Many people in the U.S. are using AI tools like ChatGPT to help set prices for selling their homes. Experts warn this can cause problems because AI models don’t fully understand local market details or the complex negotiation process, which can lead to wrong pricing and lost money.
Key Facts
Buyers and sellers are using ChatGPT to estimate home values.
AI tools give quick answers but may offer flawed pricing advice.
A $50 million deal almost failed because AI gave conflicting price opinions to buyer and seller.
AI models base answers on text patterns, not real-time property details or human factors.
AI tends to give answers that please users rather than accurate market prices.
A Florida homeowner who used ChatGPT missed out on getting more money through bidding wars.
Experts say AI cannot replace local knowledge and the skill of real estate agents.
Important factors like renovations, local trends, and buyer motivations are often missed by AI.
Read the Original
Want the full story? Tap a source to open the original
article.
The article provides advice on how to save money by lowering bills and subscription costs as we reach the middle of 2026. It features financial tips from CBS News analyst Jill Schlesinger, including ways to reduce expenses like streaming services and improve savings.
Key Facts
The article offers strategies to cut monthly bills.
It suggests reviewing and canceling unnecessary subscription services.
Tips include managing streaming service costs.
Increasing savings account contributions is recommended.
The advice aims to help people save more money in 2026.
Financial expert Jill Schlesinger shares these tips on CBS Mornings.
The focus is on practical, easy ways to reduce everyday expenses.
Read the Original
Want the full story? Tap a source to open the original
article.
Many big stores are offering large discounts this week, including Amazon during its Prime Day event. Kelly O’Grady explains how to find the best deals this summer.
Key Facts
Big retailers are having sales with big discounts this week.
Amazon is holding its Prime Day event, a special sales event for Prime members.
Prime Day offers lower prices on many products.
Other stores also have summer sales at the same time.
Kelly O’Grady provides tips on how to find these summer deals.
The sales are aimed at helping shoppers save money.
Read the Original
Want the full story? Tap a source to open the original
article.
China has added 10 US companies to its export control list, stopping the export of certain goods that can be used for both civilian and military purposes to these companies. China also banned its government from buying products from nearly 50 US firms in response to the US Pentagon blacklisting about 80 Chinese companies for their links to the Chinese military.
Key Facts
China added 10 US companies, including rare-earth mining and defense firms, to its export control list.
Chinese companies are barred from exporting "dual-use" items to these US firms; dual-use means goods that can be used for both civilian and military purposes.
China also banned government procurement from 46 US companies, including major defense contractors like Lockheed Martin and Boeing.
US companies funded locally in China were exempt from this government procurement ban.
The US Pentagon blacklisted about 80 Chinese companies linked to the Chinese military earlier in June 2024.
The US list includes big Chinese firms like Alibaba, Baidu, and BYD, but the US did not ban doing business with them.
Experts see China’s move as a retaliation for US restrictions, possibly signaling a new phase in the ongoing US-China trade tensions.
Some affected companies have already moved part of their supply chains out of China to reduce risks.
Read the Original
Want the full story? Tap a source to open the original
article.
Johnny Marr, guitarist for The Smiths, will auction around 80 guitars and related music equipment in London on 17 September, in partnership with Christie’s. The collection includes famous instruments used on well-known songs and some items will raise funds for charity.
Key Facts
The auction features about 80 guitars, amps, and other equipment from Johnny Marr’s collection.
A 1982 Rickenbacker 330 Jetglo guitar, used on songs like "This Charming Man," could sell for up to £80,000.
A 1971 Martin D-28 acoustic guitar, heard on "There Is a Light That Never Goes Out," is estimated at £30,000 to £50,000.
The highest valued item is a 1960 Cherry Red Gibson ES-355, estimated at £150,000, bought for Marr by Seymour Stein.
Other notable guitars include a Telecaster-style by Roger Giffin (£30,000 estimate) and a 1984 Gibson Les Paul Standard used in multiple bands’ recordings.
Some guitars were lent to Noel Gallagher early in his career, including the Rickenbacker.
Proceeds from 10 items will be donated to Guide Dogs for the Blind Association and the National Autistic Society.
Marr’s new solo album, The Age of Everything, will be released on 2 October.
Read the Original
Want the full story? Tap a source to open the original
article.
Internet service costs in American homes are going down, even though many other everyday expenses like housing, food, and healthcare remain expensive. Having affordable broadband internet is important because fast internet is a key part of daily life today.
Key Facts
Many U.S. households still struggle with the high cost of housing, food, and healthcare.
The price of internet service is decreasing for American families.
Broadband internet means high-speed internet access.
Fast internet is important because much of life now depends on it.
Lower internet costs help ease overall household expenses.
