A group named FairPredicts began a large advertising campaign in Washington, D.C., to criticize the prediction market company Kalshi. Kalshi has also been increasing its own public messages in the area this year.
Key Facts
FairPredicts calls itself a “market integrity watchdog.”
The group launched a six-figure advertising campaign on Wednesday morning in Washington, D.C.
Ads appeared at metro stations and on mobile box trucks.
The campaign targets Kalshi, a company that runs prediction markets.
Kalshi has been increasing its messaging and presence in Washington this year.
Prediction markets are platforms where people can bet on the outcome of future events.
FairPredicts aims to raise concerns about prediction market practices.
Both groups are active in shaping opinions in the Washington, D.C. area.
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CBS Mornings Deals offers special discounts on products that could be useful in daily life. Customers can visit the website cbsdeals.com to find these deals and save money.
Key Facts
CBS Mornings Deals shares exclusive discounts on selected items.
These products are meant to be helpful in everyday activities.
Shoppers can visit cbsdeals.com to access the deals.
CBS earns commissions from purchases made through the website.
The deals are promoted during the CBS Mornings show.
The discounts are available for a limited time.
Customers can use different web browsers like Chrome or Safari to shop.
The CBS News app also provides access to the deals.
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A large historic mansion in Brooklyn, built in 1887 for a classmate of President Theodore Roosevelt, is now for sale at $16 million. The home is the broadest single-family townhouse in Brooklyn and has been carefully preserved with original materials and updated systems.
Key Facts
The mansion is located at 842 Carroll Street in Brooklyn’s Park Slope neighborhood.
It was designed by architect C.P.H. Gilbert and built in 1887.
The original owner, George W. Kenyon, was a Harvard classmate of Theodore Roosevelt and an industrialist.
The house has 18 rooms, covers more than 8,000 square feet, and features 10 working fireplaces.
The property has had only four owners since it was built, helping maintain its original character.
Modern updates include new electrical and plumbing systems while keeping historic materials like mahogany and oak.
The Brooklyn real estate market has seen rising home prices, with the median price exceeding $1 million recently.
The U.S. remodeling market is growing, driven by older homes needing updates for better energy use and value.
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Russia’s space program is now placing advertisements on rockets and spacecraft to raise money. This move is part of new laws approved by President Vladimir Putin to help fund space activities amid economic challenges and international sanctions.
Key Facts
Russia’s economy has likely shrunk over the last five years, partly due to the war in Ukraine.
International sanctions have cost Russia about $450 billion since February 2022.
Defense spending in Russia reached about 7% of the government budget, a post-Soviet high.
Since January 1, 2026, Russian rockets have carried ads from companies like PSB Bank and Kofemaniya restaurants.
In 2023, President Putin approved changes allowing advertising on spacecraft owned by the state.
Roscosmos, Russia’s space agency, faces losses estimated at $2.5 billion due to Western sanctions.
Space advertising is expected to bring only a few million dollars per year, far less than losses from sanctions.
The number of Russian rocket launches dropped to 17 per year in 2024 and 2025, one of the lowest totals outside the pandemic year 2020.
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Fast-fashion company Shein is rumored to be buying Everlane, a retailer known for focusing on sustainability, for about $100 million. Experts say this deal could change how sustainable fashion is seen and may risk turning real environmental efforts into just a marketing tool.
Key Facts
Shein, a fast-fashion giant, may acquire Everlane, a brand focused on sustainable fashion.
The reported deal price is around $100 million, but this has not been independently confirmed.
Everlane’s majority owner is L Catterton, a private equity firm linked to luxury group LVMH.
Experts warn the acquisition could lead to "greenwashing," where sustainability is used mainly for marketing.
There is concern that Shein might change Everlane’s values or products after the purchase.
The fast-fashion market is expected to grow significantly, from $161.9 billion in 2025 to $387.7 billion in 2034.
Textile production already emits more greenhouse gases than international flights and shipping combined, with emissions likely to rise.
Analysts say this acquisition could be Shein’s attempt to gain sustainability credibility, sometimes called "buying the halo."
