President Donald Trump’s call for a 10% cap on credit card interest rates could impact access to credit cards for many American consumers while also impacting small businesses. Trump on Friday declared he wants to impose a 10% cap on credit card interest rates to be implemented for one year starting on…
Inflation rose at a steady pace in December and remained persistently above the Federal Reserve’s target rate as policymakers consider the case for interest rate cuts amid economic uncertainty. The Bureau of Labor Statistics said on Tuesday that the consumer price index (CPI) – a broad measure of how much everyday…
A group of former Federal Reserve chairs and Treasury secretaries released a joint statement defending Fed Chair Jerome Powell after he revealed the Trump administration’s Justice Department is threatening to criminally indict him over his testimony about the Fed’s renovations. The group includes former Fed Chairs Ben Bernanke, Allen Greenspan and…
The Labor Department is set to release the December consumer price index (CPI) on Tuesday, which is expected to show inflation remaining elevated above the Federal Reserve’s 2% target as data collection disruptions from the government shutdown linger. The consensus forecast compiled by FactSet estimates that headline inflation rose 0.3% on…
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An estimated 6.5 million Americans will retire in 2026. Are you one of them? If so, you’ve likely already begun…
Hilton Hotels announced on Tuesday that it was ending its relationship with an independently owned Minneapolis-area hotel after a newly…
AT&T is planning to build a new corporate headquarters outside downtown Dallas in the suburban city of Plano, the company…
Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run. The 95-year-old officially…
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The IRS on Thursday announced the start date for the 2026 tax filing season later this month, when taxpayers will be able to start filing their returns for the past year. Taxpayers may begin filing their 2025 tax returns on Monday, Jan. 26, the IRS announced. That…
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Texas and Florida once again lead the list of U.S. states that the most people are moving to, according to an analysis by U-Haul. The moving company, which reviewed more than 2.5 million one-way transactions across the U.S. and Canada for its 2025 “Growth Index,” said Texas tops the ranks…
The audacious U.S. special forces raid to capture Venezuelan leader Nicolás Maduro and bring him to the U.S. to face charges related to drugs and weapons trafficking could potentially lead to economic relief for average Venezuelans struggling under the regime’s socialist economic policies. Venezuela’s economy is heavily reliant on oil exports…
Hilton Hotels said it is investigating an independently owned Minneapolis-area property after the Department of Homeland Security (DHS) alleged law enforcement officers were refused service, a dispute that has renewed scrutiny of the company’s long-standing opposition to immigration-related activity at its hotels. Emails shared on social media by DHS and…
The U.S. military operation to apprehend and remove Venezuelan leader Nicolás Maduro from power could put pressure on Cuba’s economy as the communist country reels from the loss of a key economic and security partner. Maduro was captured alongside his wife over the weekend after President Donald Trump ordered the operation…
The toppling of Nicolas Maduro has thrust Venezuela’s debt crisis – one of the world’s largest unresolved sovereign defaults – into the limelight. Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in late 2017 after missing payments on international bonds…
Geopolitical uncertainty combined with the loss of Venezuelan exports could push oil and gasoline prices slightly higher in the weeks ahead, according to an industry expert. Still, prices at the pump would remain at their lowest levels since the COVID-19 pandemic. Andy Lipow, president of Lipow Oil Associates, projected that…
Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed everywhere they have been tried. Ackman, who is not a California resident, took to X earlier this week to criticize the proposal which, if approved…
Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms chased the run-up. The precious metal, which sat at $2,606 last December, rallied over 66% in 2025, hitting a series of new highs, settling around the $4,325 level at year-end.…
The U.S. is showing signs of a “K-shaped” economy with spending among lower-income consumers showing little growth in comparison to their higher-income counterparts, a new analysis from the Bank of America Institute shows. Internal data detailed in the report showed that in November the three-month average of total card spending reflected…
A federal judge ruled Tuesday that the Trump administration is legally required to secure funding for the U.S. Consumer Financial Protection Bureau (CFPB), and that failing to do so would violate a prior court order barring the government from dismantling or shutting down the agency. In the 32-page ruling, U.S.…




































