Trump proposes credit card interest caps, but smart money still views him as bank friendly
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MarketWatch - Business
Trump’s cap for credit-card interest rates wouldn’t pass Congress, analyst says
Republican presidential nominee Donald Trump on Wednesday promised to cap interest rates for credit cards, but a veteran analyst predicts the plan wouldn’t get the congressional approval that it ...4 hours ago - Donald Trump -
MarketWatch - Business
Biden blasts Trump’s calls for reducing Fed’s independence, warning of potential for ‘enormous damage’ to economy
In a speech Thursday following the Federal Reserve’s interest-rate cut, President Joe Biden talked up the importance of the U.S. central bank’s independence while criticizing Republican ...6 hours ago - Joe Biden -
The New York Times - Business
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.7 hours ago -
MarketWatch - Business
Trump proposes credit-card interest caps, but smart money still views him as bank-friendly
The analyst community isn’t taking the former president’s proposal too seriously, and is instead looking at Trump’s bank-friendly term as a guide for how investors should play a possible second ...7 hours ago - Donald Trump -
CBS News - Top stories
How the Fed rate cut can help you tackle credit card debt
The Fed's rate cut won't necessarily slash credit card interest rates, but it could help you get rid of your card debt.8 hours ago - Federal Reserve -
MarketWatch - Business
When the interest-rate cut will hit your mortgage, car loan, credit-card bills and savings accounts
Lower interest rates will soften the prices consumers pay for debt — but people may not see an impact on their payments for a while9 hours ago -
BBC News - Top stories
Interest rates held at 5% but set to fall gradually, says Bank
Economists are betting on rates being held in September with a cut to come in November instead.10 hours ago -
CNBC - Business
Bank of England presses pause on rate cuts, highlights 'gradual approach'
The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary easing with an aggressive 50 basis point rate cut.10 hours ago -
CBS News - Top stories
Personal loans vs. credit cards: Which is better as interest rates drop?
Both options have unique benefits in today's cooling rate climate. Here's what to know now.10 hours ago -
Financial Times - Business
Bank of England holds interest rates at 5%
MPC indicates it may lower borrowing costs again as soon as November11 hours ago -
CNBC - Business
We're trimming a bank stock on a post-Fed pop and still considering swapping it for another
We thought the stock was too low to sell last week. But with Fed rate cuts boosting shares, a trim Thursday felt better.11 hours ago -
ABC News - World
Bank of England widely expected to hold interest rates despite big US Fed cut
The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago12 hours ago - Federal Reserve -
The Hill - Politics
Latino advocacy group: Trump 'gets an F,' jury still out on Harris
An influential Latino civic engagement group is preparing to issue report cards for campaign policy positions on issues they say are critical to Latino representation, and former President Trump’s ...Yesterday - Donald Trump -
CBS News - Politics
Trump wants to eliminate the $10,000 SALT deduction cap he created
Donald Trump is proposing to reverse a key element of his signature 2017 tax law that affected millions of homeowners. Here's what to know.Yesterday - Donald Trump -
CNBC - Business
Republican House speaker floats deregulation and tax cuts — not tariffs — to pay for Trump proposals
Republican Speaker Mike Johnson is hours away from a House vote on his six-month funding bill, less than two weeks away from a partial government shutdown.Yesterday - Donald Trump -
CBS News - Top stories
Credit card debt is climbing. Here's how to get rid of yours now.
If you're dealing with compounding credit card debt, these strategies can help you get rid of it.Yesterday -
The New York Times - Business
Fed’s Interest Rate Cut Would Cap a Winning Streak for Harris and Biden on Prices
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race.Yesterday - Joe Biden -
CBS News - Top stories
Trump and Harris' views on inflation — their records and what they've said
Inflation is a top issue for voters heading into 2024 presidential election. Here's what we know about Harris and Trump's views on combating high prices for Americans.Yesterday - Donald Trump -
The Hill - Politics
Biden administration proposes wide eligibility for EV charger tax credit
The Biden administration has proposed a rule maximizing the number of electric vehicle (EV) chargers that can qualify for tax credits. Prior to the proposed rule, it was unclear whether the tax ...Yesterday - Joe Biden -
MarketWatch - Business
JPMorgan in talks with Apple to take over its credit card venture: report
JPMorgan Chase is in negotiations to take over Apple’s credit card venture from Goldman Sachs after the tech frim made a push to cut its ties with the New York bank last yearYesterday - Apple -
CNBC - Business
Trump, who signed SALT deduction cap into law, now vows to 'get SALT back'
Donald Trump made the promise about state and local taxes in a Truth Social post attempting to court New York voters to back him in the presidential election.2 days ago -
CNBC - Business
Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
While the talks are early and could falter, the move could mean that the country's largest credit card issuer may grow even larger.2 days ago - Apple -
MarketWatch - Business
A Fed interest-rate cut could make small-cap stocks a good investment now
U.S. small-cap stocks have staged an epic rally over the past month as the Federal Reserve is set to cut interest rates for the first time since 2020. Has the time for small caps finally come?2 days ago - Federal Reserve -
NBC News - Top stories
Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program from Goldman Sachs, a person with knowledge of the negotiations said.2 days ago - Apple -
The Hill - Politics
Secret Service tells Trump it needs to bolster security for him to safely golf
The head of the Secret Service told former President Trump in the wake of a second potential assassination attempt that the agency would need to bolster security for his future golf outings, an ...2 days ago - Donald Trump -
MarketWatch - Business
Trump floats nixing the SALT cap. Voters in these 6 states would benefit the most.
The cap on state and local tax deductions was a centerpiece of the former president’s 2017 tax-reform law.2 days ago - Donald Trump -
The Hill - Politics
Trump sounds reversal on SALT deduction cap
Former President Trump sounded an about-face Tuesday on the controversial tax policy known as the SALT deduction cap, breaking from a major provision in his signature piece of domestic policy. “I ...2 days ago - Donald Trump -
CBS News - Top stories
Here's how a Fed rate cut could impact your credit card balance
The Federal Reserve is poised to lower interest rates on Wednesday. Here's how that would impact people with credit card balances.2 days ago - Federal Reserve -
Financial Times - Business
JPMorgan in talks to take over Apple credit card from Goldman Sachs
Discussions come as Wall Street Bank scales back its consumer ambitions, including vaunted partnership with iPhone maker2 days ago - Apple -
MarketWatch - Business
Make this last-minute money move before the Fed’s interest-rate cut
Plus, tips for how savers and spenders can prep for the first interest-rate cut since 20202 days ago -
The Guardian - World
Smart money remains on Glasgow being a temporary Commonwealth Games fix | Sean Ingle
Nobody cares to play host to exorbitant mid-tier event and organisers are running out of time to convince otherwise. The last time the Commonwealth Games was staged, two years ago in Birmingham, ...2 days ago -
The New York Times - Business
How the Fed Cutting Interest Rates Affects Stocks, Banks and More
For corporate America, this week’s expected interest rate cut carries risks along with rewards.2 days ago - Federal Reserve