OpenAI is thinking about postponing its plan to sell shares to the public, called an IPO, until next year. This decision follows watching SpaceX’s recent entry into the stock market.
Key Facts
OpenAI plans to have an IPO, which means selling company shares to public investors.
The company is considering delaying this IPO until next year.
OpenAI’s decision comes after observing SpaceX’s recent stock market debut.
The information was reported by the New York Times.
Megan Leonhardt from Barron’s discussed this news on CBS.
The IPO delay means OpenAI might wait longer before allowing public investment.
SpaceX’s market performance may influence OpenAI’s timing for the IPO.
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The article explains recent changes to ISAs (Individual Savings Accounts) and Lifetime ISAs in the UK. It provides information on how these changes may affect personal savings and investments.
Key Facts
ISAs are tax-free savings accounts available in the UK.
Lifetime ISAs help people save for their first home or retirement.
Recent changes were made to the rules governing these accounts.
The article explains new limits or benefits in simple terms.
These changes may influence how much people can save or invest each year.
The updates aim to make savings more effective for individuals.
The article includes practical advice from money expert Martin Lewis.
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President Donald Trump warned that the United States will impose a 100% tax (tariff) on all goods from any country that introduces a tax on digital services provided by American companies. He specifically addressed European countries considering such digital taxes and said this new tariff would replace any existing trade agreements.
Key Facts
President Trump announced the threat of a 100% tariff on imports from countries taxing U.S. digital services.
The warning was posted on social media targeting European countries planning digital taxes.
The tariff would apply immediately and override any current trade deals.
Trump has pushed back before against foreign digital taxes on American tech companies.
The threat comes ahead of a July 4 deadline for the U.S. and European Union to approve a trade deal capping EU exports’ tariffs at 15%.
The EU-U.S. trade deal finalized in May did not include rules about digital taxes.
Digital taxes remain a key point of disagreement between the U.S. and the European Union.
European Commission chief Ursula von der Leyen helped finalize the trade deal during a visit to President Trump’s golf course in Scotland.
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When a person dies, their unpaid debts are paid from their estate through a legal process called probate. Creditors and debt collectors have a limited time, set by state law, to file claims against the estate, and this time varies depending on where the deceased lived.
Key Facts
Probate is the legal process used to settle a deceased person's financial affairs.
During probate, creditors can file claims to get paid from the estate’s assets.
Each state sets a deadline, called a creditor claim period, for how long creditors have to submit claims.
These deadlines can be just a few months in some states or longer in others, often six months or more.
If creditors miss the deadline, they may lose the right to collect from the estate’s assets.
Some debts like mortgages or car loans are secured by property and may still require payment even after probate ends.
Probate deadlines differ from the statute of limitations, which sets how long a creditor can sue for unpaid debts.
Estates have a priority system for paying debts; some costs like funeral expenses and taxes get paid before other debts.
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The article explains that MBA (Master of Business Administration) program prices are being reduced to help more people get advanced business education. The goal is to increase the number of skilled professionals in the U.S. workforce during a time when their skills are urgently needed.
Key Facts
MBA program costs are being lowered.
The change aims to make advanced business education more affordable.
America currently faces a shortage of educated workers.
Skilled business professionals are important for the country's economy.
Increasing the number of trained professionals will help meet workforce demands.
The price reduction may attract more students to pursue MBA degrees.
The move reflects concerns about economic growth and competitiveness.
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The new Federal Reserve Chairman, Kevin Warsh, has not clearly explained how he will respond to changes in the economy. This makes it hard to predict what the Fed will do with interest rates this year, with possibilities ranging from increasing rates to keeping them the same.
Key Facts
Kevin Warsh is the new chairman of the Federal Reserve.
Warsh has not given clear guidance on future interest rate policy.
Inflation has been above the Fed’s 2% target for five years.
Recent inflation may be influenced by one-time factors like tariffs and supply disruptions.
There is uncertainty about how much inflation is due to ongoing issues versus temporary causes.
Some experts think the Fed may raise rates sharply; others think it may maintain current levels.
Warsh plans to speak more publicly at an ECB conference and before Congress before the July policy meeting.
Predicting the Fed’s actions is more difficult now compared to the past dozen years.
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Debt forgiveness, also called debt settlement, can help reduce credit card debt by negotiating with creditors to pay less than what is owed. For a $45,000 credit card debt, borrowers could have between $13,500 and $22,500 forgiven, depending on their financial situation and how late their payments are.
Key Facts
Credit card interest rates average nearly 22%, causing high monthly interest charges.
Credit card debt over $40,000 can make minimum payments take up a large part of a monthly budget.
Debt forgiveness means settling debt for less than the full amount owed, often between 30% and 50% less.
For $45,000 debt, settlement amounts usually range from $22,500 to $31,500.
Creditors negotiate settlements mainly if accounts are delinquent (payments missed or late).
Demonstrating financial hardship increases chances of creditors accepting less debt repayment.
Debt forgiveness can impact credit scores, cause late fees, and may have tax consequences.
