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Florida is seeing its first home insurance rate cuts in a decade, with State Farm filing for a 10% reduction and Citizens Insurance lowering rates for the first time since 2015. Meanwhile, California's insurance crisis deepens as major carriers abandon the state entirely.
SoFi Technologies reported record quarterly revenue of $1.013 billion, added one million members in a single quarter for the first time, and guided for 30% growth in 2026. The company Wall Street left for dead at $6.75 is now one of America's fastest-growing financial institutions.
General Mills is cutting prices on nearly two-thirds of its grocery products while PepsiCo slashed snack prices by up to 15%. The moves signal that America's consumer has reached a breaking point after years of food inflation.
The Office of Personnel Management's retirement processing backlog has surged to 54,000 claims, four times normal levels. Some federal retirees are waiting 6 to 9 months for their first pension check, with reports of foreclosures and lost healthcare.
The Fed's preferred inflation gauge showed core PCE rising 3.0% year-over-year in December, up from 2.8% in November, dashing hopes of a smooth glide path to 2%.
Private credit's true default rate approaches 5% when selective defaults are included, and JPMorgan's Jamie Dimon warns that 'when you find one cockroach, more are nearby.'
Costco's stock surged past $1,000 in 2026 as the warehouse retailer posted 8.2% revenue growth, 145.9 million cardholders, and an 89.7% membership renewal rate.
January CPI fell to 2.4%, the lowest since May 2025, but the Fed's preferred PCE gauge remains stuck near 3%. The divergence between the two measures explains why rate cuts have stalled and rate hikes are back on the table.
The CBO's February 2026 outlook projects a $1.9 trillion federal deficit, $7.4 trillion in spending, and debt reaching 120% of GDP by 2036, surpassing the World War II peak. What every investor needs to know.
Weekly pending home sales are posting year-over-year gains for the first time since 2022 as mortgage rates fall to 6.01% and inventory rises. With pent-up demand from years of gridlock, the spring 2026 housing market could be the most active since the pandemic boom.
Meta and Nvidia announced a multi-year, multi-generational AI infrastructure partnership worth tens of billions, deploying millions of GB300 chips across gigawatt-scale campuses.
Walmart beat Q4 FY2026 estimates with $0.74 EPS and 6% sales growth, but guided FY2027 EPS well below consensus at $2.75-$2.85. The cautious outlook signals a consumer under more stress than the data shows.