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Business news, market updates, and economic developments
In-N-Out Burger opened its first three restaurant locations in Tennessee, specifically in the greater Nashville area, in December 2025. Each restaurant will employ around 75 workers and feature a drive-thru, indoor seating, and a patio area. This expansion is part of In-N-Out's wider plan to open more locations and establish an office in Franklin, Tennessee, by 2026.
Key Facts
In-N-Out Burger has opened its first locations in Tennessee in three cities: Lebanon, Antioch, and Murfreesboro.
The restaurants opened on December 10 and 12, 2025.
Each restaurant will hire about 75 workers and pay them $17.50 per hour.
The new locations will have a drive-thru and seating for customers inside and outside.
In-N-Out plans to set up an eastern territory office in Franklin, Tennessee, by 2026.
The expansion into Tennessee is part of a plan to open 35 restaurants in the state.
After the new openings, In-N-Out will have 430 locations across 10 states.
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The hospitality industry, including large resort and casino companies like Las Vegas Sands and Caesars Entertainment, is working to be more environmentally friendly. These companies are recognized for their efforts to cut down on energy use and implement sustainability plans despite their large operations. The challenge of managing big properties is offset by opportunities to test and lead in green technologies.
Key Facts
The hospitality sector accounts for about 3% of global carbon emissions yearly.
Newsweek ranked Las Vegas Sands as the top responsible company in its industry list for 2026.
Caesars Entertainment also made the list, ranking 8th among hospitality companies.
Las Vegas Sands and Caesars have been recognized by Newsweek in previous years for their sustainability efforts.
Leaders at Sands and Caesars have been developing sustainability programs for over a decade.
Large properties allow Sands to test and implement green technologies like LED lighting systems.
Sands faces challenges in finding renewable energy sources, especially in locations like Singapore.
Caesars operates 38 properties across 18 U.S. states and Canada, enhancing its green initiatives.
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The price of silver has reached a record high, surpassing $60 per ounce. This increase is due to expected interest rate cuts by the U.S. Federal Reserve and high demand from the technology industry. As interest rates come down, investors often buy silver as a safer investment option.
Key Facts
Silver's price hit over $60 an ounce on the spot market for the first time.
Demand for silver is strong because it is used in technology, such as electric vehicles and solar panels.
The U.S. Federal Reserve is expected to cut interest rates, leading investors to buy silver and other precious metals.
As interest rates decrease, the return on cash and short-term bonds lessens, making silver more attractive.
Gold has also seen price increases due to similar economic concerns and investor behavior.
Silver production has decreased in recent years due to low investment and mine closures.
Manufacturers are trying to secure silver supplies to avoid production disruptions.
Silver's price has more than doubled this year, rising faster than gold.
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Newsweek's holiday gift guide for 2025 highlights luxury and high-tech items for both men and women. The list includes advanced coffee machines, designer watches, smart rings, and scented candles. These curated gifts aim to appeal to people who enjoy high-end, sophisticated products.
Key Facts
Newsweek provided a holiday gift guide featuring luxury and innovative products.
The guide includes the JURA Z10 coffee machine, known for brewing both hot and cold beverages.
Patek Philippe presents a rose gold watch with unique gemstone details.
The guide features an LED therapy face mask for at-home beauty treatments.
A silk pajama set is available, combining comfort with a luxury feel.
Gifts for him include scented cologne and a functional photography backpack.
The OURA Ring smartly tracks health metrics like heart rate and body temperature.
The guide also highlights a mechanical pen and a sophisticated ceramic watch.
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Canadian airline Air Transat and the union representing its pilots have reached a tentative agreement, preventing a planned strike. This agreement now awaits a vote from over 750 pilots, and Air Transat intends to resume normal operations.
Key Facts
Air Transat and its pilots' union have reached a tentative agreement.
A planned strike by the pilots, which would have started Wednesday, is now avoided.
The pilots' union claims the current contract falls behind industry standards.
The agreement aims to improve job security, pay, and schedule flexibility for pilots.
Over 750 pilots will vote on the new agreement.
Air Transat had planned to reduce flights due to the expected strike.
Negotiations lasted 11 months before this agreement was reached.
Earlier this year, Air Canada flight attendants also went on strike, but later reached an agreement.
