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PXG, a golf brand founded by Bob Parsons, celebrated its 10th anniversary. The company revealed new golf products, including the GEN8 Irons and Lightning driver. Bob and Renee Parsons are also known for their charitable work, contributing significantly to various causes through their foundation.
Key Facts
PXG stands for Parsons Xtreme Golf, a company known for high-quality golf equipment.
PXG celebrated its 10th anniversary and launched new products like the GEN8 Irons.
Bob Parsons, the founder, also started GoDaddy.com.
Bob and Renee Parsons founded the Bob and Renee Parsons Foundation in 2012.
The foundation has donated over $100 million to charity, including the Semper Fi & America's Fund.
Bob and Renee Parsons have pledged to give away at least 50% of their wealth to charity as part of The Giving Pledge.
PXG is known for its cutting-edge golf technology with over 200 patents.
PXG supports veterans and provides aid for underserved populations.
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The KitchenAid Evergreen stand mixer, which features a distinctive wooden bowl, has gained attention for both its appearance and the maintenance issues it may present. Concerns have been raised about the durability of the wooden bowl, including potential cracking and odor retention. KitchenAid suggests special care procedures to maintain the bowl, and silicone bowl liners are available as a practical solution.
Key Facts
The KitchenAid Evergreen stand mixer is popular for its walnut bowl and brass accents.
Some users are worried about the wooden bowl cracking or retaining odors.
A Reddit user highlighted these issues, and others agree it may not last well over time.
KitchenAid advises specific care methods like hand-washing and regular oiling to maintain the bowl.
The wooden bowl should not be washed in a dishwasher or scrubbed with harsh materials.
Silicone bowl liners are recommended to protect the wooden bowl and make it more user-friendly.
These liners help users who want to enjoy the mixer's design without the intensive upkeep.
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The Supreme Court agreed to hear an appeal from Bayer, the company behind Roundup weedkiller, to block lawsuits claiming the product causes cancer. The court will decide if the Environmental Protection Agency's approval of Roundup should prevent these state lawsuits. Bayer, which disputes the cancer claims, has set aside $16 billion for settlements.
Key Facts
The Supreme Court will hear Bayer's appeal to block state lawsuits against its Roundup weedkiller.
Bayer is facing around 181,000 claims alleging that Roundup causes cancer.
The Environmental Protection Agency approved Roundup without a cancer warning.
Bayer disputes the cancer claims but has reserved $16 billion for potential settlements.
The case comes from Missouri, where a man was awarded $1.25 million for cancer after using Roundup.
Bayer purchased Roundup maker Monsanto in 2018 and disputes conflicting lower court rulings.
Glyphosate, Roundup's main ingredient, remains in U.S. agricultural products despite being removed from residential products.
Bayer suggests it might pull glyphosate from U.S. agricultural markets if lawsuits continue.
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Canada and China have agreed to reduce tariffs on electric vehicles (EVs) and canola. This deal aims to boost trade by removing some of the barriers that previously existed between the two countries. Prime Minister Mark Carney announced the agreement during his visit to Beijing.
Key Facts
Canada and China made a trade deal to lower tariffs on electric vehicles and canola.
The agreement was announced by Canada's Prime Minister Mark Carney while visiting Beijing.
Canada will allow up to 49,000 Chinese electric vehicles at a reduced tariff rate of 6.1%.
Previously, Canada imposed a 100% tariff on Chinese electric vehicles during Justin Trudeau's government.
China plans to reduce tariffs on Canadian canola seed to about 15% by March 1.
The new arrangement will help Canadian farmers and businesses by opening up nearly $3 billion in export orders.
China agreed to re-establish high-level economic talks and collaboration in areas like agriculture and green energy.
The deal includes potential for increased Chinese investment in Canada’s auto sector.
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President Trump's administration has taken stakes in several companies, boosting their stock prices significantly. These government equity investments have led to a rise in company values, attracting more companies to participate.
Key Facts
The U.S. government under President Trump has taken equity stakes in nine companies.
Companies with these deals saw an average share price increase of 85%.
Intel's stock price more than doubled after the government bought a 9.9% stake.
