Top stories
Which States' Electricity Prices Rose Most in a Year? Hawaii's, by 22 Per Cent, While Connecticut's Fell 19 Per Cent
Archrock Will Pay Up to $450 Million for HiVolt, a West Texas Oilfield Power Supplier Whose Price Rests on Earnings Due in 2028
The Treasury Sold the Same $125 Billion of Notes and Bonds This Week as Last November, but the Coupons Will Cost $1.26 Billion a Year More
Oil Averaged $102 a Barrel in October. U.S. Oil and Gas Producers Employed 2,300 Fewer People Than in February, the Fewest Since 2022.
Helen of Troy Sold $2.2 Billion of Goods in Its 2022 Fiscal Year and $1.8 Billion Last Year. Spectrum Brands Says That Is Why $37 a Share Is Enough.
Texas and Louisiana Account for 46 Per Cent of This Year's $230 Billion Rise in U.S. Exports
How Washington Ran a $404 Billion Deficit in the First Month of Fiscal 2027: Customs Down $12 Billion, Defense and Medicare Up $51 Billion
Producer Prices Are Up 6.5 Per Cent in a Year, the Most Since 2022, Even as Raw Materials Fell 3.1 Per Cent in October
U.S. Airlines Had 37 Accidents in the First Ten Months of 2025, the Most Since at Least 2008. The Count for 2026 Is 20.
Jobless Benefit Rolls Are Back to Their 2019 Share of the Workforce, Even as the Unemployment Rate Sits at 4.1 Per Cent
42 Gigawatts of Gas-Power Orders Carried Siemens Energy to a Record Year, While Orders at Its Wind Business Fell 37 Per Cent
The Big Read
BusinessFriday's Nationwide Ground Stop Began With a Telecommunications Outage. The FAA's Own Estimate Puts Its Telecom Rebuild $1.16 Billion Short.
Congress gave the FAA $4.75 billion in July 2025 to replace the telecommunications under air traffic control. The agency's June 2026 estimate for that work is $5.91 billion, and half the copper lines it means to retire were still in service in May.
The Oakland Air Route Traffic Control Center in Fremont, California, one of the regional centres that handle high-altitude traffic, in March 2024. File photograph.
The Federal Aviation Administration stopped every departure from every airport in the United States at 3:54 p.m. Eastern time on Friday, 13 November 2026, and did not let them resume until 8:15 p.m. The agency blamed "a temporary telecommunications outage" affecting several of the regional centres that guide aircraft at cruising altitude, and said it acted out of an "abundance of caution," CNBC reported.
The halt lasted 4 hours and 21 minutes. The cause, on officials' accounts so far, was overloaded telecommunications equipment rather than a cyberattack, and the money Congress set aside to replace that equipment already falls $1.16 billion short of the FAA's own estimate of the cost, according to a Government Accountability Office audit published in September.
That second number did not come from Friday. It was in print 60 days earlier.
Business
Utz Shareholders Approved a $14.25-a-Share Sale on Friday. The Buyer's First Offer, in March, Was $11.
The merger proxy shows four written offers between March and April, starting at $11.00.
The Numbers
Installed Building Products Paid $698 Million for Old Dominion Group, 10.3 Times Its Earnings. It Set Aside Up to $180 Million More in Stock for 50 of the Seller's Staff.
The headline multiple is 9.3 times earnings after promised savings.
Weather
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Infrastructure Everybody Depends On Should Not Be Owned by a Competitor
Coverage Should Follow the Approval, Not the Advice
You Cannot Delegate the Thing You Have Never Done
Business
Western Union Says Its $500 Million Deal for Intermex Is Over. Intermex Says It Is Not, 457 Days After They Signed.
California was the last of 55 approvals.
The Tanker That Struck a New Orleans Riverboat Belongs to a Chinese State Shipbuilder's Subsidiary. A Paused U.S. Port Fee Would Charge It About $347,600 a Visit.
Ships owned by Chinese entities were meant to pay a U.S. fee on each visit from October 2025.
Savers Cashed In $1.2 Billion of I Bonds in October, the Most Since January 2025, Just Before the Fixed Rate Rose to 1.40 Per Cent
Anyone holding an I bond bought between May 2020 and October 2022 has a fixed rate of zero.
Americans Have Filed 13 Per Cent More Business Applications This Year. Filings From Firms Planning to Pay Wages Fell Everywhere but Oklahoma.
The headline series counts every new tax ID, from a payroll employer to a one-person side business.
