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Miami voters will decide if the city can work with a private company to restore the Miami Marine Stadium, a historic and architecturally unique venue on Virginia Key. The stadium, once a popular site for powerboat races and concerts featuring famous performers like Jimmy Buffett, has been closed and damaged since 1992.
Key Facts
The Miami Marine Stadium opened in 1963 as the only U.S. venue for powerboat racing.
The stadium features a large concrete cantilevered roof and has a view of downtown Miami.
It was designed by Hilario Candela, a Cuban refugee, in his late 20s.
The stadium was damaged during Hurricane Andrew in 1992 and closed afterward.
It is listed on the U.S. National Register of Historic Places since 2018.
Famous events include performances by Jimmy Buffett and Gloria Estefan, and a 1972 campaign rally with President Richard Nixon and Sammy Davis Jr.
The venue has been fenced off and covered with graffiti in recent years.
Restoration would involve a public-private partnership if voters approve the plan.
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Berkshire Hathaway increased its investment in Alphabet, Google's parent company, during the second quarter of 2026. The company also expanded its holdings in homebuilders and some other sectors while reducing shares in several financial companies and other stocks.
Key Facts
Berkshire Hathaway bought about 48.1 million more shares of Alphabet, totaling roughly 106 million shares valued at $37.76 billion by June 30.
At the end of 2025, Berkshire held 17.8 million Alphabet shares worth $5.6 billion.
Berkshire increased its stake in homebuilder Lennar by nearly 30% and started a small position in D.R. Horton valued at about $580,000.
In July, Berkshire completed a $6.8 billion purchase of homebuilder Taylor Morrison.
Berkshire greatly increased shares in Delta Air Lines and Macy’s, worth $5.37 billion and $173 million respectively by June 30.
The company reduced holdings in Kroger, Nucor, DaVita, and sold all shares of Constellation Brands.
Berkshire cut its stakes in Bank of America, Ally Financial, and Capital One Financial by 6%, 6.9%, and 58%, respectively.
Greg Abel became CEO in early 2026, and Berkshire Hathaway does not publicly comment on its stock buying and selling each quarter.
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A national bank regulator appointed by President Donald Trump has given conditional approval for World Liberty Trust, a crypto company linked to the Trump family, to become a bank. This approval allows the company to issue a stablecoin tied to the U.S. dollar, potentially increasing its profits and client base. Democratic lawmakers have raised concerns about possible conflicts of interest.
Key Facts
World Liberty Trust is 38% owned by an entity affiliated with President Trump and his family.
The company received conditional approval to operate as a bank and issue a U.S. dollar-backed stablecoin.
This is the first time a sitting president's family has been granted bank status in the U.S.
Previously, World Liberty Financial used a third-party crypto firm, BitGo, to handle stablecoins but will now do this directly.
Stablecoins are digital currencies tied to stable assets like the U.S. dollar, making them less risky than cryptocurrencies such as Bitcoin.
President Trump has earned over $1.4 billion from his family's crypto ventures, according to his financial disclosures.
The Trump family’s company raised about $5 billion shortly after going public, with investments from individuals and foreign governments.
Some lawmakers worry about conflicts of interest because President Trump’s assets are managed by his children, not an independent trustee.
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Reform UK plans to change the UK welfare system to save more than £50 billion. The party wants to reduce payments for nearly three million disability claimants and introduce new support like therapies and job help instead of some current benefits.
Key Facts
Reform UK aims to save over £50 billion by overhauling welfare, including £22 billion from disability benefit reforms.
About 2.89 million people receiving disability payments may have their benefits reduced or stopped after new assessments.
New assessments would be more thorough, done in person, and would target fraudulent claims.
People with less severe conditions would no longer get payments but would get support from local councils.
Employers would get financial incentives to help sick employees return to work.
Payments would continue regularly for those who are very ill and severely disabled.
Personal Independence Payment (PIP) supports 3.7 million people in England and Wales with long-term health issues.
Reform UK criticizes current Conservative proposals as weaker and says their plan is more extensive.
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Kalshi, a company that runs a prediction market, is responding to Nevada state officials who say Kalshi did not follow rules about limiting access to users in certain locations (called geofencing). Kalshi argues that Nevada’s gaming regulator broke federal laws while making these claims.
