Finance
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Eisen raises $18.5 million to help Americans recover $70 billion in forgotten funds held by state governments
Shortly after joining a Zoom call with Eisen, the startup’s co-founder and CEO Alan Osgood had a surprise: The state of New York was holding money that belonged to me. By searching my name in a publicly available database, Osgood had discovered that I had failed to claim funds paid out by my college, likely…
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Current price of oil as of May 19, 2026
As of 9:20 a.m. Eastern Time today, oil is trading at $112.93 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $2.85 above yesterday morning’s level and about $47 higher than where it stood a year ago. Oil price per barrel % Change Price of oil yesterday $110.08 +2.58% Price of…
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Exclusive: Yahoo Finance is building a Bloomberg Terminal for everyone else
Any finance professional who has used the Bloomberg Terminal’s brightly colored keyboard knows a secret: if you figure out the right question to ask, data is at your fingertips. For decades, the Terminal has been the gold standard of financial research tools — and a symbol of the gap between Wall Street and everyone else.…
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Forget tariffs and the Iran oil shock—a top economist says the Fed is blind to the real inflation threat
The distressing inflation data just released raises the crucial question on whether all the good things we’re seeing in the economy—from a confident, big spending consumer to the roaring stock market to an explosion in capex for AI—can keep driving ahead. Is the surge in prices, and big rise in bond yields it’s triggered, really…
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Harvard sold off its entire $87 million Ethereum stake just one quarter after buying it
Earlier this year, Harvard’s endowment fund shook up its crypto approach by reducing its Bitcoin ETF exposure, and adding Ethereum ETF shares. Only months later, however, the Ivy League school has refined that approach further as its latest disclosures show that Harvard has shaved its Bitcoin position further—and gotten rid of its Ethereum stake altogether.…
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Employers are quietly pausing 401(k) matches again. The last time this happened was the 2008 recession and Covid
Could the beloved 401(k) match be next on the benefits chopping block? That looks to be the case for at least one technology services and outsourcing firm. TTEC recently paused 401(k) matches for its US-based employees, Business Insider reported on May 8. The company, which is headquartered in Austin, has about 16,000 staff in the US. TTEC’s…
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NextEra’s $67 billion Dominion takeover creates the world’s largest utility—just in time to win the AI data-center power surge
NextEra Energy’s massive $67 billion deal to acquire Virginia-based Dominion, announced on May 18, will effectively build the world’s largest utility in a bid to dominate the AI data center boom. It’s a goal big enough that NextEra was willing to pay a hefty premium—and risk overpaying—to make it happen. On a call with analysts,…
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New York Fed warns about $69 trillion foreign investment ‘burden’ on U.S. economy
For decades, the U.S. enjoyed a peculiar privilege: It owed the world a fortune but somehow still collected more than it had to pay out. The country was effectively able to consistently run up a tab and still walk out ahead. That trick is now running out, according to economists at the Federal Reserve Bank…
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Ryanair’s CFO says the airline has plans for an ‘armageddon situation’ as the jet fuel crisis threatens weaker European airlines this winter
The chief financial officer of one of Europe’s most prolific low-cost airlines says the company has come up with a plan for a potential ‘armageddon situation’ triggered by high jet fuel prices as the Iran war drags on. Neil Sorahan, CFO of RyanAir, said persistently high jet fuel prices may cause some airlines that were…
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While Trump insisted the Iran war would end ‘soon,’ an account in his name was buying millions in oil, defense and gold
On the morning of Monday, March 23, President Trump pulled his first “TACO” of the Iran war. After four weeks of fighting, with oil prices already up 55%, Trump had given Iran an ultimatum on Friday: make a deal within 48 hours, or the U.S. would strike its power plants and energy infrastructure. But on…