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How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

Business leaders like Klarna's CEO support Trump's credit card cap proposal, while major banks and investors warn of risks. BRENDAN SMIALOWSKI/AFP via Getty Images Donald Trump proposes a 10% cap on c...

2hBusiness InsiderPoliticsImpact

Alibaba reaffirms open-source AI commitment as tech giant hails Qwen achievements

Alibaba Group Holding’s artificial intelligence strategy is defined by a commitment to open-source models, the company said on Tuesday, following a year of soaring adoption for its suite of AI service...

23hSouth China Morning PostTechnology

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday. CFO Jeremy Barnum discussed how reduced interest ...

23hBusiness InsidereconomicsImpact

Hong Kong corporate governance activist David Webb dies at 60

David Webb, the corporate governance activist renowned for his free public database and his explosive “Enigma Network” exposé that rocked the Hong Kong stock exchange, has died aged 60 of metastatic p...

1dSouth China Morning PosteconomicsImpact

Microsoft explains how it plans to keep energy prices down for Americans from its data center buildout

Donald Trump and Microsoft CEO Satya Nadella. Chip Somodevilla/Getty Images Microsoft unveiled a five-point plan to reduce AI data center impact on US communities. The company aims to reduce rising ut...

22hBusiness InsiderTechnologyImpact

Trump's sweeping proposals for credit cards and student debt could be a big deal for other lenders

Proposed policy changes could lead more consumers to turn to private or personal loans. Tatiana Maksimova/Getty Images New caps on student-loan borrowing could prompt more Americans to turn to private...

2hBusiness InsidereconomicsImpact

Uber and DoorDash delivery workers missed $550 million worth of tips in New York City, a city report estimates

Changes to how customers tip on Uber Eats and DoorDash have led to lower earnings for gig workers, according to a report from New York City. Artur Widak/NurPhoto via Getty Images Uber Eats and DoorDas...

18hBusiness InsidereconomicsImpact

As Vietnam’s US trade surplus overtakes China, Trump replaces envoy to fix ‘imbalance’

The Trump administration plans to ‌replace the US ambassador to Vietnam with a nominee set on addressing “imbalanced” trade relations, as Hanoi’s goods trade surplus ‍with Washington surpassed China’s...

1dSouth China Morning PostPoliticsImpact

Can Europe rebuild its strength to trade with China without fear?

China and the European Union began 2026 with another trade clash. As the EU’s Carbon Border Adjustment Mechanism entered its definitive phase, Brussels tightened compliance and Beijing warned of count...

1dSouth China Morning Posteconomics

The world's central bankers are rallying around Fed chair Jerome Powell in his fight with Trump

Powell typically abstains from directly engaging with Trump's personal attacks. Al Drago/Getty Images The world's most senior bankers have rallied around embattled Federal Reserve Chair Jerome Powell....

1dBusiness InsiderPoliticsImpact

McKinsey challenges graduates to use AI chatbot in recruitment overhaul

Candidates in pilot assessed on how they prompted consulting firm’s AI assistant and ability to adapt responses...

8hFinancial TimesTechnology

Prediction market volume hits record $702M despite recent scrutiny

Prediction market Kalshi dominated trading volumes on Monday, accounting for two-thirds of the $701.7 million tally....

8hCoinTelegrapheconomicsImpact

Tricolor executives plead not guilty to charges stemming from collapse

CEO and chief operating officer of subprime auto lender and retailer stand accused of misleading creditors on collateral...

17hFinancial Timeseconomics

Economic pressure could hurt Iran more than a military strike

A struggling currency sparked the protests and Trump’s new tariffs on Tehran’s trade partners will only increase the pain...

22hFinancial TimesPoliticsImpact

Strive, Semler Stocks Fall After Shareholders Approve Bitcoin Treasury Acquisition

Semler Scientific shareholders approved Strive's acquisition in an all-stock deal, but both Bitcoin treasury stocks dropped on the news....

16hDecrypteconomicsImpact

Thailand’s election turns into a cash splash contest to win votes

Thailand’s election season has triggered a dizzying array of cash giveaway offers from parties vying for votes, from a US$2,000 payment for newborns to debt write-offs and US$100 monthly top-ups for t...

1dSouth China Morning PostPoliticsImpact

China records US$1.19 trillion trade surplus in 2025 as exports jump 5.5%

China’s exports defied a turbulent year of trade tensions to perform better than expected in 2025, cementing a record US$1.19 trillion annual surplus as manufacturers diversified markets to offset a s...

9hSouth China Morning PosteconomicsImpact

Why Ethereum Could Be Ready to Outperform Bitcoin in 2026

Ethereum could narrow its performance gap with Bitcoin in 2026 as capital rotates and on-chain activity improves, Decrypt was told....

7hDecryptcryptocurrencyImpact

Crypto-friendly Old Glory Bank plans Nasdaq listing through SPAC

The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, subject to shareholder and regulatory approvals....

15hCoinTelegrapheconomicsImpact

Why AI is becoming the hottest cost-cutting tool in corporate legal departments

Getty Images; Tyler Le/BI In-house legal teams are moving faster with artificial intelligence. Teams now have access to tools that draft legal documents and compare terms across deals. The efficiency ...

3hBusiness InsiderTechnology
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