Category: Economy, Finance and Market News

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Consumer Financial Protection Bureau Reduces Credit Card Late Fees, Prompting Controversy

Consumer Financial Protection Bureau Reduces Credit Card Late Fees, Prompting Controversy

Consumer Financial Protection Bureau Director Rohit Chopra said the new rule would save consumers $10 billion a year. | Michael A. McCoy/Getty Images [...]
White House Expands Student Debt Cancellation Plans in Bid for Broader Relief

White House Expands Student Debt Cancellation Plans in Bid for Broader Relief

President Joe Biden's administration is moving to automatically cancel student debt for Americans experiencing "hardship," a category of borrowers th [...]
Oil prices dip, with signals mixed on crude supply outlook

Oil prices dip, with signals mixed on crude supply outlook

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily [...]
The Trump and Biden Years: A Closer Look at Farm Support and Income Impact

The Trump and Biden Years: A Closer Look at Farm Support and Income Impact

POLITICO illustration/Photos by Getty Images, iStock Former President Donald Trump and President Joe Biden, often seen as political adversaries, s [...]
Azerbaijan’s Choice of Former Oil Executive to Lead UN Climate Talks Sparks Debate

Azerbaijan’s Choice of Former Oil Executive to Lead UN Climate Talks Sparks Debate

Mukhtar Babayev, the ecology and natural resources minister of Azerbaijan, was selected to lead the U.N. climate talks later this year. | Rafiq Maqbo [...]
Oil jumps 3% amid attacks on ships in the Red Sea, rate cut hopes

Oil jumps 3% amid attacks on ships in the Red Sea, rate cut hopes

A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/file photo [...]
House Republicans’ SNAP Proposal Raises Concerns in Hispanic-Majority Districts

House Republicans’ SNAP Proposal Raises Concerns in Hispanic-Majority Districts

Graphic by Paroma Soni/POLITICO House Republicans are facing criticism for their push to reform the Supplemental Nutrition Assistance Program (SNA [...]
Shipping industry in the dark over US-led Red Sea navy force

Shipping industry in the dark over US-led Red Sea navy force

A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt, July 25, 2015. REUTERS/Stringer/File Photo Shipping companies are r [...]
US launches Red Sea force as ships reroute to avoid attacks

US launches Red Sea force as ships reroute to avoid attacks

The U.S. Navy destroyer USS Carney sets sail in the Bosphorus in Istanbul, Turkey, July 14, 2019. Yoruk Isik/Reuters, FILE On Tuesday, the [...]
Suez disruption: a new inflation risk on the horizon

Suez disruption: a new inflation risk on the horizon

A general view of the Suez Canal is seen from Al Salam "Peace" bridge on the Ismalia desert road before the opening ceremony of the New Suez Cana [...]
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