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Business news, market updates, and economic developments

Disney names Josh D'Amaro as new chief executive

Disney names Josh D'Amaro as new chief executive

Summary

Disney announced that Josh D'Amaro will be the new chief executive, replacing Bob Iger. D'Amaro, who has worked at Disney for 28 years and was in charge of its amusement parks, will start the role on March 18.

Key Facts

  • Disney named Josh D'Amaro as its new chief executive.
  • He previously led Disney's amusement park business.
  • Josh D'Amaro has been with Disney for 28 years.
  • Bob Iger, the current CEO, will be replaced by D'Amaro.
  • The transition will occur on March 18.
  • Disney has been focusing on a successful part of its business, amusement parks, while navigating the streaming industry.
  • Bob Iger has led Disney for around 20 years, except a brief break that ended in 2022.
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Car insurance rates are falling — but not everywhere

Car insurance rates are falling — but not everywhere

Summary

Car insurance rates have decreased by 6% on average in the U.S. from 2024 to 2025, with some states experiencing larger declines. Despite this decrease, certain areas like New Jersey and Washington, D.C., saw rate increases.

Key Facts

  • Car insurance premiums in the U.S. fell by 6% on average from 2024 to 2025.
  • The national average for full-coverage insurance is $2,144 per year.
  • States like Wyoming, Iowa, and Arkansas experienced significant decreases, with rates dropping by 30%, 25%, and 23% respectively.
  • Insurance costs had previously risen by 46% from 2022 to 2024.
  • This cost increase was partly linked to risky driving after the pandemic.
  • Some areas, including New Jersey and Washington, D.C., saw rates increase by 20% and 18% respectively.
  • Insurance companies are lowering rates to attract new customers.
  • The report forecasts a 1% rise in average premiums this year, with U.S. tariff policy affecting predictions.
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Modi, Trump announce India-US ‘trade deal’: What we know and what we don’t

Modi, Trump announce India-US ‘trade deal’: What we know and what we don’t

Summary

President Donald Trump announced a new trade agreement with India to reduce trade barriers, saying he will lower tariffs on Indian goods from 50% to 18% after India agreed to stop buying Russian oil. Indian Prime Minister Narendra Modi confirmed a tariff reduction but did not mention halting Russian oil purchases or buying more from the US. Details of this agreement remain uncertain, as India has not publicly confirmed all of Trump's claims.

Key Facts

  • President Trump announced a "trade deal" with Indian Prime Minister Narendra Modi to reduce tariffs between the US and India.
  • Trump plans to lower US tariffs on Indian goods from 50% to 18%.
  • Trump stated that India agreed to stop buying oil from Russia.
  • India has not publicly confirmed stopping Russian oil purchases or increasing US oil purchases.
  • Modi acknowledged the reduction of tariffs on Indian goods but did not mention any broader agreements.
  • Trump claimed India would eliminate tariffs on US goods and buy various American products, but this was not confirmed by Modi.
  • Analysts noted there is no signed agreement, and details remain unclear.
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Irn-Bru maker AG Barr buys two rival brands in £50m deal

Irn-Bru maker AG Barr buys two rival brands in £50m deal

Summary

AG Barr, the company famous for making Irn-Bru, has purchased two other drinks brands, Fentimans and Frobishers, for over £50 million. These acquisitions fit into the company's strategy to offer more non-alcoholic drink options as people are drinking less alcohol. AG Barr reported a strong financial year with increased sales, and aims to keep growing by expanding into these new drink categories.

Key Facts

  • AG Barr bought Fentimans for about £38 million and Frobishers for £13 million.
  • Fentimans is known for its botanical and fizzy soft drinks.
  • Frobishers is a juice business based in Devon.
  • The deals are part of AG Barr’s plan to focus on non-alcoholic beverages, which are becoming more popular.
  • AG Barr’s annual revenue grew to approximately £437 million, a 4% increase from the previous year.
  • Irn-Bru had some growth, while brands like Rubicon and Boost performed well for AG Barr.
  • The company was founded in Falkirk in 1875 and is now based in Cumbernauld.
  • AG Barr is expanding into new drink categories, such as plant-based milks and health shots.
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United Airlines Issues Check-In Warning To Passengers

United Airlines Issues Check-In Warning To Passengers

Summary

United Airlines announced it will shut down key online services for a few hours early on February 4, 2026, to upgrade its reservation system. During this time, people won't be able to book flights, check in, or view itineraries. United suggests travelers complete any pre-flight tasks before this planned outage.

