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
$166 billion in tariff refunds start hitting business accounts this week — and zero of 25 CFOs surveyed plan to share a cent with customers
General Motors expects a check for roughly $500 million from the federal government. Not for selling cars. For overpaying on tariffs that the Supreme Court...
Trump shrugged when asked about $4.48 gas — “for a little while,” he said — as Republicans warn high prices could cost them the midterms
On April 23, 2026, the national average price of a gallon of regular gasoline hit $4.48, according to AAA’s daily fuel tracker. That same afternoon,...
Gas hit $4.48 a gallon — the average two-car household is now spending $960 a year more on fuel than before the Iran war started
A year ago, filling up a midsize SUV cost about $50. In May 2026, that same fill-up runs north of $75. Do it twice a...
California’s gas just crossed $6.11 on average — some counties hit $7 a gallon — and Newsom is calling it “Trump’s Iran war tax”
Filling up a mid-size sedan in California now costs north of $90. The statewide average price of regular gasoline crossed $6.11 per gallon in late...
Consumers are suing Costco, Nintendo, and Temu to get a share of tariff refunds — legal experts say the lawsuits are nearly impossible to win
A Costco member in California wants her money back. Not from Costco, exactly, but from the tariffs she believes inflated the price of imported goods...
Beef prices surged 12.1% this year while egg prices crashed 44.7% — the USDA says grocery inflation is 1.7% overall, but individual items are swinging wildly in both directions
A pound of ground beef now runs about $5.80 at the national average, up roughly 12% from a year ago. A dozen eggs, meanwhile, costs...
$166 billion in tariff refunds start going to businesses this week — and zero of 25 CFOs surveyed plan to share a cent with customers
The federal government started wiring money back to American importers the week of May 19, 2026. Not small checks. Roughly $166 billion worth, the result...
Spirit Airlines shut down Friday — fares already jumped 23% on every route they used to fly, and 60,000 daily passengers are scrambling for seats
Spirit Airlines canceled every flight on its schedule Friday morning and told passengers not to come to the airport. The ultra-low-cost carrier that built its...
Iran fired missiles at the UAE this morning — gas jumped to $4.46, oil surged 6%, and Trump’s “Project Freedom” to reopen the Strait of Hormuz is already under attack
Before dawn on May 28, 2026, missiles and drones launched from Iranian territory slammed into targets inside the United Arab Emirates, shattering a fragile ceasefire...
The first tariff refund checks land around May 11 — but every CEO surveyed says they won’t pass the savings to customers
The federal government is preparing to return billions of dollars in tariff payments that the Supreme Court ruled were illegally collected. The first refund checks...
Fares jumped 23% on every route Spirit used to fly — budget air travel in America may have died with the airline
The cheapest seat on the Fort Lauderdale-to-San Juan route used to cost around $49 each way. Spirit Airlines sold thousands of them every week, packing...
Trump declared the Iran war “terminated” to dodge the War Powers clock — the Navy is still blockading ports and gas hasn’t dropped a cent
The letter was two pages long and arrived on the last possible day. On May 1, 2026, the Trump administration notified Congress that the war...
Spirit’s collapse erased 809,000 booked seats overnight — four airlines capped emergency fares at $200, but only until May 10
Spirit Airlines told every one of its remaining passengers the same thing on Monday morning: do not come to the airport. The carrier canceled its...
Energy costs just tied housing as Americans’ second-biggest financial worry — at the highest level since 2008
When Lisa Moreno opens her electric bill each month in her three-bedroom house outside Houston, she braces. The number has climbed every billing cycle since...
56 million Americans don’t have a 401(k) at work — Trump just signed an executive order creating TrumpIRA.gov to fix that
About one in three private-sector workers in the United States has no access to a 401(k), a pension, or any employer-sponsored retirement plan. For a...
15% of tariff refund claims have already been rejected — and small businesses say the CAPE portal requires a customs broker or lawyer just to file
A small-business owner who imports kitchen supplies spent two days trying to file a tariff refund claim through the federal government’s new online portal. She...
Gas hit $4.43 a gallon today — up 47% since the Iran war started — and the average household is now spending $380/month on fuel, up from $250 pre-war
Maria Delgado used to fill her Honda CR-V for about $38 at the Shell station on East Broad Street in Columbus, Ohio. On June 2,...
The personal savings rate just hit 3.6% — the lowest since 2008 — because Americans are spending more on gas, not more on stuff
In April 2024, Americans saved a smaller share of their paychecks than at almost any point since the Great Recession. The personal savings rate fell...
Trump told Congress the Iran war is “terminated” — the Navy is still blockading Iran’s ports and gas just hit $4.43
The same week U.S. Marines boarded a foreign cargo ship in the Persian Gulf to check whether it was heading to an Iranian port, President...
Schumer called Trump’s “war is terminated” letter “bulls—” — the Navy is still blockading Iran and 20% of the world’s oil is trapped behind the Strait
Senate Minority Leader Chuck Schumer stood at the Capitol podium on the morning the War Powers Resolution deadline expired, held up a single sheet of...