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
Old American Brand Names Rally: Abercrombie, Hilton, Motorola, Sunoco
While some of the best-known Nasdaq-100 tech and social media stocks struggle to make higher highs — Apple AAPL , Alphabet, Microsoft MSFT and
WeWork, once valued at $47 billion, files for bankruptcy
Office-sharing company WeWork filed for Chapter 11 bankruptcy protection in New Jersey federal court Monday, saying that it had entered into agreements with the
Striking actors say they have responded to Hollywood and TV studios’ ‘best and final offer’
SAG-AFTRA said it has responded to Hollywood studios’ “last, best & final offer” on Monday as pressure ramps up to reach a deal ending
We’re Seeing A Massive Short Squeeze In Both Stocks And Bonds
The surreal correlation between Treasury rates and stock index futures, that had been intensifying in September and October, played its role – in a
5 Republicans qualify for third 2024 presidential debate
The Republican National Committee announced Monday that five presidential candidates have met the criteria to participate in Wednesday’s third primary debate in Miami. They
Why stocks may not live up to your retirement expectations
“You will lag the long-term average if your investment horizon misses the market’s few stellar years.” Financial planners are on shaky ground when extrapolating
Australia’s Westpac grows FY profit as mortgage income shrinks
By Byron Kaye and Roushni Nair (Reuters) -Australian No. 2 lender Westpac, said on Monday that annual profit jumped by a quarter as a
China’s biggest shopping festival is set for a tepid 2023, survey finds
BEIJING — Most consumers in China are planning to keep a lid on spending during this year’s Singles Day shopping festival, which ends Nov.
Cruise confirms robotaxis rely on human assistance every four to five miles
Cruise CEO and founder Kyle Vogt posted comments on Hacker News on Sunday responding to allegations that his company’s robotaxis aren’t really self-driving, but
Lawsuits are shaking the NAR’s grip on America’s real estate fees
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. It’s
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