Key Facts

  • United Airlines will conduct an online service outage for system upgrades on February 4, 2026.
  • The outage will last from 2:30 a.m. to 6:00 a.m. EDT (1:30 a.m. to 5:00 a.m. CST).
  • During these hours, online and mobile booking, check-in, and itinerary retrieval won't be available.
  • United has removed early morning departures on this day to ease the upgrade process.
  • The system update involves moving the main reservation system (Shares) to a new facility in Chicago.
  • Travelers are advised to complete check-ins, bookings, or trip changes before or after the outage.
  • United has rehearsed the data migration to minimize disruption.
  • The upgrade aims to improve the reliability of United's reservation system.
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One million people missed HMRC tax return deadline

One million people missed HMRC tax return deadline

Summary

Around one million people in the UK missed the deadline to file their tax returns, potentially leading to penalties. HM Revenue and Customs (HMRC) stated that about 11.5 million tax submissions were made, with some people filing just before the deadline. Late filers face an automatic fine and additional penalties if their taxes remain unpaid.

Key Facts

  • Approximately one million people in the UK missed the tax return deadline.
  • The deadline was for the 2024-25 tax returns.
  • HMRC reported that 27,456 people filed their returns in the final hour.
  • A total of about 11.5 million tax returns were submitted.
  • People who missed the deadline face a £100 penalty.
  • Additional penalties apply if the tax remains unpaid, including daily charges after three months.
  • Some people automatically have taxes deducted via PAYE and may not need to file.
  • HMRC will consider reasonable excuses to avoid penalties.
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Disney names parks head Josh D'Amaro to succeed Bob Iger as CEO

Disney names parks head Josh D'Amaro to succeed Bob Iger as CEO

Summary

Disney has chosen Josh D'Amaro, who currently oversees its parks and experiences, to become the new CEO. He succeeds Bob Iger, who returned in 2022 after his previous successor faced challenges. The decision comes during a time of both box-office success and challenges like a decline in foreign visitors to U.S. theme parks.

Key Facts

  • Josh D'Amaro will take over as Disney's CEO, replacing Bob Iger.
  • D'Amaro is currently in charge of Disney's theme parks, cruises, and resorts.
  • He has been with Disney since 1998 and led a major $60 billion investment in the company's physical attractions.
  • Bob Iger returned in 2022 after his previous replacement, Bob Chapek, faced difficulties.
  • Disney has been successful recently with movies like "Zootopia 2" and "Avatar: Fire and Ash."
  • The company faces challenges such as fewer international tourists to its U.S. parks.
  • President Trump’s immigration policies have contributed to the decline in foreign visitors.
  • Dana Walden, another top Disney executive, will take on a new role as chief creative officer.
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Southwest Airlines Brings Back Free Flights—Limited-Time

Southwest Airlines Brings Back Free Flights—Limited-Time

Summary

Southwest Airlines is offering a limited-time promotion for its Rapid Rewards members to earn a Companion Pass. This pass allows a member to bring one person with them on flights for free, except for taxes and fees. To qualify, members need to book specific flights within a set time frame.

Key Facts

  • Southwest Airlines is offering a promotional Companion Pass for free travel with a companion, excluding taxes and fees.
  • To qualify, members must register and purchase either one round trip or two one-way flights from February 2 to February 5, 2026.
  • Members need to fly by March 31, 2026, to get the free companion travel for flights between August 10 and October 7, 2026.
  • The Companion Pass lets members add a companion to unlimited flights if they buy their own ticket.
  • Qualifying for the regular Companion Pass usually requires 100 one-way qualifying flights or 135,000 qualifying points in a year.
  • Rapid Rewards points from certain partners may not count towards the Companion Pass.
  • Pass holders and their companions can board together under new rules starting January 27, 2026.
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McDonald's Unveils Valentine's Day Caviar Special

McDonald's Unveils Valentine's Day Caviar Special

Summary

McDonald's is introducing a special McNugget Caviar kit for Valentine's Day. The kits, which include caviar and a gift card, will be available online for free but in limited quantities starting February 10. This is part of McDonald's occasional luxury menu items.

