The financial news that actually matters
Covers broad economic trends including inflation, interest rates, GDP, employment data, and central bank decisions. It explains how macroeconomic factors influence markets and everyday finances.
Robinhood Markets cut about 290 jobs, roughly 10% of its full-time workforce, even as the company reported record trading activity in June 2026. The online brokerage disclosed the reduction in a regulatory filing, estimating $20 million in cash restructuring charges and approximately $8 million in share-based compensation costs tied to the cuts. The company said…
Pizza Hut will shutter roughly 250 U.S. restaurants during the first half of 2026, a move that preceded and likely shaped the chain’s $2.7 billion sale by parent company Yum Brands. The closures target underperforming locations at a time when U.S. same-store sales had already dropped 5 percent, and they land hardest on the franchisees…
Investors who lost money in a scheme tied to Greg Martel now stand to recover a fraction of their losses through the forced sale of a Las Vegas mansion listed at $5.1 million. The property liquidation is part of a broader asset-recovery effort designed to return funds to victims of an alleged Ponzi operation. Court-ordered…
Across the tech sector, 156,270 workers at 150 companies have been cut from payrolls so far this year, a toll tracked in near-real time by the independent site Layoffs.fyi. The figure, compiled by founder Roger Lee, has become a default reference point for journalists, investors, and policymakers trying to gauge how fast artificial intelligence is…
The Securities and Exchange Commission has charged two Georgia-based firms, Reign Financial International and Berone Capital, with orchestrating an alleged $26 million fraud through three purported high-yield investment programs that pulled in at least 31 investors. The enforcement action, documented in Litigation Release No. 26552, names both firms and their principals, accusing them of misusing…
Every Eddie Bauer store in the United States will shut its doors after the company’s bankruptcy auction for 174 locations drew zero qualified bids. Eddie Bauer LLC and affiliated debtors filed for Chapter 11 protection on Feb. 9, 2026, in the U.S. Bankruptcy Court for the District of New Jersey under case number 26-11422 (SLM)….
Investors who trusted Russell Todd Burkhalter and his firm Drive Planning, LLC with their savings now face a federal enforcement action alleging the operation was a Ponzi scheme exceeding $300 million. The SEC filed an emergency complaint in the Northern District of Georgia accusing Burkhalter of funneling tens of millions into options trading losses and…
Investors who lost money on shares of China Liberal Education Holdings Ltd. now have a path to recover some of those losses after federal prosecutors in Chicago secured a court order permanently forfeiting approximately $214 million seized as alleged proceeds of a pump-and-dump scheme. The forfeiture, one of the largest tied to a single stock-manipulation…
Jeffrey Gundlach, the DoubleLine Capital founder often called the “Bond King,” is refusing to buy U.S. stocks until prices drop significantly lower, pointing to gold and commodities as the smarter allocation while the Federal Reserve stays locked in place on interest rates. Gundlach has said across multiple appearances that it is “just not possible” for…
Morgan Stanley chief U.S. equity strategist Mike Wilson is telling clients to treat the latest stock-market slide as a buying opportunity, even while acknowledging that equity valuations have not meaningfully compressed. The call carries weight because Wilson has built a track record of shifting between bearish and bullish stances at high-profile moments. Earlier, he projected…