The financial news that actually matters
Investors holding chip and AI-related stocks watched their portfolios slide on Thursday even as the Dow Jones Industrial Average climbed to a fresh record close. The split outcome on July 2, 2026, exposed a widening gap between old-economy blue chips and growth-oriented technology names, driven by a softer-than-expected June jobs report released that morning. With…
Federal student-loan borrowers in default gained breathing room after the U.S. Department of Education halted involuntary collections, including wage garnishment and Treasury offsets, that can strip up to 15 percent of a worker’s disposable pay. The decision reversed an earlier plan that had set a May 2025 restart for the Treasury Offset Program and wage…
Teradyne and KLA Corporation each saw their share prices collapse by roughly a fifth on July 2, 2026, after both companies posted quarterly results that fell short of Wall Street expectations. Teradyne stock dropped from a previous close of 427.34 to 369.09, a single-session decline of 13.63 percent, while KLA faced a similarly punishing selloff….
Consumers who paid a handling fee on Fanatics orders now have until August 27 to file for a settlement payment in a case tracked through Miami-Dade Circuit Court under Case No. 2026-001293-CA-01. The litigation, which alleges the online sports merchandise retailer added mandatory fees after displaying purchase prices, has roots in an earlier federal action…
Evan Tangeman, a 22-year-old from Newport Beach, California, pleaded guilty to RICO conspiracy for his role in a social-engineering operation that stole approximately 4,100 bitcoin, valued at about $263 million at the time of the theft. The case, filed in U.S. District Court in Washington, D.C., has now produced multiple guilty pleas and a superseding…
Anyone with more than $250,000 sitting in a single ownership category at one FDIC-insured bank faces a straightforward risk: the excess is uninsured. That ceiling, formally called the Standard Maximum Deposit Insurance Amount, applies per depositor, per bank, and per ownership category, covering principal and accrued interest through the date of a bank’s closing. The…
Americans buying coffee, tea, juice, and other nonalcoholic beverages at the grocery store face a 5.2 percent price increase this year, according to the latest federal forecast. The jump, driven largely by higher import costs after the White House amended reciprocal tariffs on shipments from China in April 2025, is already showing up in monthly…
Anyone who inherits an IRA from a person who died after Dec. 31, 2019, now faces a hard deadline: the entire account must be emptied by the end of the tenth year following the year of death. Miss that window and the remaining balance gets hit with steep tax penalties. The rule, written into federal…
Rivian Automotive lifted its full-year 2026 delivery forecast after a second quarter that exceeded the company’s own projections, sending shares up roughly 8 percent on a day when rival EV maker Lucid Motors disclosed weaker results and leadership changes. The upward revision, from a range of 62,000 to 67,000 vehicles to 65,000 to 70,000, reflects…
Anyone who spots securities fraud and reports it to the U.S. Securities and Exchange Commission stands to collect between 10% and 30% of the money the agency recovers, provided sanctions in the case exceed $1 million. That financial incentive, written into federal law more than a decade ago, turns employees, investors, and analysts into potential…