The financial news that actually matters
A U.S. Bankruptcy Court approved the sale of select Del Monte Foods assets to Fresh Del Monte Produce for roughly $509 million, closing a Chapter 11 process that began when the 139-year-old canned-goods company filed for protection last summer under the weight of more than $1 billion in debt. The Section 363 transaction gives Fresh…
Americans lost more money to fraud in 2025 than in any previous year on record. The Federal Trade Commission reported that consumers filed complaints totaling about $16 billion in losses, a 25 percent increase over the $12.5 billion reported in 2024. Imposter scams, where criminals pose as trusted businesses or government agencies, drove $3.5 billion…
American drivers are catching a break at the pump after months of record-setting fuel costs. The national average price for a gallon of regular gasoline has dropped below $4 for the first time since March, according to AAA data. That 20 percent decline from the June 14 peak of $5.02 per gallon has not, however,…
A 79-year-old Manatee County woman lost more than $200,000 to a cryptocurrency scam, then agreed to work with detectives when the same callers phoned back demanding even more money. That cooperation helped the Manatee County Sheriff’s Office launch an undercover operation that exposed a $3.5 million fraud network targeting elderly residents across Florida. A federal…
Georgia homeowners are facing a sharp rise in foreclosure activity, with filings across the state climbing 78% in early 2026 compared to the same period a year earlier. The surge is hitting counties large and small, and it raises hard questions about whether borrowers who held on through years of pandemic-era protections are now losing…
Drivers across the United States are receiving text messages that claim they owe a few dollars in unpaid tolls, and federal agencies say the real cost of responding is far higher than the amount demanded. The FBI’s Internet Crime Complaint Center has logged over 2,000 complaints about these fraudulent texts since early March 2024, with…
Microsoft plans to offer voluntary buyouts to about 8,750 U.S. employees, roughly 7% of its domestic workforce. The offers are expected to reach eligible workers in early May, according to two people familiar with the plan who were not authorized to speak publicly. The move arrives as the company redirects spending toward artificial intelligence infrastructure…
Federal agents arrested Christopher Alexander Delgado, the 34-year-old CEO of Goliath Ventures, on charges of wire fraud and money laundering tied to an alleged cryptocurrency Ponzi scheme that collected at least $328 million from investors. The scheme ran from January 2023 through January 2026 out of Apopka, Florida, according to a criminal complaint filed in…
Borrowers, savers, and bond traders all got the same answer from the Federal Reserve on June 17, 2026: no change. The Federal Open Market Committee voted unanimously to keep the federal funds rate at 3.5% to 3.75%, the first rate decision under Chair Kevin Warsh, who took office less than a month earlier. Alongside the…
Americans reported losing more than $7.9 billion to investment scams during calendar year 2025, with the median individual loss topping $10,000. That figure marks a sharp escalation from $5.7 billion in investment-scam losses reported just one year earlier, raising hard questions about why federal enforcement and consumer education have failed to slow the bleeding. The…