A new documentary about Elon Musk called "Musk," made by filmmaker Alex Gibney, will be released in U.S. theaters on October 9 and internationally in early 2027. The film has caused controversy, with Musk calling it a "hit piece," but the documentary has received good reviews and includes interviews and an AI-generated version of Musk speaking public quotes.
Key Facts
The documentary "Musk" was directed by Alex Gibney, a well-known Oscar-winning filmmaker.
Elon Musk refused to be interviewed for the film, so an AI version was created using his public quotes.
The film covers topics such as Tesla’s driver-assist system crashes, SpaceX, Musk’s Twitter purchase, and his personal life.
Interviews in the film include Musk’s ex-wife Justine Musk, tech journalists, engineers, and a former political influencer connected to Musk.
The film premiered at the Venice International Film Festival and will release in the U.S. on October 9.
Universal Pictures plans to release it internationally and start streaming it on HBO in early 2027.
The documentary runs for 3 hours and 45 minutes and has generally received positive critical reviews despite its length.
David Byrne contributed an original song to the film, using Musk’s own words.
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A new study estimates that building AI infrastructure will cost $10.3 trillion by 2032, which is a large part of the economy. This huge investment will need money from outside sources like banks and investors, which could affect borrowing costs for others.
Key Facts
AI infrastructure investment is expected to reach $10.3 trillion by 2032, about 3.6% of the yearly GDP.
This investment is larger than past infrastructure booms like railroads and highways.
Tech companies cannot pay for this alone, so they need loans and investments from banks, bond markets, and private credit.
Higher borrowing costs have not slowed down the AI infrastructure buildout.
For example, Meta borrowed from outside investors for a data center project, paying higher interest rates.
The AI buildout might cause borrowing costs to rise for governments, businesses, and individuals.
Outside investors include pension funds and sovereign wealth funds, spreading financial risks widely but making them harder to track.
Experts warn there might be too much AI infrastructure built, which could cause prices to fall in the future.
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U.S. and Mexican trade officials will meet soon in Washington to discuss Mexico's possible breaking of trade rules in the USMCA agreement. The issue involves Mexico's energy policies, which the U.S. says unfairly discriminate against American energy companies.
Key Facts
The meeting will happen this month in Washington, D.C.
The discussion focuses on Mexico's energy policies under the USMCA trade deal.
The U.S. claims Mexico is treating American energy companies unfairly.
USMCA stands for United States-Mexico-Canada Agreement, a trade deal between the three countries.
The U.S. wants to ensure Mexico follows the trade rules to protect American energy interests.
Trade officials from both countries will seek to resolve any disagreements.
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A journalist who covered cryptocurrency for years wrote a play about the industry's early figures and scandals, including the FTX collapse. After President Donald Trump’s 2024 election and his supportive actions toward crypto, the industry's story shifted from being outsiders facing jail to becoming more integrated with political power and mainstream influence.
Key Facts
The author spent a decade reporting on cryptocurrency, including the FTX collapse and its founder Sam Bankman-Fried’s 25-year sentence.
The play "Happenstance" opened in New York in October 2024 and features characters inspired by real crypto figures like Charlie Shrem and Sam Bankman-Fried’s family.
Early crypto stories focused on founders facing legal troubles, such as Ross Ulbricht and Arthur Hayes.
Two weeks after the play closed, President Donald Trump was elected in 2024.
President Trump pardoned several crypto figures and reduced some prosecutions against crypto industry players.
The Trump family launched a “Trump memecoin” that reportedly made $625 million in 2025.
President Trump gave a keynote speech at the 2024 Bitcoin Conference, promoting America as a crypto leader.
Under the Biden administration, crypto faced regulatory challenges, including SEC lawsuits and bank account shutdowns.
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Mortgage rates have risen above 7%, reaching their highest point in nearly two years, making it more expensive to buy a home. Experts say rates could keep rising soon due to inflation, economic growth, and the war in Iran, though there is some hope rates might fall later.
Key Facts
The average 30-year fixed mortgage rate is now about 7.03%, the highest since January 2025.
Rates have gone up over one percentage point since late February, when they were below 5%.
Inflation, tighter monetary policies, stronger economic growth, and growing federal debt are pushing rates higher.
The 30-year mortgage rate often moves along with the 10-year Treasury yield, which recently hit 5.1%, the highest in about 20 years.
