Politics And The Markets 04/13/26
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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
Paycheck advance apps: the risks—and costs—can be high
This is reprinted by permission from . When Conner Smith saw an Instagram ad in early 2021 from the mobile app EarnIn offering to
China’s short-term money rates spike, markets expect more policy easing
SHANGHAI (Reuters) – China’s short-term money rates spiked on Tuesday, the last trading day of the month, driven up by higher seasonal demand for
Sam Altman warns AI could kill us all. But he still wants the world to use it
Sam Altman thinks the technology underpinning his company’s most famous product could bring about the end of human civilization. In May, OpenAI CEO Sam
DICK’S Sporting Goods Stock: Tackling Industry Challenges Amidst Alarming Retail Trends
Investment Thesis I believe DICK’S Sporting Goods (NYSE:DKS) is a hold because of the issues of inventory shrinkage and escalating costs the company is
Senate GOP split on whether to endorse House’s plan to pass Israel aid separately
In the latest indication that Republican senators are deeply divided over tying aid for Ukraine to Israel funding, Sen. Lindsey Graham said it would
Jury Strikes Blow to Real Estate Agent Commissions
Real estate agent-related stocks closed lower Tuesday after a jury struck a blow to the home-selling commission structure. Analysts say the case and others
Netcapital Shares Down 11%; Co. Plans Stock Sale
By Josh Beckerman Shares of Netcapital were down 11% Monday after it said in a securities filing that it will sell up to 11.1
Reserve Bank official warns of mounting global economic threats
The Reserve Bank of Australia’s Assistant Governor, Brad Jones, has highlighted growing global economic challenges in a recent speech delivered in Sydney. These threats
HSBC’s after-tax profit surges over 135% year-on-year, announces $3 billion share buyback
HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 135% compared to the $2.66 billion in the same
McDonald’s revenue climbs 14% as price hikes boost U.S. sales
McDonald’s on Monday reported quarterly earnings and revenue that beat analysts’ expectations as price hikes offset falling traffic to its U.S. restaurants. Despite higher
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