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Business news, market updates, and economic developments

'Ghost jobs' are everywhere — here's how to avoid falling for them

Summary

The article discusses the issue of "ghost jobs," which are job listings that companies do not intend to fill. It includes an interview with a cybersecurity expert on how job seekers can avoid these scams.

Key Facts

  • "Ghost jobs" are job postings that companies do not plan to fill.
  • These postings can sometimes be scams to collect personal information from job seekers.
  • Legitimate companies may also post jobs they do not intend to fill for various reasons.
  • A cybersecurity expert from the University of Virginia provided tips on recognizing these job listings.
  • The discussion took place on NPR's Weekend Edition Sunday.
  • The expert's name is Chris Maurer.
  • The article was published on November 2, 2025.
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I blew the whistle on a massive tax scam - and they sued me

I blew the whistle on a massive tax scam - and they sued me

Summary

A lawyer named Jas Bains reported a tax scam to Danish authorities and was later sued by them. The case, related to a complex financial trade called cum-ex, involved a hedge fund where Bains previously worked and took years to resolve.

Key Facts

  • Jas Bains reported a £1 billion tax scam to Danish authorities.
  • He was later sued as a part of a £1.4 billion lawsuit by those authorities.
  • The case involved a financial strategy called cum-ex trades, which exploited share transactions to claim tax rebates multiple times.
  • This trading strategy led to significant tax losses across several European countries.
  • Bains worked for Solo Capital, a hedge fund connected to the scam, as head lawyer and later ran its London office.
  • Danish authorities failed to prove that Bains and other defendants were liable for the losses.
  • Bains initially enjoyed a luxurious lifestyle while working at the firm but faced long legal battles after leaving.
  • The case concluded over eight years, one of the UK's highest value civil cases.
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Supreme Court to hear challenges to Trump's tariffs

Summary

The U.S. Supreme Court is set to hear cases about President Trump's tariffs. These cases challenge the wide-ranging tariffs he imposed during his presidency.

Key Facts

  • The Supreme Court will review legal challenges to President Trump's tariffs.
  • Tariffs are taxes on imported goods.
  • The hearings are taking place this week.
  • The cases involve arguments from those affected by the tariffs.
  • Michael McConnell represents one group challenging the tariffs.
  • President Trump imposed these tariffs during his presidency.
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Andrew arranged palace visit for crypto-mining firm which had £1.4m deal with ex-wife

Andrew arranged palace visit for crypto-mining firm which had £1.4m deal with ex-wife

Summary

Andrew Mountbatten Windsor arranged a palace tour for men from a cryptocurrency company connected to his ex-wife Sarah Ferguson. The company agreed to pay Ferguson up to £1.4 million, and the venture eventually failed, losing investors millions. Buckingham Palace is now taking steps to remove Andrew's royal titles following criticism over his associations and financial dealings.

Key Facts

  • Andrew arranged a visit to Buckingham Palace for two men from a crypto-mining firm, while the Queen was in residence.
  • The company, Pegasus Group Holdings, employed Sarah Ferguson as a brand ambassador, promising her payments up to £1.4 million.
  • Pegasus Group Holdings' project failed, acquiring only a small fraction of the planned equipment.
  • Investors lost millions, with a tribunal later awarding them $4.1 million.
  • Buckingham Palace plans to strip Andrew of his royal titles after criticism of his connections.
  • Sarah Ferguson's contract involved fees for luxury travel and appearance services for company events.
  • The crypto-mining venture aimed to use solar power to mine Bitcoin but did not achieve its goals.
  • Sarah Ferguson met Jay Bloom, a co-founder of Pegasus, during a book promotion event, leading to their business partnership.
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Supreme Court Faces Decision on Major Donald Trump Policy This Week

Supreme Court Faces Decision on Major Donald Trump Policy This Week

Summary

The U.S. Supreme Court will listen to cases about President Donald Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs. This legal challenge involves family-owned businesses and a wine importer opposing tariffs affecting their costs. The core issue is whether Trump can use IEEPA to set tariffs without Congress.

