The financial news that actually matters
President Donald Trump killed Iran’s latest peace proposal with a single social media post on Sunday night, calling Tehran’s terms “TOTALLY UNACCEPTABLE!” and shutting down weeks of quiet diplomacy in fewer than 30 characters. Hours later, Israeli Prime Minister Benjamin Netanyahu told reporters in Jerusalem that the war is “not over,” according to Channel 12…
Mark McCloskey kept his bank account for more than two decades. Then he pointed a rifle at protesters outside his St. Louis home during the 2020 unrest, became a national lightning rod, and within months received a letter from his bank: account closed, no further explanation. McCloskey is far from alone. Gun shop owners, cryptocurrency…
Spirit Airlines flew its last flight on May 2, 2026. By that evening, roughly 17,000 employees, including pilots, flight attendants, mechanics, and gate agents, had lost their paychecks and their employer-sponsored health insurance, according to company wind-down documents distributed that day. Hours later, bankruptcy court filings in the Southern District of New York (Case No….
A 62-year-old worker who maxes out her 401(k) in 2026 will be allowed to contribute $35,750, roughly $670 per week before her employer even chips in. That ceiling is $11,250 higher than what a colleague under 50 can defer and $3,250 above the limit for most other catch-up-eligible workers over 50. No other age group…
The U.S. economy added 115,000 jobs in April 2026, nearly doubling the 60,000 that forecasters in the Bloomberg consensus survey had expected. On most Fridays, that headline would have carried the morning. But a second federal survey, published in the same Bureau of Labor Statistics employment situation report, told a sharply different story: 226,000 fewer…
The number on Layoffs.fyi ticked past 128,270 in late May 2026, each digit representing a person who opened a calendar invite or a Slack message and learned their job no longer existed. Engineers at Microsoft, which confirmed a performance-focused reduction spanning thousands of roles across divisions. Product managers at SAP, where leadership tied a sweeping…
Picture a borrower we will call Maria: she carries a $6,600 credit card balance, makes her minimum payments on time every month, and assumed the Federal Reserve’s three rate cuts between September and December 2024 would eventually lower her interest charges. They never did. The average annual percentage rate on credit card accounts assessed interest…
When Fiverr published its 2025 workforce report under the title “Single-Paycheck Panic,” the name landed because it described something millions of young workers already felt. A September 2025 Harris Poll cited by Nature found that 57% of working Gen Z adults now earn money outside their primary job, the highest rate the polling firm has…
Between November 2025 and April 2026, roughly 1.55 million American men stopped working or looking for work, according to seasonally adjusted data from the Bureau of Labor Statistics’ Employment Situation report published May 8, 2026. That five-month exodus pushed the male labor force participation rate to 61.8 percent, the lowest level in records that stretch…
The price tag on a pound of uncooked steak at the average American grocery store now reads $12.74, the highest the Bureau of Labor Statistics has ever recorded in its decades of monitoring beef costs. That figure reflects the March 2026 monthly reading from the agency’s consumer price tracking, and it has held at that…