An aunt saved money for her niece's college education by putting away a small amount each month into a special savings account known as a 529 plan. Over six years, she has saved about $1,300, with plans to increase savings in the future. The story has inspired others to consider similar savings strategies for education.
Key Facts
An aunt opened a 529 college savings plan for her niece on the child's first birthday.
She began by saving $15 a month and later increased it to $20 a month.
After six years, the account balance reached approximately $1,300.
A 529 plan is a savings account with tax advantages for education expenses.
Unused 529 funds can be transferred to a Roth retirement account.
The aunt plans to keep increasing her contributions over the years.
The story received over 4,000 likes and shares online, inspiring others to save for their children's education.
A 529 plan can be used for college, trade school, and certain K-12 expenses.
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Netflix's head explained why their bid to buy Warner Bros is better than Paramount's offer, focusing on growth and new opportunities. Warner Bros has accepted Netflix's bid but also received a rival offer from Paramount. The decision will be finalized after a shareholder vote next month.
Key Facts
Netflix wants to buy Warner Bros' movie studio and streaming networks.
Paramount has also made an offer for Warner Bros, which includes the entire company.
Warner Bros turned down Paramount's latest offer but gave them until Monday to make a final offer.
Paramount plans to cut costs by $6 billion right away and may cut an extra $16 billion.
Netflix's proposal would leave some parts of Warner Bros to become a separate company.
Paramount claims its offer gives more certainty and includes covering a possible $2.8 billion fee if the Warner Bros deal with Netflix is canceled.
Netflix's co-CEO, Ted Sarandos, sees their bid as good for growth while rejecting any political pressure from President Trump.
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Chipotle is offering a three-day promotion from February 23 to 25 in the U.S. and Canada, where customers can get a free side of chips and Queso Blanco with a digital order. The deal is available with the purchase of a full-priced entrée and must be redeemed using the code CHIPS26 during regular business hours.
Key Facts
Chipotle's promotion runs from February 23 to 25 in the U.S. and Canada.
Customers can get a free side of chips and Queso Blanco with a digital order.
The order must include a full-priced entrée, and the promo code CHIPS26 should be used.
The offer is available only for digital orders on Chipotle's app or website and not valid for in-store purchases or third-party platforms.
The promotion does not apply to catering, Burritos by the Box, or kids' meals.
Chipotle's chips are made from corn tortillas and include fresh lime juice.
Queso Blanco contains ingredients like Monterey Jack cheese and peppers.
Chipotle may change or end the offer at any time, depending on availability.
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A roofing company mistakenly removed the roof of the wrong house, leaving the intended customer's roof untouched. The incident was shared by the homeowner, Sarah Rohrbach, in a viral post on social media, highlighting the mix-up and the subsequent offers made by the roofing company to fix the error.
Key Facts
A contractor accidentally started roofing work on the wrong house.
Sarah Rohrbach shared the incident on social media, where it quickly gained attention.
The roofing company mistakenly removed part of the neighbor's roof, not the intended customer's.
The company initially offered to fix the neighbor's roof at a reduced price after the mistake.
The neighbors declined the offer and are seeking other estimates for the full roof repair.
Rohrbach and her husband decided not to use the company for their roof replacement.
The incident comes amidst a rise in home renovation spending in the U.S.
A report noted that the spending on home renovations increased significantly from 2020 to 2023.
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Category: business
A recall was issued for nearly 9,462 pounds of frozen meatballs sold at Aldi stores because they may contain metal pieces. The USDA's Food Safety and Inspection Service recommends customers throw the meatballs away or return them.
Key Facts
The recall affects nearly 9,462 pounds of frozen meatballs.
The USDA's Food Safety and Inspection Service announced the recall.
The meatballs were sold at Aldi stores across the U.S.
The recall is due to possible contamination with metal fragments.
The affected meatballs were labeled as “Bremer Family Size Italian Style Meatballs.”
The meatballs have a “best-by” date of October 30, 2026.
The recall is classified as Class I "High-risk" by the USDA.
Customers should not eat the meatballs and can return them to stores.
