News
Trump says he’s suing Chase over allegedly debanking him over Jan. 6
2+ hour, 10+ min ago (566+ words) President Donald Trump says he's suing JPMorgan Chase in the coming weeks. The announcement came amid criticism of a Wall St. Journal article saying the president offered Chase CEO Jamie Dimon the job as Fed chairman. Dimon has recently denied…...
Trump reiterates desire to cap credit card interest rates at 10%
5+ day, 9+ hour ago (1762+ words) President Donald Trump is pressing ahead with his campaign pledge to cap credit card interest rates at 10%. It remains unclear whether the cap would be pursued through executive action or legislation in Congress. President Donald Trump is renewing his push…...
Social Security delayed for millions due to backlogs: Report
2+ week, 1+ day ago (311+ words) This story is a Media Miss by the right as only 14% is from right-leaning media. On Tuesday, The Washington Post reported the Social Security Administration is "in turmoil." The Post reported there are about 6 million pending cases and 12 million transactions…...
Electricity prices set for another jump in 2026
2+ week, 5+ day ago (607+ words) Electricity prices are expected to keep rising to start 2026. The U.S. Energy Information Administration expects bills to rise by more than 4% after jumping by nearly 5% this past year. Higher natural gas costs and inclement weather are among the reasons for the…...
Holiday shopping rises despite economic headwinds
3+ week, 4+ day ago (613+ words) Holiday spending is up 4.2% year over year, according to Visa. Most shoppers are still buying in person, though online sales are growing faster. The spending bump comes as new data shows the U.S. economy grew faster than expected in the third…...
What the holiday crafting market says about the US economy
4+ week, 1+ day ago (1148+ words) Supply chain disruptions have affected crafters and artisans this year, with tariffs, the war in Ukraine and business closures impacting the availability and cost of essential materials. Consumer interest in handmade gifts and supporting small businesses remains strong: 60% of Americans…...
Fed cuts rates again, but high home prices keep buyers on the sidelines
2+ mon, 2+ week ago (690+ words) The Federal Reserve cut interest rates to 3.75%-4%, slightly lowering mortgage costs, but high home prices and limited inventory continue to limit affordability. Buyers remain hesitant, and many homeowners with low existing rates feel "trapped" by higher current rates. In some…...
Fed cuts interest rate while being cut off from key government data
2+ mon, 2+ week ago (731+ words) The Federal Reserve implemented its second quarter-point interest rate cut in as many months, despite data limitations caused by the government shutdown. Due to the ongoing government shutdown, the release of federal economic data, including the monthly jobs report, has…...
September interest rate cut spurred uptick in home sales: REALTORS
2+ mon, 3+ week ago (925+ words) Existing home sales rose 1.5% in September, with gains in most U.S. regions except the Midwest. Mortgage rates fell slightly, boosting buyer demand and mortgage applications. Despite a small inventory increase, supply remains tight compared to pre-pandemic levels, limiting a strong market…...
ACA shoppers see steep 2026 hikes as enhanced subsidies risk expiring
2+ mon, 3+ week ago (529+ words) State marketplaces reveal sharp 2026 premium increases and fewer choices in some areas. Average rates are up 18%. Plans on Healthcare.gov, which serves 28 states, post next week. Democrats seek a subsidy extension in any reopening deal. GOP leaders say they will…...