A study led by a Harvard professor found that women who lost weight using GLP-1 drugs were hired more often. The research showed a 27% increase in employment rates for these women.
Key Facts
The study was conducted by a Harvard professor.
It focused on women who used GLP-1 medications to lose weight.
GLP-1s are drugs that help with weight loss.
Women who lost weight on GLP-1s had a higher chance of getting hired.
Employment rates for these women increased by 27%.
The research suggests a link between weight loss and job opportunities.
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A certificate of deposit (CD) account can help savers earn higher interest rates than regular savings accounts right now. A $55,000 deposit in a CD could grow by thousands of dollars depending on the term length, with rates around 4% fixed for different time periods.
Key Facts
Traditional savings accounts have very low interest rates, about 0.38% currently.
CD accounts offer fixed interest rates over 4%, providing a guaranteed return.
Interest earned on a $55,000 CD ranges from around $535 for 3 months to nearly $29,000 for 10 years.
The longer the CD term, the more interest you earn by the end.
Early withdrawal from a CD can lead to costly penalties, so it’s best to keep the money until maturity.
CDs protect your original deposit while giving a chance to grow your savings steadily.
Choosing the right CD term depends on your financial goals and how long you can keep your money locked in.
With inflation and economic uncertainty, CDs can be a safe option for growing cash savings.
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America’s Test Kitchen chefs Dan Souza and Vallery Lomas shared recipes from Washington and Maine to celebrate the 250th anniversary of the United States. The article also includes several real-time news updates on topics such as President Trump’s remarks, the Dow Jones Industrial Average, and financial disclosures.
Key Facts
Dan Souza and Vallery Lomas presented recipes inspired by Washington state and Maine.
The recipes honor America’s 250th anniversary.
President Donald Trump recently gave remarks in Medora, North Dakota.
Trump took his first Air Force One flight gifted by Qatar.
The Dow Jones Industrial Average is being tracked live.
Financial disclosures show President Trump earned $1.4 billion from cryptocurrency in 2025.
The article includes updates on various U.S. news stories and events.
The piece mixes cooking celebration content with business and political news updates.
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The United States has decided not to automatically renew the US-Mexico-Canada trade deal (USMCA) for another 16 years. This means the agreement may end as early as 2036 unless all three countries agree to changes, creating uncertainty for trade across North America.
Key Facts
The US declined to renew the USMCA in its current form, blocking the automatic 16-year extension.
All three countries must unanimously agree to renew the deal; without this, it could expire in 10 years.
The US wants major changes before agreeing to a long-term extension, especially on car parts rules, dairy market access, and preventing China from benefiting.
The USMCA supports about $2 trillion in annual trade between the US, Mexico, and Canada.
Because of the decision, the countries must meet every year to discuss possible changes to the deal.
Some US trade groups, like the Chamber of Commerce, worry about the uncertainty this causes for manufacturers and farmers.
Other US groups, such as steel industry associations, support yearly reviews to negotiate improvements.
The USMCA replaced NAFTA in 2018 and includes updated rules on digital trade, workers' rights, and local manufacturing requirements.
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President Trump has decided not to renew the current North American trade agreement (USMCA) in its existing form. Instead of a long-term extension until 2036, the agreement will now be reviewed every year while officials work on resolving ongoing issues.
Key Facts
The USMCA is a trade deal between the United States, Canada, and Mexico.
The agreement was set to be renewed and last until 2036.
President Trump refused to renew the USMCA on its current terms due to ongoing trade deficits with Canada and Mexico.
The deal will remain active but will now face yearly reviews instead of once every six years.
The US trade representative said the US will keep working with Canada and Mexico to fix the deal’s problems.
President Trump originally signed the USMCA in 2020 as a replacement for the older North American Free Trade Agreement (NAFTA).
The USMCA controls about $2 trillion worth of trade in goods and services between the three countries each year.
Changing to yearly reviews might hurt businesses and reduce investments in North America.
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Federal Reserve Chair Kevin Warsh said inflation worries have decreased because prices, including energy costs, are going down. He did not give any clues about the Federal Reserve’s next decision on interest rates.
Key Facts
Kevin Warsh is the Chair of the Federal Reserve.
