Business

Banks balk as Trump pushes a 1-year, 10% cap on credit card interest rates

NEW YORK — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner. Trump was not clear in his social ...

Early birds can begin filing their taxes on Jan. 26

WASHINGTON — Jan. 26 marks the official start date of the 2026 tax filing season, when the IRS will begin accepting and processing 2025 tax returns. April 15 is the filing deadline to avoid penalties and interest. Tax season is the annual period when taxpayers prepare and submit their ...

Budget office expects Federal Reserve to cut rates in 2026

WASHINGTON — The Federal Reserve is expected to cut short-term rates in 2026, with its key interest rate settling at 3.4% towards the end of President Donald Trump 's term in office in 2028, according to a new report released Thursday by the nonpartisan Congressional Budget Office. Despite ...

Fast-expanding plans for data centers are running into stiff community opposition

SPRING CITY, Pa. — Tech companies and developers looking to plunge billions of dollars into ever-bigger data centers to power artificial intelligence and cloud computing are increasingly losing fights in communities where people don't want to live next to them, or even near ...

Fast shipping is increasing emissions; here’s why delivery has become more polluting

It feels simple: You shop, find something you want and click to buy. It shows up today, overnight or tomorrow. We've gotten used to that speed. But that convenience comes with a climate cost. Multiple factors shape the environmental toll of a delivery. These include the distance from a ...