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Banks warn consumers will be hurt by Trump’s 10% cap on credit card interest rates

Jan 12, 2026 | Markets

Summary Banks argue cap would limit credit access, harm economy Financial groups warn cap could lead to higher fees, reduced rewards Trump’s proposal lacks details, may need congressional action Subprime borrowers face hardest impact from proposed cap...

Elon Musk’s Grok AI floods X with sexualized photos of women and minors

Jan 3, 2026 | Markets

Summary Elon Musk’s Grok is generating sexualized images of women and minors Politicians in France ask prosecutors to investigate; India demands answers Experts have long warned Grok owner xAI about potential misuses of AI-generated content Julie Yukari, a...

Electric aircraft maker Beta Technologies raises over $1 billion in US IPO

Nov 3, 2025 | Markets

Electric aircraft maker Beta Technologies has raised $1.01 billion in its U.S. initial public offering on Monday, pricing its shares above its indicated range and underscoring the strong pipeline of new listings in the resurgent IPO market. The Vermont-based company...

US consumer spending falls; tariff-related boost to inflation awaited

Jun 27, 2025 | Markets

U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of the Trump administration’s tariffs faded, while monthly inflation maintained a moderate pace of increase. The Commerce...

German defence start-up Helsing raises 600 million euros in latest investment round

Jun 17, 2025 | Markets

German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, lead by Spotify founder Daniel Ek, the firm said on Tuesday. The latest investment round has raised Helsing’s value to $12 billion, the Financial Times...
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