He spoke early Wednesday at a central banker conference in Portugal.
Warsh said inflation risks are lower now.
Energy prices have fallen significantly.
The drop in energy costs followed a U.S. and Iran framework agreement last month.
Warsh did not indicate what the Fed will do about interest rates next.
The Federal Reserve monitors inflation and sets interest rates to manage the economy.
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Volvo introduced the compact electric SUV EX30 in 2023 with an affordable price based on production in China. However, heavy US tariffs on Chinese and European-made cars raised its price significantly, leading Volvo to stop importing the EX30 to the US. The car has strong performance and safety features but is no longer available for new US customers.
Key Facts
The Volvo EX30 is a small electric crossover vehicle with high safety standards.
Originally priced at $34,950 for the rear-wheel drive version when made in China.
US tariffs on Chinese-built cars introduced in 2024 and increased by 2025 raised costs.
Volvo moved production to Belgium, but European exports still face a 25% tariff.
The tariff increased the starting price to over $40,000 for rear-wheel drive version, and nearly $50,000 for the EX30 Cross Country AWD model.
The EX30 Cross Country has more ground clearance and protection for rough roads or urban driving.
It has a 65 kWh battery, 422 horsepower, all-wheel drive, and can go 0-62 mph in 3.7 seconds.
Volvo has stopped accepting new orders for the EX30 in the US; only existing inventory remains.
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Bending Spoons, the owner of AOL and other tech companies, raised $1.7 billion by selling shares on the stock market. The company focuses on buying struggling tech firms and improving them, using technology like artificial intelligence (AI) to help grow their businesses.
Key Facts
Bending Spoons sold 58 million shares at $29 each in its initial public offering (IPO).
The company received $1 billion from the sale, and the total market value reached $25.5 billion.
Bending Spoons owns companies such as Eventbrite, Vimeo, and recently acquired AOL.
AOL was a major internet company in the 1990s and early 2000s but struggled after the dot-com crash.
Founded in Italy in 2013, Bending Spoons has bought over 50 companies and reorganized them.
The company uses AI to help improve the services of its acquired businesses.
In early 2026, Bending Spoons earned $27.5 million profit on $601 million revenue.
Bending Spoons has about 500 million monthly users and 9 million paying customers.
The company holds nearly $4.4 billion in debt and will use some IPO money to buy more companies.
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Hawai‘i plans to build a new $4.7 million facility in Wahiawā that will crack eggs to meet rising demand for eggs in schools and other institutions. The project aims to boost local food production but has raised concerns about who will benefit and whether it will help local farmers.
Key Facts
The facility will crack low-grade eggs to supply liquid eggs for the Department of Education and other customers.
Hawai‘i’s schools currently use less than 1% frozen or liquid eggs but expect demand to rise with increased egg-based meals.
The property for the facility will cost $4.7 million.
The project is part of a larger plan to create centralized food facilities to support local agriculture and schools statewide.
State officials, led by Senator Donovan Dela Cruz, are pushing the project to improve local food security.
Some lawmakers worry public money may primarily benefit a large local egg producer rather than smaller farmers.
The Department of Education wants to purchase 30% of its food locally by 2030.
The facility is necessary because schools cannot buy eggs in shells but require pre-processed liquid eggs.
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The United States has decided not to renew the USMCA trade agreement with Canada and Mexico yet. The US government will continue talks to fix issues in the agreement and address trade deficits but has not agreed to extend the pact in its current form.
Key Facts
The US Trade Representative announced the US will not renew the USMCA now.
USMCA is a trade deal between the US, Canada, and Mexico that started in 2020 and is set to expire in 2036.
The US says the agreement did not reduce its trade deficits with Canada and Mexico as expected.
If the three countries do not all agree to an extension, the deal will require annual reviews instead of a long-term renewal.
Canada and Mexico want to continue discussions and support the agreement.
The US plans to meet with Mexico in late July to discuss the trade pact.
President Donald Trump has expressed mixed feelings about the agreement, calling it of “no real advantage” but being open to negotiation.
Despite the US decision, the USMCA remains in effect until it eventually expires in 2036.
