Canadian Prime Minister Mark Carney has reached an agreement with British Columbia to build a large oil pipeline. The pipeline will carry oil from Alberta to the west coast, allowing Canada to export more oil to Asian markets and rely less on the United States.
Key Facts
The pipeline will carry about 1 million barrels of oil per day from Alberta across British Columbia to the Pacific coast.
This pipeline aims to open new export markets for Canadian oil, especially in Asia.
The project follows a route similar to the existing Trans Mountain pipeline corridor.
Alberta and the federal government are partnering with energy companies like Pembina Pipeline on the pipeline.
British Columbia has agreed to keep a tanker ban on its northern coast to protect the environment.
The province will be compensated for environmental risks from the pipeline on the southern coast.
Alberta plans to double its oil production to 8 million barrels per day in 10-15 years.
The pipeline strategy is part of Canada’s effort to reduce economic reliance on the United States amid trade tensions under President Donald Trump.
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South Korea is experiencing a large increase in wealth due to the success of companies making chips used in artificial intelligence (AI). While some workers and investors are earning big bonuses and profits, many people are not benefiting, leading to discussions about how to share this wealth more fairly.
Key Facts
South Korea is a major producer of AI chips, with Samsung Electronics and SK Hynix leading the market.
These companies' profits are expected to increase nearly seven times this year.
Workers at these firms are receiving very large bonuses, sometimes thousands of percent of their monthly salary.
Stock markets in South Korea have reached record highs because of these companies.
Luxury sales and housing prices near chip factories have increased significantly.
Some ordinary investors have gained huge returns by buying shares in these companies.
Experts and politicians are debating ways to share the wealth more evenly, such as through taxes or direct payments to citizens.
The government and companies acknowledge the role of past state support in building the chip industry.
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Taylor Swift and Travis Kelce together donated $26 million to support 20 different charities. They made this announcement just before a rehearsal dinner event involving 100 people at Madison Square Garden.
Key Facts
Taylor Swift and Travis Kelce donated a total of $26 million.
The donations were given to 20 different charities.
The announcement was made on a Thursday.
The announcement came hours before a large rehearsal dinner.
The rehearsal dinner was held at Madison Square Garden.
About 100 people attended the rehearsal dinner.
The news was reported by CBS News and Jo Ling Kent.
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Many couples now ask wedding guests to give money for specific experiences like honeymoons instead of traditional physical gifts. The amount guests give varies widely depending on their relationship to the couple and personal budgets, with averages around £50 to £400.
Key Facts
Couples often request money gifts for honeymoons rather than traditional presents.
Wedding list service Prezola says the average guest contributes about £116.
Some guests give between £250 and £400 when closer to the couple or able to afford it.
One couple received £4,000 in total gifts for their wedding.
Couples sometimes use QR codes on invitations or at the venue to collect money gifts.
Average UK honeymoon spending is about £4,000.
Some guests still prefer to give physical gifts, like champagne or vouchers.
Cash gifts can feel impersonal to some guests, who prefer giving meaningful physical presents.
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Chef Susan Bae, a pastry chef and partner at Moon Rabbit, a Vietnamese restaurant in Washington, D.C., won the Outstanding Pastry Chef Medal at the 2026 James Beard Awards. She shared her dessert creations on CBS News' program "The Takeout."
Key Facts
Susan Bae is a pastry chef and partner at Moon Rabbit restaurant.
Moon Rabbit is located in Washington, D.C.
Susan Bae won the Outstanding Pastry Chef Medal in 2026.
The award is part of the James Beard Awards, which recognize culinary excellence.
Bae showcased her dessert creations on CBS News' show "The Takeout."
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Pollstar has published its list of the top 20 global concert tours, ranking artists by the average amount of money they made per city and the average ticket price. BTS leads the list with the highest average box office gross per city, followed by Luke Combs and Bruce Springsteen & The E Street Band.
Key Facts
BTS earned an average of about $10.7 million per city with an average ticket price of $211.24.
Luke Combs ranked second, averaging about $7.6 million per city with a ticket price of $128.03.
