Money in the News
Trending and breaking stories with a financial angle. This category covers the headlines that affect people’s wallets, from government policy shifts and cost of living changes to corporate upheaval and the financial side of technology. This is what keeps The Money Overview current with the broader news cycle.
Latest in Money in the News
Trump says U.S. is “very close” to an Iran deal — but Tehran hasn’t confirmed key concessions
Twenty-one hours of ceasefire talks between the United States and Iran ended in late April 2026 with Vice President JD Vance boarding a plane out...
Disney cuts roughly 1,000 jobs across TV, film, marketing under new CEO D’Amaro
Walt Disney is eliminating roughly 1,000 jobs across television, film, marketing, and corporate divisions, CEO Josh D’Amaro told employees in an internal memo this month....
Snap slashes 16% of workforce: CEO says AI now replaces “repetitive work”
Snap cut roughly 1,000 jobs this week, eliminating about 16% of its full-time workforce in a restructuring for which CEO Evan Spiegel blamed AI. In...
Oil jumps 8% on Strait of Hormuz blockade — what it means for gas and grocery prices
Crude oil surged roughly 8% in early Monday trading after the U.S. military announced it would blockade all Iranian ports, including traffic through the Strait...
Beef prices forecast to jump 10.1% in 2026; canned goods up as much as 15% on tariffs
The USDA’s Economic Research Service is projecting beef and veal prices will rise 10.1% in 2026, the steepest single-year increase the agency has forecast for...
Gas prices up 33% year-over-year — why your $4.12/gallon is now the #1 financial worry for 86% of Americans
The last time Sarah Mendez filled up her Honda CR-V in suburban Dallas, she watched the pump tick past $55 and kept climbing. A year...
Amazon inks $11.6B Globalstar deal to power satellite internet ambitions
Amazon just made its most expensive bet yet on satellite internet. The company announced an all-cash-and-stock deal to acquire Globalstar, the satellite communications firm, for...
Survey: 62% of shoppers say they’re spending more on groceries
A bag of groceries that cost $100 before the pandemic now runs about $130. American shoppers do not need a chart to know that, but...
Pentagon says Iran war cost $18B, seeks $200B more from Congress
WASHINGTON – The Pentagon is asking Congress to approve roughly $200 billion in emergency war funding for its military campaign against Iran, a request that...
U.S.-Iran peace talks in Pakistan end without a deal after 21 hours
ISLAMABAD, Pakistan – Twenty-one hours of face-to-face negotiations between American and Iranian delegations collapsed early Sunday without an agreement, plunging a fragile ceasefire into uncertainty...
Gas prices jump 21.2% in March, biggest monthly rise since 1967
American drivers got walloped at the pump in March 2026. Gasoline prices surged 21.2% in a single month, the sharpest spike since the Bureau of...
Oracle cuts up to 30,000 jobs, outlining $2.1B restructuring plan
Oracle is cutting as many as 30,000 jobs worldwide as it funnels billions into cloud computing and artificial intelligence, making it one of the largest...
Block cuts about 40% of staff as company shifts spending to AI
Block Inc. is eliminating roughly 4,000 jobs, slashing about 40% of its workforce in one of the largest AI-justified layoffs the technology industry has seen....
Tech layoffs near 99,000 in 2026 so far, TrueUp tracker shows
Barely three months into 2026, the tech industry has already cut close to 99,000 jobs, according to the layoff tracker maintained by TrueUp, a startup-focused...
Trump orders U.S. naval blockade of the Strait of Hormuz
At 10 a.m. EDT on April 13, 2026, U.S. warships began enforcing a naval blockade of Iranian ports and coastal areas along the Strait of...
AAA: U.S. gas price average hits $4.12 a gallon
Filling up the family car just got noticeably more expensive. The national average price of regular gasoline has climbed to $4.12 per gallon, according to...
Inflation’s hidden cost: rising prices steadily erode idle cash
A family that deposited $10,000 into a standard checking account in January 2021 still sees $10,000 on the statement today. But that balance is a...
Stagnant wages and high costs leave many Americans falling behind
On a Saturday morning in April 2026, a home health aide in suburban Atlanta opens her banking app and stares at the number. After taxes,...
Reading a CPI report to see what inflation really means for your bills
On April 10, the Bureau of Labor Statistics published its Consumer Price Index report for March 2026, and within minutes the number that landed on...
DOGE touts $160B saved; report estimates $135B in added costs
The Department of Government Efficiency has a number it wants Americans to remember: $160 billion. That is how much DOGE says it has saved taxpayers...