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CBS Mornings shared tips to help people avoid spending too much money on vacations during times when prices are rising. The report offers advice to manage travel costs amid concerns about inflation.
Key Facts
The segment is from CBS Mornings.
It focuses on how to avoid paying extra during vacation times.
The advice comes in response to inflation, which means prices are going up.
Kris Van Cleave reports on these tips.
The report is available on the CBS News app and website.
Inflation can make travel and vacation expenses higher than usual.
The tips help people save money while planning trips.
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Mortgage interest rates have risen again in May 2026 after falling below 6% earlier this year. The average rate for a 30-year mortgage is now 6.62%, and refinancing rates are also higher, making it important for borrowers to shop around and consider locking in current rates.
Key Facts
The average 30-year mortgage rate is 6.62% as of May 20, 2026.
The median 15-year mortgage rate is 6.12% as of the same date.
Refinance rates are higher, with a 30-year refinance average of 7.05% and a 15-year refinance median rate of 6.08%.
These rates have increased since March 2026, when 30-year purchase rates were around 6.47%.
Locking in a mortgage rate now can protect borrowers from further rate increases.
Some lenders allow borrowers to reduce their locked rate if rates drop before closing.
Shopping with at least three lenders can help borrowers find better mortgage offers.
The Federal Reserve is unlikely to cut rates soon, which may keep mortgage rates elevated.
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The Portland Trail Blazers have let go of many employees who worked in business roles. This change is part of a reorganization led by the team's new owner, Tom Dundon.
Key Facts
The Portland Trail Blazers are a professional basketball team.
They recently laid off a large number of employees in business-related jobs.
The layoffs are part of a reorganization plan.
The reorganization is directed by the team's new owner, Tom Dundon.
The changes focus on the business side, not the players or coaching staff.
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Over £52 million of public money meant for social housing is at risk after two investment companies linked to Heylo Housing went into administration. The government and housing regulator are working to protect taxpayers' money and keep about 3,500 social homes from moving into the private sector.
Key Facts
Two investment companies run by Heylo Housing, backed by BlackRock, have entered administration.
About £52 million in public funds, granted from 2018 to 2023 for social housing, is now at risk.
The money comes from Homes England, a government agency funding affordable housing projects.
Around 3,500 social homes and their residents are affected but will not lose their homes or payments immediately.
Heylo’s complicated structure means the homes are leased from investment firms, not directly owned by the regulated housing provider.
The Regulator of Social Housing (RSH) has limited powers to intervene because of changes made in 2017.
The situation reveals weaknesses in housing industry rules that allowed public money to go to for-profit companies without enough oversight.
The RSH hopes another social landlord can buy the properties to keep them in the social housing sector.
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The UK government has extended the freeze on fuel duty, keeping the 5p tax cut on petrol and diesel until the end of the year instead of ending it in September. This decision comes after rising fuel prices caused by conflicts in the Middle East and is also accompanied by reduced taxes on red diesel and a temporary tax break for heavy goods vehicles.
Key Facts
The 5p cut on fuel duty was introduced in March 2022 by the Conservative government to help with rising fuel prices.
The fuel duty cut was supposed to end after 12 months but has been extended multiple times.
The freeze on fuel duty will now last until the end of the year, not just until September.
Rising fuel prices have been influenced by the war between the US and Israel in Iran, which disrupted global oil and gas supplies.
The government plans to reduce the fuel duty on red diesel, used mainly in farming equipment, by over one-third until the end of the year.
A 12-month holiday on vehicle excise duty (a tax on vehicles) will apply to heavy goods vehicles (HGVs) to help with higher supply chain costs.
The average petrol price reached 158.52 pence per litre recently, the highest since the start of the Iran war.
Industry experts have raised questions about the fuel duty policy after this year, including whether prices will rise sharply or if further extensions will happen.
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Debt from domestic rates bills in Northern Ireland rose by over 50% last year, reaching more than £1 million, according to Advice NI. The average bill increased due to higher regional and local council rates, putting more financial pressure on households during the cost of living crisis.