Key Facts

  • The Supreme Court is examining President Trump's use of a 1977 law to impose tariffs.
  • Trump used the IEEPA to set tariffs on countries like China without Congress.
  • The cases include Learning Resources Inc. and V.O.S. Selections Inc., both impacted by these tariffs.
  • The U.S. Court of International Trade previously ruled against Trump, citing Congress' power to set tariffs.
  • The dispute is over whether the IEEPA gives the President power to bypass Congress in imposing tariffs.
  • Trump's tariffs have affected several businesses, raising their import costs significantly.
  • The Court hearing takes place amid a conservative majority on the bench, with Trump having appointed three justices.
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Popular Midwest Donut Chain Files for Chapter 11 Bankruptcy

Popular Midwest Donut Chain Files for Chapter 11 Bankruptcy

Summary

Jack's Donuts of Indiana has filed for Chapter 11 bankruptcy, which allows them to reorganize and pay their debts while keeping their business running. The parent company owes $14.2 million but only has $1.4 million in assets. Despite financial issues, Jack's Donuts says their stores will stay open and individual franchise locations are not part of the bankruptcy case.

Key Facts

  • Jack's Donuts of Indiana filed for Chapter 11 bankruptcy in Indiana.
  • The company owes $14.2 million but only has $1.4 million in assets.
  • Jack's Donuts operates 24 locations, with 14 owned by independent franchisees.
  • The bankruptcy applies to the corporate commissary, not individual franchises.
  • Franchisees accused the CEO, Lee Marcum, of misusing funds and mismanagement.
  • Old National Bank is seeking $3.4 million due to loan defaults.
  • Jack's Donuts' stores remain open despite the bankruptcy filing.
  • The Indiana Secretary of State's office issued a cease-and-desist order to prevent Marcum from selling unregistered securities.
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U.S. home turnover rate at lowest level in decades as housing slump drags on, analysis finds

U.S. home turnover rate at lowest level in decades as housing slump drags on, analysis finds

Summary

The rate at which homes in the U.S. are being sold is at its lowest level in nearly 30 years. This drop is linked to a slower job market and higher mortgage rates, which makes it difficult for people to move or afford new homes.

Key Facts

  • Only 28 out of every 1,000 U.S. homes changed owners between January and September.
  • This is the lowest turnover rate since at least the 1990s, based on Redfin's analysis.
  • The turnover rate is about 30% lower compared to the average rate from 2012 to 2022.
  • People usually move for new jobs or more space, but this is happening less often now.
  • The current low turnover correlates with a slow-moving job market with fewer hires and fires.
  • Higher mortgage rates since 2022 discourage homeowners from selling homes bought or refinanced at lower rates.
  • In August, U.S. employers added 22,000 jobs, which was fewer than expected.
  • The median sales price for previously owned homes has increased 53% over the past six years.
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Authorities Seize $1.5 Billion in Campari Shareholder Tax Fraud Probe

Authorities Seize $1.5 Billion in Campari Shareholder Tax Fraud Probe

Summary

Italian authorities seized $1.5 billion from Lagfin, the main shareholder of the Campari Group, due to tax evasion allegations. The investigation involves potential unpaid taxes on capital gains related to a past merger. The investigation is ongoing, and Lagfin plans to defend itself.

Key Facts

  • Italian authorities seized $1.5 billion in assets from Lagfin on tax evasion claims.
  • Lagfin controls over 50% of Campari shares and 80% of voting rights.
  • The seizure is linked to alleged unpaid taxes of about $1.4 billion from a past merger.
  • Campari Chairman Luca Garavoglia is under investigation.
  • The investigation began around two years ago after an audit.
  • Lagfin states it will vigorously defend its actions in court.
  • Campari continues to operate, with a recent 4.4% rise in third-quarter sales.
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ESPN Facing Backlash Over Strong Message for YouTube TV Customers

ESPN Facing Backlash Over Strong Message for YouTube TV Customers

Summary

YouTube TV and Disney, which owns channels like ABC and ESPN, are in a disagreement over contract renewal terms. As a result, YouTube TV decided to remove Disney’s channels, prompting ESPN to urge customers to rally for their return. YouTube TV offered a discount to its users due to the channel removal.

