The financial news that actually matters
General Mills, the company behind Cheerios, Pillsbury, and dozens of other grocery staples, lowered its profit outlook after reporting fiscal 2026 third-quarter results for the period ended Feb. 22, 2026. The revision came as shoppers increasingly traded down to cheaper alternatives and relied more heavily on coupons, forcing the company to ramp up promotional spending….
American workers displaced by artificial intelligence now number 87,714 in 2026 alone, a total that has already surpassed the 54,836 AI-linked job cuts recorded across all of 2025. The acceleration is showing up not just in layoff tallies but in corporate filings, where companies are tying headcount reductions directly to AI-driven efficiency programs. For employees…
Saks Global exited Chapter 11 bankruptcy protection in roughly nine months, rebranding itself as Exemplar Luxury Group and placing three of America’s most recognized luxury retail names under a single corporate umbrella. The company now operates Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman with reduced debt, a feat that sets it apart from the…
Pennsylvanians who never filed a claim for lost money are now receiving checks in the mail, sent automatically by the state Treasury. Treasurer Stacy Garrity announced the first batch of 2026 Money Match checks, continuing a program that has already completed two earlier rounds since launching in early 2025. The effort covers single-owner unclaimed properties…
Conagra Brands, the packaged-food company behind Slim Jim, Duncan Hines, and Healthy Choice, reported a 1.9 percent drop in net sales for its fiscal third quarter ended February 22, 2026, while simultaneously flagging that future dividend payments are not guaranteed. The company narrowed its full-year adjusted earnings-per-share guidance to a range anchored at $1.70 on…
Married couples who are both past age 70½ can now exclude as much as $216,000 combined from taxable income by sending IRA money straight to qualifying charities, with each spouse eligible for a $108,000 annual cap. The per-person limit rose from $100,000 after Congress indexed it for inflation under Section 307 of the SECURE 2.0…
People who received automated calls from Molina Healthcare meant for someone else have until July 6 to file a claim worth between $319 and $638, with no receipts or documentation required. The settlement stems from a federal class-action lawsuit, Kruzel v. Molina Healthcare, Inc., et al., filed in the U.S. District Court for the District…
Roughly 130,000 California residents are receiving letters from the state telling them they may be owed money. The notices come from the State Controller’s Office, which holds approximately $15 billion in unclaimed property and is now using tax-record matching to track down the people most likely to have a valid claim. The effort marks a…
Every one of the roughly 460 francesca’s mall locations is closing for good after the women’s apparel and accessories chain filed for Chapter 11 bankruptcy protection for the second time. The case, filed in U.S. Bankruptcy Court for the District of New Jersey, has already triggered court-approved liquidation sales across the entire store fleet, run…
A married couple filing jointly for 2026 can direct up to $7,500 into an IRA for a spouse who earns nothing at all, thanks to a longstanding but widely overlooked federal tax provision. The IRS confirmed that annual IRA contribution ceiling when it released cost-of-living adjustments for 2026, raising the limit from the prior $7,000….