The financial news that actually matters
Verizon added postpaid phone subscribers in a first quarter for the first time since 2013, reporting 55,000 net new lines in Q1 2026 and breaking a 12-year streak of early-year customer losses. The result, disclosed on April 27, blindsided analysts who had forecast a net decline. Shares rose on the news, and management raised its…
Paramount Global and Skydance Media want to buy Warner Bros. Discovery, the parent company of CNN, HBO, and DC Studios. But to get the deal done, they first need the Federal Communications Commission to sign off on something politically explosive: billions of dollars in financing from three Gulf state sovereign wealth funds tied to the…
For years, Wall Street’s biggest exchanges talked about putting stocks and bonds on blockchains. Regulators listened politely and did nothing. That changed when the Securities and Exchange Commission approved a Nasdaq rule change allowing the exchange to list and trade securities in tokenized form, making Nasdaq the first major U.S. stock exchange to receive explicit…
North Carolina’s State Health Plan covers roughly 740,000 people, from first-year teachers to retired correctional officers, and it is burning through money faster than the state can replenish it. Actuarial projections shared with the plan’s Board of Trustees show cumulative net losses on track to exceed $1 billion by 2027, driven by hospital and specialty-care…
Gasoline prices have climbed for nine straight weeks. Airline fuel surcharges are back. And Goldman Sachs now says the pain has further to run: the bank raised its fourth-quarter Brent crude forecast to roughly $90 per barrel, up from about $80, warning that “extreme inventory draws” caused by the near-total shutdown of shipping through the…
A small appliance company in Ohio pays 25% more for the Chinese-made motors inside its bestselling product line than it did in 2017. A Texas auto-parts distributor has rerouted half its sourcing to Vietnam and Mexico, spending millions on new supplier relationships. A family in suburban Atlanta is paying noticeably more for washing machines, power…
OTTAWA – Prime Minister Mark Carney stood before Parliament on April 27 and made an announcement decades in the making: Canada is getting its first federal sovereign wealth fund. Called the Canada Strong Fund, the vehicle launches with CAD $25 billion, approximately $18.4 billion USD, earmarked for large-scale infrastructure, energy, and housing projects that private…
Microsoft is offering buyout packages to thousands of its most seasoned U.S. employees, marking the first time the software giant has turned to voluntary retirement as it reshapes its workforce around artificial intelligence. Workers whose age and years of service add up to at least 70 are eligible, according to The Wall Street Journal, which…
Qualcomm shares surged roughly 13% in premarket trading on Monday, April 28, 2026, after supply-chain analyst Ming-Chi Kuo reported that OpenAI is working with the San Diego chipmaker on AI-focused smartphone processors. Qualcomm, which closed the prior Friday near $168 per share with a market capitalization of roughly $188 billion, saw billions of dollars in…
Ross Gerber has a blunt prescription for Tesla’s governance headaches: if Elon Musk insists on running half a dozen companies at once, merge the biggest ones together and let shareholders ride the full portfolio. The CEO of Gerber Kawasaki Wealth and Investment Management, a Los Angeles-based firm that counts Tesla among its largest public holdings,…