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Patricia Ogunfeibo, a landlord, sold her flat because of upcoming changes in the Renters' Rights Bill in the UK. This new law will ban "no-fault" evictions and give tenants more rights. Some landlords are worried the changes might lead to higher rents.
Key Facts
Patricia Ogunfeibo has rented out properties since 1986 and recently sold a flat in response to the Renters' Rights Bill.
The Renters' Rights Bill will stop Section 21 "no-fault" evictions, meaning landlords can't evict tenants without a reason.
Tenants will gain the right to challenge rent increases and won't face discrimination for being on benefits.
Some landlords are concerned that the new law could push up rent prices.
There has been a slight drop in the number of rental homes managed by agencies like the Property Franchise Group.
Data shows a decrease in the number of new rental properties entering the London market.
A survey indicated that smaller landlords are more likely to leave the rental market compared to larger landlords.
The bill aims to ensure that both tenants and responsible landlords have confidence in the rental system.
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NPR plans to cut over $5 million from its budget this year as local public radio stations face funding challenges. This comes after federal funding for public media was stopped and state support was reduced. NPR is offering financial relief to help stations manage the cuts.
Key Facts
NPR will reduce its budget by more than $5 million this fiscal year.
Federal funding for public media was stopped by a congressional vote in July.
NPR's fiscal year starts on October 1, and the budget is planned to stay balanced.
Listener donations have increased, partly compensating for federal funding cuts.
NPR is providing $8 million in financial relief to stations that need it most.
Some NPR and PBS stations in Florida lost nearly $6 million in state funding.
Since the defunding, 332 positions have been eliminated in public media.
NPR is exploring new fundraising methods, such as donation buttons on its content.
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There is a growing trend in Great Britain where more people are choosing to take their driving tests in automatic cars. This shift is influenced by the upcoming ban on petrol and diesel cars set for 2030, as many new cars, especially electric vehicles (EVs), use automatic transmissions. Consequently, driving schools report increased interest in learning to drive automatics.
Key Facts
One in four driving tests in Great Britain are now conducted in automatic cars.
In 2024/25, 479,556 out of 1.8 million driving tests were in automatics.
The sale of new petrol and diesel cars will be banned in 2030 in the UK.
Passing a test in an automatic grants a Category B Auto licence, which limits drivers to automatic vehicles.
The cost of running electric vehicles is generally lower than petrol or diesel cars, despite higher purchase prices.
The number of men taking tests in automatics increased from 23.2% in 2012/13 to 39.1% last year.
Automatic car tests have a slightly lower pass rate than manual tests, though the difference has decreased since 2012.
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The U.S. central bank, known as the Federal Reserve, is expected to lower interest rates by 0.25 percentage points. This decrease aims to stimulate the economy by making borrowing cheaper. The decision follows trends in other countries and growing concerns about a weakening job market in the U.S.
Key Facts
The Federal Reserve is expected to lower the interest rate by 0.25 percentage points.
This change will bring the interest rate to a range of 4% to 4.25%.
The interest rate cut is the first since December of the previous year.
Other central banks in the UK, Europe, and Canada have already reduced rates.
U.S. job market data shows weak job growth or losses in recent months.
President Trump has criticized the Federal Reserve for not lowering rates more significantly.
Inflation in the U.S. has fallen since 2022 but remains slightly above the Fed's 2% target.
The rate cut decision is happening amid concerns about the labor market slowdown.
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The Federal Reserve is set to decide on interest rates during a key meeting. A new member, Stephen Miran, has joined the board and may push for a larger rate cut. Controversy surrounds Fed governor Lisa Cook, whom the Trump administration has unsuccessfully tried to remove.
Key Facts
The Federal Reserve is holding a meeting to decide on interest rates.
Stephen Miran, a Trump administration appointee, joined the Fed's board.
The Fed is expected to cut the key interest rate by a quarter-point.
Lisa Cook, whom the Trump administration tried to remove, remains on the board.
An appeals court ruled that Cook's removal violated her rights.
Lower borrowing costs are expected to follow the Fed's rate decision.