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Mortgage interest rates have gone up again after falling earlier in 2025. With a Federal Reserve meeting in July where rates might rise further, homebuyers and people refinancing their homes should take certain steps now to protect themselves from higher costs.
Key Facts
Mortgage interest rates dropped by about 1% earlier in 2025 but have since increased again.
Rates were below 6% as recently as April, but now many borrowers face higher rates.
The Federal Reserve meeting on July 28 may lead to a rate increase, with a 27% chance according to an industry tool.
Borrowers should check their credit reports for errors and work on improving their scores since better credit can lower mortgage rates.
Shopping around with different lenders can find better mortgage rate offers, potentially saving up to a full percentage point.
Locking in a mortgage rate now can protect borrowers from further increases, even if rates are not ideal.
If rates drop later, borrowers who locked in rates might be able to switch to a lower rate before their loan closes.
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The article discusses whether people should stop saving for retirement while paying off debt. It explains that stopping retirement contributions can have long-term costs, especially if employers offer a matching contribution, but paying off high-interest debt like credit cards may make financial sense.
Key Facts
Managing debt and saving for retirement are both big financial challenges.
Credit card interest rates are high, often above 21%, which is a cost that is hard for investments to beat.
Employers often match 401(k) contributions, which is like free money and usually worth 4-5% of pay.
Missing out on employer matching means losing thousands of dollars in potential retirement savings.
Stopping retirement savings can reduce compounding growth, which helps investments grow over time.
People with employer matching should usually keep contributing while paying down debt.
If there is no employer match, it may be more reasonable to focus on paying off debt first.
Age matters: younger people can afford to pause contributions temporarily more than those close to retirement.
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President Trump’s administration announced it will not renew the United States–Mexico–Canada Agreement (USMCA) as it currently stands. The decision came on the deadline day for renewing the trade deal, which President Trump originally made with Canada and Mexico during his first term.
Key Facts
The USMCA is a trade agreement between the United States, Mexico, and Canada.
President Trump helped create the USMCA during his first term in office.
The administration decided not to renew the USMCA in its current form.
The announcement was made on the deadline day for renewal.
U.S. Trade Representative Jamieson Greer delivered the statement about the decision.
The article does not specify what changes, if any, will be made to the agreement next.
The decision affects trade relationships among the three North American countries.
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Olivia Rodrigo has partnered with Lego to create a new collection of Lego sets inspired by her music and personal style. The collection includes five sets based on her three albums and features minifigures of her famous performances. Olivia helped design the sets, which will be available worldwide starting August 1.
Key Facts
The Lego Editions Olivia Rodrigo collection has five sets inspired by her albums "Sour," "Guts," and "you seem pretty sad for a girl so in love."
It is the first time a musician has gotten multiple dedicated Lego sets.
The sets include five new minifigures of Olivia Rodrigo based on her well-known performances.
Olivia Rodrigo actively took part in designing the Lego sets.
The sets include little details and references to her songs, memories, outfits, and moments.
Lego’s marketing officer said the collection aims to help fans connect with Olivia’s music and express themselves through building.
The collection will launch globally on August 1.
Fans can pre-order the first three sets now on the Lego website.
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Top central bankers from the U.S., Europe, Canada, and the UK agree they should communicate less clearly about their future policy plans. They want to rethink how they guide the markets and public to make better decisions about interest rates and money policies.
Key Facts
Central bankers at a conference in Portugal, including ECB President Lagarde, Bank of England Governor Bailey, Bank of Canada, and U.S. Federal Reserve Chair Kevin Warsh, shared similar views on reducing detailed forward guidance.
Forward guidance means telling the public and markets exactly what the central bank plans to do in the future with interest rates.
Leaders said forward guidance can trap them and is hard to change once given.
Lagarde supports "framework guidance," which explains how decisions are made, but Warsh prefers less detailed commitments.
Warsh will announce members of five task forces soon to provide outside advice on Fed operations.
These task forces aim to suggest improvements by the end of the year.
Warsh referenced the challenges caused by policies made after the 2008 financial crisis and calls this a rare chance to rethink basics.
Former Bank of England Governor Mervyn King will lead a new task force on how central banks communicate.
