The financial news that actually matters
ServiceNow cut hundreds of jobs at its California facilities, filing notices with the state as required by labor law, while simultaneously accelerating a product strategy built around AI agents designed to automate enterprise work. The layoffs and the AI push arrived in the same window, creating a sharp contrast between the company’s shrinking workforce and…
Anyone who stored passwords with LastPass during its 2022 security breach can file a claim for $25 without submitting receipts, screenshots, or any other documentation. The catch: the filing window closes on July 2, 2025, and there is no extension. The breach that triggered this settlement also drew a £1.2 million fine from the UK…
Federal prosecutors charged Cesar Humberto Pina, a New Jersey real-estate influencer known online as “Flipping NJ,” with running a Ponzi-like investment fraud that allegedly stretched from 2017 through May 2023. A grand jury later expanded the case beyond wire fraud, adding counts of money laundering and bribery of a public official. The charges raise a…
Bank customers who overdraw their accounts are paying more in fees after Congress blocked a federal rule that would have capped those charges at $5 for the largest financial institutions. The Consumer Financial Protection Bureau finalized the overdraft rule in late December 2024, projecting it would save consumers billions of dollars annually. But a joint…
Saks Global exited Chapter 11 bankruptcy on June 26, 2026, shedding nearly 75 percent of its debt and rebranding as Exemplar Luxury Group. The reorganized company now controls three of the most recognized names in American luxury retail: Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman. The move raises a direct question for the industry:…
A growing number of American workers are tapping their retirement savings early, pulling hardship withdrawals from 401(k) plans at a time when the average account balance has slipped to roughly $141,000. The trend signals that short-term financial pressure is overriding long-term retirement planning for a widening share of the workforce, raising hard questions about whether…
A trove of 24 billion stolen usernames and passwords has been found consolidated in a single online dump, giving criminal groups a ready-made toolkit for breaking into accounts across every major service category. The sheer volume of exposed credentials raises urgent questions about how well organizations are protecting login systems and whether current federal guidance…
Homebuyers across the United States are pulling back from the market as mortgage rates hover near 6.5 percent and listing prices sit at record levels. Pending home sales have now declined for a fourth consecutive week, reflecting an affordability squeeze that shows no sign of easing. The 30-year fixed rate has barely moved in roughly…
Graduate students entering programs this fall face a hard new ceiling on how much they can borrow from the federal government each year. Starting July 1, 2026, new graduate and professional-degree borrowers will be limited to $20,500 annually in federal Direct Loans, a sharp reduction from the previously available amounts that often covered most or…
American homebuyers now face a median sale price above $400,000 for the first time on record, a threshold crossed while transaction volumes sit at their lowest point in three decades. The split between rising prices and shrinking sales activity defines the housing market heading into the second half of 2026, squeezing both first-time buyers and…