Key Facts
Domestic rates bill debt in Northern Ireland grew from about £705,558 in 2024/25 to over £1,066,170 in 2025/26.
The average domestic rates bill is now £1,239, up because of a 5% increase in the regional rate set by Stormont and rises in district rates by councils.
Domestic rates help pay for public services, local projects, tourism, and waste management.
Advice NI warns that unpaid rates debt can lead to legal action, such as wage deductions or insolvency, risking people's homes.
Most people wait about two years before seeking help for debt, so the problem may grow as costs rise.
Council areas saw different rate increases, with Ards and North Down having the highest at 4.5%.
The rates bill has three parts: the property value, a regional rate by Stormont, and a district rate by the local council.
Northern Ireland’s overall rates bills are generally lower than in the rest of the UK because some charges, like water fees, are not included.
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Samsung Electronics’ workers in South Korea will strike for 18 days starting Thursday to protest bonus payments. About 48,000 employees, mainly in the chip division, will stop work, which could hurt Samsung’s production and South Korea’s economy.
Key Facts
More than 48,000 Samsung Electronics workers will strike for 18 days starting Thursday.
The strike is mainly about the size of bonus payments; workers want a share of 15% of the company’s annual profit.
Samsung currently caps bonuses at 50% of a worker’s yearly salary and disagrees with the union’s demands.
Samsung is the world’s largest maker of memory chips used in many electronics and data centers.
Samsung’s revenues equal about 12.5% of South Korea’s total economy (GDP).
The Bank of Korea says the strike could reduce economic growth by 0.5 percentage points and cost about 30 trillion won ($20 billion).
Government-led talks failed to resolve the dispute before the strike.
Samsung and its union have had ongoing negotiations and strikes in 2024, but large-scale strikes are rare for Samsung.
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Keir Starmer announced that the planned increase in fuel duty will be canceled, and the current lower fuel tax will continue until the end of the year. He also said haulage businesses will get a 12-month exemption from vehicle tax to help with rising costs caused by global events.
Key Facts
The 5p temporary cut in fuel duty, originally set to end in September, will be extended through the rest of the year.
Haulage companies will get a one-year break from paying vehicle tax.
Chancellor Rachel Reeves will announce more support measures soon.
The government had previously planned to end the 5p cut after nine months.
Fuel prices have increased partly because of conflict involving the US, Israel, and Iran.
The freeze on fuel duty and tax breaks are aimed at helping families and businesses cope with rising costs.
The freeze could save an average driver £120 over two years and heavy lorry owners £600 over one year.
The government links these measures to a strong UK economy and ongoing global uncertainties.
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Public pension boards face a structural problem in how they manage pensions, which leads to a lack of accountability. This issue is not caused by political party differences but is built into the system itself.
Key Facts
Public pension boards manage retirement funds for public employees.
There is a gap in accountability in how these boards operate.
The problem is structural, meaning it is part of the system’s design.
The issue is not related to political party conflicts.
This gap affects the management of pensioners' money.
It may cause decisions that do not fully protect pensioners' interests.
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The U.S. aviation industry is preparing for a busy summer due to large events like the FIFA World Cup and America 250 celebrations. Airlines expect more passengers and cargo shipments but face challenges like global political problems and changing fuel prices.
Key Facts
The summer will feature big events, increasing air travel demand.
The FIFA World Cup will take place in the U.S.
America 250 celebrations mark the country’s 250th anniversary.
Airlines expect record levels of passengers and air cargo.
All 50 U.S. states have average gas prices above $4 per gallon, with some states over $5 per gallon, according to AAA. Higher fuel prices are linked to the ongoing war with Iran and are increasing costs for businesses and consumers.
Key Facts
The national average price for a gallon of gas is $4.56.
California has the highest gas price at $6.15 per gallon.
Georgia has the lowest gas price at $4.01 per gallon.
Seven states have gas prices over $5 per gallon.
Gas prices have gone up by 53% since the war with Iran began.
The war is causing extra costs for small businesses and contributing to inflation.
Analysts warn gas prices could rise above $5.03 if the Strait of Hormuz stays closed.
