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
The first tariff refund checks land this week — but CBP accepted only 21% of claims, and most small businesses need a customs broker just to file
The first tariff refund payments started hitting importers’ bank accounts this week, marking the beginning of a payback process for businesses that overpaid duties under...
Household debt hit $18.8 trillion — and the savings rate dropped from 6.2% to 4.0% because every extra dollar goes to gas and groceries
Household debt hit $18.8 trillion – and the savings rate dropped from 6.2% to 4.0% because every extra dollar goes to gas and groceries The...
Meta is cutting 8,000 workers on May 20 and canceling 6,000 open roles — while spending up to $135 billion on AI this year
For the roughly 8,000 Meta Platforms employees who opened an internal memo on a late-April morning and learned their roles would be eliminated on May...
Gas sat 16 cents from the all-time U.S. record — then Trump rejected Iran’s peace deal and crude shot back above $101
Sixteen cents. That was the gap between the national average price of regular gasoline and the all-time U.S. record when President Trump rejected ceasefire talks...
The AI layoff wave just accelerated — Cloudflare cut 20% of its staff despite record revenue, PayPal is cutting 20% over 3 years, and 92,000 tech workers have been laid off in 2026 so far
On May 7, roughly 1,100 Cloudflare employees learned their jobs no longer existed. Hours earlier, the company had reported the best quarterly revenue in its...
Trump told PBS the Iran war has “a very good chance of ending” — while Iran reviewed his 14-point peace memo and called it “excessive,” and three Navy destroyers took fire in the Strait of Hormuz this week
Three U.S. Navy destroyers came under Iranian fire in the Strait of Hormuz in late May 2026, American warships struck back, and within days President...
The first tariff refund checks arrive around May 11 — Cards Against Humanity is passing every cent to customers, but 0 of 25 CFOs surveyed plan to do the same
Starting around May 11, 2026, U.S. Customs and Border Protection will begin cutting refund checks to thousands of American importers who paid tariffs the Supreme...
Household debt hit $18.8 trillion — and Americans are saving less despite earning more, because every extra dollar is going to gas and groceries
The average American worker earned more in early 2026 than a year ago. The average American household also owed more, saved less, and watched a...
Gas just hit $4.55 a gallon — 16 cents below the all-time record — and Iran warned it will launch a “heavy assault” on U.S. ships if the ceasefire breaks
Filling up a tank of gas now costs American drivers more than it has at any point since the summer of 2022. The national average...
The first tariff refund checks land next week — Cards Against Humanity is passing every cent to customers, but 0 of 25 CFOs surveyed plan to do the same
U.S. Customs and Border Protection is expected to begin sending refund checks to importers in the coming weeks, returning duties collected under the International Emergency...
$166 billion in tariff refunds start going to businesses around May 11 — FedEx pledged to pass them along, but 0 of 25 CFOs surveyed plan to share with customers
The federal government is preparing to return roughly $166 billion in tariff payments to American importers, one of the largest refund operations in U.S. customs...
The millionaire tax movement just scored wins in Maine, Washington, and Rhode Island — and California’s billionaire tax is headed for the November ballot
Three states have enacted new taxes on their wealthiest residents this spring, and a fourth is putting the question directly to voters. Washington Governor Bob...
Gas hit $4.50 nationally — up 50% since the Iran war started — and the average household is now spending $380 a month just on fuel
Maria Gonzalez fills up her Honda CR-V twice a week. The home health aide drives roughly 80 miles a day across suburban Houston visiting patients,...
Spirit Airlines executives are requesting $10.7 million in “retention bonuses” — while 17,000 workers just lost paychecks and health benefits
Spirit Airlines’ last flight touched down weeks ago. The planes are being auctioned. Roughly 17,000 employees, from flight attendants and gate agents to pilots and...
California gas just hit $7 a gallon in Mono County — the state average crossed $6.11, and two closed refineries mean relief isn’t coming
The Tioga Gas Mart sits at 9,600 feet on the eastern edge of Yosemite, surrounded by granite and thin air. It is also one of...
$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...