Topic
Markets and money, translated from Wall Street into English. Recent gists below.
The gist: The Federal Reserve kept its benchmark rate at 3.75% to 4% despite inflation staying above its 2% goal, leaving open the possibility of another hike in December.
CBS MoneyWatch · October 29, 2026 · Read in that day's issue →
The gist: Alphabet’s cloud revenue doubled, but investors fear AI could weaken the company’s search business, putting its stock at risk of one of its worst drops in years.
MarketWatch · October 29, 2026 · Read in that day's issue →
The gist: The FTC and 20 states are suing Dollar General, alleging shoppers were charged more than advertised prices at thousands of stores.
CNBC · October 29, 2026 · Read in that day's issue →
The gist: Tesla and SpaceX are exploring a merger that could create a $3.7 trillion company and give Elon Musk even more control.
NPR Business · October 23, 2026 · Read in that day's issue →
The gist: Soaring jet fuel costs are driving higher airfares and fewer flights as airlines focus on protecting profits.
Axios · October 23, 2026 · Read in that day's issue →
The gist: U.S. childcare is taking an increasingly large bite out of family budgets, with nearly 8% of families paying over $2,000 a month as costs rose faster than rent in September.
CBS MoneyWatch · October 23, 2026 · Read in that day's issue →
The gist: A New Mexico judge ordered Meta to pay $25 billion after finding Facebook misled users about privacy and data access.
Axios · October 22, 2026 · Read in that day's issue →
The gist: SpaceX and Tesla are exploring a possible merger through special committees, but the deal would still need approval from 50% of Tesla shareholders.
Axios · October 22, 2026 · Read in that day's issue →
The gist: Oil exports from the Persian Gulf have nearly returned to prewar levels, but fragile recovery means prices may stay high.
MarketWatch · October 22, 2026 · Read in that day's issue →
The gist: The FAA has approved Boeing’s 737 Max 10 after years of delays, clearing the way for deliveries of the largest Max model that can carry up to 230 people.
CNBC · October 21, 2026 · Read in that day's issue →
The gist: Housing is being squeezed from both sides: builders face costlier money and scarce workers and materials, while buyers face 7.4% mortgage rates, pushing homebuilder sentiment to a 14-year low.
Axios · October 21, 2026 · Read in that day's issue →
The gist: The U.S. budget deficit is reaching $2 trillion as debt interest costs climb to $1.052 trillion, putting more pressure on the federal budget.
Axios · October 21, 2026 · Read in that day's issue →
The gist: California’s proposed 5% one-time billionaire wealth tax could raise far less than expected because wealthy residents have already left, potentially costing the state more in future income taxes.
CBS MoneyWatch · October 20, 2026 · Read in that day's issue →
The gist: Riskiest junk bonds are sending an unusual warning, while other parts of the credit market tell a different story.
MarketWatch · October 20, 2026 · Read in that day's issue →
The gist: JPMorgan Chase has invested $5 billion in startups in its first year of a security initiative focused on defense, manufacturing and stronger supply chains.
CNBC · October 20, 2026 · Read in that day's issue →
The gist: Stocks face a high-stakes test as strong company earnings meet rising borrowing costs, which can also pressure AI-related shares.
MarketWatch · October 19, 2026 · Read in that day's issue →
The gist: California voters will decide whether to impose a one-time 5% tax on billionaires’ net worth to raise an estimated $100 billion for healthcare over five years.
CBS MoneyWatch · October 19, 2026 · Read in that day's issue →
The gist: High fuel and housing costs, along with wages lagging behind inflation, are weighing on voters as the 2026 midterm elections approach.
CBS MoneyWatch · October 19, 2026 · Read in that day's issue →
The gist: U.S. inflation rose more than economists expected in September, driven in part by soaring energy prices.
CBS MoneyWatch · October 16, 2026 · Read in that day's issue →
The gist: Anthropic says cash-flow positive results and revenue up nearly 50% to $16.8 billion show that frontier AI could become a sustainable business.
Axios · October 16, 2026 · Read in that day's issue →
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