Key Facts

  • McDonald's is offering a McNugget Caviar kit for Valentine's Day.
  • The kits include a 1-ounce tin of Baerii sturgeon caviar.
  • A $25 Arch Card is included for purchasing Chicken McNuggets.
  • The kits will be available only online starting February 10.
  • McDonald's teamed up with Paramount Caviar, a well-known caviar distributor, to create these kits.
  • The caviar kits are free but only available in limited quantities.
  • These kits will not be available in McDonald's stores or drive-thrus.
  • In the past, McDonald's offered a Lobster Roll in select locations as another luxury menu item.
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Gold and silver prices soared, then plummeted. What’s going on?

Gold and silver prices soared, then plummeted. What’s going on?

Summary

Gold and silver prices have seen major ups and downs recently. After reaching high prices over the last year, they suddenly dropped sharply before recovering slightly. Several factors, including economic uncertainty and actions by President Trump, have influenced these price changes.

Key Facts

  • Gold and silver prices reached record highs but then dropped sharply on a Friday and Monday.
  • Prices partially recovered on the following Tuesday, but stayed below their peak levels.
  • Gold and silver are considered "safe haven" assets during uncertain economic times.
  • President Trump's actions have contributed to market volatility, affecting precious metal prices.
  • Between Trump's latest inauguration and January 2026, gold prices nearly doubled, and silver prices increased almost four times.
  • The U.S. national debt is a factor contributing to financial uncertainty, reaching $38 trillion.
  • Central banks in countries like China and Turkiye are buying gold to reduce reliance on the U.S. dollar.
  • President Trump nominated Kevin Warsh for the Federal Reserve, calming investor fears about future interest rate decisions.
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Map Reveals Top 10 Home Sellers' Markets In US

Map Reveals Top 10 Home Sellers' Markets In US

Summary

A new analysis shows that ten cities in the U.S. are strong sellers' markets, meaning there are fewer houses for sale compared to demand. These cities include Grand Rapids, St. Louis, and Milwaukee. The analysis used a "months of supply" metric to determine how quickly homes are selling in each area.

Key Facts

  • Grand Rapids, St. Louis, and Milwaukee are among the top sellers' markets in the U.S.
  • The analysis found a shortage of homes for sale in these areas, creating competition among buyers.
  • Sellers' markets occur when there are fewer houses available compared to demand, giving sellers an advantage.
  • Realtor.com used the "months of supply" metric to rank these cities, which measures how long it would take to sell all available homes at the current pace.
  • Grand Rapids has a median listing price of $397,000 and 3 months of supply.
  • St. Louis has a median listing price of $284,950 and 3.1 months of supply.
  • Milwaukee shows a median listing price of $369,750 and 3.1 months of supply.
  • Real estate agents note that buyers must act quickly in these markets due to limited options and high competition.
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Starbucks Hits Major Milestone

Starbucks Hits Major Milestone

Summary

Starbucks announced that its cold to-go cups are now recyclable from home in over 60% of U.S. households. This change results from the "Widely Recyclable" label the cups received, thanks to collaboration with recycling organizations.

