The financial news that actually matters
A gallon of regular gasoline now costs $4.39 on average nationwide, after prices lurched up 9 cents in a single day on June 2, 2026, according to AAA’s daily fuel gauge. For the driver filling a typical 15-gallon sedan tank, that works out to roughly $66, up from about $45 before hostilities between the United…
When State Farm locked in a 17% rate hike on California homeowners policies this spring, it confirmed what many policyholders already suspected: the January 2025 wildfires that burned through Pacific Palisades, Altadena, and surrounding communities did not just destroy neighborhoods. They broke the economics of insuring a home in the nation’s most populous state. Insurify,…
As of late May 2026, roughly 8 million federal student loan borrowers enrolled in the defunct SAVE repayment plan have about 62 days before loan servicers start sending notices that will force a decision. Beginning July 1, 2026, those servicers will notify SAVE borrowers that they have 90 days to switch to a different repayment…
A single parent who waits tables and picks up overtime shifts could see tens of thousands of dollars vanish from her taxable income this year. A retiree on a fixed income gets a fatter standard deduction. A family financing a new American-assembled truck can write off the loan interest. None of this is hypothetical. These…
Michael Burry is holding millions of dollars in put options against the two most widely held index funds in American retirement accounts. That alone would be worth noting. But the timing of his bet coincides with a set of structural shifts in how stocks enter major indexes, shifts that could force 401(k) plans to buy…
Ford Motor Co. told investors on April 29 that it is raising its full-year 2026 profit forecast, betting that booming demand for its trucks and SUVs will more than offset a persistent drag from rising aluminum costs. The announcement, disclosed in a Form 8-K filed with the Securities and Exchange Commission, represents a sharp pivot…
Federal prosecutors have seized more than $2 million from a Pasadena, California, wound care clinic they say billed Medicare for tens of millions of dollars in a matter of months, according to an announcement from the U.S. Attorney’s Office for the Central District of California. Expert Wound Care PC submitted $46.6 million in Medicare claims…
When the Federal Trade Commission tallied fraud complaints for 2025, one statistic stood out above the rest: roughly one in three Americans who reported losing money to a scam said it started on social media. Not a phone call. Not a phishing email. A post, a direct message, or an ad on a platform they…
Twenty-two Minneapolis businesses were raided in a single coordinated federal operation in April 2026, targeting providers suspected of stealing from Medicaid programs that fund therapy for children with autism and housing support for vulnerable adults. According to the Associated Press, agents seized records and evidence from every location, making the sweep one of the most…
Paramount Global and Skydance Media want to buy Warner Bros. Discovery, the parent company of CNN, HBO, and DC Studios. But to get the deal done, they first need the Federal Communications Commission to sign off on something politically explosive: billions of dollars in financing from three Gulf state sovereign wealth funds tied to the…