President Donald Trump on Wednesday urged U.S. lawmakers to pass legislation to limit credit card rates to 10%, following his social media post this month ordering banks to voluntarily lower their rates. “I’m asking Congress to cap credit card interest rates at 10% for one year, and this will help millions of Americans save for…
An “Open House” sign outside a home in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026. Zak Bennett | Bloomberg | Getty Images Stagnant mortgage rates, falling housing supply and ongoing economic uncertainty weighed heavily on homebuyers in December. Pending home sales, a measure of signed contracts on existing homes, dropped 9.3% last…
Jamie Dimon, CEO of JPMorgan Chase, speaks at the American Business Forum at the Kaseya Center in Miami on Nov. 6, 2025. Chandan Khanna | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump‘s proposed 10% cap on credit card interest rates in two U.S….
CHONGQING, CHINA – JANUARY 16: An elderly man walks along a street with high-rise residential buildings under construction in the background, where tower cranes and overhead power lines are visible on January 16, 2026, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images China’s sharp investment downturn is amplifying credit risks across…
A giant screen shows a news report on China’s “Justice Mission 2025” military drills around Taiwan, in Beijing, China Dec. 30, 2025. Tingshu Wang | Reuters China has doubled down on its criticism of the trade deal between Taiwan and the U.S. agreed last week, warning that it would benefit Washington, while eroding the island’s…
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Bloomberg | Bloomberg | Getty Images The U.K. inflation rate rose to 3.4% in December, above forecasts of 3.3% from economists polled…
A United Airlines airplane undergoes service at the George Bush Intercontinental Airport on Nov. 6, 2025 in Houston, Texas. Brandon Bell | Getty Images United Airlines on Tuesday said it could generate record earnings this year thanks to strong travel demand, with sales of premium seats, business travel and no-frills tickets robust in recent weeks….
US President Donald Trump arrives for an announcement in the Roosevelt Room of the White House in Washington, DC, US, on Friday, Dec. 19, 2025. Will Oliver | Bloomberg | Getty Images Drug pricing. Looming patent cliffs. Dealmaking. The first year of Trump 2.0. Those are among the themes that dominated conversations last week as drugmakers…
Halfpoint Images | Moment | Getty Images Student loan borrowers in default got a reprieve last week: The Trump administration said Friday it would postpone forced collections, for now. The pause is an about-face for the U.S. Department of Education, which had announced in late December that it would start seizing defaulted borrowers’ paychecks as…
Sopa Images | Lightrocket | Getty Images Netflix will report its fourth-quarter earnings after the bell on Tuesday, with questions surrounding its pending acquisition of Warner Bros. Discovery’s assets top of mind for investors. In recent years Netflix’s quarterly reports have been mostly steady — with the exception of a miss on earnings estimates last…