U.S. President Trump has expressed interest in acquiring Greenland, citing strategic and resource benefits, but experts warn that military force would risk NATO's stability and Greenlanders oppose U.S. control, favoring diplomacy and existing agreements instead.
The article discusses concerns among investors about former President Trump's policies and actions that threaten the US defense industry, potentially affecting national security and market stability.
President Trump advocates for a one-year, 10% cap on credit card interest rates, aiming to save Americans billions, but faces opposition from banks and industry groups who argue it could harm high-risk borrowers and reduce credit availability. Legislation supporting the cap is being considered, with some experts suggesting it could significantly lower interest costs for consumers.
Historically, after consecutive years of strong gains like those seen during Trump's presidency, the stock market has often experienced significant declines or crashes, suggesting a potential downturn in 2026 despite recent record highs.
Greenland's party leaders have rejected U.S. President Trump's repeated calls for the U.S. to take control of Greenland, emphasizing that the island's future should be decided by its own people. The leaders condemned Trump's remarks and reiterated Greenland's desire for independence, while discussions continue among Greenland, Denmark, and the U.S. amid concerns about NATO and regional security.
Amidst global upheaval, Canada's fears of U.S. aggression have intensified due to Trump's threats towards Venezuela and Greenland, raising concerns over Canadian sovereignty and security, with experts advising increased civil defense and strategic preparedness.
The Norwegian Nobel Institute confirmed that the Nobel Peace Prize cannot be transferred, shared, or revoked, following Venezuelan opposition leader María Corina Machado's suggestion she might give her 2025 award to U.S. President Donald Trump, emphasizing the finality of the award as per Nobel Foundation statutes.
The Washington National Opera announced it will leave the Kennedy Center due to financial constraints and changes in management under President Trump's influence, seeking to operate independently and move performances to other venues.
Donald Trump announced a one-year plan to cap credit card interest rates at 10%, sparking mixed reactions from lawmakers, financial institutions, and critics, with concerns about implementation and potential impacts on credit availability.
President Trump declared a national emergency to protect Venezuelan oil revenue held by the U.S. from seizure by private creditors, citing national security and regional stability concerns, and plans to manage Venezuelan oil sales and revenue indefinitely to counter malign actors and stabilize Venezuela.
President Trump advocates for a one-year, 10% cap on credit card interest rates, aiming to save Americans billions, but faces opposition from the banking industry and lawmakers, with potential legislative support from some Republicans.
President Trump has proposed a one-year cap of 10% on credit card interest rates, aiming to reduce consumer costs, but financial institutions criticize the move, arguing it could limit access to credit.
The article discusses how President Trump is increasingly intervening in private sector decisions, pressuring companies on issues like defense spending, oil investments in Venezuela, and housing policies, which has caused concern among CEOs and altered traditional Republican business policies. Despite pushback from some businesses and lawmakers, Trump continues to seek influence over corporate actions, blending deregulation with populist interventions as he seeks political gains ahead of midterm elections.
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.
Bill Ackman criticized President Trump's proposal for a one-year 10% cap on credit card interest rates, warning it could lead to widespread credit card cancellations and push consumers toward higher-cost loans. Ackman acknowledged the goal of reducing rates is important but argued that making the market more competitive and fostering new entrants would be a better approach. The proposal would require congressional approval, and its implementation remains uncertain.