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Some bottles of Disaronno almond liquor are being recalled in England and Scotland because they might have small pieces of glass in them. The recall includes specific batches identified by codes on the bottles, and notices are placed in stores to guide customers. This recall is due to a problem that occurred during the bottling process.
Key Facts
Disaronno has recalled 700ml bottles of its liquor due to possible glass contamination.
The recall affects bottles sold in England and Scotland.
The Food Standards Agency issued the recall notice.
Illva Saronno, the company that owns Disaronno, identified an issue with the bottling process.
Affected batch codes are 25374, 25375, 25381, 25382, 25435, 25442, and 25444.
Notices in stores inform customers about the recall.
A similar recall was issued in the Republic of Ireland for the same reason.
Recalls like this can happen for various reasons and are not uncommon.
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Before Netflix purchased Warner Bros. for $82.7 billion, it almost bought a major video game company, Electronic Arts (EA). However, the deal did not go through, and EA chose to go private with another group.
Key Facts
Netflix acquired Warner Bros. for $82.7 billion.
Netflix considered buying Electronic Arts, a big video game company.
Electronic Arts was founded in 1982 and is known for sports video games like Madden NFL and NBA 2K.
The deal between EA and Netflix did not proceed.
EA agreed to a $55 billion deal to go private with a group backed by Saudi Arabia's Public Investment Fund.
The deal for EA to go private is expected to finalize in the summer of 2026, pending regulatory approval.
Netflix is involved in acquiring major media assets and plans to expand further.
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The Bank of England's deputy governor stated that the Budget announced by the chancellor could lower inflation by 0.5% starting in 2026. Measures like capping fuel duty and reducing energy prices are expected to help slow price increases. The Office for Budget Responsibility forecasts a 0.4% reduction in inflation due to these measures.
Key Facts
The deputy governor of the Bank of England believes the Budget could reduce inflation by 0.5%.
Measures to control inflation include capping fuel duty and cutting energy prices.
The Office for Budget Responsibility predicts a 0.4% inflation drop from these actions.
UK inflation is currently at 3.5%, with expectations to lower to 2.5% next year.
Inflation is projected to meet the Bank of England's 2% target by 2027.
The Chancellor's Budget extends a 5p fuel duty cut and removes certain green levies from energy bills.
Rail fares are frozen until March 2027, despite typically rising yearly.
The government plans a new road tax for electric and plug-in hybrid vehicles starting in April 2028.
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GoFundMe reported a 20% increase in fundraisers for basic needs like housing and food in 2025. This trend reflects growing concerns about affordability in places like the United States, Canada, and the UK. Many people are using crowdfunding to manage rising living costs amid economic challenges.
Key Facts
The number of fundraisers for essential expenses on GoFundMe increased by 20% in 2025.
"Monthly bills" was the second fastest-growing category for fundraisers, after support for nonprofits.
Major English-speaking regions like the U.S., Canada, UK, and Australia saw a rise in such fundraisers.
Economic issues like low wage growth, higher unemployment, and low consumer confidence were noted in the U.S.
GoFundMe reported a sixfold increase in food-related fundraisers as monthly SNAP benefits were cut off during a government shutdown.
Crowdfunding has shifted from funding entrepreneurial efforts to helping with basic needs.
Many struggling individuals, like Iesha Shepard, turn to crowdfunding as a last resort.
Successful crowdfunding often requires internet access, storytelling skills, and strong social networks.
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Over a million Americans have lost their jobs this year, marking the highest number of layoffs in five years, excluding the initial coronavirus pandemic period. Employers announced over 71,000 job cuts in November, continuing a trend of increased layoffs. Factors affecting this trend include higher costs and companies' increased use of technology like AI.
Key Facts
Over 1 million American workers have been laid off this year.
The current number of layoffs is the highest since the COVID-19 pandemic's onset.
In November, 71,321 job cuts were announced by U.S. employers.
Job cuts in November increased by 24% compared to the same month last year.
A total of 1.17 million job cuts have been announced up through November.
The 2023 layoffs are the highest since the month of November in 2020.
Companies are increasingly relying on AI and automation.
Higher consumer costs and interest rates are slowing down spending.
