The financial news that actually matters
Shopkeepers in Tehran spent the last week of April 2026 re-tagging prices before their doors opened each morning. The reason: Iran’s currency had just crossed a threshold that would have seemed unthinkable a decade ago. On the unofficial exchange market where most Iranians actually buy dollars, the rial fell past 1,000,000 to the dollar, its…
Michael Burry is holding millions of dollars in put options against the two most widely held index funds in American retirement accounts. That alone would be worth noting. But the timing of his bet coincides with a set of structural shifts in how stocks enter major indexes, shifts that could force 401(k) plans to buy…
Ford Motor Co. told investors on April 29 that it is raising its full-year 2026 profit forecast, betting that booming demand for its trucks and SUVs will more than offset a persistent drag from rising aluminum costs. The announcement, disclosed in a Form 8-K filed with the Securities and Exchange Commission, represents a sharp pivot…
One fake PayPal invoice. One phone call to a number that looked legitimate. Roughly $130,000 gone. That is the outcome the FBI documented after a victim followed the instructions in a fraudulent invoice email, called the listed “support” line, and allowed a stranger to take remote control of their computer. The bureau’s victim identification effort…
Toyota’s lending arm is accusing a Connecticut car dealer of losing track of roughly $5.1 million in vehicles that were supposed to be sitting on the lot, financed and accounted for. Instead, according to a new federal lawsuit, the cars are gone and the money never came back. Toyota Motor Credit Corporation filed the case…
Microsoft reported fiscal third-quarter results on April 30, 2026, and the number investors had circled delivered: Azure cloud revenue grew 39% in constant currency during the three months ended March 31, matching the guidance range the company laid out in January. Shares climbed in extended trading, though the company did not specify the magnitude of…
For decades, the red-roofed Pizza Hut on the corner was a fixture of American suburban life, the place where Little League teams celebrated and families gathered on Friday nights. Now, 250 of those restaurants are set to go dark. Pizza Hut is preparing to shut down 250 U.S. locations during the first half of 2026,…
Volvo dealerships across the United States are conspicuously quiet this spring, and not because the cars are hard to find. While competitors plaster windshields with cash-back offers and subsidized lease rates, Volvo Cars has refused to blink on pricing. Every model in its U.S. lineup carries a 25% import tariff embedded somewhere in the transaction,…
Massachusetts securities regulators fined Fidelity Investments $1.25 million in May 2026, alleging the firm was too slow to warn customers about data breaches and failed to properly oversee the outside technology vendors handling their personal information, according to a consent order issued by the state’s Securities Division. The penalty targets one of the largest asset…
United Parcel Service is entering what executives describe as the final stages of a sweeping operational overhaul, yet the company’s first-quarter 2026 results show that soft package volumes and rising fuel expenses are still squeezing the payoff. On the April 28 earnings call, CEO Carol Tome told analysts the restructuring is “closer to the finish…