Affordable internet supports work, education, and communication.
This trend offers some financial relief during tough economic times.
Read the Original
Want the full story? Tap a source to open the original
article.
A £12 million National Lottery jackpot ticket from the 6 June draw in Rhondda Cynon Taf, south Wales, has not yet been claimed. The ticket-holder has until 3 December to claim the prize before the money is used for National Lottery-funded projects.
Key Facts
The winning Lotto numbers were 08, 10, 26, 30, 35, and 42.
The winning ticket was bought in Rhondda Cynon Taf, south Wales.
The prize of £12 million remains unclaimed as of now.
Lottery winners have 180 days to claim their prizes.
If not claimed, the money goes to projects supported by the National Lottery.
Past large Welsh lottery wins include a £12.8 million prize in 2005 and a £45.5 million jackpot in 2009.
The biggest UK lottery prize so far is £195 million, won in 2022.
The National Lottery encourages the winner to check their tickets and claim the prize.
Read the Original
Want the full story? Tap a source to open the original
article.
Small-business owners in the US are feeling less confident due to rising fuel prices, inflation, and higher costs. Many are struggling to fill job openings, manage expenses, and keep customers as prices increase and the economy stays uncertain.
Key Facts
The Small Business Optimism Index dropped to 95.3 in May, showing less confidence among small-business owners.
Nearly 30% of small businesses have open jobs they cannot fill, the worst since the COVID-19 pandemic.
Labor quality and labor costs are the top challenges for many owners, reported by about 13-14% of them.
Rising fuel and supply costs are making it harder for businesses like Barry’s Blind Factory to maintain sales and profits.
Some businesses, like a pet sitting service in Alaska, have raised prices but still face difficulties due to high gas prices linked to conflicts in the Middle East.
A bed-and-breakfast owner in Tennessee is carefully managing costs but may have to increase prices if expenses keep rising.
A plumber in California reports most work is now emergency repairs rather than profitable remodels, affecting income.
Small-business owners are exploring new strategies and becoming more selective about what products and services they offer to stay profitable.
Read the Original
Want the full story? Tap a source to open the original
article.
Alan Greenspan, who led the U.S. Federal Reserve for five terms, died at 100 years old due to complications from Parkinson’s disease. His wife, journalist Andrea Mitchell, shared the news.
Key Facts
Alan Greenspan was the chair of the Federal Reserve for five terms.
He died on Monday at the age of 100.
The cause of death was complications from Parkinson’s disease.
Greenspan’s wife is Andrea Mitchell, a longtime NBC News journalist.
Greenspan played a major role in shaping U.S. economic policies during his leadership.
The Federal Reserve is the central bank of the United States, controlling monetary policy.
Greenspan was known as an influential figure in American finance.
Read the Original
Want the full story? Tap a source to open the original
article.
South East Water has named John Halsall as its new chief executive after the previous CEO, David Hinton, resigned. Halsall plans to focus on fixing immediate water supply problems and leading a £2.1 billion investment program to improve the company’s reliability.
Key Facts
John Halsall will become South East Water’s new chief executive, pending regulatory approval.
Halsall has worked before for Thames Water, South West Water, and Network Rail.
David Hinton, the former CEO, resigned in May and will leave after a handover.
South East Water has faced criticism for repeated water shortages in Kent and Sussex.
Regulator Ofwat proposed a £22 million fine for the company due to supply issues affecting 286,000 people from 2020 to 2023.
Halsall aims to deliver South East Water’s largest-ever investment program of £2.1 billion to improve water service.
The company reported £1.3 billion in debt and raised prices by an average of 7% in April, making the average yearly bill £324.
Halsall said he wants to rebuild trust with customers, partners, regulators, and staff while improving the business.
Read the Original
Want the full story? Tap a source to open the original
article.
Alan Greenspan, who led the U.S. Federal Reserve for almost 20 years, has died at age 100. He was known for guiding the U.S. economy through many years and served as Fed chairman from 1987 to 2006.
Key Facts
Alan Greenspan died at home due to complications from Parkinson's disease.
He was 100 years old at the time of his death.
Greenspan was chairman of the Federal Reserve from 1987 to 2006.
He was appointed by President Ronald Reagan.
Greenspan influenced U.S. economic policy under presidents from both political parties.
He was married to NBC journalist Andrea Mitchell for 29 years.
He had strong personal interests in baseball, the Washington Commanders, tennis, golf, and jazz music.
His wife described him as honest about his mistakes in economic decisions.
Read the Original
Want the full story? Tap a source to open the original
article.
