The financial news that actually matters
Louisiana homeowners are absorbing cumulative insurance rate increases that rank among the sharpest in the state’s modern history. Regulator-approved rate impacts for the homeowners line hit 16.2 percent in 2022, 14 percent in 2023, and 6.6 percent in 2024, a three-year run that compounds to roughly 58 percent before accounting for individual policy variations. The…
QVC Group, Inc., the parent company behind the QVC and HSN television shopping channels, filed voluntary Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas to slash roughly $6.6 billion in debt down to about $1.3 billion. The prepackaged restructuring, backed by agreements with noteholders and revolving credit facility lenders,…
More than 443,048 people who paid into a credit-repair pyramid scheme run by Financial Education Services are about to get money back. The Federal Trade Commission announced in March 2026 that it is mailing more than $10.9 million in refund checks to consumers who were charged illegal upfront fees and lured by recruitment promises between…
Federal authorities have charged at least 21 people in a civil enforcement action, and as many as 30 in parallel criminal indictments, for allegedly running an insider-trading ring that spent roughly a decade stealing deal secrets from global law firms. The scheme, according to the SEC and the U.S. Attorney’s Office for the District of…
Krispy Kreme customers who placed online orders before the company’s late-2024 data breach could receive payments without needing to submit proof of harm, according to settlement terms tied to the incident. The breach, which Krispy Kreme first learned about on Nov. 29, 2024, disrupted online ordering across parts of the United States and triggered an…
Millions of student loan borrowers enrolled in the SAVE repayment plan face a hard deadline: pick a new repayment option within 90 days of receiving a notice from their loan servicer, or get automatically placed into the Standard Repayment Plan, which typically carries higher monthly bills than income-driven alternatives. The U.S. Department of Education has…
Starting in 2026, Americans with a 401(k), 403(b), governmental 457, or Thrift Savings Plan can defer up to $24,500 of their pay into those accounts, a $1,000 increase over the $23,500 ceiling that applied in 2025. The IRS also raised the annual IRA contribution limit to $7,500 for 2026. The adjustment, driven by a cost-of-living…
The Securities and Exchange Commission has filed a settled action against Oklahoma resident Krish Kumar, alleging he raised approximately $7.8 million from investors through two funds and then diverted nearly $7 million for personal use. The case centers on two entities, Future Fractal Investments LLC and Arcane Resonance Fund, LLC, which Kumar used to solicit…
Nike is cutting roughly 1,400 corporate jobs, with the majority of the losses falling on its technology workforce, according to Bloomberg. The layoffs, disclosed through restructuring charges in Nike’s most recent quarterly filing with the Securities and Exchange Commission, mark the latest chapter in a cost-reduction campaign that has reshaped the sportswear giant’s corporate ranks…
American workers filing new unemployment claims dropped to 215,000 for the week ending July 4, a level that signals employers across most industries are holding onto staff even as scattered layoff announcements grab headlines. The reading, drawn from the Department of Labor’s weekly Unemployment Insurance data, landed below analyst expectations and kept the four-week trend…