Posts tagged interest rates

    Sean O’Brien Has a Credit Card for You

    August 22, 2025 // Mr. O’Brien likes to denounce credit-card issuers for their rates. Interest rates on “credit cards are 19 to 29 to 30% depending on your credit,” he said in a recent interview. “So it’s like a strategy I think just to keep people in debt now and make them beholden to work in 2 or 3 jobs.”

    Sanders and Hawley’s Interest Rate Cap Would Ban Their Union Allies’ Credit Cards

    February 10, 2025 // They should have checked with their union boss pals before taking such a position. Many major labor unions have deals with banks to offer branded credit cards as a member benefit. Some of them can charge interest rates in excess of the 25 percent rate Sanders finds extortionate, and nearly all of them charge higher than 10 percent. One of the most common credit card partnerships for unions is with Capital One, which offers a Union Plus Mastercard. It is marketed as “Built for Union Members. Backed by Union Members,” and accounts are limited to active or retired union members or their families.

    How McDonald’s, Chipotle, Starbucks are preparing for the fast-food worker battles to come in 2024

    January 4, 2024 // “Anyone looking at this in the industry, now that emotion has been removed from the negotiation, sees this as the least bad option or worst good option, depending on which side you’re on,” said Matt Haller, president and CEO of the International Franchise Association, a trade group that represents franchisors, franchisees and franchise suppliers. In exchange for concessions, and staring down a very uncertain outcome on the referendum, “We have this very predictable business environment for our members moving forward,” he said.

    Small business owners not optimistic as inflation, labor struggles continue: NFIB survey

    November 14, 2023 // The NFIB's Optimism Index was 90.7 points in October, significantly lower than the survey's 50-year average of 98 A seasonally adjusted net of 17% of owners plan to create new jobs in the next three months and 61% of owners overall said they were hiring or attempting to hire in October – but 90% reported few or no qualified applicants for open positions.

    The Jobs Report Came in Strong. Don’t Celebrate Yet.

    February 7, 2022 // The Biden administration is celebrating the better-than-expected 467,000 January job-creation numbers from the Bureau of Labor Statistics. But the new data put the Federal Reserve even further behind in fighting inflation, potentially setting up a 50 basis point increase in March, rather than the 25 basis point increase markets are primed for. That could send equities further down.