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News at marketwatch.com

Thursday, Sep 19

23

Trump’s cap for credit-card interest rates wouldn’t pass Congress, analyst says

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Republican presidential nominee Donald Trump on Wednesday promised to cap interest rates for credit cards, but a veteran analyst predicts the plan wouldn’t get the congressional approval that it needs to become reality.

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Trump proposes credit-card interest caps, but smart money still views him as bank-friendly

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The analyst community isn’t taking the former president’s proposal too seriously, and is instead looking at Trump’s bank-friendly term as a guide for how investors should play a possible second Trump term.

19

Leading index for U.S. economy falls for sixth straight month, signaling slower growth ahead

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The leading indicators for the U.S. economy sank 0.2% in August, the privately run Conference Board said Thursday. That is the sixth straight monthly decline.

Mortgage rates fall to lowest level in two years: Here’s how much money you need to buy a $400,000 home

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The 30-year mortgage rate is averaging 6.09%, Freddie Mac said in its latest weekly survey on Thursday.

12

Harris has closed the gap with Trump on who would handle the economy better, new report says

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Democratic presidential nominee Kamala Harris has caught up to Republican rival Donald Trump on the question of which of them is more trusted when it comes to handling the U.S. economy, according to a new Morning Consult report.

Wednesday, Sep 18

21

Fraud factor: How a con man stole millions in a payroll-lending scheme to buy Bentleys, plastic surgery and a cafe

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Mickey Lee Wagner found a loophole in how factoring companies work and used it to steal $5 million. After he was indicted, the feds say he did it again. Now he’s going to prison.

20

Trump social-media stock ‘DJT’ slides nearly 3% after CNBC poll finds Harris defeating Trump in November

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Trump Media’s stock has been mostly trending lower since mid-July.

15

Bank of England’s rate cutting on hold after air fares take off

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The Bank of England unlikely to join peers in cutting rates this month as it’s stymied by stubborn service sector inflation.

Tuesday, Sep 17

00

Richard Branson, business leaders renew call to end ‘inhumane’ death penalty ahead of scheduled executions

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In a new video campaign, the Virgin Galactic founder called on business leaders to “be a voice for change” and sign the Business Leaders’ Declaration Against the Death Penalty.

23

Inflation hangs over the Fed as it prepares to cut interest rates

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The challenge: Keep interest rates low enough for the U.S. economy to expand, but not so low as to overheat labor markets.

22

Harris’s $25K for home buyers would lift prices, but her housing plan has advantages, economist says

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Critics of Kamala Harris’s proposal to give $25,000 to first-time home buyers say it would boost demand and drive prices higher, and one economist who has studied such subsidies agrees. The economist also praises other aspects of the…

Trump floats nixing the SALT cap. Voters in these 6 states would benefit the most.

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The cap on state and local tax deductions was a centerpiece of the former president’s 2017 tax-reform law.

We have $1 million in high-yield savings and CDs set aside to buy a house. Should we move our money if the Fed cuts rates?

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We have a lot of cash on hand for a specific purpose, but we won’t be able to live off the income if interest rates drop.

20

Donald Trump could sell his ‘DJT’ stock after saying he won’t — but that might spark lawsuits

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Donald Trump registered his shares for potential sale in April, but the GOP presidential nominee said last week won’t sell when lockup provision ends as early as Friday.

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Corporate M&A activity expected to rise for the first time since 2021: EY

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Artificial intelligence and lower interest rates will boost deals of $100 million or more after drops in 2023 and 2022, EY says.

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Monday, Sep 16

23

Tupperware is preparing to file for bankruptcy protection, Bloomberg reports

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Tupperware Brands Corp. is planning to file for bankruptcy protection, after the food-storage and kitchenware brand broke the terms of its debt following years of struggles with competition, Bloomberg reported on Monday.

Trump crypto project: Why there’s ‘enormous potential downside’ for the campaign

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Donald Trump’s family is preparing to launch a new crypto project on Monday evening, and while many digital-asset boosters are cheering the venture as further evidence of the former president’s dedication to crypto, several supporters…

15

Icahn Enterprises says class-action suit following report by short seller Hindenburg Research has been thrown out

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Activist shareholder and billionaire Carl Icahn was taking somewhat of a victory lap Monday, after a judge dismissed a proposed class-action lawsuit against his company, finding it did not make material misrepresentations or omissions as…

14

Stock-market reaction up for debate as bets on a big Fed rate cut refuse to die

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Strategists disagree over whether a jumbo rate cut would soothe or stoke recession fears.

Saturday, Sep 14

20

Retire out West? No, thanks. Wildfires kill 10,000 seniors prematurely every year.

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Add that to the reasons I’m not retiring to California, where the Bridge Fire has burned more than 51,000 acres.

17

Prefer a presidential race that isn’t just Democrat vs. Republican? Take it up with the Electoral College.

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Sharon McMahon — “America’s government teacher” — says the Electoral College doesn’t give third-party U.S. presidential candidates a real chance. The Framers, she says, would be aghast.

15

Why Trump’s latest tax-relief plan for workers isn’t as good as it sounds

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Critics say Trump’s proposal for overtime pay could cost at least $227 billion in missed income-tax revenue over a decade.

01

What traders are saying about new election-betting rules: ‘I can put money on the candidate I don’t want to win’

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Just hours after it began, legal betting on the outcome of U.S. Congressional elections was put on hold by a federal appeals court.

Friday, Sep 13

22

Trump social-media stock ‘DJT’ soars as former president says he won’t sell when lockup period ends

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Shares of Trump Media & Technology Group Corp. jumped Friday after Republican presidential nominee Donald Trump said he didn’t plan to sell his stake in the company when a lockup period ends later this month.

17

Temu parent PDD’s stock falls as Biden administration goes after trade loophole

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The Biden-Harris administration has announced it’s proposing to take regulatory actions to cut down on what it describes as “overuse and abuse” of a trade loophole, with senior administration officials saying they’re concerned about how e…

Thursday, Sep 12

00

Bitcoin may rally regardless of whether Trump or Harris wins the election

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Crypto-market participants are unsettled on how the U.S. presidential election in November might impact bitcoin and other digital-asset prices, as Vice President Kamala Harris and former President Donald Trump are scheduled to debate for…

22

Oil settles at highest in a week as Hurricane Francine disrupts Gulf output

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Oil futures finished higher Thursday, and turned higher for the week, as Hurricane Francine led to disruptions in U.S. oil and gas production in the Gulf of Mexico, but gains were capped by continued worries over the outlook for crude…

21

Trump promised his tax cuts would boost wages by $4,000 — but most workers saw few gains, study finds

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Inflation-adjusted pay growth rose only 0.09% following passage of the 2017 law.