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A $50,000 home equity loan opened in September 2026 will cost between about $484 and $612 per month, depending on the loan term. Interest rates for these loans are currently around 8.21%, making it an affordable borrowing option compared to other types of debt like credit cards.
Key Facts
The average interest rate for a home equity loan is 8.21% as of August 24, 2026.
Monthly payments for a $50,000 loan at 8.21% are about $612 for a 10-year term and $484 for a 15-year term.
These rates and payments are similar to those at the start of 2026 but lower than rates seen in September 2024 and 2025.
Home equity loans have fixed interest rates, which means the monthly payments generally stay the same during the term.
Home equity loans use your house as collateral, so if payments are not made, the lender can take the property.
It’s important to shop around for the best rates, as lenders may raise rates if the Federal Reserve increases interest rates.
Home equity loans can be cheaper than credit cards or personal loans right now because of lower interest rates.
Borrowers should make sure they can comfortably afford the loan payments before applying.
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Officials from Paramount and California Attorney General Rob Bonta canceled a planned meeting due to disagreements over Paramount’s proposed large merger with Warner Bros. Discovery. Attorney General Bonta said Paramount shared private meeting information with the media, which caused further tension.
Key Facts
Paramount and California Attorney General Rob Bonta’s office canceled a meeting scheduled for Monday.
The meeting was about Paramount’s planned merger with Warner Bros. Discovery.
There are ongoing tensions between Paramount and the Attorney General’s office.
Attorney General Bonta accused Paramount of leaking details from a previous meeting to the media.
The merger is described as a “mega-merger,” meaning it is very large and significant.
The disagreement involves legal concerns over the merger.
Paramount is a large media company seeking to combine with another major company.
The California Attorney General is involved because the merger has legal and regulatory implications in the state.
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The United Auto Workers (UAW) union rejected Deere’s proposed contract extension that included wage increases and bonuses. Deere is experiencing strong sales growth due to demand for construction equipment used in building AI data centers, but the union wants a better deal focused on job security.
Key Facts
UAW members voted against Deere’s offer to extend their contract through 2029.
The rejected offer included a 4% yearly wage increase and $3,000 bonuses.
Deere’s sales in construction and forestry rose 18% in 2026, with operating profits up 84%.
Deere’s stock price increased 40% in 2026 amid high demand tied to AI data centers.
UAW president Shawn Fain criticized Deere’s layoffs and pushed for stronger job security.
Deere plans to resume contract talks before the current agreement expires in October 2027.
The labor dispute could impact equipment availability, affecting AI data center construction.
UAW’s Shawn Fain gained recognition after leading a major 2023 strike at auto companies.
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The Reform UK party has announced a plan to evict social housing tenants if they do not keep their gardens and homes well maintained. The party also wants to prioritize social housing for British-born married couples with children and remove foreign nationals from social housing.
Key Facts
Reform UK says social housing tenants must maintain their homes and gardens or face eviction.
The party wants new social homes to go first to British-born married couples with children.
Foreign nationals currently in social housing would be forced to leave under the plan.
People born abroad to British parents temporarily overseas would still count as British-born.
The party plans to increase social housebuilding by allowing housing associations to borrow more money.
Housing associations have warned that borrowing more could cause financial problems.
Reform UK leaders say they want to promote marriage through their housing policy.
Currently, housing associations build most social homes but have financial constraints on borrowing.
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The Federal Trade Commission (FTC) said Redfin and Zillow must change their agreement because it reduced competition in the rental housing market. The FTC settled an antitrust lawsuit that claimed Zillow paid Redfin to limit rental listings and give Zillow exclusive apartment ads, which hurt renters and property managers.
Key Facts
The FTC filed an antitrust lawsuit against Zillow and Redfin last year.
Zillow paid Redfin $100 million to stop Redfin’s multifamily rental listing services.
Redfin agreed to repost Zillow’s apartment listings only and transfer ad contracts to Zillow.
The FTC settlement requires them to remove parts of the agreement that reduce competition.
Redfin must increase its rental listings to give renters more housing options.
The deal was made shortly before the trial was set to start in Virginia.
