The financial news that actually matters
Hackers say they extracted more than 61 million records from Sysco Corporation, one of the largest food-distribution companies in the United States. The claim, circulating on cybercrime forums, dwarfs the confirmed scope of a 2023 Sysco data breach that exposed Social Security numbers belonging to 126,243 people. No regulatory filing or official Sysco statement has…
A single tip to the Securities and Exchange Commission can earn a whistleblower between 10% and 30% of the money the agency collects in sanctions, provided the enforcement action yields more than $1 million. One recent award exceeded $37 million. The program, created by the Dodd-Frank Wall Street Reform Act, draws its payouts from a…
Thousands of businesses that paid tariffs later struck down by the U.S. Supreme Court have received only a fraction of their money back. U.S. Customs and Border Protection directed Treasury to issue $20.6 billion in refunds, according to the Associated Press, out of roughly $166 billion collected under the disputed duties. The remaining gap of…
Americans eating out are paying noticeably more than those cooking at home. Over the 12 months ending in May 2026, restaurant prices climbed 3.5 percent while grocery prices rose 2.7 percent, widening the cost gap between dining out and preparing meals in a home kitchen. Full-service restaurant meals jumped even faster, at 3.8 percent, raising…
Hackers gained unauthorized access to the Canvas learning management system, stealing usernames, email addresses, course names, enrollment details and private messages from students and faculty across the country. The attackers claimed nearly 9,000 schools and 275 million individuals were affected, and they defaced institutional systems with ransom demands. Instructure, the company that operates Canvas, said…
Renters searching for an apartment in Manhattan now face a median asking price above $5,000 a month, a threshold the borough has never crossed before. The record arrives alongside a citywide rental vacancy rate that fell to just 1.4 percent, according to the 2023 Housing and Vacancy Survey conducted for the NYC Department of Housing…
Americans lost $789 million to government impersonation scams in 2024, a $171 million increase over the prior year, as fraudsters flooded phones with text messages posing as toll agencies and demanding payment for fictitious unpaid fees. The Federal Trade Commission released those figures alongside a broader finding that total reported fraud losses reached $12.5 billion…
Half of the Federal Reserve’s policymakers now see at least one interest-rate increase before the end of 2026, a split that keeps borrowing costs elevated for millions of American homeowners and buyers. Nine of the Fed’s 18 officials projected a hike in updated forecasts released after the June 16-17 meeting, even as the committee voted…
Thousands of U.S. importers that paid tariffs later struck down by the Supreme Court now face a fight over whether they can get their money back. The Trump administration announced plans to appeal a Court of International Trade order that would extend refund eligibility to every importer of record, including those that never filed a…
Millions of American car owners who financed vehicles during the pandemic-era price surge now face a growing risk of losing them. The rate at which auto lenders flagged accounts for repossession hit 0.75 percent in December 2022, up sharply from 0.61 percent in December 2019, according to Consumer Financial Protection Bureau data. That increase, applied…