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Free AI Isn't What It Used to Be: ISACC Institute's Founder, SerVanes Wilson Sr., on the Real Cost to Solopreneurs
Health Care
Dr. Richard Berry's Ohio Clinic Is Adding Two Doctors and Expanding Direct Primary Care to Employers
The Numbers
Florida Passed Its Property Tax Cut With 157,000 Votes to Spare. Wyoming and Oklahoma Said No, and Washington Kept Its Millionaires' Tax.
World
The Bank of England Raised Rates to 4 Per Cent, Its First Increase in 1,190 Days. Its Staff Expect Inflation Near 5 Per Cent by the Middle of Next Year.
The Numbers
CVS Will Split Its 9,000 Drugstores From Aetna and Caremark. A Third of the Stores' Revenue Last Year Came From the Rest of CVS.
Editor's Choice
Carilyn Marrero of CM Freedom Finance Earned More for Five Years and Stayed in Debt. Her Holiday Advice Starts With Habits, Not the Paycheck.
Carilyn Marrero spent five years earning more without getting ahead.
Latest News
Everything we have published, newest firstHow Mercer International Plans to Cut Its Debt From $1.64 Billion to About $700 Million in 52 Days of Chapter 11
Mercer International, the pulp and lumber maker with mills in Germany, Canada and the United States, filed a prepackaged Chapter 11 case in Houston on 9 November 2026. Its plan swaps about $1.1 billion of bonds for shares and cuts funded debt from about $1.64 billion to about $700 million. Holders of about 88 per cent of its notes support it, and it aims to emerge by 31 December.
Rebuilding the Annual Inflation Rate Washington Could Not Publish for October Puts It at About 4 Per Cent, the Highest Since May
U.S. consumer prices rose 0.4 per cent in October and core prices 0.3 per cent, seasonally adjusted, the Bureau of Labor Statistics said on 10 November. It published no 12-month rate because it never collected October 2025 prices. Using the bureau's own approximation method, we estimate the annual rate at about 4.0 per cent.
Business
McKesson Is Paying $1.4 Billion for Half of Option Care. The Deal Sets Up a Framework for It to Buy the Rest.
Clayton Dubilier & Rice and McKesson agreed on Monday to take Option Care Health, the largest independent home infusion company in the United States, private for $32.05 a share. McKesson is putting in about $1.4 billion for 49 per cent, and the agreement sets out a framework for it to buy the private equity firm's majority later. Lenders have committed more money to the deal than the two buyers have.
Waterous Energy Fund Is on Both Sides of Strathcona's C$2.9 Billion Deal for Greenfire, 119 Days After Greenfire Agreed to Buy Connacher
Greenfire agreed in July to buy Connacher Oil and Gas, a deal that more than doubled its output. We priced that deal, this one and Cenovus's purchase of Athabasca Oil per flowing barrel, and worked out what Waterous Energy Fund ends up owning.
What Households Expect for the Next Year: Pay Up 2.6 Per Cent, Prices Up 3.9 Per Cent, the Widest Gap Since April 2023
The survey came out three days after a jobs report showing unemployment falling to 4.1 per cent. We set expected pay against expected prices across 13 years of the survey's data, and split the results by income and education.
Business
LS Power Will Pay About $816 a Kilowatt for Six NRG Gas Plants. In March It Agreed to Pay Constellation About $1,140.
NRG Energy agreed on Monday to sell six gas-fired power plants with 4.9 gigawatts of capacity to an affiliate of LS Power for $4 billion in cash. NRG will use the money for share buybacks and to cut debt. The deal needs federal antitrust, FERC and New York regulatory approval and is expected to close in the second quarter of 2027.
Californians Voted 60 Per Cent to Keep Taxing Top Earners and 53 Per Cent Against Taxing Billionaires' Wealth
California voters rejected Proposition 40, a one-time 5 per cent tax on billionaires' net worth, the Associated Press projected on Monday evening. With about 83 per cent of the expected vote counted, it trailed by 621,399 votes. On the same ballot, Proposition 3, which makes the state's higher income tax rates on top earners permanent, passed with 60.5 per cent.
The quarterly pace is the fastest the Fed's current release shows.
Business
Berkshire Hathaway Spent About $9.6 Billion on Its Own Shares Last Quarter, Four Times What It Put Into Other Companies' Stocks
Berkshire Hathaway repurchased about $9.6 billion of its stock in the third quarter, according to its quarterly report dated 7 November. Net earnings fell to $22.1 billion from $30.8 billion, and its cash and Treasury bills, net of unsettled purchases, fell to $352.3 billion.
What We’re Following
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Dasia Bobbs Built a Credit Repair Business. Her Biggest Lesson Is That a Cleaner Report Is Not a Safety Net.
