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Citi CFO says a credit card cap would have a 'deleterious' impact on the economy

Citi reported fourth-quarter earnings on Thursday. Mike Kemp/In Pictures via Getty Images Citi's CFO Mark Mason said Trump's proposed credit card cap would have a 'deleterious' impact on the economy. ...

Jan 14Business InsidereconomicsImpact

China, Russia conclude BRICS+ naval drills in South Africa amid controversy

China and Russia concluded a week of joint naval exercises in South African waters on Friday, described by the host country as a BRICS Plus operation aimed at “ensuring the safety of shipping and mari...

2dFrance 24PoliticsImpact

Bilt unveils credit cards with 10% interest rate for first year after Trump calls for cap

Bilt Rewards CEO Ankur Jain Taylor Hill/Getty Images Trump has called for a 10% cap on credit card interest rates. Bilt is rolling out a new suite of 3 credit cards offering 10% interest for the first...

Jan 14Business InsidereconomicsImpact

Inside the failed 2020 coup in Venezuela that resulted in the capture of ex-US Special Forces

The recent capture of Venezuelan president Nicolás Maduro by American forces recalls a botched 2020 coup attempt that resulted in the imprisonment of two former US Army Green Berets. Since then, there...

6dBusiness InsiderPoliticsImpact

AOC and Paris Hilton team up on a bill targeting AI deepfake porn

Paris Hilton and AOC at an event supporting the DEFIANCE Act, a bill that would create a civil right of action allowing victims of AI-generated deepfake porn to sue the creators and distributors of th...

2hBusiness 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

Vintage photos show American life under Trump's tariff hero, William McKinley

The turn of the century saw a rise in labor movements as industry grew largely unregulated. Bettmann/Getty Images Trump has credited a 19th-century US president for inspiring his aggressive approach t...

10hBusiness InsiderPoliticsImpact

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