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A report has revealed that almost £11 billion meant for Covid support schemes was lost to fraud or mistakes, and most of it can't be recovered. A lack of oversight and poor data management during the pandemic contributed to the issue. The report also covers unrelated topics, including a review of maternity care issues in England.
Key Facts
A report found that nearly £11 billion was lost through Covid support scheme frauds or errors.
Most of the missing money is believed to be unrecoverable.
The Covid Counter Fraud Commissioner highlighted issues like poor data and contracting as main causes.
Other discussed topics include a review into maternity care in England reporting severe issues like poor conditions.
The maternity care review was initiated by the Health Secretary.
The podcast episode is part of the Newscast series, focusing on daily political news analysis.
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A U.S. court ruled that President Donald Trump's ban on new wind energy permits was "unlawful." The executive order, issued in January, had stopped several wind projects. A Massachusetts judge said the order lacked proper reasoning and was against the law.
Key Facts
President Trump signed an order in January stopping federal approval of new wind projects.
This order affected both offshore and onshore wind energy projects in the U.S.
17 states and a New York clean energy group sued, particularly due to the impact on the Empire Wind project.
A judge overturned the order, stating it was arbitrary and against the law.
The judge noted that federal agencies didn’t provide a good reason for the ban.
New York led the lawsuit after the Empire Wind project was halted.
The court ruling allows work on some projects to continue.
Trump's order was part of his broader support for fossil fuels over wind energy.
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Starbucks workers and union members in ten countries plan to protest in support of U.S. baristas demanding better pay and working conditions. Strikes in the U.S. have grown to involve 3,000 baristas in over 100 cities. Starbucks claims most of its stores remain unaffected, while the U.S. union aims to pressure the company to improve negotiations.
Key Facts
Workers and union members in ten countries are protesting in support of U.S. Starbucks baristas.
The U.S. union, Starbucks Workers United, says 3,000 baristas in over 100 cities are striking.
Baristas demand better pay, more staffing, and resolution of labor practice claims.
Starbucks says most stores are open and continue to operate normally.
The international protest includes workers from England, Scotland, Australia, Brazil, and more.
Starbucks is working to address company challenges, including past consumer boycotts and leadership changes.
The U.S. union has won elections at over 600 Starbucks locations since forming four years ago.
Tensions over pay and labor practices persist despite mediation attempts.
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China's trade surplus reached $1 trillion for the first time. This happened as China increased exports and slightly reduced imports despite ongoing global trade tensions. Key export growth was seen in high-tech goods and electric vehicles.
Key Facts
China’s trade surplus is $1 trillion, the largest it has ever been.
In the first 11 months of this year, China’s exports reached $3.4 trillion.
Imports during the same period slightly decreased to $2.3 trillion.
China increased its trade with markets outside the US, focusing on Southeast Asia and the European Union.
High-tech goods and electric vehicles were significant contributors to export growth.
Semiconductor exports rose by 24.7% over the year.
China’s shipbuilding exports increased by 26.8%.
Chinese exports to the US have decreased by 29% due to tariffs, but some goods are being rerouted through countries like Indonesia and Vietnam.
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Conservative leader Kemi Badenoch expressed concerns about raising the minimum wage further, suggesting businesses might struggle to afford it. She noted that many businesses had to lay off staff following earlier wage increases. The minimum wage is set to increase to £12.71 an hour for workers over 21 starting in April.
Key Facts
Kemi Badenoch is the leader of the Conservative Party.
Badenoch questioned if businesses could afford higher minimum wages.
She mentioned businesses had layoffs after previous wage increases.
The current plan is to raise the minimum wage to £12.71 an hour for workers over 21 starting in April.
Wages for 18-20 year-olds will rise by 8.5% to £10.85 per hour.
The minimum wage for 16 and 17-year-olds and apprentices will increase by 6% to £8 per hour.
Badenoch advocated for reduced regulation and taxation burdens on businesses.
She emphasized listening to businesses about wage affordability.
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Paramount Skydance has made a $108.4 billion bid to take over Warner Bros. Discovery (WBD), which could give the Ellison family significant control over major U.S. entertainment assets. This potential merger is drawing attention from lawmakers and regulators concerned about media consolidation and market competition. The proposal competes with a separate $83 billion offer from Netflix for parts of WBD.
