The financial news that actually matters
Americans lost $3.5 billion to imposter scams in 2025, and a growing share of those cons started with a simple text message claiming an unpaid road toll. Reports of government imposter scams rose 40 percent last year, driven in large part by fake toll-collection texts that trick recipients into handing over bank and credit card…
Electronic Arts shareholders face a clear deadline: a December 22 special meeting to vote on a $55 billion all-cash buyout that would take the video game giant private. The consortium of Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners has agreed to pay $210 cash per share, creating what has been called the…
Jamie Dimon, the head of JPMorgan Chase, flagged inflation as his top market concern in the bank’s proxy filing with the SEC, cover-dated April 6, 2026. His warning carries a blunt implication: if price pressures do not ease, equity markets face the risk of a sharp correction driven by interest rates that stay elevated far…
Roughly 330,000 companies that paid tariffs under the International Emergency Economic Powers Act now face a longer, less certain path to getting their money back. The Trump administration has signaled it will appeal a federal trade court order that opened refund eligibility to every importer, not just the handful of firms that originally sued. That…
Buyers who locked in mortgage rates before the latest climb drove existing-home sales up 3.2% in May 2026, pushing the pace to a seasonally adjusted annual rate of 4.17 million units. The national median price held at $429,300, a figure that rose only modestly from $423,700 a year earlier. The combination of stronger transaction volume…
U.S. companies filed 2,422 commercial Chapter 11 bankruptcy cases between January and March, a 37 percent jump from the 1,764 filed during the same period in 2025. The increase was not limited to large corporations. Small businesses using the Subchapter V track drove much of the acceleration, with those filings rising 67 percent year over…
American credit-card holders carrying balances 90 days or more past due now account for roughly 13 percent of outstanding card debt, the largest share since 2011. The figure, drawn from the New York Fed Consumer Credit Panel and Equifax data, signals that a growing slice of borrowers has fallen deep enough behind on payments to…
American households now owe a record $18.8 trillion in combined debt, and a growing share of those borrowers are falling behind on payments. The Federal Reserve’s own bank-reported data shows delinquency and charge-off rates climbing across consumer loan categories, with credit cards leading the deterioration. For tens of millions of families carrying revolving balances, the…
Robinhood Markets cut about 290 jobs, roughly 10% of its full-time workforce, even as the company reported record trading activity in June 2026. The online brokerage disclosed the reduction in a regulatory filing, estimating $20 million in cash restructuring charges and approximately $8 million in share-based compensation costs tied to the cuts. The company said…
Depositors with more than $250,000 at a single bank can protect every dollar without moving funds to a second institution. The Federal Deposit Insurance Corporation applies its $250,000 insurance limit per depositor, per insured bank, and per ownership category, which means one person who holds accounts across several categories can qualify for coverage well above…