Debt relief programs usually help borrowers who are struggling financially, not those comfortably paying their bills.
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The cost of owning a home is rising, with higher prices for buying and additional expenses for repairs. Kelly O'Grady shares tips on how to save money when working on home projects.
Key Facts
Home prices are currently higher than they have been before.
Owning a home involves more costs than just buying it, including repair expenses.
Most homes need repairs at some point.
Kelly O'Grady offers advice on reducing costs during home improvement projects.
The article is part of CBS News coverage and can be viewed in the CBS News App or browsers.
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A long-term certificate of deposit (CD) account lets you save a fixed amount of money, like $40,000, for a set time while earning interest at a steady rate. Current rates are above 4%, which means the money you put in can grow significantly, but you must keep it locked in for the full term to avoid penalties.
Key Facts
Long-term CDs have fixed interest rates, often over 4% right now.
A $40,000 CD can earn from about $2,500 in 18 months to over $20,000 in 10 years.
CDs protect your initial money (called the principal) and are insured up to $250,000.
Interest rates on CDs won’t change during the term, even if market rates go up or down.
Early withdrawal from a CD usually means paying a penalty, so the money should stay in the account until it matures.
Terms for long-term CDs start around 18 months and can go up to 10 years or more.
Shopping online can help you find the best CD rates and terms from different banks and lenders.
With current interest rates steady, savers can take time to compare options without rushing.
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Volkswagen Group plans to close up to four factories in Germany and cut about 15 percent of its workforce to lower costs and improve efficiency. The company faced a 44 percent profit drop in 2025 and expects challenges to continue in 2026, prompting a major business transformation.
Key Facts
Volkswagen’s profits fell 44 percent in 2025 to 6.9 billion euros ($7.9 billion).
The company plans to reduce its workforce by around 15 percent, which means cutting about 95,000 jobs in Germany.
Factory closures are being considered in Hannover, Zwickau, Emden, and Audi’s Neckarsulm plant.
VW Group employs over 650,000 people across its brands and divisions.
The company aims to simplify its products, technology, and management to cut costs and improve efficiency.
Sales of electric vehicles in Europe were good, but sales fell in North America and China, affected by tariffs.
The state of Lower Saxony partly owns VW Group and has traditionally opposed factory closures.
Volkswagen’s CEO Oliver Blume will propose the closure and job cut plan to the company’s board soon.
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RJ Scaringe, CEO of Rivian, said carmakers that focus on gas and hybrid engines risk falling behind technology by the end of the decade. He explained that companies investing heavily in electric vehicle (EV) technology and software will be better prepared for the future, while those chasing short-term profits with petrol cars may struggle.
Key Facts
Rivian is an electric car company backed by Amazon and started delivering its R2 SUV in the US.
Many carmakers are focusing on profitable petrol and hybrid vehicles instead of investing in EVs and software.
US and European automakers have written off over $70 billion in EV investments recently.
The Trump administration reduced incentives for producing and buying EVs.
Rivian lost $3.6 billion in 2025 due to heavy spending on the R2 model and self-driving technology.
Rivian has partnerships with Amazon, Volkswagen, and Uber to develop EVs and software technology.
Electric vehicles made up 7.8% of US car sales in 2025, with Rivian’s R2 expected to boost this share.
Scaringe warned that traditional carmakers’ old designs make it harder and costlier to update technology compared to EVs with centralized computer systems.
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This article explains how to avoid or get out of an overdraft, which happens when you spend more money than you have in your bank account. A finance expert, Iona Bain, provides advice on managing overdrafts.
Key Facts
An overdraft happens when you spend more than your bank account balance.
Overdrafts can lead to extra fees and interest charges from the bank.
Iona Bain is a finance expert who gives tips on managing overdrafts.
The article is connected to a video segment from BBC’s Morning Live program.
The video requires enabling JavaScript to watch and has subtitles available on BBC iPlayer.
The aim is to help viewers understand how to escape overdraft problems.
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The article shares a carefully selected list of over 50 good deals available during Prime Day 2026, across various product categories like kitchen, home, sleep, travel, tech, beauty, and fashion. The items were personally tested and prices verified to avoid fake discounts, helping shoppers find real savings.
Key Facts
The article covers more than 50 personally tested and verified deals for Prime Day 2026.
Deals span categories such as kitchen tools, home appliances, sleep products, travel gear, technology, beauty, and fashion.
Editors fact-checked prices to avoid misleading "list prices" and fake discounts.
Examples of top deals include the Our Place Titanium Always Pan Pro (now $129, was $179) and the Levoit Tower Fan (now $54.95, was $74.99).
The Ninja Creami Ice Cream Maker is discounted by 23%, priced at $169.99 from $219.99.
The list is updated daily as new deals become available during the sale.
The article is designed to help shoppers avoid wasting money on poor deals by highlighting only the best offers.
Readers can also find information about deals at other retailers during the Prime Day event.
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In Sialkot, Pakistan, about 25 women hand-stitch footballs using waxed thread, continuing a tradition linked to World Cup balls made there since 1982. While hand stitching is now mostly used for special premium balls, machine-made balls dominate the market, causing uncertain work for these stitchers.
