The financial news that actually matters
On May 14, 2025, the benchmark 10-year Treasury note settled at 4.53 percent, its highest close in roughly a year, according to the Treasury Department’s daily par yield curve. Within hours, federal-funds futures repriced sharply: the CME FedWatch tool showed an estimated 30 percent probability that the Federal Reserve would raise its policy rate at…
Memorial Day is 10 days out, and the centerpiece of millions of backyard cookouts just hit a price never seen before. The national average for uncooked beef steak reached $12.74 per pound in the most recent reading from the Bureau of Labor Statistics, the highest figure in the agency’s decades-long tracking history. Pair that with…
If you’re carrying a $6,600 credit card balance at 21.5 percent interest, you’ll hand your card issuer roughly $1,462 over the next 12 months without knocking a single dollar off what you owe. That’s more than many households spend on groceries in a quarter, and every cent of it disappears into finance charges. The 21.5…
Open your latest credit card statement and look at the section most people skip: the minimum-payment disclosure box. If you’re carrying a balance anywhere near the national average, that box tells a brutal story. At today’s average annual percentage rate of 21.5%, a cardholder revolving $6,600 in credit card debt is forking over roughly $1,462…
The Dow Jones Industrial Average closed at 50,063.46 on May 15, 2026, gaining 370.26 points and finishing above 50,000 for the first time since February 6, when the blue-chip index settled at 50,115.67 after a 1,206.95-point rally, according to exchange closing records. The index traded as low as 49,735 during the session before rallying into…
The cost of producing and distributing goods in the United States shot higher in April at a pace not seen since the worst of the post-pandemic supply crunch, a jolt that caught Wall Street off guard and raised pointed questions about where consumer prices are headed this summer. The Bureau of Labor Statistics reported that…
NEW YORK – Wall Street delivered a split-screen session on May 13, 2026. The S&P 500 climbed roughly 0.6% to close at a fresh record, and the Nasdaq Composite surged about 1.2% to its own all-time high. But the rally ran headlong into a pair of troubling data points: wholesale inflation reportedly running near 6%…
At 8:30 a.m. Eastern on a Tuesday in May 2026, the Bureau of Labor Statistics released its April Consumer Price Index report. Within minutes, the benchmark 10-year Treasury yield had surged to 4.46%, its highest level in roughly a year, according to the Federal Reserve’s H.15 daily interest-rate data. The inflation numbers were far worse…
Kevin Warsh is now a sitting Federal Reserve governor, and he is one vote away from running the place. The Senate confirmed him to the Fed’s Board of Governors on Monday morning, 51 to 45, along strict party lines, then immediately moved to set up the bigger question: whether to hand him the chair of…
Energy costs did more to push consumer prices higher in April 2026 than every other category combined, according to the Bureau of Labor Statistics’ Consumer Price Index report released in May 2026. Gasoline prices surged 28.4% year over year. The broader energy index climbed 17.9%. And on a single-month basis, energy alone accounted for more…