The financial news that actually matters
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…
Nvidia Corp. surged roughly 4% in a single session in May 2026, pushing its market capitalization to a record near $5.3 trillion and widening its lead as the world’s most valuable publicly traded company. Based on approximately 24.5 billion diluted shares outstanding reported in the company’s most recent annual filing, the record close implied a…
Verizon added postpaid phone subscribers in a first quarter for the first time since 2013, reporting 55,000 net new lines in Q1 2026 and breaking a 12-year streak of early-year customer losses. The result, disclosed on April 27, blindsided analysts who had forecast a net decline. Shares rose on the news, and management raised its…
Your parent spent decades building a $500,000 IRA. You inherited it, and now the IRS wants a quarter of it back, possibly more, unless you handle the withdrawals correctly. That is the reality facing non-spouse beneficiaries under rules the IRS began enforcing in January 2025. As of May 2026, according to tax practitioners and financial…