Financial

Investigative reporting on corporate accounting patterns, economic divergences, and the stories hidden in financial disclosures.

FinancialFebruary 15, 2026·12 min read

The Ten-Cent Trap

For more than two years, America's smaller banks have been losing nearly a dime on every dollar of credit-card debt — a crisis invisible in the single statistic driving Washington's rate-cap fight.

FinancialFebruary 15, 2026·18 min read

The Civilian Squeeze

Five federal contractors posted more than $600 million in combined revenue declines in the fall quarter and surrounding months, as a record shutdown, contract cancellations, and an efficiency campaign collided. Only one dared put a name on the cause.

FinancialFebruary 15, 2026·14 min read

The Write-Down

Four companies that sell human labor just erased $1.76 billion from their balance sheets — and the job market saw it coming for three years.