world
Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say
A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say. Source link
Powell investigation: Drumbeat of Republican opposition grows on Capitol Hill
Federal Reserve Chair Jerome Powell said he was under investigation on Sunday night, the latest episode in President Donald Trump’s feud with him. Source link
Meta names former Trump advisor Dina Powell McCormick as president, vice chair
Powell McCormick will serve as a member of Meta’s management team and will help guide its strategy and execution, the company said. Source link
'Sell America' trade: Dollar drops, gold surges as Trump's Fed pressure campaign raises fears about U.S. system
The “Sell America” trade is a hot topic after Federal Reserve Chair Jerome Powell’s bombshell announcement that he’s under criminal investigation Source link
Greenspan, Bernanke, Yellen and other past officials say Trump using 'prosecutorial attacks' to undermine Fed
Previous Federal Reserve chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell. Source link
Apple picks Google's Gemini to run AI-powered Siri coming this year
Google’s market value surpassed Apple for the first time since 2019 as it rolls out updated artificial intelligence features. Source link
Yellen says Powell probe 'extremely chilling' for Fed independence, market should be concerned
Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell. Source link
Paramount Skydance sues Warner Bros. Discovery in hostile takeover attempt
The lawsuit comes shortly after the WBD board once again told shareholders to reject Paramount’s offer. Source link
Tech investors assess minerals mining as U.S. takeover talk on Greenland grows, CEO tells CNBC
The geopolitical firestorm raging over the Arctic island has brought commercial opportunities to the fore. Source link
Discount grocer Aldi plans to open more than 180 stores in U.S. this year as customers across incomes seek value
Aldi’s growth reflects the fiercer competition with traditional players as discounters lure away shoppers and win more of their weekly grocery runs. Source link