The financial news that actually matters
When a corporate landlord sells a single-family rental in California and immediately buys another, it can defer every dollar of state capital gains tax. A first-time buyer competing for that same house gets no such advantage. A bill that would have changed that dynamic for the state’s largest investors is now dead for the session….
Gasoline hit $3.64 a gallon in March 2026, according to the Bureau of Transportation Statistics, a 25.1% jump from February that ranks among the sharpest single-month increases since the post-Ukraine price shock of spring 2022. The federal government attributes the surge to supply disruptions tied to the U.S.-Iran conflict. And yet General Motors, the country’s…
Ryanair chief executive Michael O’Leary has named Wizz Air and airBaltic as the European budget airlines most likely to go bankrupt before the end of 2026, warning that oil prices near $150 a barrel are creating an existential crisis for carriers that failed to lock in cheaper fuel. “Two or three European airlines could go…
Frontier Airlines and Avelo Airlines are pressing Congress to temporarily suspend two federal ticket taxes, arguing the move would save low-cost carriers roughly $2.5 billion and cover about one-third of the added jet fuel costs that have eaten into their finances over the past year. The carriers sent their request to congressional leaders through a…
Across Virginia, thousands of churches, mosques, and synagogues sit on land that could hold apartment buildings, townhomes, or cottage courts. Until now, a congregation that wanted to build affordable housing on its own property faced the same drawn-out rezoning process as any commercial developer, a timeline that often stretches years and invites neighborhood opposition before…
JPMorgan urges investors to keep buying dips even as stocks hit highs The S&P 500 closed above 5,900 for the first time in mid-April 2026, extending a year-to-date gain of roughly 10%, and JPMorgan Chase’s top equity strategist says the playbook is simple: keep buying every pullback. Mislav Matejka, the bank’s head of global equity…
Three academic papers published in the Institute for Fiscal Studies’ journal Fiscal Studies have delivered the most detailed critique yet of annual wealth taxation in the UK, warning that a levy like the one proposed by the Green Party of England and Wales would likely drive capital offshore, stall investment, and cost more to enforce…
Apple has introduced a new subscription billing structure that lets App Store developers offer 12-month plans paid in monthly installments, splitting what has traditionally been a single upfront annual charge into twelve smaller payments. The option began appearing inside App Store Connect, Apple’s developer management portal, in late April 2026, and it sits between the…
Shell PLC is making its biggest bet on North American natural gas in more than a decade. The European energy giant has agreed to acquire ARC Resources Ltd. in a deal valued at roughly C$16.4 billion (about US$12 billion in equity), a transaction that would vault Shell into the top tier of western Canadian gas…
Somewhere in Meta’s long-term energy planning, someone decided that the sun on Earth’s surface wasn’t enough. The company has agreed to purchase up to 1 gigawatt of electricity generated by solar panels in orbit and beamed down to the ground, a deal with startup Overview Energy that stands as the most unconventional power bet any…