The financial news that actually matters
If you have been waiting to book a cheap flight on a route Spirit Airlines used to serve, the clock runs out tonight. Frontier Airlines’ rescue fares, which cut base prices by as much as 50% on select travel days, expire at the end of May 15, 2026, according to Frontier’s active booking page. After…
Until January 2026, a traveler willing to forgo a carry-on bag and squeeze into a 28-inch seat pitch could fly round-trip from Fort Lauderdale to Detroit on Spirit Airlines for under $100. That fare no longer exists. Spirit canceled every remaining flight in early 2026 and began auctioning off its planes, gates, and landing slots…
Every time you tap your credit card at a coffee shop or swipe at a gas pump, the merchant pays a fee you never see on your receipt. On June 30, 2026, the Office of the Comptroller of the Currency made sure it stays that way. The federal banking regulator finalized an interim rule that…
President Donald Trump killed Iran’s latest peace proposal with a single social media post on Sunday night, calling Tehran’s terms “TOTALLY UNACCEPTABLE!” and shutting down weeks of quiet diplomacy in fewer than 30 characters. Hours later, Israeli Prime Minister Benjamin Netanyahu told reporters in Jerusalem that the war is “not over,” according to Channel 12…
Mark McCloskey kept his bank account for more than two decades. Then he pointed a rifle at protesters outside his St. Louis home during the 2020 unrest, became a national lightning rod, and within months received a letter from his bank: account closed, no further explanation. McCloskey is far from alone. Gun shop owners, cryptocurrency…
Spirit Airlines flew its last flight on May 2, 2026. By that evening, roughly 17,000 employees, including pilots, flight attendants, mechanics, and gate agents, had lost their paychecks and their employer-sponsored health insurance, according to company wind-down documents distributed that day. Hours later, bankruptcy court filings in the Southern District of New York (Case No….
A 62-year-old worker who maxes out her 401(k) in 2026 will be allowed to contribute $35,750, roughly $670 per week before her employer even chips in. That ceiling is $11,250 higher than what a colleague under 50 can defer and $3,250 above the limit for most other catch-up-eligible workers over 50. No other age group…
The U.S. economy added 115,000 jobs in April 2026, nearly doubling the 60,000 that forecasters in the Bloomberg consensus survey had expected. On most Fridays, that headline would have carried the morning. But a second federal survey, published in the same Bureau of Labor Statistics employment situation report, told a sharply different story: 226,000 fewer…
The number on Layoffs.fyi ticked past 128,270 in late May 2026, each digit representing a person who opened a calendar invite or a Slack message and learned their job no longer existed. Engineers at Microsoft, which confirmed a performance-focused reduction spanning thousands of roles across divisions. Product managers at SAP, where leadership tied a sweeping…
Picture a borrower we will call Maria: she carries a $6,600 credit card balance, makes her minimum payments on time every month, and assumed the Federal Reserve’s three rate cuts between September and December 2024 would eventually lower her interest charges. They never did. The average annual percentage rate on credit card accounts assessed interest…