Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump’s call for a one year, 10% ceiling on credit card interest has put Wall Street’s most powerful executives on the spot. The idea sounds simple and popular, but the people who actually run the card business say it would ripple through everything from bank earnings to who gets approved for plastic in…
America’s biggest banks just posted the kind of numbers that usually send markets into a full‑throated rally, yet the reaction has been oddly muted. Profits are up, revenue is at records, and deposit flight fears have faded, but traders are treating the results as one more data point in a foggy outlook rather than a…
Collectors are quietly hunting through wallets and cash drawers for the redesigned blue security–strip $100 notes, because some of them are trading for far more than face value. With the right combination of serial number, condition and scarcity, a single bill that spends like $100 can sell for as much as $2,500 to a specialist…
Across grocery aisles, fast-food counters, and online carts, Americans are discovering new line items on their receipts that were never part of the deal. From bag surcharges to “improvement” add‑ons and surprise import duties, the extra costs are small in isolation but relentless in frequency, leaving shoppers feeling blindsided and squeezed. The frustration is not…
Grocery shoppers across the country are discovering a new line on their receipts as 2026 carryout rules take hold, with bag charges climbing and plastic options disappearing at many checkouts. The new fees are designed to push people toward reusable bags and cut plastic waste, but they are also reshaping the simple act of paying…
President Donald Trump’s surprise call for a 10% ceiling on credit card interest has ignited a rare, emotional debate about the price of everyday borrowing. Personal finance educator Vivian Tu has stepped into that fight with a simple framework that cuts through the noise and asks a blunt question: which cardholders actually win, and who…
Inflation in the United States is no longer raging, but it is not fully tamed either, and the political response is veering into territory that would have been unthinkable a few years ago. With price growth stuck at 2.7% and households still feeling the sting of higher food and borrowing costs, President Donald Trump is…
Food delivery customers in one major state are about to discover what it feels like when the law is firmly on their side. Instead of partial credits and endless chats with bots, people who get cold fries, missing entrees, or the wrong sushi roll will now be entitled to full cash refunds, returned to the…
The Trump administration is signaling that banks may soon unveil a new kind of plastic branded as “Trump cards,” a proposal that fuses the White House’s populist credit card push with its broader fight over access to financial services. The idea lands at a moment when President Donald Trump is pressuring lenders on interest rates…
The United Kingdom has handed its payments watchdog a decisive victory in a closely watched clash with global card schemes and a leading fintech. A High Court judge in London has backed the power of the Payment Systems Regulator to cap cross border card fees, rejecting arguments from Mastercard, Visa and Revolut that the regulator…