The 12-bath, seven-bed home near the state capital boasts a 5,000-bottle wine cellar, a pool and a tennis court

California governor Gavin Newsom has put his Sacramento-area mansion up for sale, before his term will end in January.

The 12-bath, seven-bed Spanish-style home in Fair Oaks, a suburb of the California capital, hit the market on Monday with an asking price of $7.5m. The estate, which sits on a 8.2-acre (3.3-hectare) parcel of land, boasts an array of amenities including a full-size tennis court, a 5,000-bottle wine cellar, a pool, a cold plunge and a hot tub, according to a Zillow listing from realtors Matthew Hindy and Nick Sadek.

Announcement of tariffs on $20bn worth of US goods follows through on Mark Carney's vow to match US tariffs 'dollar for dollar'

Confidence index drops to 89.4 in August from 90.2 in July amid frustration after five years of elevated inflation

Americans’ confidence in the economy declined again this month as the ongoing conflict in Iran continued to push US gasoline prices above $4 per gallon.

The Conference Board said on Tuesday that its consumer confidence index dipped to 89.4 in August from 90.2 in July. That was the lowest level in seven months but was essentially within the same lukewarm range it has been in since the beginning of the year. In late 2024 and early 2025, readings were consistently above 100.

Multicultural Business Coalition sues New York City mayor, alleging plan for city-run stores will harm smaller grocers

A New York City business group sued mayor Zohran Mamdani on Monday over his plan to create five municipally owned grocery stores.

The Multicultural Business Coalition, which says it represents hundreds of small supermarkets, filed two lawsuits in New York county supreme court on Monday, arguing that the plan violates the civil rights of smaller, immigrant- and minority-owned businesses. The group argues that smaller stores would be unable to match the discounts offered by the city grocery stores and “therefore, will be put out of business,” according to the lawsuits.

Danish toymaker also scores success with KPop Demon Hunters, Star Wars and botanicals products

Lego sales have risen by more than a fifth as tie-ups with the football World Cup, Formula One and the hit film KPop Demon Hunters as well as its flower-based and Star Wars kits drive demand.

The toymaker said its revenues had increased by 21% to 41.9bn Danish kroner (£4.8bn) in the first six months of 2026, driven by strong growth in the Americas, Europe and the Asia-Pacific regions, offsetting stalled sales in China.

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On Truth Social, however, the president shot down assertions that the US talks with Canada collapsed in part due a proposed trade deal that would have weakened French language protections.

“I would never interfere with Canadians speaking French!” he wrote. “In fact, I have never even thought of doing such a stupid thing. This lie was made up by a weak and ineffective Prime Minister in an attempt to gain political support, which he has totally lost, from the people of Quebec.”

Bitcoin rises above $80,000 for the first time since May amid uncertainty over US fiscal plans

Gold prices hit their highest level in more than three months on Tuesday as continued conflict in the Middle East and ongoing political uncertainty fuelled the latest rally in the precious metal.

Gold is viewed as a safe haven by investors and its price tends to rise at times of uncertainty.

Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller

Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor.

The billionaire investor Stanley Druckenmiller, who worked with Bessent at George Soros’s fund management firm in the 1990s, has warned that his former pupil is courting danger by trying to suppress US bond yields.