Finance
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Ankur Jain says Bilt is building the ‘Shopify for housing’—and the company’s card is only the beginning
Ankur Jain wants everyone to know the Bilt card is “less than 11%” of his business. Sitting across from me, the hospitality platform CEO and co-founder kept returning to a metaphor: his company’s flagship card—the thing that made Bilt and gets it tagged, tweeted, and torched on Reddit—is the tip of an iceberg. The rest…
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Top analyst has harsh words for SpaceX debut: ‘We recommend that investors avoid this IPO’
David Trainer, CEO of research firm New Constructs, is taking a highly contrarian view of the looming SpaceX IPO that’s generating more excitement than any debut in stock market history. And that’s across the spectrum, from institutions anticipating their biggest payday ever from underwriting the shares, to the funds clamoring to get the way-underpriced allocations…
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The ‘imminent’ oil crisis isn’t at the pump—it’s under your hood
Prices at the pump have surged and global fertilizer shortages are spreading because of the war in Iran, but the most immediate supply chain crisis hitting consumers may be one that arrives every 5,000 miles: the routine engine oil change. Despite the United States’ world-leading oil production and refining capacity, the country is increasingly dependent…
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Federal vs. private student loans: How to choose (and why it matters)
Have you decided to return to school? Investing in yourself is money well-spent, as it can lead to personal growth and the potential to increase your income with honed skills and new degrees. But how do you plan to finance it? The way you choose to fund your education can either help you toward your…
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A Google engineer is facing federal charges after allegedly using his employer’s confidential data to pocket $1.2 million on Polymarket
A software engineer with more than a decade of experience at Google allegedly used internal information to pocket $1.2 million on the prediction market Polymarket. Michele Spagnuolo, the Google engineer who went by the username “AlphaRaccoon” online, allegedly disregarded red text at the top of an internal tool that read “Google Confidential,” and accessed data…
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UBS says Ron DeSantis has a problem with his plan to help 92% of homeowners save on property taxes: His own state’s data
Governor Ron DeSantis is selling his marquee property tax proposal with a bold promise: expand Florida’s homestead exemption to $500,000 and eliminate property taxes for 92% of homeowners in the state. But analysts at investment bank UBS are pumping the brakes, and they’re using Florida’s own government data to do it. In a research note…
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More Americans are going hungry now than during the pandemic, as people face a ‘remarkable’ rise in food insecurity, New York Fed says
There are more Americans experiencing food insecurity now than there were during the pandemic, a new survey from the Federal Reserve of New York found. In the survey from Feb. 2026, the New York Fed asked American households about their spending habits, just as consumer sentiment reached an all-time low this month and as the…
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Inflation hit the highest level in almost three years as the Fed releases the first inflation report under new chair Kevin Warsh
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances. Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% in March and the highest since May…
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Current price of oil as of May 28, 2026
By 9 a.m. Eastern Time today, oil had reached $97.51 per barrel, measured using the Brent benchmark. That’s $1.23 more than it cost yesterday morning and about $32.50 above its price a year earlier. Oil price per barrel % Change Price of oil yesterday $96.28 +1.27% Price of oil 1 month ago $107.43 -9.23% Price…
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This professor asked his robot clone about the future: ‘I think robots will coexist with people. Robots are the mirror of human beings’
Mechanical hands dexterous enough to thread a needle, childlike dancing robots and adult-sized ones to help with deliveries were on display Thursday as the Humanoids Summit Tokyo opened. Among the dozens of companies taking part, including well-known players like Boston Dynamics and Toyota Motor Corp., the big stars now were clearly the Chinese. Chinese newcomers,…