Key Facts
Paramount Skydance, formed from the merger of several companies, is led by David Ellison with financial backing from Larry Ellison.
Paramount's offer is an all-cash bid of $30 per share for the entire WBD, totaling about $108.4 billion.
The deal involves control over studios, cable networks, and streaming services owned by WBD.
Netflix has offered $83 billion to acquire part of WBD, focusing on streaming and entertainment assets.
If successful, the Paramount takeover would give control of major film and TV production companies and networks like CBS, HBO, and CNN.
The bid is backed by $54 billion in debt commitments from major banks and equity from various investors, including Jared Kushner’s Affinity Partners.
Concerns have been raised about media consolidation and the influence of single-family control over major news and entertainment channels.
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Luigi Mangione appeared in court during a pretrial hearing related to the murder of UnitedHealthcare CEO Brian Thompson. The hearing focused on the legality of evidence collected during Mangione's arrest in Pennsylvania. Testimonies from police officers and a district attorney discussed Mangione's arrest and the items found in his possession.
Key Facts
Luigi Mangione is involved in a pretrial hearing for his arrest connected to the murder of UnitedHealthcare CEO Brian Thompson.
Mangione was arrested in Altoona, Pennsylvania, five days after Thompson was shot at a conference in Manhattan.
Altoona Police Officer Stephen Fox testified about arresting Mangione, noting he lied about his identity and seemed uneasy.
Mangione was read his Miranda rights and detained on several charges, including forgery and carrying firearms without a license.
Two search warrants allowed officers to seize Mangione’s belongings, which included a gun magazine, a knife, and electronic devices.
Prosecutors released evidence including handwritten notes and a map of Pittsburgh found on Mangione.
Photos of the gun allegedly used in the murder and a manifesto in Mangione’s possession were presented in court.
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The article discusses the importance of maintaining tariff-free trade for aerospace products in the United States. It highlights how this strategy supports millions of jobs, boosts American competitiveness, and strengthens the national economy. The article also emphasizes the need for modernizing air traffic control to ensure safety and efficiency in the aviation system.
Key Facts
The U.S. aviation system faced challenges during a government shutdown, highlighting its importance to everyday life.
Modernizing air traffic control is a priority to improve safety and efficiency in aviation.
The aerospace manufacturing industry supports over 2.2 million American jobs.
Aerospace contributes to 1.5% of the U.S. GDP and creates a $74 billion trade surplus.
Tariff-free trade since 1980 has helped the U.S. aerospace industry thrive.
Recent international agreements maintain tariff exemptions for aerospace products.
These agreements help protect U.S. jobs and maintain competitiveness in global markets.
Tariff-free trade in aerospace is seen as a strategic advantage for the U.S. economy.
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Paramount Skydance has made a takeover bid for Warner Bros. Discovery, which affects CNN and its sister cable networks. CNN staff are uncertain about their future because of management changes and shifts in the media landscape, as streaming services grow and cable networks face challenges. The potential merger could combine CNN with CBS News, altering how news services might operate.
Key Facts
Paramount Skydance has made a hostile takeover bid for Warner Bros. Discovery.
CNN is not part of Netflix's purchase of Warner's studio and streaming businesses.
The takeover bid could lead to a combination of CNN and CBS News.
CNN's ratings have fallen, ranking third among cable news networks.
CNN has launched a new digital subscription service to address streaming challenges.
Paramount's bid needs approval from both shareholders and regulators.
President Donald Trump is connected with Paramount Skydance's chairman but expressed frustration over a recent "60 Minutes" segment.
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A report states that most of the £10.9 billion lost to fraud and errors in UK Covid support schemes cannot be recovered. This loss mainly happened because many organizations were not ready to handle the large and urgent spending required during the pandemic.
Key Facts
The UK lost £10.9 billion to fraud and errors in Covid support schemes.
Employment support, such as furlough, saw about £5 billion in fraud.
Poor planning and lack of controls were main reasons for these losses.
£13.6 billion was spent on personal protective equipment (PPE), with many items unused.
The Bounce Back Loan Scheme had vulnerabilities, losing up to £2.8 billion to fraud.
The government has recovered £1.8 billion of the lost money so far.
A voluntary repayment scheme was started to encourage returning of improperly obtained funds.
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