Democrats grill Bessent at House oversight hearing: ‘Stop covering for the president’

Democrats grill Bessent at House oversight hearing: ‘Stop covering for the president’

Treasury Secretary Scott Bessent sparred with Democratic members of the House Financial Services Committee on Wednesday, with one calling him a “flunky” for failing to criticize investment from United Arab Emirates officials in the Trump family’s cryptocurrency venture. Rep. Gregory Meeks, D-N.Y., probed Bessent on alleged conflicts of interest and lack of transparency related to … Read more

From Bill Gates to Emmanuel Macron: How the world’s most powerful people communicate and exert influence

From Bill Gates to Emmanuel Macron: How the world’s most powerful people communicate and exert influence

French President Emmanuel Macron, wearing sunglasses, speaks during a meeting on the institutional future of New Caledonia at the Elysee Palace in Paris, France, Jan. 16, 2026. Yoan Valat | Via Reuters Every January, the world’s most powerful people gather on the snowy peaks of Davos to talk about the most pressing global issues, and … Read more

I spent the week with tech CEOs. Here’s what they’re talking about

I spent the week with tech CEOs. Here’s what they’re talking about

Fabricio Bloisi, chief executive officer of Prosus NV, during a Bloomberg Television interview at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 23, 2025. The annual Davos gathering of political leaders, top executives and celebrities runs from January 20 to 24. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty … Read more

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

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 | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according … Read more

Trump signed his Gaza ‘Board of Peace’ into being. Here’s who’s on it — and who isn’t

Trump signed his Gaza ‘Board of Peace’ into being. Here’s who’s on it — and who isn’t

U.S. President Donald Trump was surrounded by world leaders as he declared the war in Gaza was “really coming to an end” at a signing ceremony for his “Board of Peace” for the territory. But many countries are not represented, and Trump singled out Spain for criticism on its defense spending from the podium, saying … Read more

Trump sues Jamie Dimon, JPMorgan Chase over debanking the suit calls ‘political’

Trump sues Jamie Dimon, JPMorgan Chase over debanking the suit calls ‘political’

President Donald Trump sued JPMorgan Chase and its CEO, Jamie Dimon, on Thursday for closing accounts belonging to Trump and related entities in early 2021, in what the lawsuit calls political actions. The closures came on the heels of the Jan. 6, 2021, riot by Trump supporters at the U.S. Capitol, and Trump exiting the … Read more

Jamie Dimon issues rare CEO criticism of Trump’s immigration policy: ‘I don’t like what I’m seeing’

Jamie Dimon issues rare CEO criticism of Trump’s immigration policy: ‘I don’t like what I’m seeing’

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the 2025 IIF annual membership meeting in Washington, Oct. 16, 2025. Samuel Corum | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Wednesday that he disagreed with President Donald Trump’s approach to immigration, offering a rare public rebuke by a U.S. corporate … Read more

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

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 social media post this month ordering banks to voluntarily lower their rates. “I’m asking Congress to cap credit card interest rates at 10% for one year, and this will help millions of Americans save for … Read more

Trump threatens to sue JPMorgan Chase for ‘debanking’ him

Trump threatens to sue JPMorgan Chase for ‘debanking’ him

Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | Reuters President Donald Trump on Saturday threatened to sue JPMorgan Chase over allegedly “debanking” him following the Jan. 6, 2021, riot at the U.S. Capitol. … Read more

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

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

Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as … Read more