The White House plans to appeal the decision to keep Lisa Cook in her role.
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The Trump administration stopped work on a $6 billion wind farm called Revolution Wind near New England. This decision affects many workers and similar projects along the East Coast.
Key Facts
The project is called Revolution Wind.
It involves 65 wind turbines.
The project is located off the coast of New England.
The construction was almost finished before it was stopped.
The stopping of the project affects thousands of workers.
The situation creates uncertainty for other wind power projects in the eastern United States.
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Quality Poultry & Seafood, Inc. is recalling about 100,000 pounds of catfish fillets because they were produced without federal inspection. These fillets were distributed to stores and restaurants in Mississippi, Alabama, and Louisiana. People who bought these products should return them, and restaurants should not serve them.
Key Facts
Nearly 100,000 pounds of catfish fillets are being recalled due to lack of federal inspection.
The recall affects products distributed in Mississippi, Alabama, and Louisiana.
The recall was initiated to ensure compliance with food safety and public health standards.
The U.S. Department of Agriculture found that the firm produced the catfish without inspection.
No reported reactions have happened due to eating the recalled products.
Customers and restaurants are advised to return the fillets or not serve them.
Quality Poultry & Seafood can be contacted for more information via email.
This recall is part of ongoing efforts to prevent health risks from undeclared allergens or contamination.
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A deal to remove tariffs on UK steel exports to the US is on hold. Currently, UK steel exports to the US face a 25% tariff. The UK government and industry hoped for a quick agreement to eliminate these tariffs, but issues with UK steel production have delayed progress.
Key Facts
A proposed deal to eliminate tariffs on UK steel exports to the US is currently on hold.
UK steel exports to the US currently face a 25% tariff.
These exports account for 6% of the UK's steel export volume and 9% by value.
UK officials claim the country has an advantage as other countries face a 50% tariff.
A planned agreement to reduce tariffs to zero was met with positive reception from the government and industry in July.
The UK steel industry is struggling financially, with some government intervention in plant operations.
Concerns about UK steel production, including issues with Tata's facilities, have contributed to delays in reaching an agreement.
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US safety regulators have started an investigation into Tesla due to reports that some door handles on the 2021 Model Y stopped working, trapping children inside the cars. The National Highway Traffic Safety Administration received nine complaints and is examining about 170,000 vehicles. The issue arises when the door locks don't get enough power, and the situation is particularly concerning for trapped children in emergencies.
Key Facts
US safety regulators are investigating Tesla's 2021 Model Y door handles.
Nine complaints reported to regulators said handles stopped working.
In four cases, car owners broke windows to free trapped children.
The issue seems linked to insufficient power for electric locks.
Roughly 170,000 Model Y cars are under investigation for this problem.
The problem poses greater risks in emergencies, especially involving children.
This is not the first NHTSA probe involving Tesla; others involve driver assistance systems.
Tesla's overall car deliveries have been dropping, and its market share has declined recently.
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BetMGM is offering new users a bonus when they sign up using the code NW150. People in certain states can get either a $150 bonus after a $10 winning bet or a $1,500 first-bet safety net that refunds any loss as a bonus. This promotion is available for various sports games, like MLB and NFL matchups.
Key Facts
BetMGM provides a bonus for new users with the code NW150.
Users in MI, NJ, PA, and WV can get a $150 bonus after a $10 winning bet.
Users in other eligible states can receive a $1,500 first-bet safety net.
The offers are valid for any sports game, including baseball and football.
A first bet must be placed to trigger either the $1,500 safety net or the $150 bonus.
Users have a week to use any bonus bets from these offers.
Pre-made parlay options are available for MLB games to potentially increase winnings.
Newsweek earns a commission if users follow their sign-up links.
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Consumer spending in the U.S. remained strong despite job security worries and rising inflation during the summer. Retail sales increased more than expected in August, showing that people continued to buy even with economic challenges. This spending has supported the economy, though factors that previously boosted consumer confidence might be fading.
Key Facts
Retail sales in the U.S. rose by 0.6% in August, surpassing economist predictions of a 0.3% increase.
