Sen. Warren: Big banks hiked interest on borrowers, but not for savers

Bank of Japan Raises Interest Rates to Highest Level Since 2008

The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.

The New York Times - 5h

Pete Hegseth told Elizabeth Warren he paid $50,000 to accuser

Pete Hegseth, President Trump's nominee to lead the Defense Department, is on track to be confirmed as soon as Friday night if his support holds.

CBS News - 12h

Trump Davos remarks target big banks, oil prices, European regulators

Trump has signed executive orders to withdraw the U.S. from the World Health Organization and the Paris climate agreement since he took office.

CNBC - 18h

Pete Hegseth told Elizabeth Warren he paid $50,000 to accuser

Pete Hegseth, President Trump's nominee to lead the Defense Department, is on track to be confirmed as soon as Friday night if his support holds.

CBS News - 12h

Warren sends Musk 30 ideas for DOGE to cut government spending

Sen. Elizabeth Warren (D-Mass.) sent tech billionaire Elon Musk 30 ideas for how the newly formed Department of Government Efficiency (DOGE) could cut government spending. Warren's Thursday letter ...

The Hill - 13h

Sen. Warren: Big banks hiked interest on borrowers, but not for savers

As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.

CBS News - 17h

Turkey's central bank lowers benchmark interest rate to 45%

Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 45%

ABC News - 1d

CEOs of 4 big portfolio companies dish on AI, cyber, banking, and Trump from Davos

It's that time of year when business tycoons and influential world leaders gather in Davos.

CNBC - 1d

Reeves optimistic despite surprise rise in UK borrowing

Borrowing - the difference between spending and tax revenue - hit its highest December level for four years.

BBC News - 1d

UK borrows far more than expected in December

Government borrowing hits £17.8bn as chancellor Rachel Reeves faces pressure to turn around the economy

Financial Times - 2d

Bank of Japan is expected to hike rates this week, CNBC survey shows

Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.

CNBC - 2d

4 CD account questions savers should be asking now

With the CD account interest rate landscape changed, savers should consider the answers to these four questions now.

CBS News - 2d

Sen. Deb Fischer speaks at Trump inauguration

Sen. Deb Fischer (R-Nebraska) spoke Monday at President-elect Donald Trump's inauguration. See her full remarks, along with the ceremony's invocation by Timothy Michael Cardinal Dolan, archbishop ...

CBS News - 3d

Sen. Amy Klobuchar speaks at Trump inauguration

Sen. Amy Klobuchar (D-Minnesota) delivered remarks at the start of President-elect Donald Trump's inauguration ceremony. See her full address.

CBS News - 3d

Big Banks Quit Climate Change Groups Ahead of Trump’s Term

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of growing political and legal pressure.

The New York Times - 3d

Democratic Sen. Padilla will 'of course' attend Trump's inauguration

California Dem Sen. Alex Padilla speaks to "This Week" co-anchor Jonathan Karl.

ABC News - 4d

Warren pushes for Hegseth's wife to divest from defense company stocks

Senator Elizabeth Warren has called on President-elect Trump's defense secretary pick, Pete Hegseth, to divest from thousands of dollars worth of defense company stocks held by his wife, Jennifer ...

The Hill - 6d

NBA trade rumors: Cavs interested in Nets' Cam Johnson, Warriors looking at Robert Williams III, other bigs

But what exactly would Cleveland be offering Brooklyn in return?

CBS Sports - 6d

FTSE 100 hits record as interest rate hopes push down UK borrowing costs

Nearly every share on the index rises as fall in value of pound helps multinational companies listed in London. Business live – latest updates The UK’s blue-chip stock index hit a record high ...

The Guardian - 6d

What savers should do now with interest rates on pause

A rise in inflation all but assures a pause in interest rate cuts. Here's what savers should do in the interim.

CBS News - Jan. 16

Bank of America tops estimates on better-than-expected investment banking, interest income

The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.

CNBC - Jan. 16

Investor interest in defense grows

Yahoo News - Jan. 16

Everything to Know About Big Banks Earnings

Goldman Sachs, JPMorgan, Wells Fargo and other firms are expected to report strong earnings.

Inc. - Jan. 15

Biden cancels student loans for 150,000 more borrowers

President Joe Biden announced his administration had approved student loan relief for more than 150,000 borrowers, bringing the total number who have had their student debt cancelled under the ...

NBC News - Jan. 13

NBA trade rumors: Nets not interested in Jimmy Butler, Suns eyeing Hornets big man

The NBA trade deadline is less than a month away

CBS Sports - Jan. 13

Big US banks set for $31bn quarterly profit as Wall Street business booms

Trading activity boosted in final quarter of 2024 by Donald Trump’s election win

Financial Times - Jan. 13

This is what it could take for the Fed to hike interest rates

Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price index

MarketWatch - Jan. 11

Democratic Sen. John Fetterman to meet with Trump

WASHINGTON — Democratic Sen. John Fetterman of Pennsylvania says he plans to meet with President-elect Donald Trump.

NBC News - Jan. 9

Warren questions Trump IRS nominee's experience, promotion of tax credit

Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience ...

The Hill - Jan. 9

Warren: Trump expansion talk a distraction from nominees

Sen. Elizabeth Warren (D-Mass.) argued President-elect Trump’s continued talk about expanding the United States is a distraction from the Cabinet picks and nominees he’s chosen to staff his second ...

The Hill - Jan. 9

Trump's IRS pick raises concerns about qualifications, Sen. Warren says

The background of Billy Long, an ex-congressman and auctioneer, raises questions about his qualifications, Sen. Warren says.

CBS News - Jan. 9

How to Get Your Company Ready to Borrow in 2025

Here are some tips to make your loan applications go smoothly and quickly in the new year.

Inc. - Jan. 9

Six big US banks quit net zero alliance before Trump inauguration

Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians, say analysts. • Business live – latest updates . The six biggest banks in the US have all ...

The Guardian - Jan. 8

Another year of big wage hikes likely at big Japan firms, business lobby chair says

Yahoo News - Jan. 7

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.

The New York Times - Jan. 6

Private equity to lobby Trump for access to savers’ retirement funds

Industry hopes incoming administration will open long-restricted private investments to individual investors

Financial Times - Jan. 6

Michigan QB Warren reveals he tore ACL in bowl

Michigan quarterback Davis Warren revealed that he suffered a torn ACL in his right knee during the Wolverines' 19-13 victory over Alabama in the ReliaQuest Bowl on Dec. 31.

ESPN - Jan. 5

Sen. Banks: ‘I don’t think Mike Johnson would have been speaker’ without Trump

Sen. Jim Banks (R-Ind.) said on Sunday he doesn’t think Speaker Mike Johnson (R-La.) would have been reelected to his leadership post without the backing of President-elect Trump. “Donald Trump ...

The Hill - Jan. 5

Sen. Warren: Big banks hiked interest on borrowers, but not for savers

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