The financial news that actually matters
Federal student-loan borrowers who make their monthly payments on time stand to have their unpaid accruing interest wiped clean each month under a new repayment option from the U.S. Department of Education. The Repayment Assistance Plan, or RAP, is designed to stop balances from growing for borrowers who stay current, a problem that has trapped…
Lucid Group closed out another year short of its own production targets, extending a pattern that has defined the luxury electric-vehicle startup since it began delivering cars. The company reported 10,241 deliveries for full year 2024 and set 2025 production guidance of approximately 20,000 vehicles, yet its latest annual filing with the Securities and Exchange…
Americans who turned 73 in 2023 face a hard deadline: take the first required minimum distribution from a 401(k) or similar retirement account by April 1, 2024, or owe the IRS an excise tax equal to 25% of the amount they failed to withdraw. The penalty, codified in federal statute, applies to every dollar of…
Federal authorities restrained $701,962,392.15 in cryptocurrency tied to Southeast Asian scam compounds that targeted American investors, while the Treasury Department sanctioned Cambodian Senator Kok An for his role in a network of fraud operations. The coordinated strike shut down nine scam centers and drew a $10 million State Department reward offer for information on additional…
American drivers are paying sharply less at the pump than they were just weeks ago. The national average price for regular gasoline slipped to $3.84 a gallon, a drop of 45 cents from a month earlier, according to federal survey data. The reading, recorded as $3.831 for the week ending June 29, 2026, reflects the…
OpenAI is in early talks to hand the U.S. government a 5% equity stake in the company, a slice worth roughly $42.6 billion based on its most recent $852 billion valuation. The proposal, modeled on the Alaska Permanent Fund, arrives just as Sen. Bernie Sanders, I-Vt., is pushing a far more aggressive plan that would…
Millions of Americans who use electronic toll roads received an unwelcome surprise over the past year: text messages claiming they owed unpaid tolls, complete with links designed to steal payment details and personal information. Reports of government-impersonation scams rose 40 percent, with fake toll notices identified as a key driver of the increase. Total reported…
Homeowners who file jointly stand to keep as much as $500,000 in capital gains out of the federal tax collector’s reach when they sell a principal residence, provided both spouses clear a set of ownership and use requirements written into federal law. The exclusion drops to $250,000 for single filers. With home values in many…
Tesla delivered a record 480,126 vehicles in the second quarter of 2026, yet shares dropped roughly 7.5 percent after the numbers hit the wire. The gap between a headline-grabbing delivery record and a punishing stock reaction tells a story about what investors now demand from the electric-vehicle maker and what a bare-bones regulatory filing cannot…
Credit-union members who lost a combined $95 million in a single fraud case now face a regulatory system that has no pending proposal to tighten how such losses are disclosed. The National Credit Union Administration, the federal agency that charters and supervises credit unions, is instead directing its rulemaking energy toward a different priority: clarifying…