Business Update

This week, Bank of America, Citi, JPMorgan and Wells Fargo released fraught earnings reports as President Trump’s threatened cap on credit card rates loomed large. Source link

Legislation to establish a regulatory framework for digital tokens has been thrown into turmoil — by one of its biggest champions. Source link

Traders in companies with ties to the president’s eldest son can bet on the outcome of events the president affects. Source link

History suggests that the price of oil and a wider distribution of wealth are as important as foreign investment. Source link

The bill would allow lawmakers to keep their existing stock and continue to sell it if they provide seven to 14 days of notice. Democrats called it a “gift to insider traders.” Source link

The real story of how immigrant labor came to define the construction industry. Source link

The tariffs will allow President Trump to take a cut of Nvidia’s chip sales to China while putting off a decision about imposing higher taxes on the chip industry. Source link

The Justice Department and whistle-blowers accused the major health insurer of overbilling the government for about $1 billion under the private plans. Source link

Weather, supply, tariffs, labor and changing consumer habits continue to drive up the cost of groceries. President Trump falsely claims prices are falling. Source link

President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. Source link