Key Facts

  • Starbucks' cold cups are now recyclable at home for more than 60% of U.S. households.
  • The cups received a "Widely Recyclable" label from the How2Recycle program.
  • How2Recycle is managed by the nonprofit GreenBlue and works with various brands to improve recycling instructions.
  • Starbucks collaborated with How2Recycle, the NextGen Consortium, The Recycling Partnership, and Waste Management.
  • Over the past four months, two million more households have gained access to recycling these cups.
  • This initiative aims to reduce landfill waste and improve recycling effectiveness.
  • The change is seen as a step forward for better recycling and waste reduction in the food packaging industry.
  • Starbucks plans to continue working on increasing recycling access across the U.S.
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Woman Shocked by 'Nightmare' Inquiry for Custom Cookie Business: 'Trust Your Gut'

Woman Shocked by 'Nightmare' Inquiry for Custom Cookie Business: 'Trust Your Gut'

Summary

A college student, who started a custom cookie business to help pay for school, refused a discounted order after the customer's demands increased. The initial order was for 48 cookies, with the price reduced multiple times, but the customer continued to ask for more changes without paying a deposit. Business experts note this situation is common and advise small business owners to know when to say no to unreasonable requests.

Key Facts

  • A college student runs a custom cookie business to support her education expenses.
  • She shared her experience on Reddit about a challenging customer request.
  • The customer wanted a discounted order of 48 custom cookies for an event.
  • The student dropped the price from $2 to $1.50 per cookie to help the customer.
  • The customer kept asking for more changes, including cookie size and taste tests.
  • The student decided to decline the order, advising the customer to find another baker.
  • Business experts suggest it is common for small businesses to refuse difficult orders.
  • Professionals recommend polite and clear communication when declining customer requests.
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Man Thrifts 1960s Gucci Loafers—Writing on Bottom of Box Changes Everything

Man Thrifts 1960s Gucci Loafers—Writing on Bottom of Box Changes Everything

Summary

A man named Justin Lemay from Quebec bought a vintage pair of Gucci loafers from a thrift store for about $35. He later found out that the shoes were likely made in Mexico in 1966. The discovery led him to explore a lesser-known part of Gucci's history when they licensed production in Mexico.

Key Facts

  • Justin Lemay found vintage Gucci loafers for $35 at a thrift store.
  • The shoes were in excellent condition, although one size too small for him.
  • Lemay noticed "Gucci, HECHO EN MEXICO 1966" written on the shoes.
  • He found that Gucci had once licensed Mexican companies to make their products.
  • The shoes were linked to a time when Gucci allowed manufacturing outside Italy due to demand in Mexican tourist areas.
  • Lemay shared his discovery online, gaining attention and validation from others.
  • The loafers are potentially worth around $350, and Lemay plans to sell them.
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Amtrak Urges World Cup Fans To Book Early

Amtrak Urges World Cup Fans To Book Early

Summary

Amtrak is urging customers to book train tickets early for the summer of 2026. They expect high demand because people will travel to World Cup matches in North America, including many U.S. cities. Amtrak is preparing extra services and measures to handle the increased number of passengers.

Key Facts

  • Amtrak expects high train travel demand in summer 2026 due to the FIFA World Cup.
  • Matches will be held in 11 U.S. cities, with additional games in Canada and Mexico.
  • Amtrak plans to increase services in U.S. host cities and in Toronto and Vancouver.
  • Extra measures include more maintenance staff, trained helpers called "Amtrak Ambassadors," and increased police patrols.
  • Amtrak will coordinate with U.S. government and transport organizations to handle the expected crowds.
  • Over 300 daily trains will run, and there will be improvements on the Northeast Corridor rail line.
  • New high-speed trains with more seats will be added to support the extra demand.
  • Amtrak urges travelers to book early, especially on popular routes.
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Man Pays for Window Seat on Plane—Not Ready for What’s ‘Not Included’

Man Pays for Window Seat on Plane—Not Ready for What’s ‘Not Included’

Summary

A man expressed frustration online after paying for a window seat on a Southwest Airlines flight, only to find there was no window. This situation is common on certain aircraft models, and other airlines have faced legal challenges for similar issues. Some passengers prefer windowless seats for sleeping, while others feel misled.

