Politics And The Markets 04/14/26
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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
Wells Fargo Warns of Severance Costs Up to $1 Billion as Banks Tackle Efficiency
Efficiency appears to be the motto for big banks as they wrap up 2023. It has been a challenging year for the sector as
Want to Make Your 401(k) More Like a Pension? Buy an Annuity.
Over the past 40 years, 401(k)s have supplanted pensions. Now some asset managers are trying to make these retirement savings plans act more like
Inflation in the U.S. tamped down by falling cost of imports
The numbers: The cost of imported goods fell 0.8% in October and reversed some of the increase in the prior two months as oil prices
One economist’s theory on why consumers are still so grumpy: They’re stuck in the past.
U.S. consumers can’t seem to shake the feeling that their dollars don’t go as far as they used to. Wages are outpacing inflation. The
RBI raises risk weights on consumer credit, making loans more expensive
MUMBAI – The Reserve Bank of India (RBI) has announced an increase in risk weights for consumer credit, including personal loans and credit card
Here’s how high interest rates can help build your savings
Middle-income Americans could be missing out on a chance to offset high inflation and rising costs by earning more on savings in the current
Stocks making the biggest moves midday: Paramount, Lululemon, RH, HashiCorp and more
Check out the companies making headlines in midday trading. Carrier Global — Shares jumped 4.6% after Carrier agreed to sell its Global Access Solutions
The runway is getting clearer, but the U.S. economy still isn’t assured of a soft landing
November’s solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the
David Rubenstein is in talks to buy MLB’s Baltimore Orioles
Billionaire investor David Rubenstein is in discussions to potentially acquire Major League Baseball’s Baltimore Orioles, a person familiar with the matter told CNN. Rubenstein,
Mister Car Wash: Strong Performance, Potential For Growth (NYSE:MCW)
Investment action I recommended a buy rating for Mister Car Wash’s (NYSE:MCW) when I wrote about it the last time, as the business continued
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