Key Facts
Kalshi operates a prediction market, which is a platform for trading contracts based on future events.
Nevada gaming officials claim Kalshi did not meet geofencing rules by the August 12 deadline.
Geofencing means using technology to restrict users based on their geographic location.
Kalshi filed a legal motion opposing Nevada’s accusations in state court on a Friday evening.
Kalshi contends that the state’s gaming regulator violated federal law in handling this issue.
The disagreement centers on compliance with state regulations and the limits of federal authority.
This conflict highlights ongoing challenges in regulating online market platforms in different states.
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A cryptocurrency company partly owned by President Donald Trump’s family got initial conditional approval to operate as a national trust bank. The approval came from the Office of the Comptroller of the Currency, which oversees national banks.
Key Facts
The crypto company is called World Liberty Trust Co.
It is partially owned by President Trump’s family.
The Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval.
The approval is for a bank charter, allowing the company to operate as a national trust bank.
The OCC is the government agency responsible for regulating and supervising national banks in the U.S.
The approval is conditional, meaning the company must meet certain requirements before final approval.
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Chef Rasmus Sjødahl is updating traditional Danish baked goods at Copenhagen Bakery by using high-quality ingredients. He adds new flavors like cardamom to classic Danish recipes to create unique treats.
Key Facts
Chef Rasmus Sjødahl works at Copenhagen Bakery (Københavns Bageri).
The bakery focuses on Danish traditional recipes.
Sjødahl uses high-quality ingredients to improve these recipes.
He introduces imported flavors such as cardamom.
The goal is to create a new twist on classic Danish baked goods.
The bakery is featured in a CBS News segment.
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CBS Mornings Deals offers special discounts on products that can make daily life easier. People can visit cbsdeals.com to buy these items and save money. CBS earns a commission when customers purchase through their website.
Key Facts
CBS Mornings Deals features products with exclusive discounts.
The deals are shown during a CBS News segment.
Customers can shop for these items at cbsdeals.com.
Buying through the website helps customers save money.
CBS receives a commission from purchases made on the site.
The discounts focus on products that improve everyday life.
The deals are promoted via CBS News and its app.
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The UK’s largest electric vehicle (EV) battery factory in Sunderland has paused plans to expand because talks to supply batteries to Jaguar Land Rover (JLR) have stalled. The delays highlight challenges in the growing EV market, with slower-than-expected demand and difficulties for UK and European battery makers.
Key Facts
The Sunderland gigafactory is owned by Chinese company AESC and makes batteries for Nissan.
Expansion plans paused due to stalled negotiations with Jaguar Land Rover over battery supply deals.
Jaguar Land Rover’s sister company, Agratas, is building a new battery factory in Somerset, expected to open in 2027 but facing construction delays.
Nissan has lowered its EV production plans and closed one assembly line in Sunderland while starting to work with Chinese carmaker Chery.
The UK government is considering lowering targets for electric car sales, which may hurt the EV supply chain.
The EV battery industry in Europe and the UK has struggled, with some projects going bankrupt or scaling down.
The shift to electric cars has slowed as demand has not grown as fast as originally expected.
Higher interest rates and changing government policies, including those under President Donald Trump in the US, have also affected the EV battery market.
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This article discusses how people feel about using GLP-1 medications like Ozempic, Wegovy, and Zepbound to lose weight. It highlights that some people, especially women, feel ashamed or reluctant to admit using these drugs, while others openly share their experience.
Key Facts
GLP-1 drugs like Ozempic, Wegovy, and Zepbound help people lose weight.
Some users hide their use of these medications because they feel ashamed or worry others will say their weight loss wasn’t “earned.”
Others openly talk about using the drugs and do not see it as cheating.
The article shared stories from both men and women who have lost significant weight with these medications.
There is no clear proof that women hide their use of GLP-1 drugs more than men.
A main issue is how society judges weight loss and whether it was achieved “the right way.”
GLP-1 medications have led to a social challenge around honesty and stigma linked to weight loss methods.
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This week, major U.S. retailers like Home Depot, Target, Lowes, and Walmart will release their earnings reports. Investors will also review the Federal Reserve's meeting notes to understand future interest rate changes amid ongoing inflation and economic concerns.
