.
Other news topics mentioned include new AI models, President Trump’s Russia diesel deal, and various current events.
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Kroger plans to lay off 3,000 corporate workers over the next three years, which is about 37% of its corporate staff. The company aims to simplify operations, improve efficiency, and better focus resources on customers while integrating artificial intelligence (AI) into its business.
Key Facts
Kroger will cut 3,000 corporate jobs by 2027, the largest layoffs in its 143-year history.
These cuts represent 37% of Kroger’s 8,200 corporate employees.
CEO Greg Foran said the goal is to speed up decision-making and reduce unnecessary management layers.
Kroger is increasing the use of AI to improve customer service and worker productivity.
In 2023, Kroger also closed about 60 stores, around 5% of its total stores.
A planned $25 billion merger with Albertsons was blocked by regulators, causing legal disputes and financial pressure.
Kroger reduced its full-year sales forecast due to slower growth and challenges like inflation and lower government food benefits.
The company is focusing on cutting costs while continuing to invest in customer experience and employee support.
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The company owning Hobbs, Whistles, and Phase Eight said a cyber-attack hit its UK stores and websites, possibly exposing customer personal data. The company paused online orders and is investigating the incident while working with cybersecurity experts and UK authorities.
Key Facts
The South African-listed company TFG London owns Hobbs, Whistles, and Phase Eight brands.
The cyber-attack affected these three UK retail brands but not TFG’s Inside Story and White Stuff brands.
Some IT systems are still down, and online orders are paused as a safety measure.
The company is investigating if customer personal or sensitive data was accessed and will inform affected people if needed.
TFG’s operations outside the UK, like in Africa and Australia, use separate systems and were not impacted.
External cybersecurity specialists are helping to manage the situation, and the issue has been reported to UK authorities.
This attack happened shortly after a cyber-attack on another fashion retailer, Asos, that exposed millions of customers’ data.
Other major UK retailers, such as Marks & Spencer and the Co-op, have faced similar cyber incidents recently.
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Two American economists, Robert E. Hall and Michael Woodford, won the Nobel Prize in Economic Sciences for their research. Their work helps leaders and central banks better understand economic ups and downs and design policies to manage recessions and inflation.
Key Facts
Robert E. Hall (Stanford University) and Michael Woodford (Columbia University) won the Nobel Memorial Prize in Economic Sciences in 2026.
Their research focuses on stabilizing the economy during crises.
Their work aids policymakers and central banks in managing economic changes like recessions and inflation.
They studied how public expectations affect economic policy decisions.
The Nobel Prize prize money is about $1.2 million, split equally between them.
The prize is known as the Nobel Memorial Prize in Economic Sciences.
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Poundland, a retail chain with around 600 stores and 12,000 workers, is in talks to find a new buyer or complete a management buyout. The company is facing financial difficulties, and a union warns that without a successful deal, Poundland could enter administration, risking many jobs.
Key Facts
Poundland has about 600 stores across the UK and Ireland.
It employs 12,000 people.
The retailer has been struggling due to rising costs and competition.
Poundland was sold for £1 last summer by Pepco to US investment firm Gordon Brothers.
The current owners are looking for buyers, with management trying to buy the company themselves.
The management team is working with Irish property firm Martin Property Group on a buyout.
A union representing workers, Usdaw, warned that if the buyout fails, Poundland might go into administration (a form of bankruptcy protection).
Going into administration could put thousands of jobs at risk.
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Shares in semiconductor companies dropped after Broadcom’s CEO compared many AI investors to gamblers in a casino. The sell-off also followed news that Chinese chip maker CXMT has advanced new chip technology, raising concerns about competition in the memory chip market.
Key Facts
Semiconductor stocks fell sharply in Asian markets, including South Korea, Japan, and Taiwan.
Samsung Electronics shares fell 7.4%, SK Hynix dropped 10%, and Taiwan’s TSMC stock also declined.
Broadcom’s CEO said many AI investors do not understand their investments and likened their behavior to gambling.
Chinese company CXMT announced progress on new DRAM chip technology that could challenge major memory chip makers like Samsung and Micron.
AI-related stocks like Micron Technology, Nvidia, and AMD also declined on Tuesday.
The AI sector has seen large investments funded by debt, raising concerns about its financial stability.
Broadcom’s CEO noted that companies like OpenAI are still spending heavily and not yet profitable.
Increased competition and high expectations are causing uncertainty among investors in the chip industry.
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The International Monetary Fund (IMF) predicts the world’s economy will grow by 3.1% this year, slowing down due to global problems. The IMF warns that high inflation and rising stock prices in artificial intelligence (AI) could cause financial risks.
Key Facts
The IMF forecasts global economic growth of 3.1% for this year.
Growth is slower because of geopolitical disruptions around the world.
High inflation (rising prices for goods and services) remains a concern.
The IMF identifies AI stock prices as a possible threat to financial stability.
Russia has exported $320 billion in oil and gas to European countries since its invasion of Ukraine in 2022, despite sanctions.
