The financial news that actually matters
When Nvidia reports fiscal first-quarter results after the closing bell on Wednesday, the number at the top of the page will be difficult to process on first read: Wall Street analysts tracked by LSEG expect roughly $78.8 billion in revenue for a single three-month period ending in late April 2026. That $78.8 billion figure represents…
The price of a backyard steak dinner keeps setting records, and the timing could not be worse for anyone planning a Memorial Day cookout. The national average for uncooked beef steaks reached $13.02 per pound in April 2026, according to Bureau of Labor Statistics data published by the Federal Reserve Bank of St. Louis. That…
A year ago, filling up before Memorial Day weekend felt almost like a gift. The national average for regular gasoline sat at $3.17 per gallon during the last full week of May 2025, according to the U.S. Energy Information Administration. GasBuddy called it the cheapest inflation-adjusted Memorial Day fill-up since 2003. Some stations briefly dipped…
Roughly 13 out of every 100 credit card accounts in the United States are now past due, and the man nominated to lead the Federal Reserve has made one thing clear: lower interest rates are not coming to the rescue. The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit for…
In April 2026, more American workers lost their jobs because of artificial intelligence than for any other reason employers gave, and it was not close. Outplacement firm Challenger, Gray & Christmas counted 21,490 positions eliminated with AI cited as the employer-stated primary cause, a sharp jump from approximately 13,000 in February and 12,000 in March….
The world’s oil cushion shrank faster in March and April than in any two-month stretch the International Energy Agency has tracked. Global observed inventories fell by a combined 246 million barrels over those 60 days, the IEA said in its May Oil Market Report, a pace that erased roughly 3 percent of total worldwide stocks…
Seven trading days. That is all it took for Nvidia to add roughly $1 trillion in market value. By mid-May 2026, the chipmaker’s stock had surged about 20 percent, vaulting its market capitalization past the mid-$5 trillion mark and putting $6 trillion within striking distance. At that level, Nvidia is now worth more than all…
The price of grilling steak just set a record, and the timing could not be worse for backyard hosts. According to the Bureau of Labor Statistics, the average retail price for uncooked beef steaks hit $12.74 per pound in its April 2026 reading, the highest level ever recorded in the agency’s price-tracking program, which stretches…
Britain is preparing to send a Type 45 destroyer, Typhoon fighter jets, and unmanned surface vessels to the Persian Gulf as part of a multinational military coalition assembled to force open the Strait of Hormuz, the 21-mile-wide chokepoint between Iran and Oman through which a large share of the world’s traded oil flows every day….
Defense Secretary Pete Hegseth told Congress on May 12 that the United States has lost 39 aircraft in its war with Iran and that the conflict has cost $29 billion so far, with $24 billion of that dedicated to replacing expended munitions and repairing or replacing damaged equipment. The figures, disclosed during a House Appropriations…