Bruce Springsteen & The E Street Band ranked third with $4.5 million average per city and the highest average ticket price of $254.90.
The rankings are based on data from concert promoters and venue managers worldwide.
Other artists in the top 5 include Guns N’ Roses and Phish with millions of dollars in average earnings per city.
The list also shows the number of tickets sold per city for each artist.
Ticket prices vary widely, from less than $80 to over $250 on average.
The list is available on Pollstar’s website along with upcoming tour information.
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Germany's government has approved major changes to taxes, work rules, and pensions to boost the economy and reduce far-right support. The European Union upheld a large fine against Google for unfair practices, and a star wedding in New York is expected to bring big business to the city.
Key Facts
Germany’s ruling coalition agreed on wide-ranging reforms for taxes, labor, and pensions.
Chancellor Friedrich Merz expects the reforms to increase Germany’s economic growth rate from 0.4% to 0.7% per year.
Germany’s growth forecast was recently lowered due to higher energy prices from the US-Israel conflict involving Iran.
The EU Court of Justice confirmed a €4.1 billion fine against Alphabet (Google) for anti-competitive practices linked to Android phone deals.
This ruling marks a final defeat for Google in a long-running EU antitrust case.
A potential wedding between Taylor Swift and Travis Kelce in New York could generate $20 million, boosting the city’s hospitality industry.
The article mentions other global events but focuses mainly on Germany’s reforms, the Google fine, and the economic impact of the Swift wedding.
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The U.S. Energy Department suggested new steps that would make it harder to set stricter rules for how much energy appliances use. These changes would apply to all government administrations but could slow down efforts by a Democratic leadership to increase energy efficiency requirements.
Key Facts
The Energy Department made a proposal to add challenges to creating future appliance energy efficiency standards.
These new hurdles would affect all current and future government administrations equally.
Democrats are generally more likely to want stronger energy efficiency rules for appliances.
The proposed hurdles could slow or block future efforts to raise these standards.
Energy efficiency standards set limits on the energy appliances can use to reduce waste and environmental impact.
The proposal could affect the speed and strength of future energy-saving regulations.
The announcement was made on a Thursday by the Energy Department.
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A UK company called Kismet Kebabs sold millions of takeaway kebabs labeled as mostly lamb meat, but many actually contained goat, fat, skin, and little lamb. The company pleaded guilty to fraud, was fined £500,000, and the case is compared to the 2013 horsemeat scandal.
Key Facts
Kismet Kebabs, a large UK doner kebab maker, supplied kebabs to fast food shops across the country.
The company falsely advertised kebabs as containing up to 87% lamb meat.
DNA tests showed some kebabs had less than 10% sheep meat and contained goat, fat, skin, and offcuts.
Fraud occurred from around 2021 and possibly earlier under different leaders.
Authorities raided the factory in Essex in May 2021 and found no lamb deliveries except lamb fat.
The kebabs were made by mixing cheap ingredients to look like lamb meat, then labeled to sell at higher prices.
Kismet Kebabs admitted to fraud by false representation and was fined £500,000.
This case is likened to the 2013 horsemeat scandal where horsemeat was found in beef products.
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Canadian Prime Minister Mark Carney said a new pipeline from Alberta to the Pacific Coast will keep a tanker ban on northern British Columbia to protect the environment. The government aims to expand oil export routes beyond the U.S. and ease tensions with Alberta, where there is growing support for independence.
Key Facts
The pipeline will carry Alberta oil to the Pacific Coast while respecting a ban on oil tankers off northern British Columbia.
Alberta Premier Danielle Smith will announce details about the pipeline route in Calgary.
The Canadian government wants to reduce dependence on the U.S. oil market by expanding exports to other countries.
Alberta is planning a public vote this fall on holding a referendum for Alberta’s possible independence from Canada.
British Columbia and some Indigenous groups oppose pipelines crossing northern British Columbia.
British Columbia Premier David Eby confirmed the northern tanker ban will remain and said the province will receive compensation for environmental risks if the pipeline goes through southern British Columbia.
Carney aims to double Canada’s oil exports outside the U.S. over the next ten years.
