This week, Donald Trump announced a controversial cap on credit card interest rates at 10%, stirring debate among lawmakers and financial experts. While it aims to protect consumers from high rates, critics warn it could lead to reduced credit availability.
Bill Ackman warns that Trump's proposed 10% cap on credit card interest rates could backfire, leading to millions losing access to credit cards. He suggests that improving competition is a better solution.
Delta Airlines has begun cancelling flights in response to FAA airspace closures in the Caribbean. Customers are urged to check their notifications via the Fly Delta app for updates on their reservations.
Farmers across the U.S. are grappling with skyrocketing health insurance costs as enhanced subsidies expire, forcing many to choose between their livelihoods and coverage. With rising prices and economic uncertainty, the future looks grim for agricultural workers.
The surge in AI demand for memory chips has led to a significant shortage, driving prices up for various tech products. Experts warn consumers to purchase devices now to avoid higher costs later.
In a dramatic escalation, Moscow unleashed one of its heaviest air assaults on Kyiv as Ukrainian President Zelenskyy heads to the US for critical peace talks with Trump. At least one civilian is dead, and many are injured as the attack disrupts life in the capital.
In a bid to prevent wildfires, Xcel Energy has shut power for 50,000 customers in Colorado's Front Range due to extreme weather conditions. Schools are closed, and emergency services are on alert.
As Congress debates extending ACA subsidies amid open enrollment, consumers face uncertainty over rising health insurance premiums. Will lawmakers reach a consensus before it's too late?
In Mount Pocono, Trump addresses economic concerns with promises of lower prices and bigger paychecks. After announcing a $12 billion farmer bailout, he faces the challenge of rising prices due to his tariffs, which threaten his approval ratings.
In a move to support U.S. farmers facing financial distress due to Chinese tariffs and falling commodity prices, Trump unveiled a $12 billion aid package. This includes $11 billion for row crop farmers and additional funds for specialty crops, while also promising more soybean purchases from China.