Finance
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Iran’s crumbling economy is the regime’s greatest weakness with prices up 40% since the war began while authorities worry about making payroll
The Iranian economy was already in shambles before the U.S. and Israel launched their war on the Islamic republic, and the relentless bombing since then has pushed the regime to the brink, according to reports. Prior to the war, high inflation and a currency collapse triggered mass protests that prompted a brutal crackdown. But now
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Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty
Does being an early adopter to AI protect a company in an AI-induced market panic? Apparently not, based on the experience of Intuit, best known for TurboTax and QuickBooks—and the worst performing stock in the S&P 500 as this year opened. It was a twist in fate for the software company: Intuit is a big
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Saudi Arabia says East-West pipeline restored to full capacity
Saudi Arabia has restored the full pumping capacity of its East-West pipeline to 7 million barrels a day, rehabilitating a vital link for oil exports via the Red Sea. A strike last week — hours after a ceasefire was declared in the Iran war — damaged one of 11 pumping stations along the 746-mile (1,200-kilometer)
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‘Almost unmanageable’: Raising a child in the U.S. now costs more than $300,000
The experience of being a parent may be priceless. But the reality is there’s a price tag on raising a child, and it’s up in the hundreds of thousands. The average cost of raising a child over the course of 18 years in the U.S. has reached $303,418, according to a new study from LendingTree.
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‘I just keep seeing a lot of different aspects of life getting more expensive’: New car prices are up 30% over 6 years
After a few years of sharing a 2019 Chevrolet Trax, Dana Eble and Tyler Marcus are finally looking for a second car. But as they jump into the market, the young married couple isn’t sure what they can afford. “I just keep seeing a lot of different aspects of life getting more expensive, and it’s
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Haiti stares down starvation as Iran War drives 200,000 into acute food emergency status
For a factory worker in Haiti, the war in distant Iran means he now has to walk two hours to work and the same distance home each day, because he can no longer afford public transportation. On a recent morning, Alexandre Joseph, 35, fretted about his family’s future in a loud voice, attracting the attention
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Legendary investor says the AI boom masks a deeper crisis: Falling sperm counts, shrinking populations, and vanishing resources
Jeremy Grantham has been called many things. Permabear. Doom merchant. Cassandra with a British accent. For decades, the co-founder of the Boston-based asset manager GMO has warned that financial markets were inflated to dangerous, unsustainable heights—and he has made enemies for it. But ask him how he feels about all of it, and he sounds
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A 93-year-old refused to sell her home to the Masters golf course that’s spent $280 million on expansion: ‘Money ain’t everything’
A 93-year-old woman who lived less than a mile from Augusta National Golf Club refused to sell her property to the club until her dying breath, rebuffing years of expansion efforts by the golf club that hosts the celebrated Masters Tournament. Elizabeth Thacker lived in a three-bedroom, single-story house on a 0.67 acre lot that
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Turns out the American middle class didn’t die. It got richer—and felt poorer
There’s a peculiar kind of vertigo that comes with being an affluent American in 2026. You’ve made it. By nearly every historical metric, you are living in spectacular abundance. You have a six-figure income, a retirement account, a nice car. And yet something feels wrong — crowded, competitive, precarious. The airport lounge is too full.
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‘People are trying to be creative’: Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans
When the Supreme Court struck down President Donald Trump’s tariffs two months ago, many companies rejoiced at the prospect of returning to pre-tariff prices and the possibility of getting a refund back from the government. However, the ruling may have also created a $166 billion problem. U.S. importers—who have shouldered the brunt of the tariffs—are