Former Prime Minister Justin Trudeau opposed pipelines crossing northern British Columbia and the Great Bear Rainforest but approved one to the southern coast.
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Fans have sued StubHub for canceling World Cup tickets they bought, saying the company sold tickets that did not exist or were later revoked. The lawsuit claims StubHub’s sales practices were misleading, and fans want compensation and a stop to StubHub selling World Cup tickets.
Key Facts
Two fans from California filed a federal lawsuit against StubHub in New York.
They say they bought tickets for group stage World Cup matches but never received them.
The lawsuit may become a class action for many affected fans.
Fans claim tickets were canceled due to problems with FIFA’s digital ticket system.
StubHub did not comment directly on the suit but said their goal is to get fans into events.
StubHub offers a FanProtect Guarantee promising replacement tickets or refunds, but one fan said they did not get a refund.
FIFA says it cannot control ticket resale on third-party platforms like StubHub and denies responsibility for system problems there.
FIFA sells tickets through its official marketplace and adds a 30% fee on resold tickets.
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If your certificate of deposit (CD) account matures in July 2026, you should plan ahead to avoid losing money or missing better interest rates. Experts advise against letting your CD automatically renew at lower rates, putting money into low-interest savings accounts, or ignoring the benefits of long-term CDs.
Key Facts
CD accounts maturing around July 2026 have a short grace period of about two weeks to make decisions.
If you do nothing, your CD may automatically roll over at a lower interest rate.
It is better to shop around now for CDs with higher rates instead of letting it renew automatically.
Putting money into traditional savings accounts with low rates (around 0.38%) is less profitable than a 6-month CD at about 4.10%.
Long-term CDs (over 12 months) offer fixed rates and protection against changing interest rates.
Long-term CDs can provide both safety and good returns during uncertain market conditions.
Alternatives like high-yield savings or money market accounts allow easier access to funds while earning better rates than traditional savings accounts.
Planning before your CD matures can help you maximize earnings and avoid common mistakes.
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The United States is expected to plant the smallest amount of wheat since 1877, due to drought, high costs, and uncertain markets. The USDA estimates that in 2026, the total wheat planting area will drop by 6 percent compared to last year, affecting major wheat-producing states like Kansas, Texas, and Oklahoma.
Key Facts
The USDA predicts 42.7 million acres of wheat planted in 2026, down 6% from 2025 and 1 million acres below earlier forecasts.
Winter wheat acreage is expected to be 31.5 million acres, the lowest in about 150 years.
Severe drought and heat from May 2025 to April 2026, the warmest 12-month period on record, have damaged crops.
Kansas, Texas, and Oklahoma face the largest decreases in wheat acreage, with Texas losing 3.9 million acres.
Farmers are planting less wheat due to high input costs like fuel and fertilizer, worsened by the Iran conflict closing the Strait of Hormuz.
Spring wheat and durum wheat planting areas are both declining, by 6% and 16% respectively.
Wheat provides about 20% of both calories and protein for many poor people worldwide.
Experts expect wheat planting to remain low or decrease further in 2027 due to ongoing challenges.
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Opening an $18,000 long-term certificate of deposit (CD) account in July can earn a savers thousands of dollars in interest. Long-term CDs have fixed interest rates above 4%, which are higher than typical savings accounts and provide protection for the deposited money over time.
Key Facts
Long-term CD interest rates currently sit above 4%.
An $18,000 CD can earn from about $1,145 (18 months) up to $9,423 (10 years) in interest by maturity.
Interest rates for these CDs range roughly from 4.15% to 4.30%.
CDs have fixed interest rates, so earnings are guaranteed if the account is held to maturity.
Early withdrawal from a CD may result in penalties, reducing earnings.
Online banks often offer higher CD interest rates than traditional brick-and-mortar banks.
Using online marketplaces helps compare multiple banks, rates, and terms easily.
CDs protect the original deposited amount (principal) for the duration of the term.
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OpenAI is discussing giving the U.S. government a 5% ownership share in the company. This idea aims to let the public share in the profits from artificial intelligence, but it raises questions about government involvement in AI companies and regulation.