Barron Trump and Kai Trump, son and granddaughter of President Donald Trump, have launched new soft drinks called Sollos and Blue Raz Slush. Sollos is a pineapple-flavored yerba mate drink priced at about $40 for 12 cans, while Blue Raz Slush is an energy drink inspired by blue raspberry flavors, sold at around $25 for 12 cans.
Key Facts
Sollos is co-founded by Barron Trump and is described as a pineapple and coconut flavored yerba mate drink.
Sollos costs $39.99 for 12 cans and claims to be inspired by the Florida lifestyle and the sun's cycle.
Blue Raz Slush is co-developed by Kai Trump and a drinks company called Accelerator.
Blue Raz Slush aims to deliver bold, icy flavors and claims “clinically proven benefits” like sustained energy and better focus, though the referenced study is not available.
Blue Raz Slush costs about $24.99 for 12 cans on Amazon.
Both drinks received negative taste reviews from the purchaser, who described Sollos as tasting like sunscreen and pineapple juice, and Blue Raz Slush as having a chemical finish.
Packaging of Sollos was noted as attractive, and the drinks use some natural ingredients like organic honey and monk-fruit extract.
The launches mark the first business ventures for Barron Trump (20 years old) and Kai Trump.
Read the Original
Want the full story? Tap a source to open the original
article.
More Americans are falling victim to job scams as scammers use better technology to trick job seekers. Reports of employment scams doubled in 2025, with younger applicants especially targeted by fake job offers and interviews that can lead to giving away personal information.
Key Facts
Employment scam reports doubled in 2025 compared to 2024, according to the Better Business Bureau.
About 32% of Gen Z job seekers have been victims of job scams, while 15% of Gen X reported the same.
Scammers use advanced technology, including AI, to create convincing fake job messages and emails.
Fraudsters often pretend to be employers and set up fake interviews to steal bank details or install malware.
Many job seekers are vulnerable due to the difficult job market and are eager to respond to promising job offers.
Social media platforms are becoming new places where scammers target job applicants.
Examples include fake interview invitations from companies that job seekers never applied to.
Some scams involve requests for money under the guise of background checks or payroll setup.
Read the Original
Want the full story? Tap a source to open the original
article.
Coca-Cola and the US Internal Revenue Service (IRS) will argue in a Florida court over a $20 billion tax bill related to profits made by Coca-Cola’s foreign subsidiaries. The dispute focuses on how the company sets prices for transactions between its own foreign units and whether the IRS’s tax claims are correct.
Key Facts
Coca-Cola is challenging a 2020 US Tax Court decision that supports the IRS’s claim of underreported profits.
The IRS says Coca-Cola undercharged its foreign subsidiaries in countries like Ireland, Brazil, and Mexico to reduce US tax payments.
The legal fight involves a transfer pricing method agreed on in 1996, which Coca-Cola wants to keep using.
Coca-Cola has agreed to pay $6 billion to the IRS while appealing but may owe up to $14 billion more.
The case could influence how much tax US multinational companies will pay on overseas earnings in the future.
The IRS has been increasing efforts to tax companies that use transfer pricing to lower US taxes.
Another major case involved Microsoft, which the IRS claims owes nearly $29 billion in back taxes.
The outcome could become a guide for future IRS audits of other large companies with profitable foreign subsidiaries.
Read the Original
Want the full story? Tap a source to open the original
article.
EasyJet has rejected a £4.74 billion takeover offer from the US investment company Castlelake, saying the bid undervalues the airline. Castlelake has made three offers this month and wants to make a final firm offer by Friday, proposing a plan that keeps EasyJet majority-owned by European citizens.
Key Facts
EasyJet rejected Castlelake's £4.74 billion takeover bid, calling it too low.
Castlelake has made three takeover attempts this month, all turned down by EasyJet.
The latest offer values EasyJet shares at 625p each, 24% higher than last week’s price.
Castlelake owns about 2.14% of EasyJet through its managed funds.
EU rules require EasyJet to be majority-owned by EU citizens.
Castlelake proposes partnering with two EU nationals, Peter Bellew and Mark Breen, to meet ownership rules.
Peter Bellew is a former EasyJet chief operating officer; Mark Breen is an aerospace consultant.
EasyJet describes the proposed ownership setup as unclear and says it doesn’t prove the takeover can be done.
Read the Original
Want the full story? Tap a source to open the original
article.
The Chairman of Mercedes-AMG, Michael Schiebe, is leaving his position but has introduced a new electric supercar to compete with Lamborghini and Ferrari. The Mercedes-AMG 4-Door GT Coupe delivers 1,169 horsepower, aiming to compete with top performance brands and target growth in Asian and Middle Eastern markets.
Key Facts
Michael Schiebe, Mercedes-AMG Chairman, is leaving at the end of June 2024.
