Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say
A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal…
Economy
Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned
Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.…
Behind Anthropic’s stunning growth is a sibling team that may hold the key to generative AI
Daniela Amodei has helped build Anthropic into a serious AI player by betting on safety and enterprise adoption. ...
AI memory is sold out, causing an unprecedented surge in prices
Three primary memory vendors — Micron, SK Hynix and Samsung Electronics — make up nearly the entire RAM market, and…
What the Big Oil executives told Trump about investing in Venezuela
The CEOs of Exxon and Conoco are wary of returning to Venezuela. Chevron is ready to quickly ramp up production.…
Watch: Trump meets with oil executives at the White House on Venezuela investment
The oil industry has been mostly silent on Venezuela as the security situation and stability of the government in Caracas…
OpenAI and SoftBank announce $1 billion investment in SB Energy as part of massive AI buildout
OpenAI and SoftBank agreed to invest $1 billion into a SoftBank-backed energy provider as the companies prepare for a massive…
Mortgage rates drop to lowest level in nearly 3 years as Trump orders buying of $200 billion in mortgage bonds
President Donald Trump posted on social media Thursday that he is instructing mortgage giants Fannie Mae and Freddie Mac to…
Trump’s team races to come up with a Greenland takeover plan — here’s what’s at stake
U.S. Secretary of State Marco Rubio says that he intends to convene with Danish officials next week to discuss Greenland.…