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9h ago

Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts

Bankrupt home goods chain Big Lots raised its APR by 6 percentage points from 29.99% to 35.99% — the largest increase out of the retailers reviewed by Bankrate.
A T. J. Maxx store on February 28, 2024 in Chicago, Illinois.
A T. J. Maxx store on February 28, 2024 in Chicago, Illinois.

Jaguar reveals glossy rebrand that features no cars and confuses the internet

The storied auto group is attempting an ultra-modern, ultra-luxury relaunch after years of flagging sales.
A still from the new Jaguar rebrand.
A still from the new Jaguar rebrand.

Trump's tariffs could raise the cost of generic drugs in the U.S.

Generic drugs make up the majority of prescriptions filled in the U.S.
Trump Campaign
Trump Campaign
1d ago

Trump and Fed Chair Powell could be set on a collision course over interest rates

Should the economy run hot and inflation flare up again, Powell and his colleagues could decide to tap the brakes on their efforts to lower interest rates.
Donald Trump and Jerome Powell
Donald Trump and Jerome Powell

Most workers worry Social Security won't pay out future benefits. Here’s what advisors say.

81% of working baby boomers and 82% of Gen Xers say they are worried they may not receive their benefits at retirement age if Social Security funds are depleted.
Rear view on Senior couple sitting on park bench in autumn
Rear view on Senior couple sitting on park bench in autumn

SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

Trump has signaled he wants an agency chief who favors friendlier relations with Wall Street and the cryptocurrency community.
Image: Gary Gensler, Chair of the U.S. Securities and Exchange Commission
Image: Gary Gensler, Chair of the U.S. Securities and Exchange Commission

Home sales surged in October, just before mortgage rates jumped

Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units.
A window with a "SOLD" sign.
A window with a "SOLD" sign.

CFPB expands oversight of digital payments services including Apple Pay and Cash App

Seven nonbanks will get closer scrutiny, including payments services from Apple, Google and Amazon and fintech firms including PayPal and Block.
Rohit Chopra.
Rohit Chopra.
2d ago

Archegos' Bill Hwang sentenced to 18 years in prison for massive U.S. fraud

“The amount of losses that were caused by your conduct are larger than any other losses I have dealt with,” the judge said.
Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud
Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud
2d ago

DOJ calls for breakup of Google and sale of Chrome

The request is the Justice Department’s most aggressive attempt to break up a tech company since its antitrust case against Microsoft, which was settled in 2001.
The Google Bay View campus in Mountain View, Calif.
The Google Bay View campus in Mountain View, Calif.

India's 2nd-wealthiest person charged by U.S. in $250 million bribery scheme

Gautam Adani, who is believed to be worth about $70 billion, denied allegations that he bribed Indian officials and then lied about it to U.S. investors.
Side profile of Gautam Adani
Side profile of Gautam Adani

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