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This story about the March 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in March as consumers continued…
Shares of buy now, pay later company Klarna rose more than 30% on Wednesday after the company raised $1.37 billion in its long-awaited initial public offering. Klarna’s stock, trading under…
U.S. economic growth rebounded in the first quarter of the year from a sluggish fourth…
Two major leaders in cryptocurrency are excited about the future of Bitcoin and are crediting President Donald Trump for fueling its recent growth. Gemini co-founders Tyler and Cameron Winklevoss, fresh…
The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn’t been crossed since the conclusion of World War II. Data released by…
The Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points in its first cut of the year, marking a move that could ease monthly payments on…
Mortgage rates ticked slightly higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year…
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The Trump administration is floating a new proposal aimed at expanding access to credit cards after the president’s calls for a 10% cap on credit card interest rates were met with pushback from the financial services industry. President Donald Trump called for a 10% cap on credit…
Conference Call Participants John McNulty – BMO Capital Markets Equity ResearchPatrick Fischer – Goldman Sachs Group, Inc., Research DivisionDavid Begleiter…
American Express has announced plans for the construction of a 55-floor building at 2 World Trade Center in New York…
The White House released a study on Monday that found diversity, equity and inclusion (DEI) policies hinder productivity by leading…
The tax filing deadline for 2025 tax returns is here, with taxpayers having until just before midnight on April 15…
Mortgage rates fell this week, mortgage buyer Freddie Mac said Thursday. Freddie…
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Fresh data from the IRS shows that Americans’ average tax refunds in the…
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Companies in the private sector added 62,000 jobs in March, payroll processing…
Banks & Cards
A new analysis finds that a 10% credit card interest rate cap would…
