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

Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week....

Novo Nordisk shares rise 8% after Wegovy obesity pill has 'solid' launch

The early data is a boost to the Danish drugmaker's hopes of winning back more market share from Eli Lilly in the obesity drug space. ...

Trump's proposed ban on buying single-family homes introduces uncertainty for family offices

Wall Street landlords are the primary target of Trump's proposed ban, but investment firms of the ultra rich could get caught in the crosshairs....

College students and teens could be fueling the prediction markets boom

Where sports betting is legal, it's often limited to those 21 years or older. Kalshi and Polymarket are open to anyone 18 or older, with some exceptions....

Trump unveils health-care plan outline as Congress wrestles over Obamacare subsidies

Trump urged Congress, which is grappling over an extension of key ACA tax credits, to pass "The Great Healthcare Plan" without delay....

Amazon threatens 'drastic' action after Saks bankruptcy, says $475M stake is now worthless

Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors....

NBCUniversal strategically leans into sports as it prepares for 'Legendary February'

NBCUniversal's calling card used to be "Must See TV," but the modern media world has pushed the company in a new direction, led by live sports....

How Saks' acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster'

Saks used $2.2 billion in junk bonds to buy Neiman Marcus, but didn't have enough money left over to pay vendors, which led the company to declare bankruptcy. ...

Goldman Sachs tops profit estimates as equities, asset and wealth management outperform

Goldman's revenue dipped 3% in Q4, which the company said was the result of off-loading the Apple Card loan portfolio to JPMorgan Chase....

How the Buffett family plans to give away more than $150 billion

In a rare interview, the three Buffett heirs said their world view, priorities and approach to philanthropy began in the Buffett household. ...