Key Facts

  • YouTube TV announced it would remove Disney channels, including ABC and ESPN, due to contract disagreements.
  • The removal started on October 30, 2025.
  • YouTube TV said they aim for fair pricing and won't accept terms they see as unfair to their members.
  • To ease the impact, YouTube TV offered a $20 discount to affected users.
  • ESPN responded by urging YouTube TV customers to complain to regain access to their channels.
  • ESPN used its popular personalities to motivate fans to pressure YouTube TV.
  • Some fans criticized ESPN, accusing them of trying to manipulate the situation for financial gain.
  • The conflict between Disney and Google (which owns YouTube TV) continues without a resolution.
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Police seize €1.3bn from Campari owner over alleged tax evasion

Police seize €1.3bn from Campari owner over alleged tax evasion

Summary

Italian police have seized shares worth €1.3 billion from the owner of Campari over alleged tax evasion. The shares were taken from a Luxembourg-based company as part of an investigation into tax payments. The probe looks at whether the company avoided taxes during a merger by transferring assets abroad.

Key Facts

  • Italian police seized €1.3 billion in shares from Lagfin, which controls Campari.
  • The action is part of a year-long investigation into alleged tax evasion.
  • The company is accused of not paying taxes equal to the value of the seized shares.
  • Neither Campari itself nor its subsidiaries are directly involved in the case.
  • The investigation includes Campari's chair, Luca Garavoglia, among others.
  • Lagfin owns over 50% of Campari's shares and holds 80% of its voting rights.
  • Prosecutors say Lagfin may have hidden €5.3 billion in capital gains from 2018 to 2020.
  • The Campari brand, started in 1860, is valued at about €7 billion on the Milan Stock Exchange.
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Gen Z Is Breaking the Rules When It Comes to Salaries

Gen Z Is Breaking the Rules When It Comes to Salaries

Summary

A new survey shows that members of Generation Z are more open to talking about their salaries compared to older generations. The survey also indicates that there is a push for more salary transparency in the workplace, with new laws in several U.S. states requiring employers to include salary ranges in job postings.

Key Facts

  • A survey by Kickresume found only 31% of employees say salary is openly discussed at work.
  • Nearly 40% of Gen Z say salary discussions happen at their workplaces, compared to 22% of Gen X.
  • 18% of Gen Z have talked about salary even when not allowed, while 1 in 3 Gen X prefer not to discuss pay.
  • Gen Z employees often avoid job applications if salary details are not transparent.
  • About 46% of employees support open salary policies; this number rises to 49% among Gen Z.
  • New laws in states like Massachusetts require companies to list salary ranges in job postings.
  • The Equal Pay Act of 1963 and new transparency laws protect employees' rights to discuss wages.
  • Gen Z values transparency, influenced by growing up with open sources of information.
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China to loosen chip export ban to Europe after Netherlands row

China to loosen chip export ban to Europe after Netherlands row

Summary

China has decided to ease its export ban on certain computer chips to Europe after the Netherlands took control of a Chinese-owned chipmaker, Nexperia, citing governance issues. This move comes after concerns from European car manufacturers about chip shortages impacting vehicle production. The decision followed discussions between President Trump and Chinese President Xi Jinping.