Schiebe promised to create a rival to Italian supercar brands like Lamborghini and Ferrari.
The new Mercedes-AMG 4-Door GT Coupe is an electric car with 1,169 horsepower.
This car has more power than Ferrari’s electric Luce and Lamborghini’s hybrid Revuelto.
AMG plans to compete with new rivals like Chinese car makers BYD and Xiaomi.
AMG values the Chinese market and aims to increase sales there by over 200%.
Stefan Weckbach will succeed Schiebe as AMG Chairman starting July 1, 2024.
AMG focuses on high-margin luxury products to build brand prestige and profitability.
Read the Original
Want the full story? Tap a source to open the original
article.
Consulting firms once promised strong career growth by training young analysts in deep problem-solving and client work. However, the rise of artificial intelligence (AI) has changed entry-level jobs, shifting tasks from learning and ownership to mainly fact-checking and using AI tools, which raises questions about skill development and workforce changes.
Key Facts
Consulting firms like McKinsey marketed themselves as top training grounds for future leaders.
Entry-level analysts used to gain skills by handling challenging client work and creating their own analysis.
Now, AI tools handle much of the detailed work, reducing analysts' opportunities to build deep skills.
New consulting AI platforms include BCG’s Deckster, Bain’s Sage, and McKinsey’s Lilli.
Firms are promoting employees who are good at using AI and managing high workloads.
Consulting companies are cutting staff and freezing wages amid this AI-driven shift.
Clients want AI integrated deeply into their businesses, pushing firms toward partnerships with AI companies.
The consulting role is changing from creative problem solving to processing AI outputs quickly and repeatedly.
Read the Original
Want the full story? Tap a source to open the original
article.
South East Water has chosen John Halsall as its new chief executive after the previous leader, David Hinton, resigned. Halsall plans to focus first on fixing immediate problems for customers and then invest £2.1 billion to improve the company’s water service over time.
Key Facts
John Halsall will replace David Hinton as chief executive of South East Water.
Halsall previously worked at Thames Water, South West Water, and Network Rail.
South East Water has faced repeated water supply failures in Kent and Sussex.
Halsall intends to respond to customers’ urgent concerns and then make long-term improvements.
The company plans to invest £2.1 billion to improve reliability and service.
The appointment requires approval from regulators.
David Hinton resigned in May; he earned £400,000 plus a £115,000 bonus last year.
South East Water has £1.3 billion in debt and recently raised water prices by about 7%, to an average annual bill of £324.
Read the Original
Want the full story? Tap a source to open the original
article.
Babcock International, a major UK defence company, reported a 19% drop in profits due to increased costs on a Royal Navy shipbuilding contract. The company said Brexit, Covid, higher raw material prices, and labour shortages made the contract unprofitable.
Key Facts
Babcock’s annual profits fell by nearly one-fifth to £293.3 million by the end of March.
The company took a £140 million charge on its contract to build five Type 31 frigates for the Royal Navy.
The contract, won in 2019, offered limited protection against rising costs caused by Brexit, Covid, and labour shortages.
Design changes to the first two ships in the contract caused additional cost increases.
A delay or increase in production hours or labour costs could increase losses by tens of millions of pounds.
Babcock’s nuclear and aviation divisions performed well, increasing profits by 19% excluding the ship contract losses.
The company has £9.8 billion in forward contracts, including a US partnership to build nuclear submarines.
Babcock’s chief executive said the company is positioned to benefit from growing global demand for defence capabilities.
Read the Original
Want the full story? Tap a source to open the original
article.
Johnny Marr is auctioning nearly 100 guitars he has played throughout his career, including ones used with The Smiths and on Billie Eilish's song "No Time To Die." The auction will take place in London this September after the guitars are displayed in New York and London over the summer.
Key Facts
Marr owns over 100 guitars and is selling about 95 of them.
The guitars include ones played on The Smiths' "This Charming Man" and Billie Eilish's James Bond theme "No Time To Die."
A Cherry Red Gibson ES-355, given to Marr as part of The Smiths signing to Sire Records, is part of the auction.
The auction guitars range in estimated price from £1,000 to £150,000.
Some guitars highlight important moments, like the Rickenbacker 330 Jetglo used on several Smiths songs and the Cherry Gibson Les Paul Standard linked to The Smiths' album "Meat Is Murder."
Marr decided to sell after photographing his collection for his book, preferring the guitars to inspire new musicians rather than stay in storage.
Proceeds from 10 lots will be donated to Guide Dogs for the Blind Association and The National Autistic Society.
The guitars will be shown at Christie's in New York and London before the auction on 17 September.
Read the Original
Want the full story? Tap a source to open the original
article.