Key Facts

  • A man complained online about his Southwest window seat lacking a window.
  • The issue is common on 737 aircraft due to air conditioning ducts.
  • Specific seats on 737-800 and 737 Max planes are known to lack windows.
  • Passengers are advised to check seat maps before selecting seats.
  • Legal action has been taken against airlines for charging for window seats without windows.
  • United Airlines has faced a class-action lawsuit over this issue.
  • United now discloses the location of windowless seats after the lawsuit.
  • Some travelers prefer windowless seats as they find them more comfortable for sleeping.
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Cracker Barrel's Strict New Dining Rule Revealed in Leaked Memo: Reports

Cracker Barrel's Strict New Dining Rule Revealed in Leaked Memo: Reports

Summary

Cracker Barrel has introduced a policy for its employees to mainly eat at its own restaurants during business trips to save costs, according to a leaked memo. This move is part of broader efforts to cut travel expenses after a drop in sales. The company has not commented on how strictly this policy will be enforced.

Key Facts

  • Cracker Barrel wants employees to eat at its restaurants when traveling for work.
  • The policy is aimed at reducing company travel expenses.
  • Employees need special approval to get alcohol costs reimbursed.
  • The chain has faced declining sales and is looking to reduce spending.
  • There was backlash over a new logo, leading to a drop in share value.
  • The company has not confirmed how they will enforce the new dining rule.
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Fears over impact if free car parking removed

Fears over impact if free car parking removed

Summary

Some businesses and community groups in Cornwall are worried about a plan to start charging for parking at certain locations along the Camel Trail, a popular area for walking and cycling. They argue that parking fees might discourage people from visiting and harm local businesses. Cornwall Council is considering the fees to raise money for car park maintenance but has not made a final decision yet.

Key Facts

  • Cornwall Council is consulting on introducing parking fees in 13 currently free car parks.
  • Five targeted car parks are located near the Camel Trail, popular for outdoor activities.
  • Local businesses like the Snail's Pace Cafe worry about losing customers if parking is not free.
  • The Cornwall Bicycle Project believes fees might deter people from using the trail for exercise.
  • Some people think adding charges during a cost-of-living crisis could be unfair.
  • The council sees the fees as a way to increase revenue for car park upkeep.
  • Consultation on these proposals is set to end on February 4th.
  • The council has stated that the proposed changes are not yet finalized.
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Hope and uncertainty as India and US strike long-delayed trade deal

Hope and uncertainty as India and US strike long-delayed trade deal

Summary

India and the United States have reached a new trade agreement, reducing tariffs that have been previously set high. President Trump has announced that tariffs on Indian goods will drop from 50% to 18%, and India may increase imports from the U.S. Details of the agreement are still unclear, but the change is generally welcomed as it is expected to improve trade relations.

Key Facts

  • The U.S. reduced tariffs on Indian goods from 50% to 18%.
  • President Trump said India agreed to buy less Russian oil and more U.S. and Venezuelan oil.
  • Indian Prime Minister Modi thanked President Trump but did not confirm specific commitments.
  • The agreement comes after previous tariffs harmed U.S.-India trade, affecting Indian exports in textiles, seafood, and jewelry.
  • India's recent trade moves included a significant deal with the European Union reducing tariffs on most goods.
  • India's textile industry expects improved competition in the U.S. market due to the new tariff rates.
  • There is still uncertainty about the exact details and implications of the trade agreement.
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What is the US strategic minerals stockpile?

What is the US strategic minerals stockpile?

Summary

President Donald Trump announced a new strategic minerals stockpile called Project Vault, aiming to limit reliance on other countries for rare-earth materials needed for essential products. The initiative combines $2 billion in private funds with a $10 billion loan from the US Export-Import Bank to invest in rare-earth minerals and companies.

Key Facts

  • Project Vault is a strategic minerals stockpile announced by President Trump.
  • It includes $2 billion from private investors and a $10 billion US loan.
  • The stockpile aims to reduce reliance on other countries, especially China, for rare-earth minerals.
  • Rare-earth minerals are critical for making semiconductor chips, smartphones, and electric car batteries.
  • The US government has made investments in various companies, including USA Rare Earth and Korea Zinc.
  • These investments are part of efforts to secure American manufacturing and resource independence.
  • Key investments also include stakes in Intel and MP Materials for advanced manufacturing expansion.
  • The government is exploring further mineral investments, including in Greenland's Tranbreez deposit.
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