Trilogy Metals' share prices rose by 171%.
MEP Materials' stock increased by 122%.
Deals with private companies and specific revenue-sharing deals are not included in the average increase.
L3Harris received a $1 billion investment from the Pentagon; the company's shares briefly increased after the announcement.
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President Donald Trump is planning to announce a new proposal allowing Americans to use their retirement savings for home down payments. The plan will be detailed at the Davos World Economic Forum, but specifics such as tax impacts have not been disclosed.
Key Facts
President Trump plans to let people use retirement savings for home down payments.
The plan relates to 401(k) retirement accounts in the U.S.
The proposal will be presented at the Davos World Economic Forum.
Current rules usually impose fees and taxes on early retirement withdrawals.
Trump aims to address housing affordability issues through this plan.
Recently, Trump has introduced other housing-related initiatives, including banning corporate investors from buying single-family homes.
Trump's administration directed the purchase of $200 billion in mortgage bonds.
Mortgage rates recently fell below 6%, though experts warn that bond purchases may not sustain low rates long-term.
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A$AP Rocky has released a new album titled "Don't Be Dumb" after an eight-year gap. The album features different music styles and includes collaborations with big names like Tyler, The Creator. A$AP has also become a father of three with his partner Rihanna during this time.
Key Facts
A$AP Rocky released his fourth album, "Don't Be Dumb," after eight years.
The album mixes various music styles like punk, trap, and indie.
Notable collaborators on the album include Tyler, The Creator and Doechii.
Tim Burton created the album cover, showcasing different personas of A$AP Rocky.
The album's lead single, "Punk Rocky," features a music video with actors Winona Ryder and Danny Elfman.
Despite mixed reviews, some critics praise the album for its eclectic and ambitious style.
A$AP Rocky and Rihanna have three children together: two sons, RZA and Riot, and a daughter, Rocki.
Rihanna does not appear on the album, though A$AP Rocky once supported her on tour, and they have been in a relationship since 2021.
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Health system leaders discussed if collaboration could become standard practice in healthcare. They agreed it's beneficial for innovation and managing public health issues, but had different views on whether it would become a widespread approach. They talked about the challenges and potential advancements of working together in healthcare.
Key Facts
Health system leaders recently held a webinar to discuss collaboration in healthcare.
The event was called "Collaboration Over Competition: Charting a New Path to Better Patient Care."
Leaders agreed that partnerships help improve healthcare innovation and research.
The panel discussed successful collaborations during health crises like COVID-19.
Jeffrey Flaks from Hartford HealthCare was optimistic about increased partnerships due to tech advancements.
Robert Stone from City of Hope highlighted the pressures on health systems that might prevent collaboration.
True collaboration might be limited by leaders' preference for incremental progress to reduce risk.
Dr. Corey Casper noted that conditions must be right for collaboration to succeed.
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A court dismissed a £50 million lawsuit by Biffa against the Scottish government over a failed bottle return scheme. Biffa claimed a letter assured their investment, but the judge found this claim unjustified. The scheme was dropped after the UK government did not grant necessary permissions.
Key Facts
A court rejected a £50 million claim by Biffa against the Scottish government.
Biffa alleged a letter from a former minister assured them the scheme would proceed.
The judge found Biffa's interpretation of the letter as unrealistic.
The Scottish bottle return scheme was delayed and eventually dropped in 2023.
The UK government did not grant the scheme a needed exemption under the Internal Market Act.
Biffa had signed a contract with Circularity Scotland after receiving the letter.
It was later revealed the Scottish government knew about potential legal issues before.
The ruling stated Biffa did not seek additional information when needed.
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The U.S. Department of Energy is considering a plan to swap oil with Venezuela. The idea is to exchange Venezuelan heavy oil for U.S. medium sour crude to help fill the U.S. Strategic Petroleum Reserve.
Key Facts
The U.S. may trade heavy oil from Venezuela for U.S. medium sour crude oil.
This oil exchange aims to replenish the U.S. Strategic Petroleum Reserve.
The Venezuelan oil could be stored at the Louisiana Offshore Oil Port.
