The financial news that actually matters
Christopher Alexander Delgado, the man behind a crypto scheme called Goliath Ventures, now faces federal orders to hand over 11 luxury vehicles, 30 high-end watches, and 50 designer handbags after prosecutors alleged he ran a $250 million Ponzi-style fraud. The U.S. Attorney’s Office for the Middle District of Florida filed a verified civil forfeiture complaint…
Vincent J. Camarda, the chairman and CEO of A.G. Morgan Financial Advisors, pleaded guilty to running an investment fraud scheme that collected at least $138 million from more than 430 investors through promissory notes tied to five private equity funds. Federal prosecutors say Camarda used his dual position as both a registered adviser and fund…
JPMorgan Chase CEO Jamie Dimon told a Bloomberg Television audience in Miami on March 2, 2026, that stock markets carry “too much exuberance” and that the buoyant mood among investors does not match what he called a “fine” but unremarkable economy. The warning landed while the S&P 500 traded near its all-time high and while…
Americans turning 60, 61, 62, or 63 this year can now stash an extra $11,250 in catch-up contributions to their 401(k) plans, a $3,250 bump over the standard $8,000 catch-up limit for workers 50 and older. The increase, created by the SECURE 2.0 Act and confirmed in IRS dollar-limit tables for 2026, applies to most…
Single filers and heads of household earning a modified adjusted gross income of $168,000 or more in 2026 will be completely shut out of direct Roth IRA contributions, according to the IRS cost-of-living adjustment published in Notice 2025-67. The phase-out begins at $153,000, meaning anyone in that income band can contribute only a reduced amount….
Cisco is preparing to cut close to 4,000 positions during its fiscal third quarter ended April 25, 2026, as part of restructuring actions disclosed in its latest regulatory filings with the U.S. Securities and Exchange Commission. The company reported Q3 FY2026 results on May 13, 2026, furnishing its earnings release as Exhibit 99.1 in a…
American grocery shoppers are catching a break on one staple that dominated household budgets for the past two years. Egg prices have fallen roughly 35 percent from their 2025 peaks, according to federal data, even as most other grocery categories continue to climb. The decline coincides with a federal antitrust case alleging that major egg…
Most American households filing taxes for 2026 will skip the process of tracking receipts and tallying deductible expenses. The IRS set the standard deduction for married couples filing jointly at $32,200 for tax year 2026, with $16,100 for single filers and $24,150 for heads of household. Those figures, which apply to returns filed in 2027,…
More than 164,000 tech workers have lost their jobs so far in 2026, and Oracle sits at the top of that list after shedding roughly 21,000 full-time positions in a single fiscal year. The cuts reflect a sector-wide shift as companies redirect spending toward artificial intelligence, leaving tens of thousands of employees searching for new…
Gas Express LLC, a company linked to Circle K convenience store operations, formally reported a data breach to Massachusetts regulators in January 2025, triggering consumer notifications and a claims process that offers affected customers a flat $50 payment without requiring proof of harm. The deadline to file a claim falls on September 3, giving customers…