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A study found that Los Angeles' "mansion tax," which taxes expensive properties, has slowed down new construction and reduced property sales. The tax was meant to fund affordable housing but has not generated the expected revenue, while also impacting housing development negatively.
Key Facts
The "mansion tax" imposes a 4% tax on property sales from $5.3 million to $10.6 million and a 5.5% tax on sales above $10.6 million.
It was designed to help fund affordable housing and support people at risk of homelessness.
Since its introduction, new construction permits in Los Angeles have dropped by an average of 40%.
Multifamily construction permits decreased by 27%, and single-family home permits decreased by 45%.
The tax has raised around $480 million through 2024, less than the initially expected $600 million to $1.1 billion annually.
Developers are hesitant to build due to the financial risks and uncertainties created by the tax.
The city faces a shortage of nearly 500,000 affordable homes, exacerbated by decreased housing production.
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The U.S. Supreme Court recently ruled that many tariffs announced by President Trump in 2025 are illegal. In response, President Trump plans to impose new 15% tariffs on goods coming into the U.S., causing uncertainty among Asian trade partners. Governments in Asia are reviewing the impact of these changes on their economies and relationships with the U.S.
Key Facts
The U.S. Supreme Court ruled that many of President Trump's 2025 tariffs are illegal.
President Trump announced a new 15% tariff on imported goods after the court's decision.
U.S. customs stopped collecting the tariffs linked to Trump's previous trade policy.
Asian countries such as India and Indonesia face uncertainty after investing in U.S. trade deals.
Trade deals with the U.S. are not as legally binding as traditional agreements.
Smaller Asian economies are worried about upsetting President Trump.
China is assessing the impact of the U.S. tariff changes and emphasizes no winners in a trade war.
Japan and South Korea expressed concerns and are reviewing the U.S. decisions on tariffs.
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A YouTube video showing the luxurious experience of flying in Singapore Airlines' A380 first-class suite for nearly $14,000 went viral. The video was posted by Antoine, a content creator who shared his detailed experience of the flight's amenities and service.
Key Facts
Antoine, a content creator, posted a video about his experience in a Singapore Airlines A380 first-class suite.
The ticket for this flight cost $13,980, which Antoine paid entirely with cash.
The video gained over 10.1 million views since being posted on January 7.
The suite is described as spacious and designed like a private residence.
Features of the flight included a separate bed, reclining chair, and luxury bedding.
Antoine praised the crew's attentive service and quick response to requests.
Extras included luxury skincare kits and a bathroom described as a "five-star spa."
Antoine noted some minor critiques about the meal's main course presentation compared to other aspects.
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The latest Millionaire for Life lottery drawing ended without any major winners. Players now await the next draw, where they could win $1 million a year for life or take a lump sum of $18 million. The next draw is scheduled for Monday, February 23.
Key Facts
The Millionaire for Life draw took place on Sunday, February 22.
No ticket matched all numbers to win the top prize.
Players select five numbers from 1 to 58 and an additional number called the Millionaire Ball from 1 to 5.
Each game entry costs $5.
Winners can choose between $1 million annually for life or a one-time payment of $18 million.
Both prize options are subject to taxes.
The next draw is on Monday, February 23.
Players should buy tickets before the draw's official cutoff time.
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Budget fashion brands are expanding quickly in small towns across India, offering fashionable clothing at low prices. This is attracting customers who want to buy branded clothes without spending too much, leading to significant growth for companies like Zudio and Trends.
Key Facts
Budget fashion stores like Zudio and Trends are growing in India's smaller towns.
These brands offer clothes priced between $4 to $15, similar to local street markets.
Reliance Trends is part of the retail arm of India's largest conglomerate, Reliance Group.
Zudio's store count has grown from 7 to 765, with over $1 billion in revenue by mid-2025.
Zudio's growth pace outmatches international brands like Zara and H&M.
Many consumers are shifting from small local shops to these budget fashion stores.
The rise in budget fashion caters to younger shoppers by following global fashion trends.
