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Student-loan borrowers behind on payments are getting a major break, the US education secretary says

Education Sec. Linda McMahon said that wage garnishments for defaulted student-loan borrowers are on pause. Chip Somodevilla/Getty Images Education Sec. Linda McMahon said that wage garnishments for d...

Jan 16Business InsiderPoliticsImpact

US wins against Russian and Chinese air defenses in other countries risk teaching the wrong lessons

Stealth fighters and supersonic bombers were among the aircraft involved in the mission. US Air Force Photo The US assault on Venezuela saw forces overwhelm Russian- and Chinese-made air defenses. Ope...

1hBusiness InsiderPoliticsImpact

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 ...

3dBusiness InsiderPoliticsImpact

Powell criminal probe upends Trump's search for a new Fed chair

White House economic advisor Kevin Hassett (left) and former Fed Gov. Kevin Warsh are leading prediction market odds for the likehood of becoming President Donald Trump's pick to lead the Federal Rese...

Jan 13Business 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...

1dBusiness Insiderworld_newsImpact

Satellite images of the secretive US military base at the center of a new Trump controversy

Satellite imagery from 2025 shows bombers and aircraft at Diego Garcia. Planet Labs PBC President Trump is criticizing a UK decision that could affect US operations on Diego Garcia. Diego Garcia has b...

4dBusiness InsiderPoliticsImpact

China's much-hyped radars appear to have been of little help when the US launched its massive air assault against Venezuela

China's JY-27A radar didn't appear to be effective during the US raid on Venezuela. US Air Force Photo Venezuela's Chinese air defense radars weren't game-changing during the US raid to capture Maduro...

Jan 14Business Insiderworld_newsImpact

Sen. Mark Kelly is suing the Pentagon. Legal experts say veterans' rights are at stake.

Sen. Mark Kelly said his lawsuit is about fighting back on the Pentagon's crackdown on speech. Heather Diehl/Getty Images Senator Mark Kelly sued Defense Secretary Pete Hegseth over the Pentagon's spe...

Jan 15Business InsiderPoliticsImpact

The world's central bankers are rallying around Fed chair Jerome Powell in his fight with Trump

Powell typically abstains from directly engaging with Trump's personal attacks. Al Drago/Getty Images The world's most senior bankers have rallied around embattled Federal Reserve Chair Jerome Powell....

Jan 13Business InsiderPoliticsImpact

I pay the millionaire's tax in Massachusetts. I've thought about moving my family away, but I'm staying for my kids.

Sam Slater says he wants to raise his children in Massachusetts, despite paying the millionaire's tax. Sam Slater California's proposed wealth tax is sparking debate among billionaires across the stat...

Jan 15Business InsiderPoliticsImpact

David Sacks calls California wealth tax 'an asset seizure,' says it's 'not a one-time, it's a first time'

AI czar David Sacks Alex Brandon/AP White House AI czar David Sacks criticized the possibility of a California wealth tax. If the tax is ultimately approved, he said it will be "the beginning of s...

3dBusiness InsiderPoliticsImpact

Inside the relationship of Vice President JD Vance and second lady Usha Vance, who are expecting their fourth child

Republican vice presidential candidate Sen. JD Vance, R-Ohio, and his wife Usha Vance arrive to speak at a campaign rally, Saturday, July 27, 2024, in St. Cloud, Minn. Alex Brandon/AP JD Vance, Donald...

4dBusiness 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

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...

1dBusiness 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...

3hBusiness InsiderPoliticsImpact

Trump's sweeping proposals for credit cards and student debt could be a big deal for other lenders

Proposed policy changes could lead more consumers to turn to private or personal loans. Tatiana Maksimova/Getty Images New caps on student-loan borrowing could prompt more Americans to turn to private...

Jan 14Business InsidereconomicsImpact

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...

1dBusiness 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...

3dBusiness 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

The roaring revival of the V8 engine

US automakers are bringing back their gas-churning V8 engines as federal regulators relax climate rules. Brandon Bell/Getty Images Car companies have been re-launching powerful V8 engines that were pr...

2hBusiness InsiderautomotiveImpact
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