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JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster'

Dimon said at Davos that the cap would cause a "disaster." Denis Balibouse/Reuters Jamie Dimon said Trump's proposed cap on credit card interest rates could hurt 80% of Americans. Speaking at ...

5dBusiness InsiderPoliticsImpact

I'm a millionaire living in California. I'm happy to pay higher taxes since I have more wealth — it just makes sense.

Scott Ellis is a millionaire who supports higher taxes for the wealthy, including himself. Courtesy of Scott Ellis Scott Ellis is a Silicon Valley millionaire who supports California's proposed wealth...

1dBusiness InsiderPoliticsImpact

Why this NATO fighter wing says its American-made Hornets work well for front-line air patrols

Spain has deployed roughly a dozen EF-18 Hornet fighter jets to Lithuania in support of NATO air policing operations. Joan Valls/Urbanandsport/NurPhoto via Getty Images Spain has deployed a fighter wi...

3dBusiness InsiderPoliticsImpact

Ukraine burned nearly $100 million in missiles in a single night battling a Russian barrage, Zelenskyy says

Ukrainian forces shoot down a Russian missile over Kyiv on Tuesday. Gleb Garanich/REUTERS Ukraine fired nearly $100 million worth of missiles in a single night defending against Russian strikes. The f...

5dBusiness InsiderPoliticsImpact

Citadel CEO Ken Griffin says Trump's tariffs have landed the US in a 'pretty unfortunate position'

Ken Griffin, CEO of Citadel. Fabrice COFFRINI / AFP via Getty Images Ken Griffin, CEO of Citadel, gave his two cents on Trump's key economic policies. Tariffs have led to higher inflation and disrupte...

5dBusiness InsiderPoliticsImpact

Read the memo Target's HR chief sent staff about 'expected disruptions' as ICE raids Minneapolis

Graffiti reading "ICE out now!" is seen on the exterior wall of a Target store in Minneapolis. Kerem YUCEL / AFP via Getty Images Target sent a memo to staff acknowledging the stress workers m...

3dBusiness InsiderPoliticsImpact

Student-loan forgiveness for public servants is at risk under Trump's plan to ax cheaper monthly payments, Democratic lawmakers say

Sen. Jeff Merkley raised concerns about ending the SAVE student-loan repayment plan. Chip Somodevilla/Getty Images A group of Democratic lawmakers raised concerns with Trump's proposed settlement to e...

4dBusiness InsiderPoliticsImpact

The US military's drone-defense confusion is leaving its bases vulnerable, Pentagon watchdog finds

A US Army solider trains with a counter-UAS weapon known as a "Drone Buster," at Fort Irwin, California., Oct. 31, 2024. Sgt. Quincy Adams/US Army A new watchdog report says unclear counter-dr...

1dBusiness InsiderPoliticsImpact

A NATO fighter wing showed up for front-line air patrols with drone defenses for the first time

A Spanish EF-18 on the tarmac before takeoff at Šiauliai. Some elements of the image have been obscured for security reasons at the request of the Spanish Air Force. Jake Epstein/Business Insider Spai...

2dBusiness Insiderworld_newsImpact

Read the memo TikTok's CEO sent staff after closing a deal to avoid a US ban

TikTok's CEO Shou Chew Tom Williams/CQ-Roll Call, Inc via Getty Images TikTok has finalized a deal to keep its business operating in the US. The deal, a US joint venture, involves a new set of investo...

3dBusiness InsiderPoliticsImpact

Whole milk is gross. I don't care what RFK says.

Whole milk, yuck. Getty Images; BI The government's latest dietary guidelines suggest people drink whole milk instead of low-fat. This matters a lot for school lunches, where whole milk will get top b...

4dBusiness InsiderPoliticsImpact

How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

Business leaders like Klarna's CEO support Trump's credit card cap proposal, while major banks and investors warn of risks. BRENDAN SMIALOWSKI/AFP via Getty Images Donald Trump proposes a 10% cap on c...

Jan 14Business InsiderPoliticsImpact

Why Democrats are gearing up to oppose a bill to curtail stock trading in Congress

"This bill is a scam. It is not a congressional stock trading ban," Rep. Alexandria Ocasio-Cortez told Business Insider. Tom Williams/CQ-Roll Call, Inc via Getty Images A GOP-backed bill to cu...

Jan 17Business InsiderPoliticsImpact

Stars and Stripes staff fear the Pentagon is coming for the newspaper — and their jobs

Stars and Stripes newspaper Ullstein bild via Getty Images The military's independent newspaper, Stars and Stripes, is facing new pressure from the Pentagon. Pentagon spokesman Sean Parnell said the o...

Jan 17Business InsiderPoliticsImpact

How Semafor turned Washington into a profit center

Semafor CEO Justin Smith says his company hosted close to 100 events in 2025. His ambition is to build a Washington, DC-based event that's supposed to rivals the annual Davos gathering in Switzerland....

Jan 16Business InsiderPoliticsImpact

Trump wants to control Greenland. See inside its sole US military base.

Pituffik Space Base in Greenland. Ritzau Scanpix/Thomas Traasdahl via REUTERS Pituffik Space Base was established in 1951 as part of a defense treaty between the US and Denmark. Base operations includ...

Jan 15Business InsiderPoliticsImpact
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