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President Donald Trump has introduced new tariffs affecting goods from all countries, leading to uncertainty for businesses and consumers. The changes follow a Supreme Court decision blocking a previous law, prompting Trump to use another law to impose a 15% tariff. Key issues include the potential impact on existing trade deals and increased costs for exporters.
Key Facts
President Trump introduced a new 15% tariff on goods from all countries.
This change follows a Supreme Court ruling that stopped Trump from using a different law to levy broad import taxes.
The new tariff is based on Section 122 of the 1974 Trade Act.
The tariff is temporary, lasting up to 150 days unless Congress acts.
Countries like the UK and Australia face potential changes to their previously negotiated 10% tariffs with the US.
The British Chambers of Commerce expressed concerns about the ongoing uncertainty and lack of clear information.
Businesses are worried about higher costs, which may lead to increased prices for consumers.
The UK's export costs to the US may rise by £2-3 billion due to the 15% tariff.
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The movie "GOAT" took the top spot at the box office this weekend, earning $17 million, while "Wuthering Heights" moved to second place with $14.2 million. "EPiC: Elvis Presley in Concert" had a strong performance in IMAX theaters with a per-theater average of $10,000. Overall, the box office grossed $79 million, slightly improving from the same weekend last year.
Key Facts
"GOAT" earned $17 million this weekend, bringing its total to $58 million over 10 days.
"Wuthering Heights" earned $14.2 million this weekend and has a 10-day total of $60 million.
Worldwide, "GOAT" has earned $102 million, and "Wuthering Heights" has earned $151 million.
"I Can Only Imagine 2" opened with $8 million, less than the first movie's $17 million opening.
"EPiC: Elvis Presley in Concert" earned $3.25 million in 325 IMAX theaters, with a per-theater average of $10,000.
The weekend box office grossed a total of $79 million, up two percent from the same weekend in 2025.
"Crime 101" and "Send Help" continued to show strong performances, while "Psycho Killer" did not make it into the top 10.
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The Global Entry program has been shut down due to a partial government shutdown that started because a funding agreement was not reached. The PreCheck program will remain operational despite initial plans to also shut it down. The shutdown is happening during a major winter storm that is affecting flights on the East Coast.
Key Facts
The Global Entry program is not available during the partial government shutdown.
A government shutdown occurred because Democrats and the White House did not agree on a Homeland Security funding bill.
Global Entry allows approved travelers to quickly pass through U.S. customs.
Many Global Entry users also have TSA PreCheck, which remains open.
The shutdown comes as a major winter storm is hitting the East Coast, canceling many flights.
The Department of Homeland Security is implementing emergency measures to manage limited funds.
TSA reported short wait times at security lines in many international airports despite the shutdown.
The travel industry is urging Congress to resolve the government funding disagreement.
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Ajinomoto Foods North America has recalled over 3.3 million pounds of frozen chicken fried rice due to potential glass contamination. The recall, issued by the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS), covers products sold at Trader Joe’s in the U.S. and those exported to Canada.
Key Facts
Over 3.3 million pounds of frozen chicken fried rice by Ajinomoto Foods North America were recalled.
The recall is due to potential glass contamination.
The U.S. Department of Agriculture’s FSIS categorized the recall as Class I, indicating a high risk to health.
The affected products were sold at Trader Joe’s in 20-ounce bags with best-by dates from September 8, 2026, to November 17, 2026.
The recall also affects 1.53-kilogram packages of "Ajinomoto Yakitori Chicken with Japanese-Style Fried Rice" exported to Canada.
The issue arose after four consumer complaints about finding glass in the product.
No injuries or illnesses have been reported so far.
Consumers are advised to check for the product in their freezers and not consume it; they should either dispose of it or return it to the store.
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PETA suggested to Wendy's that they offer vegan chicken options to attract younger customers following a drop in their sales. Wendy's plans to close a significant number of U.S. restaurants due to poor performance and is focusing on a new pricing strategy.
Key Facts
PETA recommended Wendy's add vegan chicken to their menu.
Wendy's sales fell by 10% globally and 11.3% in the U.S. in the last quarter.
The company plans to close 5 to 6% of its U.S. restaurants by early 2026.
