The financial news that actually matters
Meta is eliminating roughly 8,000 jobs and shelving another 6,000 open positions it had planned to fill, a combined reduction of about 14,000 roles that makes this the company’s third major round of layoffs in 2026. The cuts amount to approximately 10% of Meta’s global workforce, according to the Associated Press, and arrive as the…
Texas Instruments hadn’t moved like this in a quarter century. Shares of the analog chipmaker surged 18% on April 23, 2026, their largest single-day percentage gain since 2000, after first-quarter earnings blew past Wall Street forecasts and management signaled that artificial-intelligence demand is pulling revenue higher faster than almost anyone on the Street had modeled….
A new Federal Reserve Bank of New York analysis found that Americans bore almost the entire cost of the tariff surge that hit imported goods in 2025, undercutting the long-running political argument that foreign exporters would end up paying the bill. The finding is straightforward and hard to spin. Looking across U.S. import data through…
Walmart has done something no retailer had ever managed before. On February 3, the company’s market value climbed past $1 trillion, putting the Bentonville, Arkansas-based chain into a club that has been dominated almost entirely by technology giants. The milestone says as much about how investors now see Walmart as it does about the stock’s…
Claudia Sahm’s recession indicator is back in the conversation, and that alone is enough to make investors and workers pay attention. The Sahm Rule has one of the cleanest reputations in macroeconomics because it was designed to spot the early stage of a recession using something simple and hard to fake: a meaningful rise in…
SpaceX appears to be moving closer to one of the most anticipated public offerings in years, with four of Wall Street’s biggest banks now in the frame for senior roles on a potential 2026 IPO. The company has not publicly filed to go public, and the process is still subject to market conditions and internal…
The Supreme Court on Wednesday appeared deeply skeptical of giving the White House broad power to remove Federal Reserve board members, a signal that could preserve one of the central bank’s most important institutional protections. Over roughly two hours of argument in Trump v. Cook, justices across the bench pressed the administration on a basic…
Amazon has cut about 16,000 corporate jobs in what amounts to the biggest layoff round in the company’s history, deepening a restructuring push that had already eliminated roughly 14,000 similar roles just three months earlier. The latest move brings Amazon’s total corporate reductions since October to about 30,000, a sharp rollback for a company that…
Raymond James Financial said it has entered into an agreement to acquire Clark Capital Management Group, a Philadelphia-based firm overseeing more than $46 billion in assets, in a transaction that would expand the buyer’s investment management division. The transaction, structured through Raymond James Investment Management and its subsidiary Carillon Tower Advisers, is expected to close…
The Federal Reserve’s latest Beige Book paints a split-screen picture of the U.S. economy: overall growth is inching forward, but the spending power behind that expansion is concentrated among wealthier households. Lower- and middle-income consumers, meanwhile, are pulling back on discretionary purchases as price sensitivity deepens. The gap between these two groups is widening enough…