The war in Iran has increased inflation and caused more uncertainty in bond markets.
Federal Reserve interest rate hikes may continue, adding pressure on mortgage rates.
Some experts predict mortgage rates might fall below 7% by the end of the year or into 2027 if inflation eases.
Home prices may soften after summer, giving buyers more choices and bargaining power despite higher rates.
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The average interest rate for a 30-year fixed mortgage has risen above 7 percent for the first time in two years. This week, the rate is 7.03 percent, continuing a trend of weekly increases.
Key Facts
The 30-year fixed mortgage rate is now 7.03 percent.
This is the first time the rate has gone above 7 percent since January 2025.
The rate increased from 6.95 percent last week.
Mortgage rates have risen for five weeks in a row.
The data comes from Freddie Mac, a company that tracks mortgage rates.
Higher mortgage rates mean it costs more to borrow money to buy a home.
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New York has filed a lawsuit against Polymarket, claiming the platform runs an illegal gambling business. This case is part of a series of legal actions New York has taken recently against similar companies like Kalshi, Coinbase, and Gemini for related reasons.
Key Facts
New York has sued Polymarket for operating what it calls an illegal gambling operation.
Polymarket is a prediction market platform where users can bet on outcomes of events.
This lawsuit is similar to recent cases New York has brought against Kalshi, Coinbase, and Gemini.
The state accuses these companies of violating gambling laws.
New York is actively working to protect its residents from companies it considers harmful to consumers.
The legal actions show a pattern of state scrutiny towards platforms involved in market predictions or trading.
Polymarket and the other companies have not been barred from operating yet but face ongoing legal challenges.
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Law firms are adopting artificial intelligence (AI) tools, but there are no uniform rules for how lawyers should use them. Courts have punished lawyers for submitting AI-generated false information, showing the need for careful review and clear policies.
Key Facts
A study found lawyers across 21 areas work without unified AI use rules, creating a patchwork of guidelines.
In 2026, 69% of legal professionals used general AI tools, but only 9% of firms had official AI policies.
Judges sanctioned lawyers in Mississippi and Wyoming for submitting legal papers with fake case references created by AI.
The American Bar Association says lawyers must keep their existing duties when using AI, such as honesty and protecting client information.
Legal experts warn that the main problem is lawyers not verifying AI-generated information for accuracy.
AI helps with routine tasks like summarizing documents and organizing data but cannot replace human judgment.
One law firm follows the rule that any important information produced by AI must be checked by a human.
Lawyers face challenges balancing AI benefits with ethical responsibilities, especially confidentiality and correct legal analysis.
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US mortgage rates have risen above 7% for the first time since early 2025. This rise follows recent interest rate increases by the Federal Reserve to combat high inflation, which is making it harder for people to buy homes.
Key Facts
Mortgage rates passed 7% for the first time since January 2025, as reported by Freddie Mac.
The Federal Reserve raised interest rates recently and may increase them again this year.
The 30-year mortgage rate had been falling but climbed again after February due to conflicts impacting inflation and energy prices.
Oil prices rose over $105 a barrel, contributing to higher inflation.
The 10-year US Treasury yield hit its highest point since 2007, increasing borrowing costs.
The US housing market is slow, with home sales at a low point in August 2026.
Wages have not kept up with inflation, making home buying harder for many Americans.
Economic concerns related to high mortgage rates may affect voter attitudes in upcoming elections.
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Mortgage rates for 30-year fixed loans rose above 7 percent, the highest since January 2025 when President Trump took office. This increase is linked to the Federal Reserve raising its key interest rate and higher yields on U.S. Treasury bonds. The rise in rates is slowing the U.S. housing market with fewer home sales and some sellers lowering prices.
Key Facts
The 30-year fixed mortgage rate surpassed 7 percent, the highest since January 2025.
President Donald Trump promised to lower borrowing costs upon his return to office.
The Federal Reserve raised its key interest rate for the first time in three years to combat inflation.
Inflation in the U.S. was 3.4 percent in August, above the Fed’s target of 2 percent.
Mortgage rates often follow the yield on the 10-year U.S. Treasury note, which recently hit a 19-year high at 5.11 percent.
Rising mortgage rates have contributed to a slowdown in the housing market, with August seeing the lowest existing home sales of 2026.
Many homeowners are staying put due to high rates, while some sellers are dropping prices to attract buyers.
