The financial news that actually matters
Shopify just delivered record revenue, record gross merchandise volume, and a gross margin that most software companies would frame and hang on the wall. The stock dropped 7%. The Canadian e-commerce company reported first-quarter 2026 revenue of $3.17 billion, up 34% from $2.36 billion a year earlier, according to a Form 8-K filed with the…
A gallon of regular gasoline cost $4.48 at the national average as of June 2, 2026, according to AAA’s daily fuel gauge. The U.S. Energy Information Administration’s weekly retail survey confirms the number. That is roughly 50 percent higher than the $2.94 average the EIA recorded in early 2025, before the Iran conflict disrupted tanker…
President Trump suspended the U.S. Navy’s armed escort operation through the Strait of Hormuz after a single day of fighting with Iranian forces, halting a mission that had been pitched as the answer to weeks of Iranian threats against commercial shipping in the world’s most critical oil chokepoint. During roughly 24 hours of operations in…
A week ago, filling a 15-gallon tank cost the average American driver about $61. Today it costs roughly $67. The national average price for a gallon of regular gasoline surged to $4.48 as of late May 2026, according to AAA, a 38-cent jump in just seven days. The automobile association’s warning was blunt: the summer…
The Senate is set to vote the week of May 11, 2026, on Kevin Warsh’s nomination to lead the Federal Reserve, and the math points toward something that has never happened in the central bank’s modern era: a chair confirmed without a single vote from the opposing party. Majority Leader John Thune filed cloture on…
Time is nearly up for displaced Spirit Airlines passengers hoping to lock in discounted rebookings. The rescue fare programs arranged by the U.S. Department of Transportation and four major carriers are set to close as early as May 15, 2026, depending on the airline. After that, travelers on routes Spirit once dominated will face a…
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…