The financial news that actually matters
Two of the biggest names in American retail are going their separate ways, and shoppers who have gotten used to browsing prestige cosmetics inside their local Target will notice the change. Ulta Beauty is winding down the shop-in-shop concept it ran inside hundreds of Target locations, ending a partnership that once looked like a marquee…
One of the best-known franchising companies in American casual dining has entered court protection, and the collapse touches a long list of names that diners recognize from strip malls and food courts across the country. FAT Brands, the parent of Fatburger, has filed for Chapter 11 bankruptcy, dragging a stable of familiar restaurant chains into…
Dick’s Sporting Goods, having bought the sneaker retailer Foot Locker in a deal valued at roughly $2.4 billion, is now moving to shut as many as 400 of the acquired stores. The closures target the weakest-performing locations in the Foot Locker fleet and are expected to play out through 2026, part of the hard work…
Some of the market’s most dependable-looking income stocks may be less dependable than their yields suggest. A team of Wall Street analysts has flagged a group of large, well-known dividend payers as candidates to cut those payouts in the months ahead. The warning lands squarely on the investors who lean on dividend checks to help…
The S&P 500 is supposed to be the definition of a diversified investment, a single fund that spreads money across 500 of America’s largest companies. In practice, it has become something narrower. A small cluster of giant technology and growth companies now carries an outsized share of the index, so much so that the fortunes…
A quiet change to a costly headache The Internal Revenue Service is changing how it treats one of the most common problems in the tax system: the penalty that lands on people who file or pay a little late. For years, erasing a first-time penalty meant a phone call, a written request, or a tax…
The Securities and Exchange Commission has charged a network of fraudulent crypto platforms and so-called “AI investment clubs” that regulators say defrauded retail investors of more than $14 million. The label was the whole point of the pitch: promoters wrapped an ordinary theft in the two buzzwords doing the most work in finance right now…
A coordinated law enforcement operation spanning several countries has struck one of the largest cryptocurrency fraud networks yet targeted, freezing hundreds of millions of dollars and putting hundreds of suspects in custody. The sweep pulled together investigators from multiple governments to move against the sprawling overseas scam centers that have fueled a global wave of…
Jeffrey Gundlach built his reputation on bonds, which is part of why his latest message has landed so hard. The founder of DoubleLine Capital, long nicknamed the “Bond King,” is warning that the safest place for money right now may be almost anywhere except the U.S. stock market. In recent remarks, he described a defensive…
The end of the cancellation maze, in a growing list of states A set of state laws taking effect around July 1, 2026 targets one of the most reliable ways companies quietly drain a bank account: the auto-renewing subscription that takes thirty seconds to start and an afternoon of phone calls to stop. Connecticut is…