The financial news that actually matters
Across the tech sector, 156,270 workers at 150 companies have been cut from payrolls so far this year, a toll tracked in near-real time by the independent site Layoffs.fyi. The figure, compiled by founder Roger Lee, has become a default reference point for journalists, investors, and policymakers trying to gauge how fast artificial intelligence is…
Checking account holders at the largest U.S. banks face renewed exposure to higher overdraft charges after the president signed a joint resolution on May 12, 2025, killing a federal rule that would have capped most fees at $5. Many of those banks had already dropped their overdraft charges from roughly $35 per transaction to $5…
The Securities and Exchange Commission has charged two Georgia-based firms, Reign Financial International and Berone Capital, with orchestrating an alleged $26 million fraud through three purported high-yield investment programs that pulled in at least 31 investors. The enforcement action, documented in Litigation Release No. 26552, names both firms and their principals, accusing them of misusing…
Every Eddie Bauer store in the United States will shut its doors after the company’s bankruptcy auction for 174 locations drew zero qualified bids. Eddie Bauer LLC and affiliated debtors filed for Chapter 11 protection on Feb. 9, 2026, in the U.S. Bankruptcy Court for the District of New Jersey under case number 26-11422 (SLM)….
Investors who sold stocks, funds, or other assets at a loss during recent market swings face a hard ceiling when filing their 2025 returns: federal law caps the net capital loss deduction at $3,000 per year for most filers, or $1,500 for those married filing separately. Any excess rolls into future tax years, dollar for…
Every dollar a saver deposits at a federally insured credit union carries the same federal guarantee as money held at a bank: $250,000 per owner, per institution, for each account ownership category. That parity is written into federal law and backed by two separate government-administered insurance funds, yet a persistent gap in public awareness still…
Every American consumer can lock down their credit files at Equifax, Experian, and TransUnion without paying a cent, a protection that federal regulators call the single strongest defense against new-account identity theft. The right has been codified in federal law since the Economic Growth, Regulatory Relief, and Consumer Protection Act took effect, and it extends…
Millions of Americans hold money at FDIC-insured banks while also buying stocks, crypto, or mutual funds through the same financial institutions. The Federal Deposit Insurance Corporation protects only the cash sitting in traditional deposit accounts, covering up to $250,000 per depositor. Stocks, bonds, mutual funds, and crypto assets fall entirely outside that safety net, even…
Jeffrey Gundlach, the DoubleLine Capital founder often called the “Bond King,” is refusing to buy U.S. stocks until prices drop significantly lower, pointing to gold and commodities as the smarter allocation while the Federal Reserve stays locked in place on interest rates. Gundlach has said across multiple appearances that it is “just not possible” for…
Morgan Stanley chief U.S. equity strategist Mike Wilson is telling clients to treat the latest stock-market slide as a buying opportunity, even while acknowledging that equity valuations have not meaningfully compressed. The call carries weight because Wilson has built a track record of shifting between bearish and bullish stances at high-profile moments. Earlier, he projected…