David Keller, Author at The Financial Wire

The White House is the official residence and workplace of the president of the United States

The war powers deadline hit yesterday — the White House says the ceasefire “terminated” the war, but the Navy blockade is still running and gas is $4.43

David Keller2 months ago2 months ago014 mins

The 60-day clock expired on May 1. Congress never voted to authorize military operations against Iran. And the White House says none of that matters because the war is already over. In a letter sent to congressional leaders on the deadline itself, President Trump declared that hostilities with Iran “have terminated,” according to reporting from…

man standing in front of people sitting beside table with laptop computers

The April jobs report drops May 8 — economists expect just 55,000 new jobs, down from 178,000 in March

David Keller2 months ago2 months ago011 mins

On May 8 at 8:30 a.m. Eastern, the Bureau of Labor Statistics will publish the April 2026 Employment Situation report, and the number economists are bracing for is not a comfortable one. The Reuters consensus survey of private-sector forecasters puts the estimate at roughly 55,000 new nonfarm payroll jobs. If that holds, it would represent…

Congress killed the CFPB’s $5 overdraft fee cap — here’s what your bank is charging you now and how to get it waived

David Keller2 months ago2 months ago015 mins

If you bank at Wells Fargo and overdraw your checking account by $6 buying coffee, you’ll pay a $35 fee for the privilege. That was supposed to change. The Consumer Financial Protection Bureau finalized a rule in December 2024 that would have capped overdraft charges at the nation’s largest banks at as little as $5….

The FDIC’s new “debanking” rule takes effect June 9 — banks can no longer close your account because of your political views

David Keller2 months ago2 months ago014 mins

In 2014, a licensed firearms dealer in Wisconsin opened a letter from his bank and learned his account was being shut down. No fraud allegation. No overdraft. No explanation beyond a form paragraph about a “business decision.” He was one of dozens of gun retailers, payday lenders, and tobacco sellers who reported identical treatment during…

A brightly lit Exxon gas station and 7-Eleven store at night, featuring fuel pumps and a parked car.

Exxon’s profit dropped 45% to $4.2 billion — but analysts expect it to more than double next quarter as you keep paying $4.43 a gallon

David Keller2 months ago2 months ago011 mins

You paid $4.43 a gallon for regular gasoline last week, according to the U.S. Energy Information Administration’s weekly retail tracker for the week ending April 28, 2026. Exxon Mobil, the largest publicly traded oil company in the country, just reported that its own profits got cut nearly in half. Those two facts sound like they…

Jerome Powell at Press Conference (DSC1894)

Powell’s last day as Fed chair is May 15 — here’s what changes when Kevin Warsh takes over and what it means for your mortgage rate

David Keller2 months ago2 months ago013 mins

Jerome Powell will walk out of the Federal Reserve chair’s office for the last time on May 15, 2026, closing a tenure that included the fastest rate-hiking cycle in four decades and a pandemic-era housing market that still has not fully normalized. His likely successor, Kevin Warsh, cleared the Senate Banking Committee on April 29,…

Parents playing with cute baby boy on sofa

Trump Accounts open in July — every baby born since 2025 gets $1,000 from the government and parents can add $5,000 a year in S&P 500 index funds

David Keller2 months ago2 months ago015 mins

A child born in the United States today will soon have something no previous generation of American newborns has had: a federally funded investment account with their name on it. While some city and state governments have created children’s savings programs in the past, this is the first such program established and funded at the…

a yellow and blue jet airliner taking off from an airport

Spirit Airlines shut down at 3 a.m. today — 17,000 workers lost their jobs and millions of ticket holders have no flight

David Keller2 months ago2 months ago013 mins

At 3 a.m. Eastern on Monday, June 23, 2025, Spirit Airlines canceled every remaining flight on its schedule, shut down its operations, and told passengers not to come to the airport. The airline that built its identity on $9 base fares and a bright yellow fleet was finished. More than 100 aircraft sat grounded. Roughly…

Two men writing on notebook counting dollars at home

High-yield savings accounts are still paying 4.1% APY — but Capital One, Synchrony, and Marcus all just quietly cut their rates

David Keller2 months ago2 months ago010 mins

Three of the biggest names in online savings just trimmed what they pay depositors, and none of them sent a press release about it. Capital One, Synchrony, and Marcus by Goldman Sachs each lowered their posted annual percentage yields over the past several weeks, according to updated rate tables on their websites. The reductions were…

man in black suit standing beside woman in black coat

Trump’s War Powers deadline hit yesterday — the White House says the ceasefire “paused” the clock, but the law has no pause button

David Keller2 months ago2 months ago011 mins

At midnight on May 1, 2026, the 60-day countdown that the War Powers Resolution imposes on unauthorized military operations expired. The clock had started around March 2, 2026, when U.S. forces first entered hostilities with Iran. President Trump’s answer to Congress was not a request for authorization or an order to withdraw. It was a…

David Keller

The war powers deadline hit yesterday — the White House says the ceasefire “terminated” the war, but the Navy blockade is still running and gas is $4.43

The April jobs report drops May 8 — economists expect just 55,000 new jobs, down from 178,000 in March

Congress killed the CFPB’s $5 overdraft fee cap — here’s what your bank is charging you now and how to get it waived

The FDIC’s new “debanking” rule takes effect June 9 — banks can no longer close your account because of your political views

Exxon’s profit dropped 45% to $4.2 billion — but analysts expect it to more than double next quarter as you keep paying $4.43 a gallon

Powell’s last day as Fed chair is May 15 — here’s what changes when Kevin Warsh takes over and what it means for your mortgage rate

Trump Accounts open in July — every baby born since 2025 gets $1,000 from the government and parents can add $5,000 a year in S&P 500 index funds

Spirit Airlines shut down at 3 a.m. today — 17,000 workers lost their jobs and millions of ticket holders have no flight

High-yield savings accounts are still paying 4.1% APY — but Capital One, Synchrony, and Marcus all just quietly cut their rates

Trump’s War Powers deadline hit yesterday — the White House says the ceasefire “paused” the clock, but the law has no pause button

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