The Dangote refinery has extended its initial public offering (IPO) deadline by two weeks to attract more small investors.
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The UK travel industry says that the high cost of living is making fewer people plan holidays abroad next year. Although holiday numbers this year returned to pre-pandemic levels, many expect a slowdown because more people want to spend less on travel.
Key Facts
The number of UK holidaymakers in 2023 matched the 2019 pre-pandemic level at 88%.
Domestic holidays in the UK reached a new high of 74%, and 62% took holidays abroad.
Nearly one in three people plan to spend less on overseas travel next year.
More travelers are booking holidays later and choosing shorter city breaks.
Confidence in travel dropped slightly but recovered after fears linked to the US-Israel war and jet fuel shortages eased.
Spain remains the top holiday destination for UK travelers, followed by Portugal.
The travel industry contributed £57 billion to the UK economy.
The industry is asking the government to lower aviation taxes and support sustainable aviation fuels to reduce costs.
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Mercedes-Benz has a special division focused on classic and used cars called Mercedes-Benz Heritage. This division restores and sells vintage cars, manages a large collection, and is growing its operations and facilities to serve both old and future classic models.
Key Facts
Mercedes-Benz Heritage handles classic car restoration and sales as a profit-making business.
The division is supported financially by Mercedes-Benz and also earns money from museum visitors and selling car parts.
Their facility in Fellbach, Germany, recently doubled in size to better service cars.
They maintain a collection of over 1,100 classic Mercedes-Benz cars.
Restoration includes a mix of traditional and modern techniques.
The upgraded facility can service current models like the S-Class for the future as they become classic cars.
Mercedes-Benz Heritage actively participates in global car events to increase visibility.
Some rare Mercedes classic cars have been auctioned for millions of dollars, showing high collector value.
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U.S. companies are making record profits, driven especially by big tech firms benefiting from advances in artificial intelligence (AI). While corporate earnings and profit margins have grown strongly, workers are receiving a smaller share of the country’s income, which may affect public attitudes about the economy.
Key Facts
Corporate profits in the U.S. reached record levels in the second quarter of 2025.
The S&P 500 companies are expected to report about 29% growth in earnings per share in the third quarter of 2025.
AI-related companies, such as Nvidia and Micron Technology, are responsible for a large part of the earnings increase.
Some companies reported huge gains from the rising value of their tech investments; Amazon estimated a $50 billion profit boost from its AI stake.
Corporate profit margins — the difference between earnings and costs — are among the highest ever recorded.
The share of national income going to workers in wages and benefits has dropped to near-record lows.
This decrease in wages compared to profits may be why many Americans feel uncertain about the economy despite corporate success.
Stock market benefits from these profits, but the growth is concentrated in a few big companies.
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The article explains how the U.S. government, under President Donald Trump, has taken ownership stakes in several companies, a move that echoes policies tried in Sweden during the 1970s and 1980s. Sweden’s experience showed that state ownership of companies often led to management problems, financial losses, and political conflicts, with little success in creating new industries.
Key Facts
President Donald Trump’s administration took or agreed to take shares in 34 companies, including about 10% of Intel.
Both supporters on the right (MAGA) and left (Democratic Socialists of America) in the U.S. support government ownership for supporting jobs and innovation.
Sweden created a state investment bank and a state holding company in the late 1960s and early 1970s to control many companies.
Swedish state ownership led to conflicts about whether to focus on profit or political goals, causing management and accountability problems.
Politicians became both regulators and owners, creating conflicts of interest.
The government used resources for unusual projects, like running a hamburger chain and trying to salvage a treasure shipwreck.
State ownership in Sweden ended up mostly rescuing failing industries instead of creating new ones.
Between 1976 and 1982, Sweden’s state-owned companies lost about $2 billion in today’s money, with shipyard bailouts costing about $17 billion.
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Grocery prices in the UK have increased by 2.5% compared to last year, leading shoppers to use special offers more to manage their costs. Spending on promotions rose by over £250 million, helping people afford pricier items amid rising inflation and high petrol prices.
Key Facts
UK grocery prices rose 2.5% in the four weeks to 4 October, up from 2.3% the month before.
Shoppers spent over £250 million more on special offers compared to last year.
More than half of shoppers are very worried about rising petrol prices, which affect household budgets.
Chocolate prices fell by 3% from last year, helping families during Halloween and the upcoming festive season.
About 1.2 million UK households bought pumpkins, a 10% increase from last year.
Lidl grew its market share to 8.6%, with sales up 7.1%, led by fruit, vegetables, and wine.
Ocado's sales rose 12.4%, higher than overall online grocery sales at 5.5%.
Tesco and Sainsbury’s hold 27.8% and 15.2% market shares, with small sales increases of 1% and 1.3%.
Aldi and Asda maintain market shares of 10.5% and 11.5%, with Aldi sales slightly up by 0.4%.
Marks & Spencer grocery sales increased by 14.9%.
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