The financial news that actually matters
A startup that barely existed three years ago is now at the center of one of the largest AI deals ever proposed. SpaceX has secured the right to acquire Cursor, the AI-powered code editor used by a fast-growing base of professional software developers, for $60 billion later this year, according to reports from Bloomberg, the…
On April 25, 2026, a $16 billion financing package closed for Oracle’s planned hyperscale AI data center campus in Saline, Michigan, ranking it among the largest single-project infrastructure deals in U.S. history. Bank of America led the effort, placing $14 billion in bonds with institutional investors that included funds managed by PIMCO, Bloomberg reported. PIMCO…
Starbucks has called Seattle home since a single Pike Place storefront opened in 1971. Now the company is betting $100 million that its future also runs through Nashville. In a January 2026 internal memo first reported by the Associated Press, Sara Kelly, Starbucks’ executive vice president and chief partner officer, outlined plans to open a…
United Airlines warned in late April 2026 that ticket prices on some routes could jump as much as 20 percent this summer, a direct response to a sharp run-up in jet fuel costs driven by conflict-related disruptions in global oil markets. The carrier’s guidance, shared with analysts on April 22, marks one of the most…
For decades, the 60/40 portfolio was the closest thing investing had to a universal answer: put 60% in stocks, 40% in bonds, rebalance once a year, and sleep well. Bank of America says that playbook is now losing to a four-asset alternative by the widest margin in roughly 90 years. In a recent edition of…
Spirit Airlines, the budget carrier that has spent the past 18 months in Chapter 11 bankruptcy, is on the verge of receiving a $500 million federal loan that could hand U.S. taxpayers a controlling stake in the company, according to a Bloomberg report published in late April 2026. The proposed deal includes warrants giving the…
In late 2025, a Denver renter posted a TikTok of herself opening her lease renewal letter. The new monthly rent was $247 higher than the year before. “I didn’t move. I didn’t upgrade anything. I just stayed,” she said. The video pulled in more than four million views. Thousands of commenters piled on with their…
The call from the hospital comes on a Tuesday. By Thursday, someone in the family is standing in the kitchen of a house that no longer has an owner, wondering who pays the mortgage this month. The deed will transfer through probate eventually, but three federal systems covering taxes, insurance and mortgage servicing keep running…
The federal watchdog responsible for overseeing the Social Security Administration is sounding an alarm that goes well beyond routine bureaucratic concern: the agency is hemorrhaging experienced employees so rapidly that its ability to pay benefits on time, answer phones, and keep field offices open for roughly 73 million Americans is now in serious jeopardy. In…