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Browsing: Business

Business

JPMorgan CFO warns Trump's proposed credit card cap could cause people to 'lose access to credit'

JPMorgan CFO Jeremy Barnum warned Tuesday that President Donald Trump's push to put a 10% cap on credit card interest rates could hurt the broader eco...

Business

Trump calls for 'jerk' Powell to lower interest rates after latest inflation data

President Donald Trump on Tuesday touted the release of fresh inflation data from December that showed price growth has held steady, saying that trend...

Business

Meta cuts over 1,000 jobs in major metaverse retreat

Meta Inc. is beginning to cut 10% of employees, or more than 1,000 jobs, from its Reality Labs division as it shifts its investment away from metavers...

Business

Jamie Dimon warns Federal Reserve subpoena 'not a good idea'

JPMorgan Chase CEO Jamie Dimon said Tuesday that Justice Department grand jury subpoenas issued to the Federal Reserve risk undermining the central ba...

Business

Data center boom powering AI revolution may drain US grids — and wallets

The rapid expansion of artificial intelligence (AI) data centers is raising alarms over how much power and water they consume — and what that could me...

Business

Starbucks terminates employee over pig drawing incident involving LA County deputy

A Starbucks barista who handed a Los Angeles County sheriff’s deputy a coffee cup with a pig drawn on it has been let go, the world-famous coffee hous...

Business

How Domino's 'regained its crown' in the pizza industry

Pizza may not be the delivery meal it once was, but one player is still dominating, according to an industry analyst. The pizza industry is facing int...

Business

Global central bank leaders back Fed Chair Powell amid federal investigation

A group of global central bank leaders issued a joint statement on Tuesday to express their support for Federal Reserve Chair Jerome Powell as he face...

Business

Pirro says Federal Reserve ignored US Attorney outreach on Powell testimony, alleged cost overruns

U.S. Attorney for the District of Columbia Jeanine Pirro said on Monday the Federal Reserve repeatedly failed to respond to outreach from her office r...

Business

Prediction market traders bet against Trump's tariffs as Supreme Court ruling looms

Traders on prediction platforms Kalshi and Polymarket are betting that the nation’s highest court is unlikely to rule in favor of President Donald Tru...

Business

Trump's proposed credit card interest rate cap could curb access for millions of Americans: report

President Donald Trump's call for a 10% cap on credit card interest rates could impact access to credit cards for many American consumers while also i...

Business

Venezuela reopens oil wells and resumes crude exports following Trump administration policy changes

President Donald Trump’s Venezuela policy showed signs of taking effect this week as the country reopened oil wells closed under a U.S. embargo and re...