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 left Beijing without a tariff truce extension — the average 47.5% duty on Chinese goods stays, while Boeing landed three new jet orders for the optics
President Trump left Beijing in late May 2026 with a Boeing deal and nothing else. His summit with President Xi Jinping produced no agreement to...
Hawley’s gas tax suspension bill just picked up Democratic backing — pausing the 18.4-cent federal tax would save drivers $2-3 a fill-up but drain $21 billion from highways
The federal gas tax has not budged from 18.4 cents per gallon since 1993, but Senator Josh Hawley wants to knock it to zero for...
132,000 tech workers have been laid off in 2026 — Walmart just added 1,000 more, and it’s the only company that didn’t blame AI
When Walmart quietly cut roughly 1,000 technology and corporate employees earlier this year, the announcement barely registered against the avalanche of layoffs rolling through the...
Trump left China touting “fantastic” deals — but the average U.S. tariff on Chinese goods is still 47.5% and no major trade agreement was signed
Nearly nine years after President Donald Trump flew out of Beijing declaring he had secured “fantastic” commercial arrangements worth $250 billion, the United States and...
A bill to suspend the 18.4-cent federal gas tax is gaining votes — it would save you $2-3 per fill-up but drain $21 billion from the Highway Trust Fund in six months
Fill up a 15-gallon tank right now and $2.76 of what you pay goes straight to the federal government. Three bills moving through Congress would...
Gas hit $4.53 and the Commerce Department confirmed it’s absorbing all the growth in consumer spending — retail sales ex-gas barely moved
Gas hit $4.53 and the Commerce Department confirmed it’s absorbing all the growth in consumer spending — retail sales ex-gas barely moved A family running...
The first tariff refund checks are finally landing — but CBP accepted only 21% of claims and most filers needed a customs broker just to apply
The first refund checks for tariffs a federal court declared illegal have started hitting importers’ bank accounts. But the money is reaching far fewer businesses...
Trump landed in Beijing today with Musk, Cook, and Nvidia’s CEO on Air Force One — traders give 81% odds the tariff truce gets extended
President Donald Trump touched down in Beijing on Tuesday afternoon, May 13, 2026, accompanied by three of the most powerful technology executives on the planet:...
128,270 tech workers have been laid off in 2026 — and the companies cutting them are spending $725 billion on AI this year
When Intel told several thousand engineers in its foundry division this April that their positions were being eliminated, the company pointed to the same rationale...
Brent crude hit $111 a barrel today, its highest price since 2022 — gas sat at $4.51, just 51 cents from the all-time U.S. record
American drivers paid a national average of $4.51 for a gallon of regular unleaded during the first week of June 2026, according to AAA’s daily...
Wholesale prices surged 6% in April, the biggest jump since 2022 — economists say the price hikes haven’t reached your grocery receipt yet
A gallon of diesel cost roughly 13% more in April than it did in March. A dozen eggs at the supermarket? Barely a penny more....
PayPal is slashing 20% of its workforce — 4,760 jobs because the new CEO says the company “lost ground to rivals”
PayPal plans to eliminate roughly 4,760 jobs over the next two to three years, a reduction of about 20% of its workforce and the deepest...
Shelter costs rose 0.6% in April — rent is now 4.3% higher than a year ago, outpacing both wages and overall inflation
A renter earning the average private-sector hourly wage brought home about 3.6% more this April than a year earlier. Over that same stretch, the rent...
17 Americans from the hantavirus cruise ship are in quarantine in Omaha — 3 passengers died and the Andes strain can spread person to person
Seventeen Americans are spending their days inside sealed quarantine rooms in Omaha, Nebraska, waiting to find out whether a virus they may have been exposed...
A Gartner report says AI layoffs haven’t saved companies a cent — but 37,000 workers lost their jobs in the first 10 days of May anyway
Between May 1 and May 10, 2026, more than 37,000 workers across the United States learned their jobs were gone. A budget airline that once...
Tariff costs finally hit the clothing rack — apparel prices jumped 0.6% in April, the first meaningful increase in years
For most of the past decade, the price of a basic T-shirt or pair of kids’ sneakers barely budged. Cheap overseas production, cutthroat competition among...
Airline fares rose 20.7% in the past year — the steepest annual increase on record, and Spirit Airlines shutting down made it worse
A round-trip flight from Orlando to Chicago cost as little as $120 on Spirit Airlines last spring. Today, with Spirit gone and no ultra-low-cost carrier...
Grocery prices jumped 0.7% in April alone — the sharpest monthly food-at-home increase since early 2023, led by meat, dairy, and coffee
For a few months, the supermarket had started to feel almost normal again. Price tags still stung, but the worst of the post-pandemic grocery shock...
Gas hit $4.50 the same day the CPI showed it’s the biggest driver of inflation — the all-time U.S. record is just 52 cents away
Filling up a midsize sedan cost more than $65 at most stations on the morning of May 12, 2026, the same morning the federal government...
American paychecks shrank in real terms for the first time since 2023 — wages grew 3.6% but prices rose 3.8%
A worker earning the national average hourly wage of $31.27 took home a bigger number on their pay stub in April 2026 than a year...