The financial news that actually matters
Gold crossed $5,000 per ounce for the first time and kept climbing, a milestone that turned a strong rally into a market-defining move. What made the surge stand out was not just the number itself, but the speed and conviction behind it. Prices did not briefly touch the level and fade. They powered through it…
For many households, the end of 2025 did not feel like a return to financial normal. Inflation had cooled from its earlier peak, but the prices Americans paid for groceries, meals out, housing, and other basics were still well above where they had been just a few years earlier. That left a wide gap between…
Canada’s new grocery fairness code is now officially in force, arriving at a moment when food prices remain a source of daily stress for households. The code is designed to make dealings between major grocery chains and the companies that supply them more predictable, more transparent, and less prone to sudden fees or one-sided contract…
Gold’s rally crossed another psychological threshold this week as the metal surged past $4,900 an ounce, extending a blistering run that has turned bullion into one of the market’s clearest expressions of global unease. For investors who spent much of the past decade hearing that gold was old-fashioned, too slow, or too dependent on fear,…
The Federal Reserve held interest rates steady on January 28, 2026, but the language in its official statement and the economic data surrounding the decision suggest policymakers are increasingly focused on when it may be appropriate to begin cutting rates, potentially as soon as the next few meetings. A softening labor market, delayed government data…
United Parcel Service said Tuesday that it plans to cut as many as 30,000 jobs in 2026, adding to roughly 48,000 positions the company eliminated last year as it accelerates a costly restructuring tied to shrinking volumes from its largest customer, Amazon. The announcement, made during UPS’s latest earnings call, signals that the delivery giant’s…
The largest U.S. banks shed jobs at the fastest clip in nearly a decade through 2024 and 2025, driven by aggressive investment in artificial intelligence and automation tools designed to cut costs. Wells Fargo, JPMorgan Chase, and their peers filed annual disclosures showing workforce numbers that reflect a sustained contraction, even as revenues held steady…
Consumer prices in the United States climbed 0.3% in December 2025 on a seasonally adjusted basis, pushing the annual inflation rate to 2.7% above its level a year earlier. The reading, released by the Bureau of Labor Statistics on January 13, 2026, capped a year in which monthly price swings varied widely and federal funding…
U.S. retail sales were unchanged in December compared with November, a flat result that caught economists off guard and closed out the year with fading consumer momentum. The reading, drawn from the Census Bureau’s Advance Monthly Retail Trade Survey, suggested that holiday shoppers pulled back more than anticipated, leaving the economy with less spending fuel…
The U.S. economy is heading into 2026 with a striking contradiction at its center. Growth projections near 3 percent sit alongside core inflation readings that remain well above the Federal Reserve’s 2 percent target. That split creates real tension for policymakers deciding when, or whether, to cut interest rates, and for households still feeling the…