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
Block cuts about 40% of staff as company shifts spending to AI
Jack Dorsey’s 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...
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
On April 13, 2026, U.S. warships began enforcing a naval blockade of Iranian ports and coastal areas along the Strait of Hormuz, the narrow waterway...
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...
Amazon says custom chip business tops $20B annual revenue run rate
Amazon’s in-house chip operation now generates more than $20 billion a year in cloud compute revenue, a run rate that surpasses the entire data-center businesses...
Strait of Hormuz stays largely shut despite U.S.-Iran ceasefire
The two-week ceasefire between the United States and Iran was supposed to reopen the Strait of Hormuz. Five days in, the waterway that carries roughly...
It now costs over $310,000 to raise a child in America: a full cost breakdown by age
Raising a child in the United States has never been inexpensive, but the price tag facing parents today is far higher than many realize. The...
Grocery prices are still rising at 2.5% in 2026 despite overall inflation slowing to 2.4%
Inflation in the U.S. economy has cooled from the highs seen earlier in the decade, but grocery shoppers are still facing steady price increases. Even...
Trump announces 2-week Iran ceasefire tied to Hormuz reopening
For weeks, the White House cycled through threats, deadlines and last-minute reversals over Iran. On Monday, President Donald Trump landed on something concrete: a two-week...
The top-rated budgeting apps of 2026 ranked by user ratings and monthly cost
Budgeting apps have become one of the most useful tools for people trying to take control of their finances. But as subscription prices climb, users...
Major retailers are closing thousands of stores in 2026: which brands are shutting locations
Several major U.S. retailers are shrinking their store footprints in 2026, reflecting the continuing shift in how consumers shop. Department stores, discount chains, and even...
Airlines posted record profits in 2025 amid high fares: where your ticket money goes
U.S. airlines reported strong profits in 2025, even as many travelers continued to face expensive ticket prices. During the second quarter of the year, scheduled...
Apple Pay and Google Wallet now have hundreds of millions of users: why Americans are ditching cash
Apple Pay and Google Wallet have reached a scale that is reshaping how Americans pay for everyday purchases. Hundreds of millions of people now use...
A record number of CEOs stepped down in 2025: what is driving the executive exodus?
A record number of chief executives stepped down from major companies in 2025, a trend that is drawing increasing attention from investors, boards, and governance...
Amazon and JPMorgan ordered all employees back to the office: what it signals for remote work
Two of the largest employers in the U.S. are sending the same message to their workforces: the era of widespread hybrid work may be losing...
Home insurance premiums are up double digits for the second year in a row
Homeowners across the U.S. are facing another year of sharply rising insurance costs. In several markets, premiums have climbed at double-digit rates for a second...