Politics And The Markets 04/12/26
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Money & Business
Credit card interest rate cap could reduce access for over 100 million Americans, analysis finds
A new analysis finds that a 10% credit card interest rate cap would
Federal court terminates Biden-era student loan plan affecting millions nationwide
A federal appeals court on Monday officially finalized the termination of the
Loeffler targets $50B SBA program that has ‘never been looked at,’ bans 112K-plus COVID loan fraudsters
Small Business Administrator (SBA) Kelly Loeffler unveiled a sweeping fraud crackdown on
American Express to build 55-floor tower at World Trade Center site
American Express has announced plans for the construction of a 55-floor building
Costco quietly boosts gas rewards for branded credit card holders to 5% cash back
Costco has discreetly increased gas rewards for holders of its branded credit
Klarna CEO calls credit cards interest rates an ‘extraction machine,’ backs Trump’s proposed 10% rate cap
Klarna CEO Sebastian Siemiatkowski expressed support for President Donald Trump’s push to
Bilt unveils 3 new credit cards with enhanced housing rewards, 10% intro APR
Bilt, a membership program centered on rewarding consumers for everyday spending, is
Trump administration to delay wage garnishment from student loan borrowers in default
The Department of Education on Friday announced a delay in its plans
Latest
Dow sheds 220 points, S&P 500 snaps win streak after Fed’s Powell says higher rates may be needed
U.S. stocks closed near the session’s low Thursday, after a poor Treasury debt auction and after Federal Reserve Chair Jerome Powell warned higher interest
Oil prices post back-to-back losses, settle at lowest since mid-July
Oil futures declined Wednesday, tallying back-to-back session losses with prices settling at their lowest since mid-July on worries over the outlook for demand and
Veterans Day 2023: Are banks closed on Friday? Does mail run?
There are plenty of closures to be aware of this Veterans Day. But when is the holiday being observed, exactly? It’s a question spurring
Standard deductions for 2024 taxes will jump 5.4% due to inflation, IRS numbers show
The standard deduction is a major way most Americans reduce their taxable income each year — and with inflation’s burn, the deduction’s amount will
BofA CEO Moynihan says US economy headed for soft landing
By Lananh Nguyen, Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Bank of America CEO Brian Moynihan said on Wednesday he expects a soft
As Government Shutdown Deadline Nears, Here Are The Likely Outcomes
The will U.S. will see a government shutdown without a full budget or continuing resolution by November 17. Most expect a continuing resolution to
How To Build An Investment Portfolio For Retirement
When is the best time to start investing for retirement? Right now. As a rule of thumb, you need to amass about 10 times
Stocks making the biggest moves after hours: Wynn Resorts, Illumina, Unity Software, The Trade Desk and more
Check out the companies making headlines in extended trading. Wynn Resorts — Shares fell 6% following the casino operator’s third-quarter earnings. Wynn managed to
Vince McMahon plans to sell a big chunk of his shares in WWE parent TKO
Vince McMahon plans to sell a substantial chunk of his stake in TKO, the parent company of WWE, the wrestling empire founded by his
A milk carton shortage has schools scrambling. Here’s what’s going on
Julia Galliker learned out of the blue that there was a problem with milk carton supplies. The milk that goes in the cartons was
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