The U.S. medium sour crude would be sent directly into storage caverns.
This information comes from people familiar with the discussions.
Newsweek has requested a comment from the Department of Energy.
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Martin Lewis, a personal finance expert, advises people to check their tax codes. This is important to ensure they are not overpaying or underpaying taxes.
Key Facts
Martin Lewis is a personal finance expert known for giving money-saving advice.
A tax code is a combination of letters and numbers used by the tax system to work out how much tax a person should pay.
Checking your tax code can help ensure you are paying the correct amount of tax.
Overpaying taxes means some of your money could be refunded, but you need to correct the tax code first.
Underpaying taxes could lead to having to pay more later.
The advice about tax codes is relevant to people in the UK.
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Curtis International has expanded a recall on nearly 964,000 Frigidaire mini fridges due to fire risks. The U.S. Consumer Product Safety Commission reported that the fridges' electrical components can short-circuit and catch fire. Customers are advised to stop using the fridges and can get a refund.
Key Facts
Curtis International recalled nearly 964,000 Frigidaire-branded mini fridges.
The recall involves an additional 330,000 fridges beyond the 634,000 recalled in July 2024.
The fridges have an internal component that may short-circuit, leading to fire risks.
At least six incidents of fires have been reported, causing property damage.
The recall was announced on January 15, 2026, covering units sold from January 2020 to October 2023.
Customers are told to unplug the fridge, cut the power cord, and label it with "Recall" before disposing of it.
A refund process is available online for affected customers.
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Many small- and medium-sized U.S. businesses plan to increase prices soon due to ongoing economic uncertainty. A survey shows 57% of business leaders intend to raise prices within three months, despite recent improvements in business confidence. Additionally, these businesses face challenges like rising costs and labor market issues.
Key Facts
57% of small- and medium-sized business executives plan to raise prices soon.
Among those raising prices, 8% expect increases of more than 10%.
The survey involved responses from 1,202 business executives.
Business confidence improved to an index of 88.9 from 81.9 in the prior quarter.
Inflation has slowed, with a current rate of 2.7%.
69% of CEOs anticipate higher sales revenues in 2026.
Staffing increases are planned by 57% of businesses over the next 12 months.
Despite confidence, CEOs remain aware of economic and staffing challenges.
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The Trump administration is preparing backup plans in case the Supreme Court rules against existing tariffs. Kevin Hassett, Director of the National Economic Council, stated that there are alternative legal options to implement similar tariffs if needed. The administration might use Section 301 of the Trade Act of 1974 to address trade imbalances if the court's decision is unfavorable.
Key Facts
The Trump administration is concerned about a potential Supreme Court decision against current tariffs.
Kevin Hassett discussed the administration's plans on various financial news shows.
If the court rules against them, there are other legal ways to impose similar tariffs.
U.S. Trade Representative Jamieson Greer is working on these backup plans.
Section 301 of the Trade Act of 1974 allows temporary tariffs to adjust trade imbalances.
The administration is confident they will win the court case, but is preparing just in case.
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Newsweek is hosting an event focused on agricultural technology in Davos, Switzerland, on January 22, 2026. Leaders from various industries will discuss how farming can better align with global environmental goals. The forum includes panel discussions led by executives from companies like SAP, PepsiCo, and the United Nations Food and Agriculture Organization.
Key Facts
The AgriTech event will take place in Davos, Switzerland, on January 22, 2026.
Newsweek is organizing the event to focus on agricultural technology and sustainability.
Discussions will explore digital tools, sustainability strategies, and financial frameworks in agriculture.
Panel topics include sustainable agriculture, high yield farming, financing innovation, and climate challenges.
Prominent speakers include executives from companies like PepsiCo, SAP, and Syngenta.
The event aims to bring together leaders from various sectors to discuss climate-aligned agriculture.
Representatives from organizations like the United Nations and the Gates Foundation will attend.
Newsweek aims to promote solutions for sustainability and climate resilience through this event.
