The financial news that actually matters
The S&P 500 closed at a record high on Thursday, April 24, 2026, capping its strongest weekly gain of the year and pushing the benchmark index past every previous peak in its history. The milestone, confirmed by the Associated Press, arrived during a week when several other major U.S. indexes also touched fresh highs. For…
JetBlue Airways spent roughly $2.7 billion on jet fuel in fiscal 2024, making it the airline’s single largest operating expense. That same year, the carrier wrote a $69 million check to Spirit Airlines just to walk away from a merger a federal judge killed. Now, as JetBlue tries to convince Wall Street that its JetForward…
Somewhere in Meta’s long-term energy planning, someone decided that the sun on Earth’s surface wasn’t enough. The company has agreed to purchase up to 1 gigawatt of electricity generated by solar panels in orbit and beamed down to the ground, a deal with startup Overview Energy that stands as the most unconventional power bet any…
Nvidia Corp. surged roughly 4% in a single session in May 2026, pushing its market capitalization to a record near $5.3 trillion and widening its lead as the world’s most valuable publicly traded company. Based on approximately 24.5 billion diluted shares outstanding reported in the company’s most recent annual filing, the record close implied a…
Paramount Global and Skydance Media want to buy Warner Bros. Discovery, the parent company of CNN, HBO, and DC Studios. But to get the deal done, they first need the Federal Communications Commission to sign off on something politically explosive: billions of dollars in financing from three Gulf state sovereign wealth funds tied to the…
For years, Wall Street’s biggest exchanges talked about putting stocks and bonds on blockchains. Regulators listened politely and did nothing. That changed when the Securities and Exchange Commission approved a Nasdaq rule change allowing the exchange to list and trade securities in tokenized form, making Nasdaq the first major U.S. stock exchange to receive explicit…
North Carolina’s State Health Plan covers roughly 740,000 people, from first-year teachers to retired correctional officers, and it is burning through money faster than the state can replenish it. Actuarial projections shared with the plan’s Board of Trustees show cumulative net losses on track to exceed $1 billion by 2027, driven by hospital and specialty-care…
Gasoline prices have climbed for nine straight weeks. Airline fuel surcharges are back. And Goldman Sachs now says the pain has further to run: the bank raised its fourth-quarter Brent crude forecast to roughly $90 per barrel, up from about $80, warning that “extreme inventory draws” caused by the near-total shutdown of shipping through the…
A small appliance company in Ohio pays 25% more for the Chinese-made motors inside its bestselling product line than it did in 2017. A Texas auto-parts distributor has rerouted half its sourcing to Vietnam and Mexico, spending millions on new supplier relationships. A family in suburban Atlanta is paying noticeably more for washing machines, power…
OTTAWA – Prime Minister Mark Carney stood before Parliament on April 27 and made an announcement decades in the making: Canada is getting its first federal sovereign wealth fund. Called the Canada Strong Fund, the vehicle launches with CAD $25 billion, approximately $18.4 billion USD, earmarked for large-scale infrastructure, energy, and housing projects that private…