The FTC said more competition will lower prices and help renters and property managers.
Redfin can keep working with Zillow through 2030 while also building its own rental business.
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The article reports that the summer movie season is experiencing strong growth at the box office. This means more people are going to theaters to watch movies, leading to higher earnings.
Key Facts
The summer movie season is showing increased ticket sales.
More audiences are attending theaters this season.
Higher box office earnings are being recorded.
The trend reflects a boost in the movie industry’s performance during summer.
The report was shared by Sophie Flay on "GMA" Pop News.
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The Campaign for Real Ale (Camra) has seen its membership fall to the lowest level in eight years and reported an £800,000 loss last year. Camra says big international brewing companies dominate pubs, making it hard for small brewers to compete and limiting the availability of traditional real ale in many venues.
Key Facts
Real ale is a traditional beer kept live in its cask, different from fizzy lagers made by large companies.
Camra’s membership has dropped to an eight-year low.
Camra lost £800,000 in the last financial year.
Large multinational brewers control much of the beer market and influence pub offerings.
Many pubs must buy minimum amounts of certain products and have long-term contracts with big suppliers.
Some pubs remove popular independent beers to meet these minimum purchase requirements.
Camra wants the Competition and Markets Authority to investigate the market dominance of big brewers.
Camra canceled its major Great British Beer festival indefinitely due to financial problems.
Independent pubs like King Charles I can still offer a variety of cask ales and support local breweries.
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A 9-month certificate of deposit (CD) and a high-yield savings account currently offer the same interest rate around 4.10% for a $10,000 deposit. While the CD has a fixed rate and no access to funds until maturity, the savings account offers variable rates and easy access, making it possible to benefit from future rate changes.
Key Facts
A 9-month CD currently offers about a 4.10% interest rate.
A high-yield savings account also offers around 4.10% interest right now.
Both accounts would earn approximately $306 on a $10,000 deposit over nine months if rates hold steady.
CDs lock money in until the term ends, and early withdrawals can result in losing earned interest.
High-yield savings accounts have variable rates that can rise or fall and allow withdrawals without penalties.
There are three Federal Reserve meetings planned in 2026 that might change interest rates.
Splitting money between a CD and a savings account can provide some fixed return while maintaining access to some funds.
Savers should consider their need for access and possible future rate changes before choosing between these accounts.
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Trade talks between the U.S. and Canada have broken down, leading to new tariffs on billions of dollars of goods. Both countries are preparing to impose more tariffs, raising concerns about increased costs and economic problems. At the same time, the U.S. is planning new tariffs on China and sanctions on Iran, which could add to global economic risks.
Key Facts
U.S.-Canada trade talks ended without a deal, triggering 50% tariffs on about $20 billion of Canadian products like wine, cement, and dairy.
These tariffs do not exempt goods covered under the U.S.-Mexico-Canada Agreement, unlike past tariffs.
President Trump announced plans to double tariffs on cars and trucks to 50%, effective in 2027.
Canada plans retaliatory tariffs on U.S. products including steel, dairy, appliances, and electronics starting September 8.
Both sides blame each other for the failure of talks, with Canada accusing the U.S. of making unfair last-minute demands.
The continued tariffs threaten to increase prices and disrupt efforts to reduce inflation.
The U.S. plans to impose additional tariffs on Chinese goods amid concerns about excess Chinese exports.
The U.S. Treasury is expected to announce sanctions on Iran and on entities that do business with Iran, described as "economic D-Day" by President Trump.
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Target removed a children's Halloween costume from its website after people said it looked like racist blackface imagery. The company apologized and said the costume was offensive and should not have been sold.
Key Facts
The costume was called the "Kids' Glows Under Blacklight Circus Clown Halloween Costume Bodysuit."
It was sold for $25 as part of Target's Hyde & EEK! Boutique Halloween collection.
Social media users compared the costume to racist blackface and minstrel-era images from history.
Target took the costume off their website and apologized for the mistake.
The company said it is reviewing how the costume was approved to prevent similar issues.
The controversy came during a time when Target was already facing criticism over changes to its diversity initiatives.