Some southern states recently had gas prices just under $4 per gallon before rising.
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The chief executive of Marks & Spencer (M&S), Stuart Machin, criticized a government idea to set voluntary price caps on essential food items, calling it “completely preposterous.” He urged the government to reduce taxes and regulations instead, explaining that M&S already makes little or no profit on some basic products. M&S also revealed lower profits due to a cyber-attack and plans to invest in technology and new stores to support future growth.
Key Facts
M&S CEO Stuart Machin opposes government voluntary price caps on basic food items like milk and bread.
He says M&S loses money on some essentials and only makes small profits on others.
Machin suggests cutting taxes and regulations to help businesses instead of controlling prices.
M&S faces extra costs from a new packaging tax (£40m), national insurance changes (£50m to £100m), and supplier price increases due to Middle East conflict.
Profits dropped 23.8% to £671 million last year, partly because of a cyber-attack that cost £131.3 million.
Food sales grew 7%, but sales in fashion, homewares, beauty, and international markets fell.
M&S plans to invest in technology, automated distribution centers, and new food stores to boost growth.
Analysts warn M&S profits may be lower than expected due to ongoing higher costs and government tax levies.
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After long talks, the European Union agreed to approve a trade deal made with the United States in July 2025. This decision comes as President Donald Trump threatened to raise taxes (tariffs) on European cars to 25% if the deal was not approved by July 4.
Key Facts
EU Parliament and EU Council representatives held five-hour talks and agreed to move forward with the trade deal ratification.
The trade deal was originally reached between the EU and US in July 2025.
President Donald Trump warned that he would increase tariffs on EU cars to 25% if the deal was not implemented by July 4, 2026.
The EU delayed other trade decisions due to political pressure and negotiations linked to the US deal.
The story also mentioned ongoing labor talks at Samsung and other business news, but the main focus is on EU-US trade relations.
The trade deal aims to reduce trade barriers and improve economic relations between the EU and the US.
Tensions around the deal highlight the use of tariffs as a negotiation tool in international trade.
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Marcus Breitschwerdt is the CEO of Mercedes-Benz’s Heritage division, which preserves and promotes the company’s long history. He has developed the Heritage unit into a business that sells restored parts, classic cars, and premium experiences, connecting the brand’s past with its current and future customers.
Key Facts
Marcus Breitschwerdt leads Mercedes-Benz’s Heritage division, focusing on the company’s history and legacy.
The Heritage unit preserves Mercedes-Benz’s heritage dating back to 1886, the start of the automobile.
This division is run as a business, selling restored parts, classic cars, and offering restoration services.
Spare parts for older cars are often remanufactured to original Mercedes-Benz standards.
The Heritage business supports brand value, trust, and makes new models more appealing.
Breitschwerdt expanded Mercedes-Benz Heritage’s presence globally, including in the U.S.
The Heritage division takes part in famous auto events worldwide like Pebble Beach and Goodwood.
It combines physical locations, customer experiences, and online services to maintain interest in classic Mercedes vehicles.
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Mercedes-Benz has developed a new battery-electric version of its GLC model that cuts its carbon footprint by two-thirds compared to the gas-powered version. The company set strong sustainability goals for its design, production, and materials, focusing on reducing emissions and using recycled or renewable materials without losing luxury or performance.
Key Facts
The GLC 400 4MATIC with EQ Technology reduces its total carbon footprint by about 66% over its lifecycle compared to the gasoline GLC.
Mercedes achieved a 23% drop in emissions during the vehicle’s production.
Each battery cell’s carbon footprint was cut by 40%.
Two-thirds of the aluminum used in the car comes from renewable energy processes or recycled sources.
The new GLC includes five times more thermoplastic parts than the older model, using recycled and reused plastic materials.
The vehicle contains around 661 pounds (300 kilograms) of plastic, with 134 pounds (61 kilograms) made from recycled content.
Mercedes sources battery cells produced with net zero carbon emissions.
A partnership with Norsk Hydro ASA allows Mercedes to use aluminum with up to 90% less CO2 emissions compared to the European average by 2030.
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