The financial news that actually matters
The United States has lost or sustained damage to 39 military aircraft since its war with Iran began roughly 12 weeks ago, Pentagon leaders told the House Appropriations Committee’s Defense Subcommittee in late May 2026. At the same session, lawmakers learned that direct war spending has reached approximately $29 billion and is now climbing at…
Roughly one in every eight credit card accounts in the United States was at least 90 days past due during the first quarter of 2025. The serious delinquency rate held at 13.1%, according to the New York Fed’s Quarterly Report on Household Debt and Credit, matching the recent peak and sitting at a level the…
As of the week ending June 6, 2026, the S&P 500 is up approximately 4% for the year. Remove five stocks and the gain disappears entirely. NVIDIA, Broadcom, Amazon, Alphabet, and Intel have generated every point of the index’s advance, according to contribution-to-return data from S&P Dow Jones Indices. Collectively, those five names account for…
Last Memorial Day, filling up the tank felt almost like a bargain. Gas prices had sunk to their lowest inflation-adjusted level since 2003, and some stations were flirting with sub-$3.00 gallons. Twelve months later, the pump tells a very different story. With an estimated 45 million drivers set to hit U.S. highways over the long…
Firing up the grill this Memorial Day weekend will cost more than it ever has, and the price tag starts with the meat. A backyard cookout for 10 people runs about $103 in 2026, according to Rabobank’s annual BBQ Index, which prices out a typical summer spread using Bureau of Labor Statistics retail data. The…
The benchmark 10-year Treasury yield surged to roughly 4.60% on Wednesday, its highest closing level in about a year, after a hotter-than-expected inflation report forced bond traders to confront a scenario most had written off: the Federal Reserve raising interest rates again. Futures markets tied to the fed funds rate now imply an estimated 30%…
The Federal Reserve’s April 28-29 meeting ended with a fractured vote and a leadership transition already underway. On Wednesday, May 20, the public gets to see what happened inside the room. The FOMC minutes, scheduled for 2 p.m. ET, will detail the internal debate at what was effectively Jerome Powell’s final meeting as full chair…
When outplacement firm Challenger, Gray & Christmas released its May 2025 jobs report, one number jumped off the page: 21,490. That was the count of positions U.S. employers said they eliminated because of artificial intelligence in April alone, the highest single-month AI-linked total since the firm began tracking the category. It also marked the third…
Bitcoin fell below $77,000 during early trading on Monday, May 19, 2026, its lowest level in over a month, as a punishing wave of forced liquidations swept through crypto derivatives markets. Data from Coinglass showed roughly $657 million in leveraged positions wiped out across major exchanges within hours. The drop extended a slide that has…
Nvidia reports $78 billion in quarterly revenue Wednesday – almost twice the combined revenue of McDonald’s, Starbucks, and Coca-Cola for the same three months A single chipmaker is about to report more revenue for one quarter than McDonald’s, Starbucks, and Coca-Cola managed to generate in the same period combined. And it won’t be close. When…