Key Facts
Home Depot reports earnings on Tuesday; Target and Lowes follow on Wednesday; Walmart reports on Thursday.
These earnings will show how consumers and businesses are managing high inflation over 3%.
Rising oil prices due to the U.S.-Iran conflict have increased gasoline and shipping costs.
Higher costs may lead people to change or reduce their spending.
Home improvement sales reports from Home Depot and Lowes indicate trends in the housing market.
Retail results from Target and Walmart reveal how families are budgeting and spending.
The Federal Reserve's July meeting minutes will be released Wednesday to provide details on interest rate decisions.
The Fed kept rates steady in July; however, some officials wanted higher rates, and one rate hike is expected before 2027.
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The article explains how social media jobs are becoming important and well-paid in government and business. More politicians and companies use platforms like TikTok to reach and engage their audiences. Experienced social media workers help create strategies and handle customer interactions behind the scenes.
Key Facts
The UK government has created five new social media jobs, with the top role paying nearly £70,000 per year.
Social media has been a political tool in the US for years, including during President Trump’s administration.
The author worked at CNN managing TikTok content, growing their channel to almost 12 million followers.
Social and video networks now have more audience share than traditional news websites, according to Oxford’s Reuters Institute.
Many social media workers have marketing knowledge and increasingly hold important roles in businesses.
Social media roles often involve large responsibilities but sometimes come with unclear job descriptions and lower pay.
Social media teams handle customer interactions and play a key role in shaping public image.
The rise of social media has changed how careers in media and marketing develop, with no single path into the industry.
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A report finds that weight-loss drugs called GLP-1 medications are very expensive and mostly benefit only wealthy people. Most users pay privately, and only those with high incomes save money on food bills after buying these drugs. Lower earners often spend more overall because the drug costs are higher than their grocery savings.
Key Facts
GLP-1 weight-loss drugs cost about £1,200 a year on average.
Only people with nearly £100,000 in disposable income save money after buying these drugs.
Lower and middle earners spend more on the medication than they save on groceries.
Many users also spend extra on vitamins and personal care to handle side effects.
About 5% of adults in Britain currently use weight-loss medication, expected to rise to 13% next year.
Sixty percent of GLP-1 drug users are women.
Access through the NHS is limited to a small group, so most buy the drugs privately.
Frequent stopping and restarting due to high costs can cause weight regain and financial strain.
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A Picasso print stolen from a Milwaukee art gallery in 2018 was recently found by a landlord cleaning an empty apartment. The artwork, one of 30 signed by Picasso, has been returned to the police and is now with its original owner’s gallery.
Key Facts
The stolen artwork is a Picasso print named Torero.
It was taken from DeLind Fine Art Appraisals in Milwaukee in 2018.
A Milwaukee landlord found the print while cleaning out an apartment of an evicted tenant.
The print still had the original gallery’s sticker on the back.
The artwork was estimated to be worth $35,000 to $50,000 when stolen, and may now be valued closer to $50,000 due to its history.
Milwaukee police have the print while the gallery owner works with an insurance company.
The police are still investigating the theft, but the usual time limit for theft cases is six years.
The gallery owner’s former business partner was very upset about the theft and checked every year for news about the print.
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American Airlines had a mistake where two planes used the same flight number and radio channel at the same time. This error could have caused serious safety issues for the airline.
Key Facts
Two American Airlines jets shared the same flight number briefly.
Both planes used the same radio frequency during this time.
This situation is dangerous because it can cause confusion for pilots and air traffic controllers.
The airline recognized the problem after it happened.
No accidents or incidents were reported linked to this mistake.
The error highlights potential risks in airline communication systems.
American Airlines operates many flights daily, making accuracy important.
The airline is likely reviewing its procedures to prevent this from happening again.
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Mark Rydell, a movie director known for the film "On Golden Pond," died at age 97 from natural causes. He directed several well-known movies and worked with famous actors like Henry Fonda and Katharine Hepburn. "On Golden Pond" was nominated for 10 Oscars and made over $119 million at the box office.
Key Facts
Mark Rydell was nominated for an Oscar for directing "On Golden Pond."
The film earned 10 Oscar nominations and won 3 awards, including acting honors for Henry Fonda and Katharine Hepburn.
