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A home owned by the Trump Organization near President Donald Trump's Mar-a-Lago resort is available for rent at $122,500 per month. Located in Palm Beach, Florida, the property highlights the high demand for real estate in the area due to its proximity to the resort and other wealthy neighbors.
Key Facts
The home is owned by the Trump Organization and is in Palm Beach, Florida.
It is listed for rent at $122,500 per month, amounting to $1.47 million annually.
The property is adjacent to Mar-a-Lago and includes features like mahogany wood floors, a private pool, and beach access.
Palm Beach's strong real estate market partly drives up the high rental price.
Renting this home does not include membership to Mar-a-Lago or Trump International Golf Club.
There is increased property value and rent prices due to high demand and limited options near Mar-a-Lago.
Proximity to the area is seen as a desirable factor for its connection to influential individuals.
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The article discusses the issue of dollar debasement and inflation in the United States, highlighting the persistent rise in living costs and the government's financial challenges. It suggests that the private sector, with the help of technology, might find solutions to protect money's value as traditional government methods struggle. The article refers to historical instances where technology has successfully transformed previously rigid systems.
Key Facts
Inflation has led to a noticeable increase in the cost of groceries, rent, and insurance, while savings have lost value.
The U.S. government is experiencing challenges with widening deficits and difficulties in raising taxes or cutting spending.
The term "fiscal dominance" refers to the priority given to political survival over maintaining stable prices.
The detachment of the U.S. dollar from gold resulted in increased money printing and competition between debt interest payments and essential state spending.
The trade deficit persists because other countries sell cheaper goods to the U.S. to obtain dollars.
Technology has historically changed industries, such as private companies entering space travel, and could potentially address monetary issues.
Current methods to protect against currency debasement, like real estate and commodities, were not explicitly designed for this purpose.
Bitcoin's role as a stable asset is theoretical and was not its original design intention.
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A major trade deal between the U.S. and the EU has been put on hold after President Trump threatened tariffs related to Greenland. European lawmakers paused the agreement, which was set to cancel tariffs on U.S. industrial goods. The situation increases tension between the trading partners.
Key Facts
European lawmakers stopped approval of a trade deal with the U.S. due to threats from President Trump about tariffs linked to Greenland.
The deal would have removed tariffs on all U.S. industrial goods.
Trump threatened a 10% tariff on several European countries starting February 1, increasing to 25% on June 1.
This move by Trump aimed to push for negotiations related to the purchase of Greenland.
Bernd Lange, a key European lawmaker, emphasized that the decision supports Denmark and Greenland's sovereignty.
The trade deal, known as the Turnberry Deal, intended to cap tariffs on U.S. imports from the EU at 15% and eliminate tariffs on some items.
The EU-U.S. economic relationship was valued at about $1.5 trillion in goods and services annually.
This decision shows the EU’s commitment to stability and its allies in response to perceived threats.
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Volvo introduced the EX60, a new electric SUV designed for the U.S. market, aimed at meeting consumers' expectations on range, charging speed, and price. Despite a drop in electric vehicle (EV) sales in late 2025, overall EV sales in the U.S. remained strong, and Volvo's electric vehicle sales grew significantly. Volvo plans for most of its vehicle sales to be electric or hybrid by 2030.
Key Facts
Volvo launched the EX60, a new electric SUV, in the U.S.
U.S. sales of electric vehicles dropped in the fourth quarter of 2025.
2025 was the second-best year for EV sales in the U.S.
Volvo's electric vehicle sales in the U.S. grew by 91% in 2025 compared to the previous year.
The new EX60 SUV can travel up to 400 miles on a single charge and adds 173 miles in 10 minutes of charging.
The EX60 is priced around $60,000, making it competitive with plug-in hybrids.
Volvo's goal is to have 90-100% of its sales be electrified vehicles, including plug-in hybrids and full electrics, by 2030.
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Five Guys has opened a new flagship restaurant in Las Vegas at The Venetian Resort, which is unique because it includes a walk-up bar and offers an all-day breakfast menu. The restaurant is designed to reflect the Las Vegas atmosphere and stays open from 8 a.m. to 4 a.m. every day.
Key Facts
The new Five Guys restaurant is located at the Grand Canal Shoppes in The Venetian Resort, Las Vegas.
It features a full walk-up bar and an all-day breakfast menu, which are new for Five Guys.
