The financial news that actually matters
T-Mobile has committed $2.7 billion to two new fiber broadband joint ventures, partnering with northeastern operators GoNetspeed and Greenlight Networks in deals that mark the wireless carrier’s most significant push yet into wired home internet. The partnerships, announced in late April 2026 and backed by private equity firm Oak Hill Capital, will fund construction and…
Barclays set aside roughly $1.1 billion to cover bad loans in the first three months of 2026, a 33 percent jump from the same quarter a year earlier and a clear signal that one of Europe’s biggest banks is bracing for a tougher credit cycle. The British lender reported £0.8 billion in credit impairment charges…
Nearly one in three North Carolinians depends on Medicaid for basic health care. The program that covers them is now at the center of a high-stakes standoff in Raleigh, where lawmakers have approved $319 million to keep it solvent but attached new eligibility verification requirements that could reshape who qualifies for coverage. House Bill 696,…
BP reported first-quarter profit of $3.2 billion, more than double what the company earned in the same period a year ago, as the war involving Iran choked global oil supplies and pushed U.S. gasoline prices to their highest level since the conflict began. The results, disclosed in a quarterly filing with the Securities and Exchange…
When Russia’s new tax year began on January 1, 2026, tens of thousands of small businesses woke up to a reality they had spent months dreading. A higher value-added tax rate and a drastically lower income ceiling for VAT exemptions under the simplified taxation system (USN) had taken effect simultaneously, and for firms operating on…
Gasoline prices jumped 21.2% in a single month. The Consumer Price Index hit 3.3% year-over-year. And Ray Dalio, the billionaire founder of Bridgewater Associates, chose that moment to post a blunt warning on LinkedIn: the U.S. economy is sliding toward stagflation, and investors banking on Federal Reserve rate cuts are making a dangerous bet. Dalio’s…
A New York City teacher earning $65,000 a year wants to move closer to her school. A nurse needs a bigger apartment after a second child. A restaurant worker’s landlord won’t fix the heat. All three face the same brutal arithmetic: signing a new lease in the same city would require roughly $70,000 more in…
Last winter, when electricity bills in Arlington, Massachusetts, spiked for the third year running, a cluster of neighbors on the same block decided they were done waiting for rates to come back down. They pooled their interest, vetted a single solar installer together, and negotiated a bulk discount that none of them could have landed…
The S&P 500 closed at a record high on Thursday, April 24, 2026, capping its strongest weekly gain of the year and pushing the benchmark index past every previous peak in its history. The milestone, confirmed by the Associated Press, arrived during a week when several other major U.S. indexes also touched fresh highs. For…
When Sarah Kline started apartment hunting in Austin this past February, she expected the same bruising experience she had in 2022: bidding wars, application fees stacked on top of each other, and landlords who wouldn’t return calls. Instead, the property manager at the first complex she toured offered two months free on a 14-month lease…