The financial news that actually matters
A week ago, filling a 15-gallon tank with regular gasoline cost about $61.65 at the national average. Today it costs roughly $66.90. The national average price of regular gasoline jumped 35 cents to $4.46 per gallon for the week ending May 23, 2026, according to the U.S. Energy Information Administration. That is the steepest single-week…
A round trip between Fort Lauderdale and Detroit used to cost as little as $78 on Spirit Airlines. Today, the cheapest nonstop on that route rarely dips below $140. That is not an outlier. Across dozens of city pairs where Spirit was often the lowest-priced carrier, fares have climbed roughly 14% since the airline stopped…
Missiles and drones launched by Iran struck civilian targets inside the United Arab Emirates on May 4, 2026, injuring three people and drawing a sharp condemnation from Abu Dhabi. Wall Street barely flinched. The S&P 500 slipped 29.37 points to close at 7,200.75, a decline of roughly 0.41%, according to market data reported by the…
One sector is carrying American manufacturing on its back, and it runs on GPUs. U.S. factories booked $630.4 billion in new orders during March 2026, a $9.1 billion jump that represents the strongest single-month gain since November 2025, according to the Census Bureau’s latest M3 survey (release CB26-68). Nearly all of that growth was concentrated…
The Senate Banking Committee voted 13-11 on May 1, 2026, to advance Kevin Warsh’s nomination as chair of the Federal Reserve, with every Republican voting in favor and every Democrat opposed. It was the first purely partisan committee vote for a Fed chair in the institution’s 113-year history, and it sets up a full Senate…
The U.S. Treasury just gave savers a reason to log into TreasuryDirect. As of May 1, 2026, newly purchased Series I savings bonds earn a composite annual rate of 4.26%, the highest yield the government has offered on I bonds since the 5.27% rate set in November 2023. That rate applies to any bond bought…
Smoke was still rising over the port of Fujairah on the morning of May 28, 2026, when tanker captains in the Gulf of Oman began rerouting. Hours earlier, a coordinated Iranian barrage of cruise missiles and armed drones had slammed into one of the UAE’s largest oil export terminals, igniting fires visible from commercial shipping…
A round-trip flight from Fort Lauderdale to Detroit on Spirit Airlines used to run about $120 in the off-season. That fare no longer exists. Neither does the airline that offered it, at least not in any form most travelers would recognize. Spirit’s financial collapse across 2024 and 2025 ripped more than 200 routes and roughly…
Three Indian nationals were near the Fujairah oil terminal complex on the Gulf of Oman when Iranian missiles struck on May 4, 2026. Debris injured all three. A separate armed drone ignited a fire at a storage tank in the sprawling facility, which handles what industry sources estimate to be roughly 42 million barrels of…
The April jobs report drops Thursday and economists expect the weakest hiring since the pandemic — 50,000 jobs vs. 178,000 in March Somewhere around 50,000. That is the number economists at major banks and research firms are penciling in for April’s nonfarm payroll gain, according to consensus surveys compiled by Bloomberg and Reuters. If the…