Money news that hits your wallet — markets, personal finance, big wins, costly mistakes, and smart moves worth knowing.
Microsoft posted strong financial results for the fourth quarter of fiscal 2026, with revenue of $90 billion and earnings per share of $4.74 on an adjusted basis, beating Wall Street expectations and highlighting accelerating artificial intelligence momentum across the company’s…
Oil prices surged on Wednesday after fighting resumed between the United States and Iran, lifting crude to its highest levels in weeks even as a sharp sell-off in artificial intelligence stocks dragged the overall stock market lower in a day…
— American consumers’ confidence in the nation’s economy continued its slide this month as renewed fighting between the United States and Iran sent gasoline prices soaring back above four dollars per gallon, undoing fragile gains from a brief period of…
Chinese memory chipmaker CXMT soared more than 500 percent in its Shanghai trading debut on Monday, becoming the most valuable company listed in mainland China, while global oil prices fell sharply as geopolitical tensions eased in the Middle East and…
Americans are experiencing a frustrating economic paradox: Overall inflation has cooled considerably, yet grocery prices continue climbing steadily. This phenomenon has a name in economic circles: the “rockets and feathers” effect, and it explains why shoppers who hear good news…
A Social Security commentator has shared a fresh update on the proposed $2,000 stimulus checks that President Donald Trump said could be sent out. The idea was first floated in July of last year, but no payments have been issued…
Wall Street stocks edged higher Friday as investors attempted to recover from a grueling week marked by surging oil prices, escalating geopolitical tensions in the Middle East, mounting anxiety about artificial intelligence capital expenditures, and new tariff concerns. The market’s…
Oil prices have surged to levels not seen in months, and American consumers are beginning to feel the impact in three critical areas: the gas pump, grocery stores, and back-to-school shopping budgets. Brent crude oil, the international benchmark for petroleum…
U.S. mortgage rates climbed to their highest level in nearly a year this week, with the average 30-year fixed-rate mortgage reaching 6.55% as financial markets continue to grapple with global uncertainty and rising energy costs. The jump represents a significant…
ESPN is undergoing a significant round of layoffs for the first time in three years, with the majority of job cuts tied to the network’s acquisition of NFL Network, according to an internal memo from chairman Jimmy Pitaro shared with…
Millions of Americans who struggled to restart their student loan payments after years of pandemic relief are now facing the harsh consequences of default, with the crisis intensifying as government protections have ended and collection efforts resume. The scale of…
Millions of American student loan borrowers have entered default in a historic wave following the expiration of pandemic-era payment protections, according to data released over the past several months. The crisis marks a dramatic reversal from years of relief that…
Taylor Farms has issued a major recall of all iceberg lettuce sourced from central Mexico distributed across 27 states, as federal health officials continue investigating one of the largest cyclosporiasis outbreaks in U.S. history that has sickened thousands and threatened…
U.S. inflation cooled in June after months of relentless price growth, providing welcome relief to consumers dealing with the aftermath of earlier energy shocks. Yet even as energy prices plummeted and monthly inflation turned negative for the first time in…
The average 30-year fixed-rate mortgage reached 6.55% this week, marking its highest level in nearly a year, as renewed geopolitical tensions in the Middle East reignited concerns about inflation and energy costs. The surge in borrowing costs reflects a dramatic…
U.S. wholesale prices fell unexpectedly in June, offering a brief respite from months of elevated inflation. The producer price index dropped 0.3% from May to June, marking the largest monthly decline since April 2025 and a sharp reversal from May’s…