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
$9.25 a month comes off your phone or internet bill if you’re on SNAP or Medicaid
Millions of Americans enrolled in SNAP or Medicaid qualify for a $9.25 monthly discount on their phone or internet bill through the federal Lifeline program,...
Sugar and sweets are set to cost 6.7% more this year, outpacing most of the grocery aisle
American grocery shoppers face a steeper bill for candy, cookies, and ice cream in 2026 than for nearly any other product in the supermarket. The...
Pump prices have fallen for almost four straight weeks as the war premium drains away
American drivers are paying roughly 42 cents less per gallon than they were three weeks ago, as the national average price of regular gasoline dropped...
New Medicaid work rules in 2027 will require 80 hours a month to keep coverage
Millions of adults enrolled in Medicaid will need to prove they are working, volunteering, or training for at least 80 hours each month to keep...
Heating oil and diesel are tumbling too, easing the freight costs baked into store prices
Trucking companies, retailers, and anyone who pays a heating bill are catching a break as distillate fuel prices slide from their recent highs. Weekly spot...
Gas fell below $4 a gallon for the first time since March as the Iran blockade eases
American drivers are paying less than $4 a gallon for regular gasoline for the first time since late March, a drop tied directly to renewed...
$900 billion in Medicaid cuts over the next decade are now written into federal law
Tens of millions of Americans who rely on Medicaid for doctor visits, prescriptions, and hospital care now face a federal funding reduction of $989.7 billion...
Meta, Oracle and Block have eliminated 184,000 jobs this year, all citing AI
Block cut 4,000 jobs from a workforce of about 10,000 this year, with CEO Jack Dorsey telling shareholders that artificial intelligence had reshaped how the...
Used-car prices rose about 3.1% in May, roughly $870 more per vehicle in a month
Americans shopping for a used car in May 2026 faced a sharply higher price tag. The Consumer Price Index for used cars and trucks climbed...
$6,000 in tariffs can land on a new car priced under $40,000
Buyers shopping for a new car under $40,000 face a hidden cost that has nothing to do with dealer markups or interest rates. When a...
Electric bills in data-center hubs like Virginia have soared up to 267% in five years
Households and businesses near the country’s largest clusters of data centers are paying sharply higher electricity bills, with wholesale costs at some grid nodes jumping...
Coffee prices are climbing faster than almost anything else at the grocery store this year
American grocery shoppers are paying sharply more for coffee than they were a year ago, with price increases that dwarf most other items in the...
The average new car sold for $49,220 in May as tariffs keep sticker prices high
Car buyers paid an average of $49,220 for a new vehicle in May, a figure shaped directly by the 25 percent tariff on imported automobiles...
Papa John’s closed nearly 50 stores and cut 7% of its corporate staff this month
Papa John’s International shut down 44 restaurants across North America and cut roughly 7 percent of its corporate workforce during the first quarter of 2026,...
Utilities asked regulators for $9.4 billion in rate hikes in just the first quarter of 2026
American households and businesses face the prospect of sharply higher electric bills after utilities across the country filed requests with state regulators seeking a combined...
Gas still costs about $1.50 more a gallon than before the Iran war, even as oil sinks
American drivers are paying roughly $1.50 more per gallon for regular gasoline than they were in late February 2026, before the Iran conflict disrupted energy...
1,115 tech jobs are being cut every day this year, with most blamed on AI
Tech workers across the United States are losing jobs at a pace that has few recent parallels. An average of 1,115 technology positions have been...
AI data centers are quietly pushing household electric bills higher heading into summer
Millions of households across the East Coast face higher electricity bills this summer, and a growing share of that cost pressure traces back to the...
The Iran war is still adding more than $360 million a day to America’s gas bill
American drivers are paying more than $360 million a day in extra gasoline costs tied to the Iran conflict, a figure derived from federal price...
Adults 60 and older on SNAP can deduct out-of-pocket medical costs to raise their food benefit, a break most never claim
Older adults receiving SNAP benefits can subtract unreimbursed medical expenses above $35 a month from the income used to calculate their food allotment, a federal...