Trump calls for one-year cap on credit card rates at 10%
President Donald Trump on Friday called for a one-year cap on credit card interest rates at 10%, effective Jan. 20, without specifying details. “Please be informed that we will no…
Asian households still save as much as half their wealth in cash. Fintech platforms like Syfe want to change that
Growing up in India, Dhruv Arora’s mother gave him one key piece of financial advice: Put his money in the bank. But Arora, now the founder of Singapore-based fintech platform…
Fractures start to show in Trump’s GOP as some Republicans push back on Greenland, Venezuela, and health care
For House Republicans, the political year started with a pep rally of sorts as President Donald Trump gathered them at Washington’s Kennedy Center for a stemwinder of a speech. But…
Facing a 682% inflation rate, Venezuelans work three or more jobs and still can barely afford any food. ‘Everything is so expensive’
At the White House, President Donald Trump vows American intervention in Venezuela will pour billions of dollars into the country’s infrastructure, revive its once-thriving oil industry and eventually deliver a…
Trump pushes for $100 billion in oil investments in Venezuela while Exxon and others say it’s currently ‘uninvestable’ without major reforms
President Donald Trump said American oil companies—as well as some European players—will spend at least $100 billion in Venezuela to “very rapidly rebuild dilapidated oil industry” and create great wealth…
Gen Z are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
As Gen Z ditch books at record levels, students are arriving to classrooms unable to complete assigned reading on par with previous expectations. It’s leaving colleges no choice but to…
Paul Singer’s Elliott Management is one of the big winners in Venezuela’s forced sale of Citgo and the toppling of Maduro
Houston-based Citgo Petroleum is the last-remaining crown jewel of Venezuela’s international oil assets and it’s in the process of being sold to a refining startup backed by activist investor Paul…
Elon Musk restricts Grok’s image tools following a wave of non-consensual deepfakes of women and children
Elon Musk’s xAI has restricted its AI chatbot Grok’s image generation capabilities to paying subscribers only, following widespread condemnation over its use to create non-consensual sexualized images of real women…
Andreessen Horowitz’s shiny, new $15 billion reveals where the firm sees the biggest opportunities
Andreessen Horowitz just raised over $15 billion. I’ll let you consider that number for a moment, because while it’s far from unprecedented (or even surprising), it is quite a chunk…
Wall Street has written off a Fed cut this month as it awaits 2 market-moving events today
Back in October of last year, 55% of traders in Fed Funds futures contracts assumed the U.S. Federal Reserve would deliver an interest rate cut this month, bringing the base…