Key Facts

  • China will loosen a ban on exporting chips to Europe that was imposed after the Netherlands took over Nexperia, a chipmaker.
  • The Netherlands used an old law to take over Nexperia, citing governance issues and concerns over chip availability in emergencies.
  • China initially stopped sending completed Nexperia chips back to Europe, causing worries among European car manufacturers.
  • Around 70% of chips made in the Netherlands are sent to China for completion before export to other countries.
  • China criticized the Netherlands for interfering in business, blaming it for disrupting global supply chains.
  • The European Automobile Manufacturers' Association warned that chip shortages could halt vehicle production.
  • Discussions between President Trump and China's Xi Jinping addressed trade and chip exports.
  • The White House plans to release details of a new trade agreement with China, including the resumption of Nexperia chip exports.
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List of Companies Laying Off Employees in November

List of Companies Laying Off Employees in November

Summary

More than 100 companies in the United States plan to lay off employees in November. These layoffs will affect thousands of workers and are happening as companies navigate economic challenges and restructuring needs. The Worker Adjustment and Retraining Notification (WARN) Act requires businesses to give a 60-day notice before large layoffs.

Key Facts

  • Over 100 companies have announced plans for layoffs in November.
  • Thousands of American workers will be affected by these layoffs.
  • The layoffs come at a time of economic uncertainty and restructuring among businesses.
  • The WARN Act requires a 60-day notice for mass layoffs, defined as affecting 50 or more employees within a 30-day period.
  • Companies from various sectors, including technology, healthcare, and manufacturing, are among those planning layoffs.
  • Notable companies on the list include Microsoft, Alphabet Inc., Salesforce, and Oracle America.
  • President Trump's changes to the federal workforce have contributed to some of these layoffs.
  • Economic factors include trade policy changes and recent government shutdowns.
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List of Companies Being Boycotted in November

List of Companies Being Boycotted in November

Summary

An activist group called The People's Union USA has announced a boycott of Amazon, Target, Home Depot, and Kellogg’s for November. The goal of the boycott is to push these companies to reinstate diversity programs and influence U.S. economic policy in ways that help American families. The group has organized similar boycotts since February 2025.

Key Facts

  • The People's Union USA is organizing a November boycott of four companies: Amazon, Target, Home Depot, and Kellogg’s.
  • The boycott is part of a campaign known as "The November Business Blackouts."
  • The group wants companies to bring back diversity, equity, and inclusion (DEI) programs.
  • They aim to change corporate behavior to reduce income tax burdens and high pricing.
  • Amazon and Target have been boycotted before for reasons like ending DEI initiatives and workplace practices.
  • Home Depot is criticized for allegedly removing its DEI page.
  • Kellogg’s is a new target due to remarks by its CEO about affordable meal options.
  • President Donald Trump has opposed DEI programs, calling them problematic.
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'Plan your exit like a celebrity' - why young people are being encouraged to write wills

'Plan your exit like a celebrity' - why young people are being encouraged to write wills

Summary

The article discusses a charity campaign called Will Aid, which encourages young people to write their wills. It highlights how young professionals increasingly include personal and digital assets in their wills. The campaign's goal is to promote discussions around will writing to avoid future complications.

Key Facts

  • Will Aid is an annual charity campaign that helps people write wills without usual solicitor fees, asking for a donation instead.
  • Young people are being encouraged to create wills, including personal and digital items like social media accounts and cryptocurrency.
  • Personal touches in wills, such as goodbye notes and gifts, are becoming more common among younger generations.
  • Many young people have not considered writing a will because they feel their estate is too simple.
  • A report showed that 25% of people don't know how to draft a will.
  • The founder of Octopus Legacy, Sam Grice, encourages will writing after experiencing family difficulties due to an outdated will from his mother.
  • Younger people often overlook will writing, even though their lives can change rapidly, affecting assets and liabilities.
  • Up to 29% of people with a will have not informed anyone of its storage location.
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Homes without lounges now a reality for renters

Homes without lounges now a reality for renters

Summary

More rental homes in the UK, especially in London, are being advertised without living rooms. This change is mostly because landlords turn living areas into extra bedrooms to help cover increased costs. The move affects renters, who often end up socializing in kitchens or spending more by going out.