The restaurant is open daily from 8 a.m. to 4 a.m.
Traditional menu items like customizable burgers and milkshakes are still available.
The interior design includes Las Vegas-themed decorations like murals and neon signs.
There is a glass-walled potato prep room where guests can see how fries are made.
The restaurant opening coincides with the 40th anniversary of Five Guys.
A special celebration event is planned to launch the new features.
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The fashion company Next has bought the shoe retailer Russell & Bromley for £2.5 million. This acquisition includes three stores and some stock, while the fate of the remaining stores and employees is uncertain. Russell & Bromley is struggling in a difficult retail market, joining other brands facing similar challenges.
Key Facts
Next bought Russell & Bromley for £2.5 million.
The deal includes three out of Russell & Bromley's 36 stores and some existing stock.
Next paid an additional £1.3 million for the stock.
The future of the remaining 33 stores and around 400 employees is uncertain.
Russell & Bromley went into administration, a process where a company is helped to pay its debts.
The brand is about 150 years old.
Other retail brands like Claire’s and The Original Factory Shop are also facing administration.
Next aims to provide stability and maintain the legacy of Russell & Bromley.
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Newly unsealed court documents show that actress Blake Lively called director Justin Baldoni a "clown" in text messages. Lively has filed a lawsuit against Baldoni for sexual harassment and defamation, while Baldoni denies these claims. The case will go to trial in May 2025, and the texts reveal tensions during the filming of "It Ends With Us."
Key Facts
Blake Lively called Justin Baldoni a "clown" and "doofus director" in text messages from 2023.
Lively sued Baldoni in December 2024, accusing him of sexual harassment and a smear campaign.
Baldoni has denied all the allegations and is defending against the lawsuit.
Baldoni's $400 million counter-suit was dismissed by a judge in June.
The trial for Lively's case is set for May 2025.
The messages between Lively and her friends indicate frustration with Baldoni during the filming and promotion of "It Ends With Us."
In the texts, Lively mentioned feeling bad for Baldoni despite his behavior.
Lively's team claims that the text messages are missing important context.
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President Donald Trump's comments about buying Greenland and imposing tariffs on countries opposed to the idea have unsettled financial markets. This has led investors to sell U.S. stocks and bonds, causing a drop in U.S. market indexes and the dollar value. Some investors are concerned about ongoing uncertainty and the stability of the U.S. economy.
Key Facts
President Trump wants to acquire Greenland and plans to increase tariffs on countries against this move.
The proposed tariffs will start at 10% and could rise to 25% by June 1.
Major U.S. stock indexes fell sharply, with declines in the Dow Jones, S&P 500, and Nasdaq.
Investors are selling U.S.-linked assets due to fears of economic uncertainty and strained international relations.
A Danish pension fund decided to sell its U.S. Treasury holdings, citing poor U.S. government finances.
The U.S. administration downplays the impact of these investor actions.
President Trump stated the U.S. will not forcibly take Greenland.
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A Massachusetts judge blocked residents from using Kalshi, a platform for prediction markets, which affects betting on sports events like the Super Bowl. The judge ruled that Kalshi needs a state sports wagering license under Massachusetts law. This decision impacts millions of users and the company's operations.
Key Facts
A Massachusetts judge blocked Kalshi from operating without a sports wagering license in the state.
The decision affects millions of users, especially ahead of the Super Bowl.
Kalshi allows users to predict outcomes for various topics, including sports and politics.
Sports betting made up 70% of Kalshi's income during a part of last year.
Kalshi has about two million users across the U.S. and is valued at over $2 billion.
Several states have challenged Kalshi on legal grounds, but Massachusetts is the first to stop operations.
The Massachusetts Attorney General filed a lawsuit in 2025 claiming Kalshi did not have the necessary license.
The judge disagreed with Kalshi’s argument that federal law covers their sports event contracts, stating state laws apply.
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The BBC has formed a new deal with YouTube to create content specifically for the platform. This move targets a younger digital audience and will start with coverage of the Winter Olympics. The partnership will also generate revenue for the BBC through ads viewed outside of the UK.
Key Facts
The BBC will produce new shows specifically for YouTube as part of a new agreement.
This content will target younger audiences who typically watch digital media.
The BBC's new shows will include entertainment, news, and sports, starting with the Winter Olympics.
Ads shown outside the UK will help the BBC earn extra money.