PETA stated that younger consumers are increasingly choosing vegan options.
Wendy's introduced a new "everyday value" menu in January 2026.
The company closed 28 locations in the last quarter of 2025.
Wendy's aims to shift from short-term promotions to long-term value deals.
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JPMorgan Chase closed several bank accounts connected to President Donald Trump and his businesses in February 2021. This closure followed the events of January 6, 2021, at the U.S. Capitol. President Trump has filed a lawsuit against the bank, alleging the closure was politically motivated.
Key Facts
JPMorgan Chase closed Trump’s accounts in February 2021 after the January 6 Capitol events.
The accounts with JPMorgan Chase dated back to at least 1986.
President Trump received a letter in February 2021 from JPMorgan notifying him of the account closures.
JPMorgan gave a two-month period to transfer funds before closing the accounts fully by April 19, 2021.
Trump filed a $5 billion lawsuit against JPMorgan, claiming political reasons for the closure.
The lawsuit was initially filed in Florida, but JPMorgan wants it moved to federal court in New York.
President Trump denied offering jobs to JPMorgan's CEO Jamie Dimon, contrary to some reports.
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President Trump announced that he would increase global tariffs to 15% after the Supreme Court ruled that certain import taxes were illegal. The new tariffs will replace the previous ones and are set to take effect next week under a different trade law.
Key Facts
President Trump plans to raise global tariffs to 15%.
The announcement came a day after the Supreme Court deemed some import taxes illegal.
The Supreme Court's decision was a 6-3 ruling.
President Trump used a separate trade law, Section 122, to implement the new tariffs.
Section 122 allows tariffs of up to 15% for addressing payment issues.
These measures can last for 150 days unless Congress extends them.
The tariffs are set to take effect next week.
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Realtor.com released a report showing U.S. cities where sellers lower home prices the most. Austin, Texas, leads the list with a high percentage of listings having their prices cut three or more times. This trend might help buyers know where demand is slower and they have more negotiating power.
Key Facts
Realtor.com identified U.S. cities with frequent home price cuts.
Austin, Texas, has the highest share of listings with three or more price cuts (22.2%).
San Antonio, Texas, follows Austin with 22% of listings reduced three times or more.
Tampa, Florida, ranks third with just under 21% of listings facing significant price cuts.
Other cities in the top 10 include Indianapolis, Jacksonville, Dallas, Orlando, Portland, Phoenix, and Denver.
Austin homes generally take about three months to sell, with listings staying on the market longer than a year ago.
Realtor.com describes these as "buyer-friendly markets" due to low demand and high inventory.
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President Donald Trump announced a 15 percent tariff on countries worldwide after a Supreme Court ruling went against his tariff policy. The court decided that only Congress, not the president, can impose tariffs, affecting Trump's economic plans.
Key Facts
President Trump announced a 15 percent tariff following a Supreme Court ruling.
The Supreme Court ruled 6-3 against Trump's use of emergency powers for tariffs.
Chief Justice John Roberts wrote that only Congress can impose tariffs.
The ruling impacted Trump's tariffs on several countries, including China, Canada, and Mexico.
Trump expressed disappointment with the court's decision and plans to use other methods to impose tariffs.
Some officials and commentators support Trump’s tariff strategies despite the ruling.
The decision affects billions of dollars in tariffs collected under Trump's plan.
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The IRS issued new guidance on a tax break for production facilities, allowing for up to a 100% depreciation deduction. This benefit is part of a new tax law aiming to boost manufacturing and production investments, with clear details outlined for its application.
Key Facts
The IRS released guidance for a tax deduction on certain production properties.
The guideline is part of the One Big Beautiful Bill (OBBB) aimed at encouraging investment.
The deduction allows for up to 100% depreciation of eligible property in the year it is used.
Qualified production property includes nonresidential real estate like factory buildings.
Activities covered include manufacturing, chemical production, and refining.
The benefit applies to property in service between July 4, 2025, and January 1, 2031.
Taxpayers must choose to treat their property as qualified production property.
This guidance can be used immediately, with further detailed regulations planned.
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