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JPMorgan says Trump’s credit card cap would hurt consumers and the economy

Editor January 14, 2026 6 minutes read
Gold dominated 2025 – and 2026 looks to continue
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JPMorgan says Trump’s credit card cap would hurt consumers and the economy

Jan 13 (Reuters) – Top JPMorgan executives including CEO Jamie Dimon warned President Donald Trump’s proposed 10% cap on credit card interest rates would severely hurt consumers, adding their voices to growing industry pushback. Trump, who is under pressure to address voters’ cost of living concerns ahead …

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Gold dominated 2025 – and 2026 looks to continue [sponsor]
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US healthcare spending soars to over $5 trillion in 2024

CMS said healthcare spending accounted for 18% of U.S. gross domestic product in 2024, up from 17.7% in 2023 and outpacing U.S. economic growth. The agency oversees Medicare plans for people aged 65 and older or with disabilities, and Medicaid for low-income Americans. Spending on government administration in …

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Trump’s greenlight for Nvidia AI chips to China draws fire from lawmakers, former officials

WASHINGTON, Jan 14 (Reuters) – U.S. lawmakers and former officials on Wednesday questioned President Donald Trump’s decision to allow Nvidia to sell its second most powerful AI chips in China, arguing the move erodes America’s AI edge and threatens to electrify Beijing’s military.The Trump administration on T …

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The Venezuelan blockade gave America total control over the world’s largest oil reserves. And now, Trump’s potential “Arctic Squeeze” could lock down the rare earth minerals required for every battery, chip, and missile on earth. As Greenland’s annexation is (likely) being negotiated right now, the window to position your portfolio is closing. Click here to prepare for the Arctic Boom.

Volkswagen’s fourth-quarter deliveries decline as Chinese, US demand softens

Jan 12 (Reuters) – German carmaker Volkswagen saw a 4.9% decline in vehicle deliveries in the fourth quarter of 2025, driven by lower demand in North America and China, the company said on Monday.The company delivered 2.38 million vehicles in the quarter, compared with 2.50 million units the same period a yea …

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U.S. Bancorp deepens capital markets presence with up to $1 billion BTIG buy

Jan 13 (Reuters) – U.S. Bancorp said on Tuesday it would buy Wall Street brokerage BTIG for up to $1 billion in cash and stock, snapping up a partner to bolster its capital markets presence.The deal will help the lender tap into BTIG’s strengths in investment banking, institutional sales and trading, research …

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  • JPMorgan says Trump’s credit card cap would hurt consumers and the economy
  • U.S. Bancorp deepens capital markets presence with up to $1 billion BTIG buy
  • Volkswagen’s fourth-quarter deliveries decline as Chinese, US demand softens
  • Trump’s greenlight for Nvidia AI chips to China draws fire from lawmakers, former officials
  • US healthcare spending soars to over $5 trillion in 2024

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