The financial news that actually matters
Tech workers across the United States are losing jobs at a pace that exceeds the early months of the pandemic. Roughly 157,000 positions have been eliminated so far in 2026, translating to about 892 cuts per day. The losses span companies of every size, from startups shedding small teams to major enterprise firms restructuring entire…
The Dow Jones Industrial Average surged 594.83 points on July 2, 2026, closing at 52,900.07 and setting a fresh record high just ahead of the July 4 holiday weekend. The rally stood in contrast to a mixed session for other major U.S. stock indexes, raising a pointed question: did broad economic confidence lift the blue-chip…
Sanders Family Office LLC and its founder Margaret Sanders have agreed to settle Securities and Exchange Commission claims that they raised roughly $40 million in connection with a $56 million South Florida real estate Ponzi scheme. The proposed final judgment, filed in the Western District of Texas, calls for disgorgement of $2,977,099.53 plus prejudgment interest…
Workers across the United States are setting aside more of each paycheck for retirement than at any previously recorded point, with combined employee and employer contributions reaching 14.4% of pay. Yet that discipline has not translated into growing nest eggs. The average 401(k) balance dropped to roughly $141,000, a decline driven by market volatility that…
Individual investors who sold stocks, funds, or other assets at a loss during a volatile stretch can use those losses to cut their tax bill on wages, salaries, and other ordinary income, but the annual benefit is capped at $3,000 per return. That ceiling, set by federal statute and unchanged for decades, applies after all…
Low-wage workers in three U.S. jurisdictions saw their paychecks rise on July 1, 2026, when Alaska, Oregon, and Washington, D.C., each put higher minimum wage rates into effect. The District of Columbia now pays the highest minimum wage of any state or territory at $18.40 an hour, while Oregon continued its unusual three-tier regional structure…
Customers of cannabis brand Stiiizy Inc. who had personal information exposed during a month-long data breach in late 2024 could receive up to $7,500 each under a proposed class-action settlement now before a federal court in California. The breach, which ran from October 10 to November 10, 2024, triggered formal notifications in at least three…
Hundreds of thousands of workers across Chicago will see their hourly pay floor rise to $17.05 when the city’s updated minimum wage takes effect on July 1, 2026. The increase widens the gap between what employers inside the city limits must pay and the rates set by Cook County and the state of Illinois, creating…
GameStop Corp. ended its latest fiscal year with 1,598 stores across the United States, a figure that reflects years of steady downsizing. The company’s own annual filing with the Securities and Exchange Commission, covering the period through January 31, 2026, includes a forward-looking statement that the retailer does not expect to close a large number…
More than 430 investors, many of them elderly, lost money in a scheme that federal prosecutors say stretched across five funds and relied on misleading promissory notes sold by a registered adviser on Long Island. Vincent Camarda, who operated through A.G. Morgan Financial Advisors, pleaded guilty to investment fraud in Central Islip after the government…