The financial news that actually matters
American households already stretched by high prices now face an even bleaker inflation outlook from the Federal Reserve. The central bank’s median forecast for total PCE inflation in 2026 jumped to 3.6 percent, up from the 2.7 percent projection it published just three months earlier. That near-full-percentage-point revision, released alongside the June 16-17 FOMC meeting,…
Federal prosecutors across multiple states have charged couriers who collected gold bars from elderly victims after posing as FBI agents, Social Security officials, and bank representatives. The cases span from 2023 through early 2026, with the FBI documenting at least 1,737 courier pickup incidents nationwide and tens of millions of dollars in confirmed losses. The…
Louisiana homeowners, drivers, and business owners will soon get twice as long to find replacement coverage when an insurer cancels or declines to renew their policy. Act 182, signed by the governor, doubles the required advance notice from 30 days to 60 days across homeowners, auto, casualty, liability, and commercial lines. The law takes effect…
Fundstrat Global Advisors head of research Tom Lee has warned that U.S. stocks face a potential decline of 10% to 20% before recovering later this year. The call comes as official inflation data from the Bureau of Economic Analysis and the Bureau of Labor Statistics show price pressures holding above the Federal Reserve’s target, while…
A growing share of American workers have crossed the seven-figure threshold in their 401(k) accounts, a milestone fueled by consecutive years of strong equity returns. Yet federal data on retirement-account balances reveal that this club of millionaire savers remains extraordinarily small relative to the broader workforce. The gap between the largest accounts and the typical…
Christopher Alexander Delgado, a 34-year-old crypto executive from Apopka, Florida, pleaded guilty to running a Ponzi scheme through his company Goliath Ventures that raised at least $328 million from more than 1,000 investors. The scheme, which operated from January 2023 through January 2026, promised monthly returns from cryptocurrency liquidity pools while actually funneling new investor…
Homebuyers and sellers across the United States are watching a streak that has not occurred in years: the national median listing price for homes has now declined for seven consecutive months, landing at $430,000. The slide, tracked through Realtor.com’s Housing Inventory Core Metrics series and distributed by the Federal Reserve Bank of St. Louis, signals…
American households spending more at the grocery store will feel additional pressure this year, with federal forecasters projecting food-at-home prices to climb 2.8 percent in 2026. That pace exceeds the 20-year historical average of 2.6 percent annual growth, meaning the gap between what families earn and what they pay for staples is set to widen….
Patrick James, founder and former CEO of First Brands, the parent company of Fram oil filters, and his brother Edward James, a former senior executive, face federal fraud charges after prosecutors allege they ran a scheme that left the company with more than $9 billion in liabilities and just $12 million in cash. First Brands…
Parents whose children downloaded or used apps from Google Play before turning 13 may be entitled to a share of an $8,250,000 settlement fund, but they must file a claim by September 14, 2026. The case, filed in the Northern District of California, alleges that Google unlawfully collected, used, and disclosed personal information from children…