The financial news that actually matters
U.S. companies filed 2,422 commercial Chapter 11 bankruptcy cases between January and March, a 37 percent jump from the 1,764 filed during the same period in 2025. The increase was not limited to large corporations. Small businesses using the Subchapter V track drove much of the acceleration, with those filings rising 67 percent year over…
American credit-card holders carrying balances 90 days or more past due now account for roughly 13 percent of outstanding card debt, the largest share since 2011. The figure, drawn from the New York Fed Consumer Credit Panel and Equifax data, signals that a growing slice of borrowers has fallen deep enough behind on payments to…
American households now owe a record $18.8 trillion in combined debt, and a growing share of those borrowers are falling behind on payments. The Federal Reserve’s own bank-reported data shows delinquency and charge-off rates climbing across consumer loan categories, with credit cards leading the deterioration. For tens of millions of families carrying revolving balances, the…
Robinhood Markets cut about 290 jobs, roughly 10% of its full-time workforce, even as the company reported record trading activity in June 2026. The online brokerage disclosed the reduction in a regulatory filing, estimating $20 million in cash restructuring charges and approximately $8 million in share-based compensation costs tied to the cuts. The company said…
Depositors with more than $250,000 at a single bank can protect every dollar without moving funds to a second institution. The Federal Deposit Insurance Corporation applies its $250,000 insurance limit per depositor, per insured bank, and per ownership category, which means one person who holds accounts across several categories can qualify for coverage well above…
Every American with a bank account relies on a single promise: that the federal government will make them whole if their bank collapses. Since the Federal Deposit Insurance Corporation began operations in 1934, no depositor has lost a single penny of insured funds due to bank failure. That record has held through the Great Depression,…
American workers saving for retirement through employer-sponsored plans will be able to set aside $24,500 in a 401(k) during 2026, a $1,000 increase over the $23,500 cap that applied in 2025. The IRS announced the adjustment through Notice 2025-67, published in Internal Revenue Bulletin 2025-49, which recalculates contribution ceilings each year based on cost-of-living changes….
Pizza Hut will shutter roughly 250 U.S. restaurants during the first half of 2026, a move that preceded and likely shaped the chain’s $2.7 billion sale by parent company Yum Brands. The closures target underperforming locations at a time when U.S. same-store sales had already dropped 5 percent, and they land hardest on the franchisees…
Trust owners who name five or more eligible beneficiaries on a single account can protect up to $1,250,000 in deposits at one FDIC-insured bank, a coverage ceiling that took effect April 1, 2024. The rule, approved by the FDIC Board and published January 28, 2022, collapsed the old separate categories for revocable and irrevocable trust…
Investors who lost money in a scheme tied to Greg Martel now stand to recover a fraction of their losses through the forced sale of a Las Vegas mansion listed at $5.1 million. The property liquidation is part of a broader asset-recovery effort designed to return funds to victims of an alleged Ponzi operation. Court-ordered…
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