Some customers called for a boycott of Target in response to the costume and previous controversies.
Target has struggled with customer trust and sales in recent years partly because of these issues.
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Network Rail is suing two rail companies, DB Cargo UK and Touax Rail, for more than £5 million after a train derailment in 2020 caused a large fuel spill. The accident led to a fire, forced evacuations, and damage to protected wetlands. Network Rail claims the derailment was caused by poor maintenance of a wagon’s wheels.
Key Facts
The derailment happened near Llangennech, Carmarthenshire, in August 2020.
Ten of the 25 wagons derailed, spilling 446,000 litres of fuel.
About 300 people had to leave the area because of a fire caused by the fuel spill.
116,000 litres of fuel caught fire, while 330,000 litres leaked into protected wetlands.
The Rail Accident Investigation Branch found the accident was caused by locked wheels due to brake defects linked to poor maintenance.
Network Rail says Touax Rail did not properly maintain the wagons, and DB Cargo UK failed in their duty to keep them in good condition.
The railway line was closed for six months and reopened fully nearly a year later after cleaning up 30,000 tonnes of fuel-contaminated soil.
Network Rail expects to recover over £5 million in damages from the two companies.
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The United States Trade Representative, Jamieson Greer, said that talks with Mexico about trade are going well. However, talks with Canada are currently paused as the two countries face a growing disagreement over trade issues and the possibility of new tariffs.
Key Facts
Jamieson Greer is the United States Trade Representative.
Trade talks between the U.S. and Mexico are described as "constructive," meaning they are positive and productive.
Trade talks with Canada are currently suspended, which means they are temporarily stopped.
There is a dispute growing between the U.S. and Canada concerning trade matters.
The U.S. is considering imposing more tariffs, which are taxes on imported goods, on Canada.
The situation reflects ongoing trade tensions among North American countries.
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Bon Appétit magazine has announced its list of the best new restaurants in the United States for 2026. The magazine’s Editor-in-Chief Jamila Robinson and chef Paul Carmichael talked about these new restaurants on CBS News.
Key Facts
Bon Appétit is a food and dining magazine.
The magazine released a list of top new restaurants for the year 2026.
The list focuses on new restaurants in the United States.
Jamila Robinson is the Editor-in-Chief of Bon Appétit.
Paul Carmichael is a chef associated with the Kabawa restaurant.
Both Robinson and Carmichael appeared on CBS News to discuss the list.
The discussion highlighted fresh additions to the restaurant scene.
The information was shared through CBS News broadcast and app.
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President Donald Trump announced he will raise tariffs on Canadian cars and trucks to 50 percent starting January 1, 2027, and impose new 50 percent tariffs on auto parts from Canada. This move follows failed trade talks between the United States and Canada and aims to pressure Canada, which has strongly integrated trade with the US in the auto sector.
Key Facts
President Trump plans to double tariffs on Canadian cars and trucks to 50 percent from January 1, 2027.
New 50 percent tariffs will be applied to Canadian auto parts, which have not faced such tariffs before.
These tariffs follow the collapse of recent trade negotiations between the US and Canada.
Canada is one of the US’s top two trading partners, with nearly $872 billion in goods and services traded last year.
Most Canadian exports go to the US, and many US imports come from Canada, especially in the auto industry.
The US and Canadian auto industries are highly connected, so tariffs could disrupt US auto production.
Canada has prepared retaliatory tariffs on some US goods in response to the US tariffs.
Auto industry leaders expressed doubt about the tariffs happening as threatened and noted such tariffs could trigger strong Canadian responses.
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Households in Great Britain could owe up to £7 billion to energy suppliers by the end of 2024 due to rising gas and electricity prices. Energy UK, an industry group, says bills will increase as the government’s price cap is expected to rise, and many families are already struggling to pay their energy debts.
Key Facts
Energy debt owed by households in Great Britain was £6 billion at the end of June 2024.
This debt could grow by another £1 billion, reaching £7 billion by the end of the year.
Rising gas prices, influenced by conflicts in the Middle East, are the main cause of higher energy costs.
The government is likely to raise the energy price cap by 4% from October 2024.
