The financial news that actually matters
PayPal cleared Wall Street’s bar for the first quarter of 2026 and got punished for it anyway. According to figures the company reported in early May 2026, PayPal posted $8.353 billion in net revenue and diluted earnings of $1.21 per share for the three months ended March 31, both ahead of analyst consensus estimates. GAAP…
Small-cap stocks stole the spotlight on Wall Street on Tuesday, June 10, 2026, as falling oil prices and solid labor-market data pushed investors toward the domestically focused companies that rarely lead the tape. The Russell 2000 surged 1.8% to about 2,845, a level that, based on available index data, appeared to mark a fresh all-time…
If you run a gun shop, a crypto startup, or a faith-based nonprofit, you may have experienced something that never shows up on a bank statement: your account quietly closed, your application denied, no real explanation given. Starting June 9, 2026, a new federal rule is designed to stop that from happening, at least when…
In 2009, roughly one in every 45 American households received a foreclosure notice. In 2024, that figure was closer to one in 370. The gap between those two numbers is the single most important thing to understand about today’s foreclosure headlines. Foreclosure filings across the United States have climbed about 26% from the historic lows…
The first round of Social Security deposits for May 2026 landed in bank accounts on Wednesday, May 14, and for millions of retirees the numbers on screen tell a story they have seen before: a cost-of-living raise that looked decent on paper but shrank considerably after Medicare took its cut. The 2.8 percent COLA that…
The Senate is set to vote the week of May 11, 2026, on Kevin Warsh’s nomination to lead the Federal Reserve, and the math points toward something that has never happened in the central bank’s modern era: a chair confirmed without a single vote from the opposing party. Majority Leader John Thune filed cloture on…
Ten thousand dollars in credit card debt used to be a warning sign. Now it is closer to the norm. According to a Bankrate survey published in early 2026, roughly 29 percent of U.S. cardholders report carrying a balance of $10,000 or more, up from about 23 percent a year earlier. That six-point jump in…
Four months ago, a borrower shopping for a $400,000 home could lock in a 30-year fixed rate as low as 5.75% in January. That same loan now costs 6.22%, according to Freddie Mac’s Primary Mortgage Market Survey for the first week of May 2026. The difference works out to roughly $123 more per month, or…
A pound of ground beef costs $6.70. A gallon of regular gas just crossed $4.48. The 30-year fixed mortgage rate is sitting around 6.22%. Each of those numbers comes from a federal data source or major industry tracker, and each one, on its own, is enough to reshape a family’s monthly budget. The problem is…
Time is nearly up for displaced Spirit Airlines passengers hoping to lock in discounted rebookings. The rescue fare programs arranged by the U.S. Department of Transportation and four major carriers are set to close as early as May 15, 2026, depending on the airline. After that, travelers on routes Spirit once dominated will face a…