JPMorgan CFO warns Trump's proposed credit card cap could cause people to 'lose access to credit'
JPMorgan CFO Jeremy Barnum warned that President Trump's proposed 10% credit card interest rate cap could hurt the economy and reduce access to credit for consumers who need it most.
Meta cuts over 1,000 jobs in major metaverse retreat
Meta cuts over 1,000 jobs from its Reality Labs division as the company shifts its focus from metaverse products to wearable technology investments and development.
Global central bank leaders back Fed Chair Powell amid federal investigation
Global central bank leaders rallied behind Fed Chair Jerome Powell as he faces criminal investigation from Trump administration over perjury allegations.
Inflation held steady in December, remaining well above the Fed's 2% target
The Bureau of Labor Statistics released CPI inflation data which showed that consumer prices rose at a steady pace in December as inflation remained well above the Fed's target.
Escrow payments rising nationwide with homeownership less attainable
Escrow payments surge over 50% in Florida and Colorado as insurance costs hammer homeowners. As rising property taxes create barriers to homeownership.
December inflation data will be 'extremely muddy' economists warn
Economists expect the December CPI inflation report to show price growth remained elevated and cautioned it may have a downward bias due to missing data from the government shutdown.
Consumer sentiment rises above expectations in January but remains below last year's level
Consumer sentiment rose to 54 in the University of Michigan's latest survey, exceeding economists' expectations despite concerns about elevated inflation and a cool labor market.
Trump announces $100B oil investment plan for Venezuela following Maduro's capture
Major U.S. oil companies will invest $100 billion to rebuild Venezuela's energy sector after Maduro's capture, Trump announced at a White House meeting.
GameStop shutters more stores as retail apocalypse continues
GameStop continues to struggle after the retailer closed 590 stores in 2024 and plans significant additional closures amid declining revenue.
US economy added 50K jobs in December as unemployment rate declines
The Labor Department released the December jobs report, which showed the U.S. economy added jobs at a modest pace to close out 2025 amid economic uncertainty.
LARRY KUDLOW: What’s wrong with 5% growth?
Economists take note: Mr. Trump knows the economy better than you do
Why building a home takes much longer in different parts of the US
New data reveals it takes over 13 months to build homes in some U.S. regions due to complex regulations and labor shortages, creating significant delays.
Major retailers are fleeing another popular mall
Towson Town Center mall lost multiple tenants including Banana Republic and Tommy Bahama as crime issues and changing consumer behaviors weigh.
Private sector added fewer-than-expected 41,000 jobs in December, ADP says
The figure reported on Wednesday is below economists’ estimates of an increase of 47,000 jobs and higher than the prior month’s revised reading of a loss of 29,000 jobs.
Marcus Lemonis named Bed Bath & Beyond CEO, details future plans for retailer
Marcus Lemonis takes over as CEO of Bed Bath & Beyond, outlining plans to cut costs and pursue acquisitions to turn around the struggling retailer.
Oil experts predict slight rise in gas prices as global tensions mount
Oil and gasoline prices could rise slightly due to Venezuelan export losses and geopolitical uncertainty, though pump prices remain at COVID-19 lows.
How Italy’s PM Meloni sparked an economic turnaround
Giorgia Meloni transforms Italy into Europe's success story using Reagan-style policies, restoring international confidence and achieving record employment levels.
A look at Atlanta's first city-operated grocery store
Atlanta's government-operated grocery store serves 20,000+ customers monthly, inspiring NYC mayor's ambitious plan despite billionaire grocery CEO threats.
Trump advisor predicts Miami will dethrone NYC as financial capital under new progressive mayor
Trump tech advisor David Sacks claims Miami could dethrone NYC as financial capital after progressive mayor Zohran Mamdani takes office in the city.
Widening K-shaped economy pattern across income groups
Bank of America data reveals a stark K-shaped economy as higher-income Americans spend 2.6% more while lower-income households manage just 0.6% growth.


