The price cap increase will cancel out the effect of a planned VAT cut on electricity bills.
Typical household energy bills may reach around £1,729 a year under the new price cap.
Energy UK recommends a targeted “social discount tariff” to help low-income households.
Unpaid energy bills add about £50 per year to normal bills for all consumers due to cost spreading.
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President Donald Trump said on Monday that he may add a 50% tax on cars, car parts, and steel from Canada starting next year. This announcement comes as the trade disagreement between the U.S. and Canada is becoming more serious.
Key Facts
President Trump threatened to impose a 50% tariff on Canadian cars, car parts, and steel.
The tariff could start next year.
The threat is part of a growing trade conflict between the U.S. and Canada.
Tariffs are taxes on imported goods meant to protect domestic industries.
Canada is a major trading partner for the United States, especially in the automotive and steel industries.
This action could affect businesses and consumers in both countries.
The trade tensions reflect ongoing disagreements over trade policies and agreements.
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Mike D 5D, the solo project of Michael Diamond from the Beastie Boys, released his first solo album titled "Thank You." The album features experimental sounds and includes contributions from his sons and other musicians, blending glitchy and energetic styles.
Key Facts
The album "Thank You" is Mike D 5D’s debut solo work.
Michael Diamond was a member of the Beastie Boys.
This is the first new music from the Beastie Boys’ circle since Adam “MCA” Yauch's death in 2012.
The album includes contributions from his sons Skyler and Davis Diamond, and musicians Eddie Ruscha, Will Graefe, and Milo Ruscha.
It features glitchy beats, stuttering drum and bass, and distressed vocals.
Some tracks, like “I Don’t Care,” are praised for their thoughtful lyrics and production.
Other songs, such as “Secrets Pt. II” and “Crypto,” received mixed reviews for repetition and melodic issues.
The album is seen as an experimental and inventive effort exploring new musical ground beyond the Beastie Boys’ previous style.
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The article provides a forecast for Labor Day travel and tips on how travelers can save money on their bookings later this year. It also includes information about current events and news headlines related to weather, politics, and other topics.
Key Facts
Labor Day is a popular travel period in the U.S., prompting forecasts of travel conditions.
The article offers strategies for saving money on future trip bookings.
There are warnings of severe storms and flooding in several U.S. regions during this time.
Dangerous heat conditions continue in the southern U.S.
Hawaii is expected to experience heavy rain from Tropical Storm Moke.
President Donald Trump is hosting events and involved in trade and tariff discussions.
The Dow Jones Industrial Average is mentioned, indicating economic interest.
The article references several ongoing news stories, showing a broad news roundup.
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President Donald Trump is putting new taxes, called tariffs, on goods from Canada because trade talks stopped. The White House is also getting ready to add more penalties on Iran. Experts discuss how these actions could affect prices for American shoppers.
Key Facts
President Trump is imposing tariffs on products from Canada.
Trade discussions with Canada have stopped without an agreement.
The U.S. government plans to add new sanctions on Iran soon.
Tariffs are taxes on imports designed to protect local businesses or influence trade.
Sanctions are penalties that restrict trade or financial activities to change a country's behavior.
These economic moves might lead to higher prices for American consumers.
Experts are analyzing how these policies could impact the U.S. economy.
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A $40,000 certificate of deposit (CD) with a 5-year term can earn savers about $9,100 to $9,500 in interest by the end of the term, depending on the interest rate. CDs offer fixed interest rates and require money to be locked in for the full period, while high-yield savings accounts offer variable rates and easier access to funds.
Key Facts
A 5-year CD locks in money for five years with a fixed interest rate.
Early withdrawals from CDs usually come with penalties that can cancel out interest earnings.
Current 5-year CD interest rates range between 4.20% and 4.35%.
At these rates, a $40,000 deposit can earn around $9,100 to $9,500 after five years.
CDs provide predictable returns, unlike stock market investments which may be higher but less certain.
High-yield savings accounts offer similar rates but with variable interest and no penalty for withdrawals.
Savers should compare rates from different banks before choosing a CD or savings account.
Online tools make it easy to check and compare current interest rates and terms.
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