Buyers are advised to budget for mortgage rates fluctuating between 6.5 and 7.5 percent, which can affect purchasing power by about $30,000 on a $2,000 monthly payment.
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More than 200 original puppets and items from Aardman studio’s famous animations, such as Wallace and Gromit and Shaun the Sheep, were auctioned in London to mark the studio’s 50th anniversary. The auction raised significant money, with some pieces selling for thousands of pounds, and the profits will fund training for new animators.
Key Facts
Over 200 original puppets and related items from Aardman’s productions were sold at auction.
Puppets included characters like Wallace, Gromit, Shaun the Sheep, Feathers McGraw, Morph, and Chas.
Each puppet is a detailed art piece made with materials like clay, silicone, metal skeletons, and resin, not meant as toys.
Starting bids were £100, but some items sold for thousands, such as Morph and Chas puppets at £3,780 and a lunch with co-founder Peter Lord for over £11,000.
Signed storyboards and other memorabilia also attracted high bids.
The auction was held by Propstore in London and marked Aardman’s 50th year.
Money raised will support Aardman’s training programs at the Aardman Academy to help develop future animators.
The collection was chosen to represent the studio’s full 50 years of work.
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The Food and Drug Administration (FDA) has warned Empower Pharmacy for making large amounts of copies of popular weight-loss drugs without following federal rules. This is the first time the FDA has stepped into the debate about when a pharmacy’s custom drug-making becomes illegal mass production of patented medicines.
Key Facts
Empower Pharmacy makes copies of weight-loss drugs that are FDA-approved by companies like Eli Lilly and Novo Nordisk.
Compounding pharmacies usually customize drugs for individual patients, but they are not reviewed by the FDA like regular drugs.
The FDA allowed compounding pharmacies to make copies during a drug shortage in 2022 when big companies couldn’t keep up.
The FDA declared the drug shortage over in 2025, leading many pharmacies to stop making these copies.
Smaller pharmacies continued making versions by tweaking the drugs slightly, claiming it helps individual patients.
Eli Lilly has sued Empower Pharmacy, calling their copies fake personalized drugs and mass-produced knockoffs.
The FDA’s warning letter claims Empower did not get proper doctor instructions and made large quantities, violating federal law.
This FDA action marks the first direct federal enforcement against what it sees as mass-copying of patented drugs by compounding pharmacies.
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The yield on the 30-year U.S. Treasury bond reached its highest level in over 20 years on Thursday, hitting 5.45 percent before falling slightly. This is the highest yield seen since 2004.
Key Facts
The 30-year U.S. Treasury bond yield peaked at 5.45 percent on Thursday.
This level is the highest intraday yield since the year 2004.
Earlier Thursday, the bond yield briefly rose to 5.446 percent before dropping by about 0.02 percent (2 basis points).
Treasury bond yields change based on demand and are closely watched as indicators of economic conditions.
Higher bond yields usually mean the government must pay more to borrow money for a long time.
The rise suggests changes in investor expectations about the economy or inflation.
Bond yields often move throughout the day depending on market trading activity.
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Macklemore announced a new concert tour called the "Free Palestine" Tour with three European shows planned for October. He said some ticket sales will help charities that support Palestinian people, and more U.S. dates will be shared later.
Key Facts
Macklemore is launching the "Free Palestine" Tour.
The tour will start with three arena concerts in Europe in October.
More U.S. concerts will be announced in the future.
Proceeds from the tour will aid humanitarian and advocacy groups supporting Palestinians.
The tour follows Macklemore's removal from Ed Sheeran's U.S. tour after he said "Free Palestine" on stage.
Macklemore made the announcement on Instagram.
Fans, venues, and advocacy groups are watching for more artist involvement and tour dates.
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Starbucks will close 250 stores in North America soon, marking its second large round of closures under CEO Brian Niccol this year. The company said the stores are closing because they are not meeting financial goals or providing the right experience for customers and employees.
Key Facts
Starbucks plans to close 250 stores in North America this week.
This is the second big store closure after 627 stores were closed last September.
The company laid off 900 non-retail employees last September and 300 corporate employees in May.
Starbucks did not reveal which stores will close or how many are unionized.
More than 700 U.S. Starbucks stores have voted to unionize since late 2021, but no labor agreement has been made.
