Trump Warns Credit Card Firms Over Jan. 20 Rate Cap
President Donald Trump on Sunday said credit card companies would be in violation of the law if they failed to comply with his demand by Jan. 20 for a 10% cap on interest rates, even as legal and financial observers said...
Read more …
Fed Chair Jerome Powell Under Criminal Investigation
Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed's building renovations.
Read more …
Mortgage Rates Drop to Lowest Level in Nearly 3 Years
Mortgage rates fell sharply on Friday after President Donald Trump said he is directing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, a rare federal push into the housing-finance pipeline that is already reshaping rate expectations and...
Read more …
Ackman: Trump's 10% Credit Card Rate Cap 'a Mistake'
U.S. hedge fund manager Bill Ackman said on Friday that U.S. President Donald Trump's call for a one-year cap on credit card interest rates at 10% starting on Jan. 20 "is a mistake."
Read more …
Trump Promises 'Total Safety' for US Oil Firms in Venezuela
President Donald Trump Friday called on oil executives to rush back into Venezuela as the White House looks to quickly secure $100 billion in investments to revive the country's ability to fully tap into its expansive reserves of petroleum.Since the U.S. military raid to...
Read more …
Rubio: Path for Venezuela Involves Stabilization, Recovery, Transition
Secretary of State Marco Rubio outlined the path for Venezuela's return to normalcy, making his points Friday at a meeting with President Donald Trump, Cabinet officials, and oil company executives.
Read more …