The partnership aims to enhance the BBC's reach and connect with audiences in new ways.
YouTube and the BBC will also launch a training program for new UK content creators.
Social media and video platforms have surpassed traditional news sources in popularity in some areas, including the US.
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Newsweek showcases a variety of new consumer products in its New & Noteworthy feature. This week includes items like creatine gummies for women, a compact camera by Kodak, and a Clorox spray for allergens. The feature aims to keep consumers informed about the latest product trends across different categories.
Key Facts
Newsweek's New & Noteworthy helps consumers discover new products across various categories.
This week's products include Lemme's creatine gummies, Kodak's instant camera, and Clorox's allergen spray.
Kodak Printomatic+ is a camera that prints photos instantly and costs $79.99.
Clorox Pure Daily Air Spray is designed to neutralize household allergens and costs $5.97.
egglife Chipotle Egg White Wraps offer a low-carb, high-protein alternative for meals and are priced at $6.89.
DripDrop Zero Sugar Plus is an electrolyte drink mix with no artificial sweeteners, priced at $27.99.
Lemme Creatine Gummies provide 5 grams of creatine and support muscle and cognitive health, sold for $24.00.
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U.S. stock market performance during the first year of President Trump's second term was lower compared to the same period in his first term and also underperformed the first years of the Biden and Obama presidencies. The S&P 500 rose by 15.7%, while it had increased by 24.1% in Trump's first term and 19.3% in Biden's first year. Other stock indices showed mixed results.
Key Facts
The S&P 500 index increased by 15.7% during President Trump's first year of his second term.
In Trump’s first term, the S&P 500 went up by 24.1% in the first year.
During Biden's first year, the S&P 500 increased by 19.3%.
The S&P 500 gained 35.9% during Obama’s first year in office.
The Dow Jones Industrial Average increased by 13.5% in the past year under Trump 2.0.
Under Trump 1.0, the Dow Jones was up 32.1%, compared to 13.3% under Biden and 58% under Obama.
The Nasdaq rose by 19.8% in Trump 2.0’s first year, but it increased by 32.4% in Trump 1.0’s first year.
Stocks experienced a significant sell-off on a recent Tuesday, with the S&P 500 dropping over 2%.
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Walmart has launched a new online store called the Premium Musical Instrument Shop on its Walmart Marketplace platform. This shop offers high-end musical instruments and accessories from well-known brands like Fender and Roland. The launch is part of Walmart's plan to expand its online marketplace into premium product areas.
Key Facts
Walmart opened a new online store for premium musical instruments on Walmart Marketplace.
The store features products like guitars, amplifiers, and drum accessories.
Items come from well-known brands such as Fender, Roland, and Boss.
The shop is available to both brands and third-party sellers.
Walmart plans to showcase its musical instrument offerings at the 2026 NAMM Show.
Walmart reported 14 straight quarters of growth in its Marketplace sales.
U.S. e-commerce sales for Walmart increased by about 28% in the latest quarter.
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Kayla Russina bought a Gucci watch from a thrift store for $150 and later confirmed that it was authentic. The watch, which dates back to the 1990s and comes with interchangeable bezels, could sell for between $500 and $700.
Key Facts
Kayla Russina bought a Gucci watch for $150 at a thrift store in St. Louis.
The watch was in its original case and came with several bezels, parts that can be changed to give it a different look.
Russina initially worried about its authenticity but later had it confirmed to be real.
The watch is a model from the 1990s and similar models sell for over $1,000 online.
She expects to sell the watch for between $500 and $700 after confirming it works with a new battery.
Russina plans to sell the watch to raise money as she is a college student.
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The Internal Revenue Service (IRS) is changing its operations before the 2026 tax season starts, including leadership shifts and modernizing services. The agency is introducing new tax deductions and encouraging more digital interactions with taxpayers to improve customer service and compliance.
Key Facts
The IRS announced leadership reorganization and plans to modernize its services to improve taxpayer service.
New tax deductions include interest on car loans and enhanced tip and overtime relief.
The 2026 tax filing season begins on January 26, 2026.
The IRS plans to expand online services, encouraging electronic filing and direct deposits instead of paper checks.
The IRS expects to receive approximately 164 million tax returns in the 2026 season.
Updated rules will impact reporting for digital assets like cryptocurrencies, affecting the tax season.