Only four out of 13 major retail categories saw a drop in spending compared to July.
E-commerce, clothing, and sporting goods stores showed significant spending increases in August.
Consumer spending is a critical part of the economy, making up about two-thirds of overall economic activity.
Many Americans used savings accumulated during the pandemic to fuel spending, but these savings are now dwindling.
Economic growth for the third quarter is expected to be stronger than initially predicted due to the spending boost.
Some spending was possibly influenced by consumers purchasing goods ahead of potential tariff-related price increases.
The data on spending does not account for inflation, which might mean some increases are due to higher prices rather than higher quantities bought.
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Sky plans to cut 600 jobs in the UK to focus more on its streaming services. The company has started discussing changes that will impact 900 roles, but expects that 600 positions will be eliminated. This is part of Sky's ongoing effort to enhance its digital and TV services.
Key Facts
Sky plans to cut 600 jobs in the UK related to a shift towards streaming services.
The company is discussing changes that might affect 900 roles, but expects 600 job cuts.
Most of the job losses will occur at locations in Leeds, London, and Livingston.
Since 2023, Sky has cut nearly 3,000 jobs, including satellite dish installers.
Earlier in the year, Sky closed three call centres, cutting 2,000 jobs.
Sky employs over 20,000 people in the UK.
The job cuts are not due to cost-cutting or individual performance.
Sky plans to redeploy some affected employees to other roles.
The company recently launched products like Sky Glass, Sky Stream, and a fibre broadband service.
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In August, retail sales in the United States increased by 0.6%, driven by back-to-school shopping and efforts to buy ahead before tariff-related price hikes. Despite higher consumer spending, tariffs have led to job market challenges and increased inflation.
Key Facts
Retail sales increased by 0.6% from July to August, according to the Commerce Department.
Excluding auto sales, which are affected by tariffs, retail sales rose 0.7% in August.
Electronics and online retailers saw an increase in sales, with online sales rising by 2%.
Inflation rose 0.4% from July to August, higher than the previous month’s 0.2% increase.
The annual inflation rate in August was 2.9%, with core inflation at 3.1%.
The unemployment rate data showed fewer job additions than economists expected.
The Federal Reserve is facing challenges as it prepares to adjust interest rates amidst these economic factors.
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A study examined how much income Americans across different states spend on gas. Factors like income levels, gas prices, and how much people drive contributed to these differences. Despite lower gas prices recently, spending varies widely, with Mississippi residents spending the highest portion of their income and Washington D.C. residents spending the least.
Key Facts
Americans spend between 0.8% to 3.7% of their income on gas, varying by state.
Mississippi drivers spend 3.7% of their income on gas, the highest in the U.S.
Washington D.C. drivers spend only 0.8% of their income on gas, the lowest in the U.S.
Median monthly incomes, gas prices, and average miles driven influence gas spending.
In Mississippi, low income and high mileage contribute to higher gas spending despite cheap gas prices.
Gas prices have been decreasing but remain higher than pre-COVID levels.
The U.S. Energy Information Administration forecasts a potential further decline in gas spending as a percentage of income.
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The UK government changed its approach to winter fuel payments, deciding to give them to pensioners with an income of £35,000 or less. The payment, which helps with heating costs, was initially limited to those on certain benefits but will now reach around nine million pensioners in England and Wales by 2025. Some regions with more low-income pensioners received more payments than others.
Key Facts
The winter fuel payment helps pensioners with heating costs during winter.
About nine million pensioners in England and Wales will receive this payment starting in winter 2025.
The payment was originally going only to those on low incomes with specific benefits, but this was changed after public criticism.
Pensioners earning £35,000 or less will receive the payment, while those earning more will not unless higher taxes apply.
The payment is automatically sent in November or December and is £200 for those under 80 and £300 for those 80 and older.
In Scotland, plans include a similar payment system with an income limit and slightly different amounts.
Some regions, like Tower Hamlets in London, saw more pensioners receiving payments compared to areas with wealthier populations.
Changes to the payment system came after criticism from charities and MPs concerned about low-income pensioners missing out.
