The financial news that actually matters
When a hyperscale AI data center powers up, it can pull 300 megawatts or more from the grid, roughly the electrical load of a city of 200,000 people. Somebody has to pay for the substations, transmission upgrades, and engineering work needed to deliver that power. In most of the country, those costs have quietly landed…
Shopkeepers in Tehran spent the last week of April 2026 re-tagging prices before their doors opened each morning. The reason: Iran’s currency had just crossed a threshold that would have seemed unthinkable a decade ago. On the unofficial exchange market where most Iranians actually buy dollars, the rial fell past 1,000,000 to the dollar, its…
One fake PayPal invoice. One phone call to a number that looked legitimate. Roughly $130,000 gone. That is the outcome the FBI documented after a victim followed the instructions in a fraudulent invoice email, called the listed “support” line, and allowed a stranger to take remote control of their computer. The bureau’s victim identification effort…
Toyota’s lending arm is accusing a Connecticut car dealer of losing track of roughly $5.1 million in vehicles that were supposed to be sitting on the lot, financed and accounted for. Instead, according to a new federal lawsuit, the cars are gone and the money never came back. Toyota Motor Credit Corporation filed the case…
Microsoft reported fiscal third-quarter results on April 30, 2026, and the number investors had circled delivered: Azure cloud revenue grew 39% in constant currency during the three months ended March 31, matching the guidance range the company laid out in January. Shares climbed in extended trading, though the company did not specify the magnitude of…
For decades, the red-roofed Pizza Hut on the corner was a fixture of American suburban life, the place where Little League teams celebrated and families gathered on Friday nights. Now, 250 of those restaurants are set to go dark. Pizza Hut is preparing to shut down 250 U.S. locations during the first half of 2026,…
Volvo dealerships across the United States are conspicuously quiet this spring, and not because the cars are hard to find. While competitors plaster windshields with cash-back offers and subsidized lease rates, Volvo Cars has refused to blink on pricing. Every model in its U.S. lineup carries a 25% import tariff embedded somewhere in the transaction,…
Robinhood Markets posted $0.37 in diluted earnings per share for the first quarter of 2026, up from $0.18 a year earlier, according to its 10-Q filing with the Securities and Exchange Commission for the three months ended March 31, 2026. Two relatively new business lines did much of the heavy lifting: prediction markets and the…
Micron Technology (MU) dropped about 3% in premarket trading on Tuesday, falling roughly $16 to around $532, even as D.A. Davidson handed the chipmaker the most aggressive price target on Wall Street: $1,000, implying nearly 88% upside from where shares opened the session. The divergence between a blockbuster initiation and a red ticker captures a…
A routine blood draw at an independent doctor’s office might cost a Medicare patient $20 in copays. The same blood draw, performed by the same type of technician in a clinic recently acquired by a hospital system, can run two to three times that amount, thanks to an added “facility fee” that the patient never…