Democrats Win Control of the House and Senate, Ending Unified Republican Government. For Business, the First Test Is the 11 December Funding Deadline.
Anatoly Zadorozhnyy of Marketing 1on1 Says Small Businesses Can Still Be Found When Search Turns Into AI Answers
A Jacksonville Doctor Charges $135 a Month, Makes House Calls and Answers His Phone. More Patients Want That Deal.
U.S. Payrolls Rose 165,000 in October. Outside Health Care, Employers Have Added 366,000 Jobs in a Year, the Most Since January 2025.
U.S. employers added 165,000 jobs in October and the unemployment rate fell to 4.1 per cent, the Bureau of Labor Statistics said on Friday. August and September were revised up by a combined 84,000. More than a quarter of the unemployed have now been looking for at least 27 weeks.
How an Aged Company Can Help a New Business Reach Bank Credit Sooner, and How to Do It the Right Way
Funding specialist Michael Praver says shelf corporations are one path to bank capital for qualified owners. The strategy works best when it is done transparently.
Opinion Voices
Argument and analysis from our columnists
Featured Voices
The reporters and editors behind the coverage
Cory Chamberlain
Senior Writer
AI Researchers Moved Their Date for Human-Level Machines 13 Years in One Survey. Nova Reach Founder Rishabh Singh Has Stopped Picking a Year.
JPMorgan Reports Tuesday After a Quarter With $5.6 Billion of One-Off Gains. Analysts Expect Revenue of About $51 Billion.
Devon Is Selling 4 Per Cent of Its Production for $4.2 Billion. The Buyer Has Now Made 10 Eagle Ford Deals Since 2023.
Alison Acosta
Technology desk (house byline)
Friday's Nationwide Ground Stop Began With a Telecommunications Outage. The FAA's Own Estimate Puts Its Telecom Rebuild $1.16 Billion Short.
Which States' Electricity Prices Rose Most in a Year? Hawaii's, by 22 Per Cent, While Connecticut's Fell 19 Per Cent
Archrock Will Pay Up to $450 Million for HiVolt, a West Texas Oilfield Power Supplier Whose Price Rests on Earnings Due in 2028
Daniel Okafor
Markets desk (house byline)
Utz Shareholders Approved a $14.25-a-Share Sale on Friday. The Buyer's First Offer, in March, Was $11.
Western Union Says Its $500 Million Deal for Intermex Is Over. Intermex Says It Is Not, 457 Days After They Signed.
Savers Cashed In $1.2 Billion of I Bonds in October, the Most Since January 2025, Just Before the Fixed Rate Rose to 1.40 Per Cent
Margaret Holloway
Leadership desk (house byline)
Installed Building Products Paid $698 Million for Old Dominion Group, 10.3 Times Its Earnings. It Set Aside Up to $180 Million More in Stock for 50 of the Seller's Staff.
Americans Have Filed 13 Per Cent More Business Applications This Year. Filings From Firms Planning to Pay Wages Fell Everywhere but Oklahoma.
Helen of Troy Sold $2.2 Billion of Goods in Its 2022 Fiscal Year and $1.8 Billion Last Year. Spectrum Brands Says That Is Why $37 a Share Is Enough.
Thomas Gutierrez
Media and Culture desk (house byline)
The Tanker That Struck a New Orleans Riverboat Belongs to a Chinese State Shipbuilder's Subsidiary. A Paused U.S. Port Fee Would Charge It About $347,600 a Visit.
Oil Averaged $102 a Barrel in October. U.S. Oil and Gas Producers Employed 2,300 Fewer People Than in February, the Fewest Since 2022.
U.S. Airlines Had 37 Accidents in the First Ten Months of 2025, the Most Since at Least 2008. The Count for 2026 Is 20.
The Story So Far
Your Money4 stories
- 13 Nov Savers Cashed In $1.2 Billion of I Bonds in October, the Most Since January 2025, Just Before the Fixed Rate Rose to 1.40 Per Cent
- 14 Aug Alternative Assets Creep Into Retirement Menus
- 13 Aug Small Businesses Discover Treasury Management
- 13 Aug The Health Savings Account Becomes a Retirement Vehicle
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Editors’ Picks
America Imported a Record $421 Billion in August. Without Computers, Chips and Telecom Gear, Imports Are Down This Year.
Schneider Is Paying a 42% Premium for PTC. The Price Is Still Below Where PTC Traded a Year Ago.
Customs Took In $333 Billion in Fiscal 2026. Refunds Sent About $147 Billion Back Out.
The Cranberry Brief