Key Facts
Sialkot, Pakistan, has made footballs for decades, including official World Cup balls since 1982.
Around 25 women work by hand stitching football panels at a local stitching center.
Hand stitching uses waxed polyester thread pulled through pre-punched panels.
The workers’ hands show signs of wear from years of stitching.
Most football production now uses machines or thermal bonding, not hand stitching.
Hand stitching is mostly for high-quality training, retail, and promotional balls.
Orders for hand-stitched balls can be inconsistent, leading to uncertain income for workers.
Sialkot’s football-making industry sees a higher demand during World Cup periods.
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A former supermarket cashier reveals that stores keep rotisserie chicken cases and bread shelves full to look appealing, leading to large amounts of food being wasted daily. In the US, supermarkets throw out a significant portion of food, contributing to landfill waste and greenhouse gas emissions, while many people face hunger and food insecurity.
Key Facts
Supermarkets fill rotisserie chicken cases and bakery shelves to attract customers, throwing out unsold food each day.
About 31 percent of food waste in the US happens at the supermarket level, equal to 133 billion pounds annually.
Food waste includes edible but imperfect items and food discarded a few days before expiration dates.
It often costs more for stores to donate unsold food than to throw it away, so donations are rare.
Up to 40 percent of food produced in the US is never eaten, causing environmental and economic problems.
More Americans face hunger and basic needs struggles now than during the pandemic.
Grocery workers, many of whom are people of color or immigrants, are underpaid and face food insecurity themselves.
Since 2024, grocery worker wages have dropped by 15 percent when adjusted for inflation.
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Revolut, a digital bank based in London, will require new graduates and interns hired in 2027 to work at least three days a week in the office, moving away from its previous fully remote option for these roles. This change aims to support early-career workers with in-person mentoring, while the remote-first policy remains for other employees.
Key Facts
Revolut previously allowed all staff, including new trainees, to work remotely or from the office.
New graduates and interns joining in 2027 must work in the office at least three days weekly.
This policy change affects hundreds of junior trainees but not the wider workforce of 11,000 employees.
The remote-first policy, including working abroad for up to 120 days yearly, stays for other Revolut staff.
Revolut has over 13 million customers in the UK and was valued at $75 billion last year.
The shift aligns Revolut with other big banks tightening remote work, such as JP Morgan.
Revolut says in-person work helps early-career employees learn better through collaboration and mentoring.
Graduates hired full-time after their probation can then use the remote work options like other employees.
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The article says that corporations should quickly and clearly end their partnerships with the Southern Poverty Law Center (SPLC) when it comes to their charitable giving. It calls on Benevity, a company that manages charitable donations for businesses, to publicly stop working with SPLC.
Key Facts
Companies use Benevity to help manage their charitable donations.
The Southern Poverty Law Center is involved in some corporate charity partnerships.
The article urges Benevity to end its association with SPLC.
The call is for the action to be quick and clear.
The goal is for corporations to avoid connections with SPLC in their charity processes.
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A private art collection owned by Joe Lewis was auctioned in London, earning $392.6 million. The highlight was a nude portrait by Amedeo Modigliani that sold for $63.9 million, the highest price for his work at a European auction.
Key Facts
The auction included 48 artworks by famous artists such as Picasso, Magritte, Klimt, Freud, and Modigliani.
Joe Lewis, former owner of Tottenham Hotspur Football Club, owns the collection.
Modigliani’s painting "Nu assis au collier" sold for $63.9 million, setting a European auction record for the artist.
Gustav Klimt’s portrait "Bildnis Gertrud Loew" sold for $47.9 million to an Asian private buyer.
Lucian Freud’s "Sleeping by the Lion Carpet" sold for $38.8 million; the model depicted is Sue Tilley.
Sue Tilley described the impact of being painted by Freud, highlighting its influence on her life.
Lewis’s collection also includes works by Egon Schiele, Picasso, and Rene Magritte.
The total sale is one of the largest private art auctions in Europe but did not surpass the 2009 Yves Saint Laurent collection record.
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California has started a new law that requires companies making packaging to reduce single-use plastics and make all packaging recyclable or compostable by 2032. Seventeen states have joined a lawsuit against the law, arguing it unfairly affects businesses outside California and forces them to pay fees to a private group.
Key Facts
California’s law aims to cut single-use plastics and make packaging recyclable or compostable by 2032.
The law requires producers to reduce plastic use, increase recycling, and pay $5 billion to fix plastic pollution damage.
Only about 5-6% of plastic is currently recycled in the U.S. due to cheap new plastic and weak markets for recycled materials.
Seventeen states filed a lawsuit to block California’s law, saying it unfairly burdens companies outside California.
The law makes businesses register and pay fees to a private group called Circular Action Alliance.
Industry groups say this restricts trade between states and hands tax-collecting powers to a private group without public oversight.
Supporters argue the law fairly shares the cost of managing plastic waste between companies and communities.
The American Chemistry Council helped negotiate the law but now some industry groups are suing against it.
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