The financial news that actually matters
Micron Technology has returned roughly 557% over the past five years, turning a stock that traded near $14 in early 2021 into one worth more than $90 by April 2026. That gain crushes most names in the Philadelphia Semiconductor Index. And yet, by the valuation yardstick Wall Street cares about most, Micron still looks like…
The United Arab Emirates appears to be moving toward a departure from OPEC that could come within the spring of 2026, a shift that would free one of the world’s most aggressive oil investors to pump far more crude and potentially drag global prices lower at a moment when American drivers are bracing for the…
Gasoline hit $3.64 a gallon in March 2026, according to the Bureau of Transportation Statistics, a 25.1% jump from February that ranks among the sharpest single-month increases since the post-Ukraine price shock of spring 2022. The federal government attributes the surge to supply disruptions tied to the U.S.-Iran conflict. And yet General Motors, the country’s…
Ryanair chief executive Michael O’Leary has named Wizz Air and airBaltic as the European budget airlines most likely to go bankrupt before the end of 2026, warning that oil prices near $150 a barrel are creating an existential crisis for carriers that failed to lock in cheaper fuel. “Two or three European airlines could go…
T-Mobile has committed $2.7 billion to two new fiber broadband joint ventures, partnering with northeastern operators GoNetspeed and Greenlight Networks in deals that mark the wireless carrier’s most significant push yet into wired home internet. The partnerships, announced in late April 2026 and backed by private equity firm Oak Hill Capital, will fund construction and…
BP reported first-quarter profit of $3.2 billion, more than double what the company earned in the same period a year ago, as the war involving Iran choked global oil supplies and pushed U.S. gasoline prices to their highest level since the conflict began. The results, disclosed in a quarterly filing with the Securities and Exchange…
When Russia’s new tax year began on January 1, 2026, tens of thousands of small businesses woke up to a reality they had spent months dreading. A higher value-added tax rate and a drastically lower income ceiling for VAT exemptions under the simplified taxation system (USN) had taken effect simultaneously, and for firms operating on…
Gasoline prices jumped 21.2% in a single month. The Consumer Price Index hit 3.3% year-over-year. And Ray Dalio, the billionaire founder of Bridgewater Associates, chose that moment to post a blunt warning on LinkedIn: the U.S. economy is sliding toward stagflation, and investors banking on Federal Reserve rate cuts are making a dangerous bet. Dalio’s…
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…
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…