The financial news that actually matters
A year ago, parking $25,000 in a high-yield savings account at a top online bank would have earned you north of 5% with no effort and no risk. By late May 2026, multiple secondary reports and account-holder disclosures indicate that Capital One, Synchrony Bank, and Marcus by Goldman Sachs have all trimmed their flagship rates…
For the first time in more than two years, the U.S. economy may have created fewer jobs in a single month than it takes to keep pace with population growth. Economists polled by Reuters and Bloomberg expect that employers added roughly 55,000 nonfarm jobs in April 2026, a steep decline from the 178,000 positions created…
The Fed’s preferred inflation gauge just hit 3.5% — up from 2.8% in December — and rate cuts in 2026 are now off the table At the start of the year, the inflation story felt like it was winding down. The Federal Reserve’s preferred price measure, the Personal Consumption Expenditures index, had eased to roughly…
During the last full week of May 2026, West Texas Intermediate crude oil on the spot market lost roughly $18 a barrel, sliding from about $126 to $108. It was one of the sharpest weekly declines in recent memory, driven by shifting expectations around OPEC+ output and a pullback in the geopolitical risk premium that…
A driver topping off a 50-gallon pickup truck in mid-February 2026 paid roughly $155 at the pump. That same fill-up now costs about $222, a difference of roughly $67, after the national average price of regular unleaded gasoline surged 30 cents in a single week to $4.45 a gallon as of the second week of…
Filling a 15-gallon tank now costs about $66.45 at the national average, up from roughly $45.15 three months ago. That difference, nearly $80 a month for a once-a-week fill-up, traces directly to a military conflict the White House says is already over. Regular unleaded gasoline averaged $4.43 a gallon nationally for the week ending May…
The number on the little white sticker has never been this high. Bureau of Labor Statistics data shows the national average price for uncooked beef steak reached $12.74 per pound in February 2026, the most expensive monthly reading in the history of the agency’s tracking series. March barely budged, landing at $12.73. Compare that with…
The S&P 500 hit a new all-time high at 7,230, but your grocery bill, gas tank, and mortgage rate all went up this week too. Somewhere between the closing bell and the grocery checkout, the American economy split in two again this week. The S&P 500 closed above 7,230, a fresh all-time high that fattened…
A family of four grilling burgers this Memorial Day weekend will spend roughly $6.70 for every pound of ground beef they toss on the grate. Driving to the store to buy it costs $4.43 a gallon. And the house they pull into afterward? If they bought it recently with a 30-year fixed mortgage, they’re likely…
The 60-day clock expired on May 1. Congress never voted to authorize military operations against Iran. And the White House says none of that matters because the war is already over. In a letter sent to congressional leaders on the deadline itself, President Trump declared that hostilities with Iran “have terminated,” according to reporting from…