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Popeyes is teaming up with the YouTube show Hot Ones to offer new spicy menu items for a limited time in the U.S. They created four different items with varying levels of heat, available individually or as a set. This collaboration is part of Popeyes' strategy to attract customers and stay competitive in the fast-food market.
Key Facts
Popeyes is collaborating with the Hot Ones YouTube series for a special menu.
The menu features four spicy items with different heat levels, available at participating U.S. locations.
Items include Sizzlin' Sriracha Dippers, Smokin' Rojo Sandwich, Darin' Dab Ghost Wings, and The Last Dab sauce.
The menu is offered for a limited time and includes a bundled price option of $16.99.
Customers can earn double reward points on Hot Ones purchases from September 22 to 28.
The collaboration is part of Popeyes' strategy to expand its offerings and boost sales.
The partnership aims to combine pop culture with food marketing.
Popeyes chief marketing officer, Bart LaCount, emphasized the fit between Popeyes and Hot Ones due to their shared focus on bold flavors.
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Nicole Michler, a tech sales leader, shares her experience with corporate rules she believes held her back. She now runs a consultancy to help women achieve senior roles without burnout. Michler emphasizes the importance of setting boundaries, networking, and promoting oneself at work.
Key Facts
Nicole Michler is a former tech sales leader earning a six-figure salary.
She no longer follows certain corporate rules she learned, which she shared on Instagram.
Michler aims to help women achieve higher positions and salaries without burning out.
She advises against the belief that loyalty to a company is always rewarded.
Michler emphasizes networking even when not job-hunting to explore professional options.
She suggests that self-promotion at work is crucial for recognition.
Michler highlights the need for setting boundaries to avoid overworking.
The World Economic Forum estimates it will take over 130 years to achieve gender equality, highlighting ongoing challenges in corporate systems.
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The Federal Reserve is likely to cut interest rates by 0.25 percent in response to inflation and a weak job market. This decision will affect borrowing costs for loans and credit, but it may also reduce interest earnings on savings accounts.
Key Facts
The Federal Reserve is considering a 0.25 percent interest rate cut.
The rate cut aims to balance inflation with the need to improve the job market.
Financial markets consider a 25-basis-point cut almost certain, with a 96% probability.
Inflation is above the 2% target, sitting at 2.9% over 12 months.
The job market is weaker than expected, with job growth not meeting forecasts.
Lower interest rates would reduce borrowing costs for loans and credit, making it cheaper for consumers.
Mortgage rates may not drop much further as the cuts are already expected by the market.
Reduced rates could result in lower interest income on savings accounts and similar products.
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Miami's housing market is experiencing different trends. While general housing sales and prices are down, the luxury home sector is seeing strong demand and increased sales.
Key Facts
Miami housing market has slowed down with an increase in available homes, making it a buyer's market.
Miami has nearly 10 months of housing inventory, the highest in the U.S., partly due to new construction and less demand.
Home prices in Miami have decreased, with the median price at $590,000, down 7.8% from the previous year.
In July, Miami's home sales declined 12.6% compared to the previous year, with homes spending more time on the market.
The luxury home market in Miami is thriving, with strong sales of homes priced at $10 million and above.
Miami-Dade, Broward, and Palm Beach Counties have seen 262 high-value home sales from January to July.
The luxury sector's performance indicates potential for nearly record sales in 2023, close to 2021 levels during the pandemic.
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Jaguar Land Rover (JLR) has paused production at its factories due to a cyber attack on its IT systems. The disruption, which started in early September, may last until November, affecting JLR's supply chain and costing the company £50 million a week.
Key Facts
JLR stopped production on September 1 due to a cyber attack.
The company aims to resume production by September 24, but disruptions may extend until November.
The shutdown is costing JLR at least £50 million weekly in lost production.
More than 1,000 cars a day are normally produced by JLR.
JLR plants are located in the UK, Slovakia, China, and India, all currently halted.
Some suppliers face possible bankruptcy without financial aid during the stoppage.
A criminal investigation into the cyber attack is ongoing, and data may have been accessed or stolen.
There are calls for government support to help affected workers and businesses.
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