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Finance

American Express, credit card provider to the wealthy, wants even more high spenders

American Express announces the new platinum business card. Courtesy: American Express American Express is finding that even for a provider

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Finance

DoubleLine’s Jeffrey Gundlach sees no more Fed rate cuts under Jerome Powell

DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects the Federal Reserve to stay on hold for the remainder of

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Business

JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee ‘Trump

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks at the US Chamber of Commerce in Washington, Jan.

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Economy

Wealth inequality and the ‘K-shaped’ economy are more striking than ever, data shows

The gap between the best and worse off Americans is growing — and economists don’t see an end in sight.

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Business

Sen. Warren blasts CFPB director for undermining Trump’s credit card affordability push

U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt

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Finance

Berkshire prepares to exit 28% stake in Kraft Heinz as new CEO aims to move on from rare

Warren Buffett, Greg Abel and Ajit Jain during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3,

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Business

Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise

President Donald Trump on Wednesday urged U.S. lawmakers to pass legislation to limit credit card rates to 10%, following his

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Finance

Ray Dalio warns that ‘capital wars’ could follow Trump’s actions, with countries dumping

Billionaire investor Ray Dalio warned Tuesday that President Donald Trump’s aggressive political direction could spark a new phase of global financial

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Finance

Hassett pivots to possible ‘Trump cards’ amid credit card interest rate battle with banks

Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington,

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