Money News Network

Home
United States
Santa Clara, CA
Money News Network

Directions Website

The #1 business and finance podcast network. We’ve got all your money news minus the jargon.

10/20/2026

Wall Street fell for the angels all over again.

When Victoria’s Secret brought back its fashion show in October 2024, it went all in: the wings, the celebrity cameos and a full push to make the brand feel iconic again.

The market bought it. Shares of Victoria’s Secret & Co. ($VSCO) were trading around $26 before the show. By October 16, 2026, they hit $87.34, up roughly 235%.

📸 Getty Images

10/18/2026

Covering the essentials is getting harder for a lot of Americans.

According to a new Pew Research Center survey, 44% of adults in the U.S. say they have a hard time paying for basics like groceries, rent and health care. That number climbs to 71% among lower-income Americans, who report difficulty affording at least one of those necessities.

Rising gas prices are part of the picture. AAA data shows a gallon of regular cost around $4.33 on average this Wednesday, compared with $3.08 at this point last year.

📸 Canva Stock

10/17/2026

Rough stretch for anyone betting on AI.

Stocks slid again on Friday, closing out a down week as nerves around AI kept rattling investors. The Nasdaq took the biggest hit, dropping close to 4.5% since Monday, while the Russell 2000 lost 3% and the S&P 500 slipped 2%. Concerns about how much AI companies are borrowing, plus climbing oil prices, pushed the VIX, Wall Street’s fear gauge, up 30% on the week to its highest point since June.

The early warning sign came from Coreweave. Earlier in the week, reports that the neocloud provider’s debt had reached $51 billion set off a selloff that quickly spread across the AI trade. Coreweave ended the week down almost 25%, pulling other AI infrastructure stocks down with it.

📸 Getty Images / Mario Tama

10/17/2026

The future is today.

📸 ig by betterwavefinance

10/15/2026

Getty Images, the agency behind millions of the world’s most recognizable photos, plans to file for Chapter 11 bankruptcy and go private through a deal with Charles Koch’s investment firm.

The Getty family and Koch Equity Development are putting in up to $533 million in new equity and will own 100% of the company when it comes out of bankruptcy. That means current public shareholders lose their stake entirely.

How did it get here? As of June, Getty had $2.1 billion in debt and just $51.6 million in cash. Annual subscribers dropped from 321,000 to 241,000 in a single year as AI-generated images put pressure on the stock photo business. A $3.7 billion merger with Shutterstock that could have helped fell apart after UK regulators stepped in. And since going public in 2022 at a $4.8 billion valuation, the stock has lost about 99% of its value.

The company says it will keep operating as usual during the process and expects to wrap up the restructuring by the end of the year.

📸 Getty. M. Scott Brauer/Bloomberg News

10/14/2026

Halloween candy just got a lot scarier. A bag of candy now costs 71% more than it did in 2021, according to a new FinanceBuzz study that tracked full-price bags at Walmart, Target, Kroger and Albertsons over the past five years.

And prices are still climbing. Candy and gum costs rose 8.1% in August compared to a year earlier, per the Bureau of Labor Statistics. That’s more than double the 3.4% increase in overall consumer prices.

Chocolate is taking the biggest hit, with Halloween chocolate up 15.5% to an average of $5.67 a package, according to PwC.

Still, Americans aren’t skipping the candy aisle. The National Retail Federation expects shoppers to spend $4.1 billion this season.

Are you still handing out the full-size bars, or is the porch light going off this year?

📸 Canva Stock

10/13/2026

Think you’re diversified because you own an S&P 500 index fund? Look closer.

For every dollar you put into the S&P 500, about 41 cents goes to just 10 companies. Nvidia gets 8 cents, Apple gets 7, Microsoft and Alphabet get 6 each, and Amazon gets 4. Broadcom, Meta, Tesla, Micron and AMD split another 10 cents.

The other 493 companies in the index? They share what’s left, 59 cents.

That means your “diversified” fund is riding heavily on a handful of tech giants. When Big Tech has a great year, you feel it. When Big Tech has a rough year, you feel that too.

📸 Getty Images

10/13/2026

If you’re still “waiting for prices to drop” on your holiday flight, this one’s for you.

According to Hopper’s 2026 Holiday Travel Index, a domestic round-trip for Thanksgiving is averaging $402, up 31% from last year. Christmas flights are averaging $452, up 23%. That puts holiday airfare on track for its highest levels in a decade.

Months of elevated jet fuel costs are part of the reason, and travelers are already booking earlier than in previous years, which means the cheap seats are going fast.

📸 Canva Stock

10/11/2026

The average job search in the U.S. now takes about five to six months.

Tech layoffs, AI taking over some roles, and a flood of “ghost” listings for jobs that don’t actually exist are all stretching the process out. A lot of people are sending application after application for months before anything lands.

And it might not ease up soon. Traders on Polymarket are putting the odds that tech layoffs keep rising this year at 91%.

If you’re job hunting right now, plan your savings for a longer runway than you think you’ll need.

📸 Canva Stock

10/10/2026

Elon Musk is a trillionaire again. Forbes now puts his net worth at roughly $1.04 trillion.

The latest boost came from a surge in SpaceX shares, which added tens of billions of dollars to his fortune in just one day.

Most of his wealth sits in his stakes in SpaceX and Tesla, so when either company’s valuation swings, his net worth can jump or drop by billions almost overnight.

📸 Getty Images

Address

4900 Marie P DeBartolo Way
Santa Clara, CA
95054

Website

https://moneynewsnetwork.com/

Alerts

Be the first to know and let us send you an email when Money News Network posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.