The IRS is using new guidelines for deductions, including a permanent 100% bonus depreciation.
The National Taxpayer Advocate warned that staff reductions might affect service levels during the 2026 tax filing season.
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Inflation in the UK increased to 3.4% in December, mainly due to higher prices for tobacco and airfares. This rise was slightly more than what many experts had predicted.
Key Facts
UK inflation rose to 3.4% in December.
Tobacco and airfares were the main reasons for this increase.
Economists had expected an increase to only 3.3%.
The rise in airfares was partly due to flights during the Christmas and New Year period.
Tobacco prices increased because of a new tax introduced in November.
The data were released before the Bank of England's upcoming decision on interest rates.
Lower clothing and food prices helped keep inflation from rising even more.
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Warsaw, Indiana, is making a comeback as a manufacturing hub with the arrival of Slate Auto, a new car maker. After a major printing plant in the town closed, many jobs were lost, but Slate Auto is starting a new auto manufacturing site, revitalizing the area. The town's solid infrastructure and community support were key in attracting the new company.
Key Facts
Warsaw, Indiana, was historically linked to R.R. Donnelley & Sons, once a major U.S. printing company.
At its peak, the Donnelley plant in Warsaw employed about 2,000 people.
The plant was sold in 2016, went bankrupt by 2020, and closed in 2020, affecting 525 workers.
In 2024, Slate Auto chose Warsaw as the site for its new car manufacturing plant.
Slate Auto CEO, Chris Barman, aimed to launch car production by late 2026.
Warsaw offered strong community support, existing infrastructure, and good logistics for suppliers.
Slate Auto's choice reflects a trend in reindustrializing older manufacturing areas.
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Grassroots music venues in the UK are finding it hard to make a profit, with over half not making money last year. Despite this, attendance at small venues rose by 13% in 2025. Financial pressures, including increased costs, are causing some venues to close.
Key Facts
Over half (53%) of grassroots music venues in the UK did not profit last year.
In 2025, 30 music venues closed, affecting job availability in the sector.
About 6,000 jobs, nearly 20% of the workforce, were lost.
Attendance at these small venues went up by 13%, with 21 million people attending shows.
Average ticket prices saw a minor increase, going from £11.48 to £11.56.
The rate of venue closures is slowing, with a decline of only 1.2%.
Financial issues, like the rise in National Insurance, added £15 million to wage bills.
Some venues are using creative methods like hosting corporate events to stay afloat.
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President Donald Trump has approved the production of small cars, known as Kei cars, in the United States. These cars are popular in Japan and are smaller than typical American vehicles. However, there are uncertainties about whether they will be successful in the U.S. market due to concerns about safety, pricing, and American consumer preferences.
Key Facts
President Trump approved the production of tiny vehicles, similar to Japan's Kei cars, in the U.S.
Kei cars are small, economical cars that became popular in Japan after World War Two.
These cars face challenges in the U.S. due to safety concerns and American preferences for larger vehicles.
Trump believes small cars could be affordable and fuel-efficient options for Americans.
Current U.S. regulations make it rare to see Kei cars unless they are over 25 years old.
U.S. households are still dealing with higher car prices due to past supply chain issues and increased living costs.
Tariff policies and ending subsidies for electric vehicles might increase car prices further.
Some believe small cars could work well in crowded cities, but not on highways.
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Elon Musk and Ryanair CEO Michael O'Leary are in a public disagreement. Their argument started after O'Leary rejected using Musk's Starlink technology for wi-fi on Ryanair flights. The dispute has included insults and talk of Musk potentially buying Ryanair.
Key Facts
Elon Musk suggested he might buy Ryanair and called for its CEO Michael O'Leary to be fired.
O'Leary rejected Musk's Starlink system for in-flight wi-fi, citing increased costs and passenger disinterest.
Ryanair called Musk an "idiot" and promoted a "Great Idiots seat sale," using the argument for marketing.
Musk's Starlink uses a network of low-earth orbit satellites to provide internet access.
EU-based airlines need to be mostly owned by EU, Swiss, Norwegian, Icelandic, or Liechtenstein people.
O'Leary plans a press conference in Dublin to respond to Musk's remarks.
Lufthansa plans to install Starlink on its planes, offering free wi-fi, which Ryanair has rejected.
Both Musk and O'Leary are known for making bold, attention-getting public statements.
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