"On Golden Pond" grossed over $119 million in 1981, making it the second-highest earning film of that year.
Henry Fonda’s role in the film was his last movie performance before his death.
Rydell was born in New York City in 1929 and originally named Mortimer Harold Rydell.
He started his career as an actor before moving into directing television and movies.
Rydell directed other Oscar-nominated films like "The Fox" and "The Rose."
He died at a retirement community in Los Angeles and was survived by his daughter Amy Rydell.
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A Maryland state tax court canceled the state’s digital advertising tax and ordered refunds to Apple, Google, and Peacock TV. The court ruled the tax broke federal and constitutional rules, including the Internet Tax Freedom Act and protections for free speech and commerce.
Key Facts
Maryland’s tax court struck down the state’s digital advertising tax passed in 2021.
The tax applied to large companies making over $100 million globally from digital ads shown in Maryland.
Tax rates ranged from 2.5% to 10%, increasing with the company’s global revenue.
Big tech companies like Apple, Google, and Peacock TV must be refunded tax payments they made.
The court said the tax violated the Internet Tax Freedom Act, the First Amendment, and constitutional commerce and due process rules.
The tax was challenged partly because it blocked companies from informing customers about the tax, violating free speech rights.
Maryland officials disagree with the ruling and plan to continue legal efforts to keep the tax.
The court emphasized that Congress oversees interstate commerce, so states cannot tax global revenue from digital ads.
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Prime Minister Andy Burnham announced £65 million in funding to support farmers affected by drought and climate change. The money will mainly boost a farming program that helps the environment and will also help build reservoirs and improve water access for farmers during dry periods.
Key Facts
The government is providing £65 million to help farmers deal with drought caused by climate change.
Most of the funds (£50 million) will go to the Sustainable Farming Incentive (SFI), which pays farmers to protect nature.
The total SFI budget will rise to £290 million with this addition.
Farmers can now use some land earlier than usual for grazing without losing payments due to drought conditions.
£15 million is allocated for building on-farm reservoirs to store water for future dry summers.
Easier access to water and faster licensing will help farmers use water where it is needed most.
Burnham chaired a government meeting to coordinate responses to heatwaves, wildfires, and drought.
Nine new reservoirs are being supported to address water scarcity issues.
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Magnum, a leading ice cream company, is developing new products and improving production to stay competitive amid fluctuating costs for ingredients and energy. They are also using advanced technology like AI-powered fridges to cut costs and improve sales management. Innovation is seen as essential to handle market challenges and grow the business.
Key Facts
Magnum is the world’s largest publicly listed ice cream maker and was spun off from Unilever last year.
Rising prices for dairy, sugar, and energy have made ice cream production more costly.
Magnum owns about three million fridges worldwide, some equipped with AI cameras that monitor stock levels.
New fridges are 40% more energy efficient than models from 2010, helping reduce costs.
Magnum has developed a glow-in-the-dark ice lolly containing vitamin B2, aimed at clubbers and festival-goers.
Asia, especially Japan, Korea, and China, is a major source of ice cream innovation.
One new product is “Volcanics,” with multiple ice cream layers and a caramel center, inspired by Asian trends.
Innovation and efficient technology are seen as crucial to make the business more resilient in a volatile market.
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Oma's Pride, a pet food company in Connecticut, recalled 639 bags of frozen raw dog food due to salmonella contamination after a consumer complaint and FDA testing. The recall affects products sold in 11 states, and health officials warn that salmonella can make both pets and people sick.
Key Facts
The recalled product is Woof Complete Canine Chicken Recipe Frozen Raw Dog Food, made by Oma's Pride in Avon, Connecticut.
The recall covers one lot, lot number BB012729, with 639 six-pound bags produced on January 27, 2026.
The product was sold in 11 states including Arizona, California, New York, Pennsylvania, and Virginia.
Three illness cases linked to the recall have been reported, but it is unclear if they are people or animals.
Salmonella bacteria can infect pets that eat the food and people who handle the product or pet items.
Consumers who bought the product should stop using it, throw it away safely, clean related surfaces and containers, and wash their hands thoroughly.
Oma's Pride is investigating the issue and is offering refunds for the recalled items.
The number of pet food recalls has nearly doubled recently, raising concerns about the safety of raw pet food products.
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