News
Can Donald Trump unilaterally cap credit card interest rates at 10%? It’s a request, not a law
2+ hour, 26+ min ago (815+ words) Amid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one year. A Jan. 10 White House X post included an image of Trump's Truth Social post from…...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank
4+ day, 14+ hour ago (801+ words) Federal Reserve Chair Jerome Powellsaid Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed's building renovations. The move represents an unprecedented escalation…...
President Trump calls for new cap on credit card interest rates
6+ day, 2+ hour ago (328+ words) It wasn't immediately clear how the president plans to enforce the policy, which he said would take effect later this month. President Donald Trump is calling for a cap on credit card interest rates starting later this month, but it…...
December jobs report reveals 50,000 jobs added, unemployment rate at 4.4%
1+ week, 2+ hour ago (162+ words) The December jobs report shows 50,000 new jobs were added, slightly below economists' predictions, with the unemployment rate at 4.4%. The December jobs report released Friday indicates that employers added 50,000 jobs, slightly below the 55,000 jobs economists had predicted. The numbers are being…...
More thrifting and fewer returns, the early trends that defined shopping this holiday season
1+ week, 4+ day ago (857+ words) The shopping rush leading up to Christmas is over, and in its place, like every year, another has begun as millions of people hunt for post-holiday deals and get in line to return gifts that didn't fit or didn't hit…...
Despite Fed rate cuts, mortgage rates could still rise. Here's why
2+ week, 2+ day ago (541+ words) The Federal Reserve cut interest rates by 25 basis points at its final meeting of 2025, but the 30-year fixed-rate mortgage remained high at 6.22%. The Federal Reserve cut interest rates by 25 basis points at its final meeting of 2025, but an expert says…...
Consumer prices rose in November. See which of your grocery items went up
4+ week, 21+ hour ago (154+ words) Consumer prices rose at a 2.7% annual pace in November, according to the latest report of the Bureau of Labor Statistics. While November's consumer prices paint a cooler-than-expected inflation of 3% in September, it does not give the full picture. BLS data…...
New report: Inflation slows in November, prices rise 2.7% annually
4+ week, 1+ day ago (259+ words) A new Consumer Price Index report out Thursday shows inflation slowed in November as the government continues to clear its backlog of reports delayed by the government shutdown. New government data released Thursday shows inflation slowed over the last two…...
The minimum wage will rise in these 22 states in 2026
4+ week, 1+ day ago (297+ words) In 2026, the minimum wage will increase in 22 states. Find out what is happening in your state in our interactive graphics. In 2026, the minimum wage is set to increase in 22 states and Washington, D.C. Most will see the minimum wage rise on…...
November jobs report: 64,000 jobs added, unemployment ticks up
1+ mon, 2+ hour ago (246+ words) November's delayed jobs report revealed employers added 64,000 jobs. The unemployment rate ticked up to 4.6%, the highest in 4 years. November's jobs report revealed that employers added 64,000 jobs last month, exceeding economists' predictions but showing a slowing labor market. The unemployment rate…...