In the war on affordability, President Donald Trump has claimed victory over inflation. Trump said during a speech Wednesday in Davos, Switzerland, that he had “defeated” inflation and reined in consumer prices over the past year. In an address to world leaders and others at the World Economic Forum, Trump said that the U.S. has “virtually…
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas. Joe Raedle | Getty Images Jeff Bezos’ space venture Blue Origin announced Wednesday it plans to deploy 5,408 satellites…
A drone view shows Netflix logos on buildings in the Hollywood neighborhood in Los Angeles, California, U.S., Jan. 20, 2026. Daniel Cole | Reuters Netflix jumped into the advertising business later than its media peers, but its strategy shift is starting to pay off. This week Netflix reported its fourth-quarter earnings, which were mostly overshadowed…
President Donald Trump speaks during the 56th annual World Economic Forum, in Davos, Switzerland, Jan. 21, 2026. Jonathan Ernst | Reuters President Donald Trump on Wednesday floated the idea of allowing depreciation — a yearly income tax deduction to recover certain property costs over a set period of time — for personal residences. “The…
An “Open House” sign outside a home in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026. Zak Bennett | Bloomberg | Getty Images Stagnant mortgage rates, falling housing supply and ongoing economic uncertainty weighed heavily on homebuyers in December. Pending home sales, a measure of signed contracts on existing homes, dropped 9.3% last…
A person takes a break from clearing a walkway along Bannock Street as a winter storm sweeps over the intermountain West, plunging temperatures into the single digits and bringing along a light snow in its wake Saturday, Jan. 18, 2025, in Denver. David Zalubowski | AP Natural gas prices soared more than 20% on Wednesday…
President Donald Trump on Wednesday urged U.S. lawmakers to pass legislation to limit credit card rates to 10%, following his social media post this month ordering banks to voluntarily lower their rates. “I’m asking Congress to cap credit card interest rates at 10% for one year, and this will help millions of Americans save for…
Homes under construction in Palm Beach Gardens, Florida, US, on Thursday, Jan. 8, 2025. Zak Bennett | Bloomberg | Getty Images Mortgage refinancing jumped sharply higher for the second straight week, as interest rates fell further, but that boom may be about to bust. Interest rates are now moving much higher. Last week, applications to…
Jamie Dimon, CEO of JPMorgan Chase, speaks at the American Business Forum at the Kaseya Center in Miami on Nov. 6, 2025. Chandan Khanna | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump’s proposed 10% cap on credit card interest rates in two U.S….
My top 10 things to watch Wednesday, Jan. 21 1. Stocks fell again early this morning after the market’s biggest selloff in three months. The S & P 500 and Nasdaq both had their worst sessions since Oct. 10, bringing both indexes into negative territory for 2026. The sharp losses stemmed from President Donald Trump…
