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President Donald Trump has been lobbying for a 10% cap on credit card interest rates.
But according to Sen. Elizabeth Warren, Trump’s own administration has been undermining what the president has characterized as a push to improve affordability, CNBC reported Friday (Jan. 23).
In a letter obtained by the network from Warren, D-Mass., to Russell Vought, acting head of the Consumer...
When it comes to retail store openings, 2026 could be a mixed bag.
Net closings are expected this year for the luxury and department store sectors, Retail Dive reported last week, citing data from the Telsey Advisory Group. At the same time, store count for at-home retailers is expected to climb 1.4% this year, with the largest increases happening in off-price, apparel and beauty.
The...
Delivery companies have reportedly lost their bid to halt New York City’s new tipping law.
Uber and DoorDash had asked a judge for an injunction to block the new law, which requires food delivery apps to offer customers the option to tip delivery workers, Reuters reported Friday (Jan. 23).
According to the report, U.S. District Judge George Daniels in Manhattan said the companies did...
Federal regulators have dropped a lawsuit against cryptocurrency exchange Gemini.
In a court filing Friday (Jan. 23), the Securities and Exchange Commission (SEC) asked a judge to dismiss the suit, stemming from the collapse of an investment product known as Gemini Earn.
The SEC argued that Gemini had settled a 2023 lawsuit brought by the state of New York, which had accused the...
Your phone has been hogging the spotlight for years. Now your jacket wants a speaking role, preferably mic’d up and artificial intelligence-assisted.
Wearables have become a serious product category because they live where behavior happens: on your body. That makes them ideal for passive health signals, payments, authentication, and increasingly ambient AI that can capture context in...
The Justice Department reportedly told a judge Friday (Jan. 23) that Live Nation kept concerts that it promotes away from venues that stopped using its business unit Ticketmaster as a ticket seller.
The government cited this as a reason why Live Nation should be broken up, Bloomberg reported Friday. The government sued the company in 2024, alleging that it operates an illegal monopoly...
Banco Santander was reportedly fined 40 million euros ($47 million) by a Spanish regulator due to past deficiencies in internal processes in Spain at its digital unit Openbank.
The fine was imposed by Spain’s anti-money laundering watchdog known as Sepblac, Bloomberg reported Friday (Jan. 23), citing unnamed sources.
Asked about the report by Bloomberg, a Santander spokesperson...
Comptroller of the Currency Jonathan Gould reportedly said that the Office of the Comptroller of the Currency’s (OCC) work to relax leveraged-loan rules for banks will reduce the regulatory burden on those lenders and help them compete with the private credit industry.
Gould included these comments in a letter to Sen. Elizabeth Warren, who had asked the OCC and other banking regulators...
Saks Global’s eCommerce unit, Saks OFF 5th Digital, gained a court’s permission to hire a liquidator and sell its inventory amid its bankruptcy, Bloomberg reported Friday (Jan. 23).
The unit is being run by independent managers, and the court’s decision does not affect Saks Global’s brick-and-mortar stores, according to the report.
Those locations, including Saks Fifth Avenue, Neiman...
The U.S. Department of Health and Human Services’ Advanced Research Projects Agency for Health (ARPA-H) is seeking proposals for a multiyear initiative to spur the development and approval of agentic artificial intelligence systems capable of performing clinical tasks previously limited to clinicians.
The program, called Agentic AI-Enabled Cardiovascular Care Transformation (ADVOCATE...