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Americans' Wealth: Current Thresholds and Future Outlook
18 hours ago•Source: Yahoo Finance
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5.585 min•1 day ago
Trump Proposes One-Year 10% Cap on Credit Card Rates
President Trump proposed a one-year cap of 10% on credit card interest rates, targeting a highly profitable banking sector, but industry groups warn this could significantly reduce credit availability and harm consumers, especially riskier borrowers. The move has sparked debate over the impact on banks' profitability and consumer access to credit, with potential adjustments including higher fees and reduced rewards. The proposal faces resistance from banking trade groups and lawmakers, amid ongoing discussions about regulating interest rates.
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Trump's $200 Billion Mortgage Bond Purchase Aims to Lower Housing Costs
Yahoo Finance•2 days ago
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Goldman Sachs Optimistic on US Stocks Despite Valuation Risks
Goldman Sachs•2 days ago
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Data Contradicts Dave Ramsey on Optimal Social Security Claiming Age
Originally Published 2 days ago — by Yahoo Finance
Research shows that following Dave Ramsey's advice to claim Social Security at 62 is financially disadvantageous, as it results in significantly lower benefits compared to delaying until 70, which increases benefits by 24%. Early claiming incurs penalties that reduce monthly benefits by 30%, making it a costly mistake for most retirees.
Dollar Rises Amid Trump Turmoil and Fed Outlook
Originally Published 2 days ago — by Yahoo Finance
Despite geopolitical turmoil and President Trump's aggressive actions, the US dollar has remained resilient, reaching a one-month high due to strong job market data and doubts about the extent of upcoming Federal Reserve interest rate cuts, highlighting the unpredictable nature of markets in the Trump era.
Treasury Yields Fluctuate Amid Mixed Jobs Data
Originally Published 3 days ago — by CNBC
U.S. Treasury yields increased ahead of the key jobs report, with investors monitoring economic data and geopolitical events. The upcoming nonfarm payrolls report is expected to show job growth, influencing Federal Reserve decisions. Initial jobless claims were slightly below estimates, and markets remain cautious amid ongoing geopolitical concerns.
Wall Street Hits New Highs Amid Tech and AI Gains
Originally Published 5 days ago — by CNBC
Stock futures are nearly unchanged after the S&P 500 and Dow hit new highs, with the market reacting positively to recent geopolitical events and strong earnings, while geopolitical tensions and potential military actions remain a concern for future market stability.
Navigating Geopolitical and Market Shifts in 2023
Originally Published 5 days ago — by CNBC
In response to the unprecedented events in Venezuela involving U.S. military actions and political charges, investors are advised to consider safe-haven assets like gold and cash, monitor oil prices and oil company stocks, but generally maintain a long-term, steady investment approach without making drastic changes.
2026 Tax Season: Key Updates, Deadlines, and Potential Refund Boosts
Originally Published 5 days ago — by IRS (.gov)
The IRS advises taxpayers to prepare early for the 2026 filing season by reviewing new tax laws, using online accounts, opting for direct deposit, and reporting income from digital assets and online sales to ensure a smooth tax filing process.
Dollar Fluctuates Amid Global Economic and Political Shifts
Originally Published 5 days ago — by Reuters
The US dollar edged higher against major currencies amid mixed signals on Federal Reserve interest rate policy, with some officials advocating for aggressive cuts and others emphasizing data-driven adjustments. Currency markets showed limited impact from recent geopolitical tensions, while the euro and pound experienced slight declines following softer inflation data in Europe and the UK. The Australian dollar reached over a one-year high, reflecting positive global sentiment, and overall market movements remained subdued amid ongoing economic data releases.
Wall Street's Top Analyst Picks and Downgrades for Tech and Digital Firms
Originally Published 5 days ago — by Yahoo Finance
Wall Street analysts have issued a series of upgrades and downgrades for various companies, with notable upgrades for Medtronic, Saia, Allegiant Travel, Stryker, and Brinker, and downgrades for Shopify, Chevron, Exxon Mobil, Halliburton, Phillips 66, Lennar, D.R. Horton, and Wells Fargo, reflecting changing market sentiments and outlooks for 2026.
Nvidia Unveils New AI Chips and Collaborations at CES 2026
Originally Published 5 days ago — by Investor's Business Daily
Dow Jones futures and major indices are slightly higher ahead of the market open, with key tech stocks like AMD, Apple, Palantir, Nvidia, and Tesla showing mixed movements. Nvidia announced a new AI chip, boosting its stock, while other stocks like AMD and Apple declined. The market is awaiting key economic data, including the December jobs report, as Wall Street watches for further cues. Nvidia's new AI processor and CEO Jensen Huang's speech could drive future gains, amid ongoing market rally conditions.
Hurry: Earn a $250 Amazon Gift Card Bonus Before It Ends
Originally Published 6 days ago — by CNBC
The Amazon Prime Visa is offering a $250 Amazon gift card bonus upon approval, which ends on January 8, 2026. The card provides various cash back rewards and travel protections, but requires a Prime membership for the best bonus. Alternatives like the Amazon Visa or flat-rate cards are also discussed. This is a limited-time opportunity to maximize rewards with minimal hassle.