House Republican tax bill favors the rich — how much they stand to gain, and why

Key Points

A tax and spending package passed Thursday by House Republicans funnels the bulk of its financial benefits to wealthy households, according to economists and tax experts.
The rich benefit via a slew of tax cuts tied to businesses, the SALT deduction, the estate tax, income tax rates and opportunity zones.
Lower earners would be worse off, on average, due to cuts to programs like Medicaid and SNAP (formerly known as food stamps), analyses show.

Source

Finance

Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

January 14, 2026

Key Points U.S. banks including JPMorgan Chase and Citigroup showed no signs of capitulation to President Donald Trump’s mandate of a 10% cap on credit card interest rates. Five days after the original threat, bankers and their lobbyists told CNBC that they have yet to receive any formal or written guidance from the Trump administration […]

Finance

Airlines to save big money on fuel as new weight loss pills gain popularity, Wall Street says

January 14, 2026

Celsopupo | Istock | Getty Images Wall Street is finding an unexpected beneficiary of America’s weight loss boom: airlines. With the first GLP-1 weight loss drug now available in pill form, analysts at Jefferies say broad adoption across society could quietly lower fuel bills — airlines’ single largest cost — and lift earnings for the […]

Finance

Stocks making the biggest moves midday: Biogen, Rivian, Bank of America, Airbnb & more

January 14, 2026

Check out the companies making headlines in midday trading. Biogen — The biotech’s stock tumbled more than 4% after the company warned it would need to take a $222 million pretax charge in the fourth quarter. The company said the charge, which includes research-and-development expenses and milestone payments, will lower its net income by about […]