The financial news that actually matters
Papa John’s is shutting down roughly 300 locations and eliminating 7% of its corporate workforce as part of a broad restructuring effort detailed in the company’s latest annual financial filing. The pizza chain disclosed the moves in its Form 10-K for the fiscal year ended December 28, 2025, filed on February 26, 2026, under a…
Millions of Americans who split purchases into installments through services like Affirm, Klarna, and Afterpay are facing a new reality: those transactions, long invisible to lenders, are now feeding into credit score calculations. FICO has begun incorporating buy now, pay later payment data into its scoring models after a year-long study with Affirm, a shift…
American households shopping for an electric vehicle in 2026 face a steep and growing gap at the insurance counter. The average annual premium for an EV now sits at roughly $3,159, about 42 percent more than the $2,228 a typical gasoline-powered car commands. That spread lands at a moment when federal tax credits and state…
Millions of restaurant servers, bartenders, rideshare drivers, hotel staff, and other hourly workers who earn tips or overtime now have a concrete IRS form to fill out when they file their 2025 tax returns. The agency released Schedule 1-A, a new attachment to Form 1040, spelling out exactly how eligible taxpayers can deduct up to…
The Dow Jones Industrial Average closed at a record high on July 2, 2026, the same day the Bureau of Labor Statistics reported that nonfarm payrolls grew by just 57,000 in June. That split-screen result captures a tension now facing millions of Americans: stock portfolios are climbing while the job market is clearly losing speed….
Ramil Ventura Palafox, the CEO of Praetorian Group International, was sentenced to 20 years in federal prison after draining $62.692 million from investors through a bitcoin Ponzi scheme that promised daily returns of 0.5% to 3%. The scheme operated from December 2019 to October 2021, pulling in more than 90,000 investors worldwide by combining crypto…
Cisco Systems is cutting 471 jobs across California, with separations effective in July, as the networking giant redirects spending toward artificial intelligence, silicon design, optics, and security. The layoffs, announced in May 2026, land amid a broader pattern of major tech firms invoking AI priorities when disclosing workforce reductions. For the workers losing their positions…
Investors pulled more money from U.S. spot bitcoin exchange-traded funds last month than in any prior month since the products began trading, marking a sharp reversal for a category that had attracted steady inflows through most of its first year. The record withdrawals arrived as bitcoin’s price swung violently, raising questions about whether the exits…
Roughly 37 percent of American adults cannot cover a $400 emergency expense using only cash or its equivalent, according to the Federal Reserve’s latest household survey. That financial fragility is colliding with new federal rules that make it easier than ever for workers to pull money from retirement accounts before age 59 and a half,…
Roughly 70 million Americans who depend on Social Security retirement benefits now face a shorter countdown to potential payment cuts. The Old-Age and Survivors Insurance Trust Fund can pay scheduled benefits in full only through 2032, according to the 2026 OASDI Trustees Report released this summer. That date is one year earlier than the 2033…