News
Trump pushes a 1-year, 10% cap on credit card interest rates and banks balk
9+ hour ago (683+ words) By Ken Sweet and Seung Min Kim | Associated Press NEW YORK " Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew…...
Appelbaum: Barring investors won’t fix the housing crisis
18+ hour, 20+ min ago (398+ words) President Donald Trump relishes a handy scapegoat and, on Wednesday, he picked one to blame for the nation's housing crisis: investors that are buying large numbers of single-family homes and operating them as rental properties. Trump wrote on Truth Social…...
President Trump's bid to ban corporate homebuying blindsides Wall Street
2+ day, 11+ hour ago (756+ words) By Patrick Clark, Bloomberg The time of the corporate landlord as America's housing villain was supposed to be over. Money managers like Blackstone Inc. and Pretium who binged on single-family rentals in the wake of the financial crisis took blow…...
U.S. housing won’t crash because it’s getting a bailout
5+ day, 19+ hour ago (626+ words) The bailouts are coming! The bailouts are coming! Yes, housing's "no crash" crowd may be right about home pricing avoiding another steep tumble. Those gurus coudl be proven correct because of my can't-miss prediction for the 2026 housing market. The federal…...
Here’s how the US economy fared under Trump in 2025
1+ week, 3+ day ago (900+ words) (Bloomberg/Matthew Boesler and Ben Holland) " President Donald Trump rode a wave of voter frustration about the economy to a second term in the White House, promising lower prices and a "golden age" for the nation. How is his administration…...
Gold is set for its best year since Jimmy Carter was president
2+ week, 2+ day ago (724+ words) New York (CNN) " Gold is having its best year since 1979. Gold futures traded in New York have soared almost 71% this year, on pace for their best annual gain in 46 years. The last time gold had such a strong year, Jimmy…...
Consumer confidence slides in December to lowest level since US tariffs rolled out
2+ week, 4+ day ago (307+ words) By MATT OTT | Associated Press The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November's upwardly revised reading of 92.9. In April, when Trump rolled out his import taxes on U.S. trading partners, the reading…...
US economy expands at a surprisingly strong 4.3% annual rate in the third quarter
2+ week, 4+ day ago (389+ words) By MATT OTT | Associated Press U.S. gross domestic product from July through September " the economy's total output of goods and services " rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Tuesday in a report delayed by the…...
Jill On Money: Young grads feel the squeeze
2+ week, 5+ day ago (608+ words) With the Federal Reserve's'quarter-point interest rate cut'behind us, it's time to focus on the labor market. The Bureau of Labor Statistics (BLS)'released'a partial jobs report for October and a full one for November. The results were mostly expected: 105,000 jobs…...
Schrager: Affordability isn’t a hoax. It’s not a crisis for most, either.
3+ week, 2+ day ago (630+ words) When someone tells you that they are struggling, it is generally a good rule of thumb to take them seriously. So it was not the best political move for President Donald Trump to call the affordability issue a "hoax." Too…...