Key Facts
OpenAI may offer the U.S. government a 5% stake in the company, according to early discussions.
The government stake could affect decisions on releasing new AI models.
OpenAI’s CEO, Sam Altman, supports sharing AI’s benefits with the public through mechanisms like a public wealth fund.
Other AI labs, like Anthropic, also support similar ideas involving shared ownership or compensation for workers affected by AI.
The U.S. government currently owns 9.9% of Intel, a deal made under the CHIPS Act that has increased in value.
A government stake in AI labs would likely require approval by Congress.
Some experts worry this move could reduce competition and favor one AI company over others.
Alternative ways to share AI profits with the public include taxing AI companies or their digital assets.
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The United States can keep producing lots of crops while creating new markets for biofuels. This will help farmers earn more, offer benefits to consumers, protect the environment, and lower the need for oil from other countries.
Key Facts
Biofuels are fuels made from plants and agricultural products.
Using biofuels can reduce pollution compared to traditional fossil fuels.
Expanding biofuel markets can give farmers new sources of income.
Growing biofuels can help the U.S. rely less on imported oil.
Supporting biofuels can boost the agricultural economy.
Biofuels contribute to energy independence and environmental goals.
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Fans suing StubHub say the ticket website did not deliver World Cup game tickets after they paid for them. The lawsuit claims StubHub canceled orders and did not honor a guarantee to protect buyers, while StubHub blames issues on the official event organizer FIFA.
Key Facts
A group lawsuit was filed in Manhattan federal court against StubHub for failing to deliver paid World Cup tickets.
One buyer paid $1,905 for three tickets but had the order canceled by StubHub.
Another paid nearly $3,000 for two tickets, which were also canceled; he was refunded but lost travel costs.
The lawsuit accuses StubHub of selling tickets without authorization from FIFA, the event organizer.
StubHub offers a "FanProtect Guarantee" to ensure ticket authenticity but allegedly failed to honor it in these cases.
Plaintiffs are seeking at least $5 million in damages.
StubHub says it wants to get fans into events and blames FIFA’s ticketing system for problems.
FIFA did not comment on the lawsuit when asked.
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Adjusting your air conditioner (AC) settings can help lower your electric bill during the summer. Simple changes like raising the thermostat temperature a few degrees, using automated schedules, and setting the fan to "auto" instead of "on" can reduce cooling costs without losing comfort.
Key Facts
Raising the thermostat by 1 degree can save about 3% on cooling costs.
Increasing the thermostat 4-5 degrees can lead to noticeable savings over a billing cycle.
Using automated schedules that raise the temperature 7-10 degrees for several hours daily can reduce costs by up to 10% per year.
Smart thermostats that learn your routine can save around 8% on cooling bills with no extra effort.
Setting the AC fan to "auto" is more energy-efficient than keeping it "on" all the time.
Running the fan continuously increases electricity use and can cause moisture problems inside the home.
Managing humidity with a "dry" mode and proper fan settings helps you keep the house comfortable at higher temperatures, saving energy indirectly.
Not all AC settings significantly affect energy use; knowing which ones matter is key to saving money.
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In-N-Out Burger plans to open six new restaurants in five states, including California, Tennessee, Arizona, Utah, and Idaho. The company is growing carefully while keeping its headquarters in California and avoiding franchising.
Key Facts
In-N-Out will open six new restaurants soon in Commerce and Stockton (California), Madison (Tennessee), San Tan Valley (Arizona), St. George (Utah), and Twin Falls (Idaho).
The company currently operates over 400 restaurants across 10 states.
California has more than 65% of In-N-Out locations.
In-N-Out is opening a new Eastern Territory office in Franklin, Tennessee, expected in 2026, to support southern growth.
The company does not franchise its restaurants; it owns and operates all locations to maintain quality control.
In-N-Out was founded in 1948 as a small hamburger stand in Baldwin Park, California.
The company grows slowly to keep high food quality and good customer service.
In a 2022 survey, In-N-Out received an 80% customer satisfaction rating, one of the highest for burger chains.
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