Starbucks is updating 1,500 stores to make them more comfortable by the end of its fiscal year (September 30).
The company plans to transfer affected employees to other stores or provide severance if no transfer is possible.
Starbucks shares rose slightly in early trading after the announcement.
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Gold prices reached a record high in January 2026 but have fallen about 22% since then, trading around $4,400 per ounce in September. These price changes affect retirement savers, who may find it a better time to buy gold now or reconsider their gold holdings based on their investment goals and market conditions.
Key Facts
Gold hit a record price of $5,589.38 per ounce in January 2026.
By early September, gold prices dropped to about $4,400 per ounce, roughly 22% lower.
Price swings in gold are influenced by rising Treasury yields, inflation, and global uncertainties.
Retirees might see buying gold at these lower prices as a chance to invest at a better value.
Those who bought gold at peak prices might have seen their investment value fall.
Falling gold prices do not always mean selling is the best option; it depends on the role gold plays in the portfolio.
Gold can help diversify retirement portfolios and serve as a protection against economic risks.
Investing in gold gradually over time can reduce the risk of losing money if prices fall further.
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A new $600 million chicken processing plant opened in Tamworth, Australia, owned by Baiada, one of the country’s largest chicken producers. The modern facility can process 3 million chickens a week, creating over 1,000 jobs, but questions remain about whether it will improve chicken welfare.
Key Facts
The plant in Tamworth can process up to 3 million chickens per week, about 20% of Australia’s yearly chicken slaughter.
Baiada owns well-known brands like Steggles and Lilydale Free Range.
The facility includes modern features such as automated packing, chilling systems, a cafeteria, gym, and gardens for workers.
The plant is expected to provide more than 1,000 jobs in the region.
Australians eat around 55kg of chicken per year on average, with chicken making up almost half of all meat consumed.
Animal welfare groups are concerned the plant may not improve conditions for chickens, especially because chickens are bred to grow very fast, which can harm their health.
European countries like Norway and France use slower-growing chicken breeds to improve welfare, even if it costs more.
About 97% of chicken meat sold in Australia meets RSPCA welfare standards, according to the animal charity.
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CBS Mornings Deals is offering special discounts on certain products to help improve daily life. Customers can visit cbsdeals.com to find these exclusive offers, and CBS earns money when people buy items through the site.
Key Facts
CBS Mornings Deals presents special discounts on selected products.
The deals are meant to improve everyday lifestyle.
Customers can access the offers at cbsdeals.com.
CBS earns a commission when purchases are made through their website.
The promotions are featured during the CBS Mornings show.
The deals cover a variety of items, though specific products are not listed in the article.
Purchases support CBS financially through affiliate commissions.
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Small businesses like Brenden Theaters are using Kalshi, a prediction market platform, to manage financial risks by betting on future events. Kalshi offers contracts that pay out based on outcomes such as movie releases or weather changes, helping businesses balance losses and gains.
Key Facts
Brenden Theaters uses Kalshi to bet on how many movies studios release, aiming to smooth out seasonal sales fluctuations.
Kalshi started in 2021 and allows users to wager on events like sports, elections, weather, and now business risks.
Over 200 businesses used Kalshi last month to hedge risks related to weather, gas prices, and other factors.
An ice cream shop hedges against colder weather by betting on temperature drops to offset reduced customer visits.
A NYC bar used Kalshi hedging during the NBA Finals to support a promotion.
Kalshi partnered with the U.S. Hispanic Chamber of Commerce to offer risk tools to over 5 million small businesses.
In finance, hedging means making trades to reduce losses if bad things happen; Kalshi’s bets work similarly.
Experts agree prediction markets can serve as hedges but note Kalshi still makes most money from sports event bets, not all economic hedging.
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McDonald's is looking into adding more high-protein options to its menu to meet the needs of customers who use weight-loss drugs called GLP-1s. These drugs are becoming more popular, and fast-food companies are adjusting their menus and portion sizes to match changing eating habits.
Key Facts
More Americans are using weight-loss drugs called GLP-1s.
GLP-1 drugs help control appetite and weight.
McDonald's is exploring ways to offer high-protein meals.
Fast food chains are changing menus to fit new customer preferences.
Portion sizes may be adjusted to better fit people using these drugs.
Changes aim to attract customers while supporting their weight-loss goals.
This trend reflects a broader shift in how people eat and choose fast food.
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