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French shipping company CMA CGM Group will buy FedEx Supply Chain, FedEx's logistics division, for $1.4 billion. This purchase will expand CMA CGM’s logistics business in the U.S. and is part of a larger plan to invest $20 billion in American logistics by 2025.
Key Facts
CMA CGM Group is a French container shipping company.
It will buy FedEx Supply Chain, FedEx’s third-party logistics unit, for $1.4 billion.
This acquisition will triple the size of CMA CGM’s logistics branch, CEVA Logistics.
CMA CGM plans to invest $20 billion in U.S. warehousing, air cargo, and logistics over four years starting in 2025.
The companies plan to make multi-year agreements for air and ocean freight services.
FedEx is focusing more on its delivery business, especially in healthcare, automotive, aerospace, and data centers.
FedEx recently completed the spinoff of FedEx Freight on June 1.
The deal is expected to finish later in 2024 after regulatory approval, with air and ocean freight agreements finalized between 2026 and 2028.
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Walmart has signed its first deal to buy electricity from a nuclear power plant in Illinois. The agreement will supply 176 megawatts of clean energy starting in 2029 to support Walmart's new distribution center and help meet its goal of zero emissions by 2040.
Key Facts
Walmart will get nuclear power from Constellation's Dresden Clean Energy Center in Illinois.
The electricity contract lasts for two 15-year periods starting in 2029 and 2030.
This is Walmart’s first nuclear power purchase and one of the first for a U.S. retailer.
Walmart aims to achieve zero emissions in its global operations by 2040.
The nuclear power will support Walmart’s new high-tech distribution center in Belvidere, Illinois.
Nuclear power offers reliable, emissions-free electricity but has concerns around radioactive waste and safety.
Tech companies like Microsoft, Amazon, and Meta are also signing large deals for nuclear power to supply data centers.
Walmart operates about 175 stores and clubs in Illinois, where this power will be used.
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CBS Mornings Deals is offering special discounts on various products designed to improve daily life. Customers can visit cbsdeals.com to find and buy these discounted items.
Key Facts
CBS Mornings Deals presents exclusive discounts on selected products.
The deals aim to enhance everyday lifestyle.
Shoppers can access these offers by visiting cbsdeals.com.
CBS earns commissions from purchases made through their website.
The feature is part of the CBS News program CBS Mornings.
The deals are promoted through CBS News and the CBS News app.
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A new study shows that in the next decade, more houses may be built than people want to buy in the U.S. This could cause home prices to stop rising or even go down, creating better chances for buyers to find affordable homes.
Key Facts
The housing market has faced a shortage of homes, rising prices, and high mortgage rates for years.
The Mortgage Bankers Association study forecasts that demand for new homes will slow down from 2025 to 2035, averaging about 1.13 million homes per year.
During the same period, about 12.6 million new housing units could be built, likely exceeding demand.
Demographic changes, such as fewer young people and lower birth rates, are expected to reduce the need for new houses.
Aging baby boomers may leave homes to heirs who might sell them, adding to the supply of homes for sale.
After 2035, demand for new homes could fall even more, to roughly 802,000 yearly.
Some housing markets already have more homes for sale and fewer buyers moving in, leading to more competition among sellers.
Experts warn that while prices may fall in the long term, buyers needing homes now should not wait years for prices to drop.
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U.S. home prices have risen sharply since the start of the COVID-19 pandemic, increasing nearly 30% nationwide between 2019 and 2025. Some states saw much higher increases due to high demand, low supply, and migration, while other states had smaller price rises or recent corrections.
Key Facts
From 2019 to 2025, U.S. home prices grew by about 30% on average.
Maine and Vermont saw the largest increases, around 62%.
Nine states reported home price increases over 50%, including Connecticut, Florida, New York, and South Carolina.
States with many new homes built, like Arizona and Texas, may see slower or declining home prices soon.
States with restricted home building, like New York and Massachusetts, are expected to continue price increases.
Home prices are still rising nationally in 2026 but at a slower rate of about 1-2% per year.
Mortgage interest rates rose sharply in 2022 and have stayed high, making borrowing more expensive.
The pandemic and rise of remote work pushed many people to move to cheaper areas, increasing demand there.
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