If enacted, President Donald Trump’s proposal for a temporary 10% cap on credit card interest rates could change many policies for borrowers. Among them: how issuers decide to value credit card points. If you’ve accumulated any significant amount of credit card points, you should probably spend them now — but not because of the potential…
Bitcoin signage in Times Square in New York, Dec. 9, 2025. Michael Nagle | Bloomberg | Getty Images Bitcoin, Ethereum, and Solana slumped on Saturday as retail traders digested a busy market week that saw wild swings in commodities and a long-awaited announcement by President Donald Trump on his choice for the next Federal Reserve…
The S & P 500 closed lower on Friday but slightly higher for the week. It briefly topped 7,000 for the first time ever Wednesday. There was no storage of news: Ten portfolio names, including three of our megacaps, reported earnings throughout the week; the Federal Reserve held interest rates steady on Wednesday; software stocks…
Chevron CEO Mike Wirth said Friday that Venezuela has taken positive steps to protect investment by private oil companies since the Trump administration captured former President Nicolás Maduro. Venezuela on Thursday passed reforms to its hydrocarbon law that ease state control of the oil industry and grants private producers more autonomy. Wirth said Chevron is…
In his first stint at the Federal Reserve, Kevin Warsh came to a central bank that was about to be asked to save the world. He returns now under very different circumstances, asked to serve a notoriously fickle president who will place significant but very different demands on him. Warsh indeed is a Fed veteran,…
Members of President Donald Trump’s cabinet, including Energy Secretary Chris Wright, Commerce Secretary Howard Lutnick, Chief of Staff Susie Wiles, Treasury Secretary Scott Bessent and Secretary of State Marco Rubio, listen to Trump address the World Economic Forum (WEF) in the Davos Congress Center on Jan. 21, 2026 in Davos, Switzerland. Chip Somodevilla | Getty…
Former CNN anchor Don Lemon was arrested by federal agents in connection with his presence at a protest in a Minnesota church against the Trump administration’s immigration efforts. Lemon, 59, “was taken into custody by federal agents last night in Los Angeles, where he was covering the Grammy awards,” his attorney, Abbe Lowell, said in…
A cache of newly released documents from the Epstein files on Friday showed Elon Musk apparently corresponded with the convicted sex offender in 2012 and 2013, as they discussed meeting at Jeffrey Epstein’s private island and at Musk’s SpaceX facility in Southern California. The emails indicate Musk asked about attending the “wildest party,” hosted by…
Movie posters for the documentary “Melania” featuring U.S. first lady Melania Trump are displayed in a New York City subway station, in New York, U.S., Jan. 14, 2026. Jeenah Moon | Reuters It was a turbulent week for Amazon. From a bungled email prematurely announcing another massive round of layoffs to scrutiny around the company’s…
Eli Lilly CEO Dave Ricks on Friday said upcoming Medicare coverage of obesity drugs could be a major catalyst for the rollout of the company’s closely watched experimental weight loss pill, orforglipron. In an exclusive interview with CNBC, Ricks said Lilly expects to have Medicare coverage for the treatment “immediately following that launch, and that…