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Canada has decided to reduce tariffs on 49,000 Chinese-made electric vehicles (EVs) each year. This comes as part of a broader agreement that also includes lowering Chinese tariffs on Canadian agricultural goods. President Donald Trump has previously made comments suggesting openness to Chinese automakers in the U.S., although there are existing high tariffs and regulations on Chinese EVs.
Key Facts
Canada will cut tariffs on 49,000 Chinese electric cars to 6.1% annually.
This change is part of a deal that also lowers Chinese duties on Canadian farm products like canola.
President Trump previously expressed a willingness to allow Chinese carmakers to operate in the U.S.
The U.S. currently has a 100% tariff on Chinese-made EVs.
Some U.S. politicians want to ban Chinese EVs over data security concerns.
Canada aims to reduce its trade reliance on the U.S. by diversifying imports.
The European Union is considering setting price floors rather than blocking Chinese EVs completely.
Chinese car companies, like BYD, make competitive electric cars that are affordable.
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A worker went viral for sharing an online post about managing rigorous work hours while their wife was in intensive care. The worker described how their boss reacted by prioritizing business needs over personal family emergencies. The post sparked widespread discussion about sharing personal information at work and the implications of employer-funded health insurance.
Key Facts
A worker managed work deadlines and went viral for their post while their wife was in the ICU for 12 days.
The worker shared with their workplace the challenges they were facing but continued to meet work responsibilities.
The worker's boss reminded them of business needs, despite knowing about the personal crisis.
A different company member suggested the worker should prioritize being with their wife in the hospital.
The viral post warned about being cautious with sharing personal details at work.
Comments on the post noted the risks of employer-funded health insurance revealing costly health conditions.
It was discussed how employers might infer which employee is costly for health insurance, potentially leading to job cuts.
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In 2025, foreclosure activity in the U.S. increased by 14% from the previous year, reaching the highest level since 2019. Florida had the highest foreclosure rate, with several other states also showing significant increases. Despite this rise, foreclosure rates are still much lower than during the housing crisis or pre-pandemic periods.
Key Facts
Foreclosure filings in the U.S. totaled 367,460 in 2025.
This number is 14% higher than in 2024 and the highest since 2019.
The U.S. foreclosure rate was 0.26% in 2025, up from 0.23% in 2024.
Florida had the highest foreclosure rate among states, at 0.44%.
The increase in filings is attributed to financial stress and market recalibration.
2025 foreclosure levels are still below those seen during the housing crisis and pre-pandemic.
Economic factors like rising costs and slow job growth are contributing to financial strain.
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Former Teen Mom star Farrah Abraham, who is running for a city council seat in Austin, Texas, criticized the city's housing market, saying her rent has significantly increased. Austin experienced a housing demand surge during the pandemic, causing home prices to rise sharply, although prices are now stabilizing. Abraham aims to address affordable housing if elected.
Key Facts
Farrah Abraham is running for a city council seat in Austin's District 5.
Abraham stated her downtown rent has doubled or tripled.
Austin's housing market surged during the pandemic, with home prices rising over 60%.
Prices are now stabilizing as fewer people move to the city.
Abraham plans to address housing affordability if elected to city council.
She cited issues with outdated tax laws affecting self-employed individuals.
Abraham has lived in Austin since 2013 and works in various roles, including as a life coach.
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BlackRock has warned that the U.S. might face a worker shortage as a massive global construction boom, partly driven by AI technology development, is underway. This shortage could be due to the retirement of older workers and the growing demand for skilled trade jobs tied to infrastructure projects. Despite these challenges, there is potential for wage growth that could attract younger workers to these positions.
Key Facts
BlackRock highlighted a potential shortage of workers in the U.S. for upcoming infrastructure projects.
The construction boom is driven by AI expansion and efforts to upgrade aging infrastructure.
BlackRock noted that training workers quickly could be a significant challenge.
Infrastructure-related jobs are expected to grow at a rate of 5% over the next 10 years, faster than the 3% national average.
Many construction workers and supervisors are nearing retirement, contributing to the labor shortage.
Immigration crackdowns have also contributed to a shortage of construction workers in the U.S.
Companies and governments are encouraged to train workers for the increasing demand for AI infrastructure jobs.
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