Key Facts

  • About 30% of ads for shared flats on SpareRoom showed no living room in the first half of the year.
  • In London, 41% of these rental ads lacked a living room.
  • Birmingham saw a rise in ads without a living room from 16% in 2020 to 22%.
  • UK average private rents increased by 5.5% to £1,354 per month by September.
  • There's an average of 10 tenants competing for each available rental property.
  • Renters often use the kitchen as a social space instead of a living room.
  • Landlords convert lounges into bedrooms to manage higher mortgages and costs.
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At 21, I was crushed by a stranger's joke about going bald. Then the way I looked at myself changed

At 21, I was crushed by a stranger's joke about going bald. Then the way I looked at myself changed

Summary

The article discusses the growing trend of hair transplants among young men, influenced by changing attitudes and social media. Hair transplants have become more common worldwide, with many young people seeking them out, often traveling to countries like Turkey for more affordable options due to the high costs in places like the UK.

Key Facts

  • Hair transplants are becoming more popular globally, especially among young men aged 20 to 35.
  • Social media and dating apps have increased awareness and acceptance of hair transplants.
  • Many people now see hair transplants as regular self-care rather than vanity.
  • In the UK, high costs lead people to seek cheaper options abroad, such as in Turkey.
  • Some concerns exist about the safety and regulation of cheaper overseas procedures.
  • There is an increase in people needing corrective surgery after poor-quality transplants abroad.
  • The affordability of hair transplants in Turkey makes it a popular destination despite potential risks.
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Instacart, DoorDash and other companies offer discounts to SNAP recipients

Instacart, DoorDash and other companies offer discounts to SNAP recipients

Summary

Several companies, including Instacart and DoorDash, are offering discounts and other financial help to people who get SNAP (food assistance) benefits as the U.S. faces a potential cut in these payments. These companies aim to help SNAP recipients by providing grocery discounts and waiving fees.

Key Facts

  • Instacart will offer a 50% discount on grocery orders to customers who used a SNAP/EBT card in October.
  • Instacart is increasing its support for food banks from 100 to 300, costing $5 million.
  • Gopuff will provide $50 worth of free groceries to SNAP recipients in November, spending up to $10 million.
  • DoorDash will waive fees for 300,000 SNAP recipient orders and deliver 1 million meals from food banks for free.
  • Zip Co. will offer no-fee installment payments for groceries to SNAP recipients if government payments stop.
  • The U.S. Department of Agriculture plans to pause SNAP payments on Nov. 1 due to the government shutdown.
  • DoorDash has over 2.4 million customers using a SNAP/EBT card with their accounts.
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Are trade relations between the US and China back on track?

Are trade relations between the US and China back on track?

Summary

The United States and China have decided to temporarily ease their trade conflict by pausing certain tough measures for a year. Both countries made some compromises to reach this temporary truce.

Key Facts

  • The U.S. and China agreed to temporarily ease their trade tensions.
  • Some harsh trade measures are on hold for one year.
  • The trade conflict involves the world’s two largest economies.
  • Experts from different research institutes are analyzing the situation.
  • There is uncertainty about whether a long-term agreement will follow or if conflicts will resume.
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List of Retailers Offering Discounts to SNAP Recipients Amid Shutdown

List of Retailers Offering Discounts to SNAP Recipients Amid Shutdown

Summary

Several companies are offering discounts and services to help people using SNAP benefits during a government shutdown that is affecting SNAP payments. Instacart, DoorDash, Gopuff, and Zip Co. are some of the companies providing various forms of aid to ease the impact on low-income families.

Key Facts

  • The federal government plans to freeze SNAP payments during the shutdown.
  • Instacart offers a 50% discount on the next grocery order for SNAP users.
  • DoorDash will waive delivery fees for 300,000 SNAP orders in November.
  • Gopuff offers $50 in free groceries to eligible users.
  • Zip Co. provides temporary no-fee payment plans for SNAP beneficiaries.
  • These initiatives aim to help low-income families during the funding halt.
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