Scrolling continues: TikTok has established a new U.S. venture as part of a deal to allow the popular app to keep running in the U.S. The agreement comes after the app, used by more than 200 million Americans, faced a ban if it failed to divest from its Chinese parent company. Details >
|
|
|
Credit: Trump is urging Congress to pass legislation limiting credit card interest rates to 10% following a social media post in which he ordered banks to voluntarily lower rates. "This will help millions of Americans," Trump said while speaking from the World Economic Forum. Details >
Cap: Supporters argue action is long overdue, noting there is currently no cap on rates and warning consumers will feel financial strain if nothing changes. "There's zero maximum. So, the 25% could be 50, it could be 75," said Grant Cardone, CEO of Cardone Capital. Read more >
Lending: Banking industry groups have pushed back, arguing a cap would limit access to credit for everyday consumers. JPMorgan Chase CEO Jamie Dimon called Trump's proposal "an economic disaster," warning it would shrink access to credit and make lending unprofitable. The latest >
Interest: Credit card debt is at a record high, topping $1.2 trillion. That total has climbed steadily over the last decade, even after a brief dip during the pandemic. The average credit card interest rate was about 14% in 2021. It's now above 20%. Credit card debt calculator >
|
|
|
Five people have been arrested in the shooting of an Indiana judge and his wife at their home earlier this month. Developing details > A jury acquitted a Chicago man accused in a murder-for-hire plot targeting Border Patrol chief Gregory Bovino. What we know >
An argument on a bus in Washington, D.C., led to the shooting of at least five people. The latest >
Tupac Shakur's brother is releasing a new memoir detailing his life, including never-before-heard stories about the legendary rap artist who died in Nevada. Watch the "Jesse Weber Live" interview >
Police say a Florida man fatally shot someone who tried to abduct his wife. The investigation >
A new chemical extraction process developed by Standard Lithium in Arkansas could help the U.S. dramatically reduce its dependence on foreign lithium supplies, company officials said. Details >
California's failure to clean up the way it grants commercial driver's licenses to nonresidents may result in the state being barred from issuing CDLs altogether, Transportation Secretary Sean Duffy told "Katie Pavlich Tonight." Watch the interview >
A baby teething toy sold on Amazon across the country is being recalled after more than 30 choking incidents have been reported, the U.S. Consumer Product Safety Commission warned. Recall alert >
|
|
|
A water main break in Chicago forced some people to cross a flooded road, but a crossing guard stepped up to take a child to the other side, safe and dry. "It's not in the job description, but I'll do just about anything for these kids," he said. Watch > Find a good news story each day in NewsNation's Your Morning newsletter! Subscribe > |
|
|
This NewsNation email is written by Caitlyn Shelton and NewsNation staff. |
|
|
|
Megyn Kelly -> Pete Hegseth responds to 2017 rape accusation. 🔥 vol. 3, issue 13 | December 6, 2024 Quick Hits All the news you need in...
No comments: