Famous handgun maker files for Chapter 11 bankruptcy

Macy’s is offering a steep discount on its "super soft" patterned sheet set, slashing the price from $88 to just $31. Shoppers are raving about the quality, with one calling them "the best and most beautiful sheets I have ever purchased."

Editor’s Note: This story highlights a great deal on high-quality bedding, which matters because everyone loves a bargain—especially when it’s on something as essential (and often overpriced) as sheets. It’s a win for budget-conscious shoppers looking to upgrade their sleep setup without breaking the bank.

The U.S. federal government has launched an investigation into Jack Smith, the special prosecutor who previously led cases against former President Donald Trump. The probe will examine potential misconduct or irregularities in Smith's actions during his tenure.

Editor’s Note: This story matters because it could have major implications for ongoing and past legal cases involving Trump, as well as broader questions about prosecutorial conduct. If the investigation uncovers wrongdoing, it could undermine public trust in high-profile prosecutions—or, if it clears Smith, reinforce the legitimacy of those cases. Either way, it’s another twist in the politically charged legal battles surrounding Trump.

Warren Buffett's Berkshire Hathaway reported a $3.8 billion writedown on its investment in Kraft Heinz, as the food giant continues to struggle with weak sales and high costs. The writedown dragged down Berkshire's overall operating profit, which fell 3% compared to last year. While Berkshire's other businesses performed well, the Kraft Heinz hit highlights ongoing challenges in the packaged food industry.

Former federal prosecutor Jack Smith, who previously led criminal investigations into Donald Trump, is now reportedly under scrutiny by the Office of Special Counsel. The probe follows a request from Republican Senator Tom Cotton, who questioned whether Smith's actions were politically motivated to sway the 2024 election.

Editor’s Note: This story highlights the ongoing political tensions surrounding investigations into Trump and raises questions about the impartiality of high-profile legal actions. If Smith is found to have acted with political bias, it could fuel further distrust in the justice system and intensify partisan divisions ahead of the 2024 election.

Japan's primary stock exchange is looking to expand its offerings by listing new ETFs, aiming to take advantage of the rising popularity of yield-boosting investment strategies.

Editor’s Note: This move signals that Japan’s financial markets are adapting to investor demand for higher returns, which could attract more trading activity and innovation in the ETF space. For everyday investors, it might mean more options to diversify their portfolios with strategies that aim for better yields.