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Month: January 2026

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

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

By KEN SWEET and SEUNG MIN KIM

NEW YORK (AP) — 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 media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with his “full support.” Trump said he hoped it would be in place Jan. 20, one year after he took office.

Strong opposition is certain from Wall Street and the credit card companies, which donated heavily to his 2024 campaign and to support his second-term agenda.

“We will no longer let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%,” Trump wrote on his Truth Social platform.

Researchers who studied Trump’s campaign pledge after it was first announced found that Americans would save roughly $100 billion in interest a year if credit card rates were capped at 10%. The same researchers found that while the credit card industry would take a major hit, it would still be profitable, although credit card rewards and other perks might be scaled back. read more

The top 5 affordable cars and SUVs for 2026, according to Edmunds

The top 5 affordable cars and SUVs for 2026, according to Edmunds

By CHRISTIAN WARDLAW, Edmunds

Affordability is a hotter topic than ever in 2026. Many people are struggling to manage rising costs and live within their means, making it harder to justify splurging on things they want but don’t need. That applies to car shopping decisions, too. If you need a new vehicle and your budget is tight, check out this list of the best affordable cars for sale to help you get started on the right foot.

Edmunds’ experts have ranked their favorite models for 2026 across price and size classes. Factor in base prices, fuel economy and safety ratings, and the following list of the five best affordable cars and SUVs can guide you to a model that serves your needs and might even provide a few of your wants.

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From climbing vacuums to cyber pets: Some highlights of CES 2026


Lyft and Uber drivers protest Waymo robotaxis as California considers further regulations
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How to build an emergency fund, pay off debt and make a plan for your money in 2026

How to build an emergency fund, pay off debt and make a plan for your money in 2026

NEW YORK (AP) — The start of a new year usually brings new motivation to achieve goals like eating healthier or finally cleaning your basement. Many resolutions also focus on financial goals, such as paying off credit card debt, saving for a new house, or simply getting more educated about money.

“New Year’s is a really good time to review and realign your financial goals overall,” said Erica Grundza, certified financial planner at Betterment, an investing and savings app.

When building your goals for 2026, Grundza recommends focusing less on the past and more on an optimistic, yet realistic, vision for the future. She recommends that you focus on reestablishing the “why” behind your approach to money and how you want to make it work for your life. This can be as simple as saving $10 each week in a savings account, or a bigger goal like saving to buy a house in the coming years. It’s all about your own journey.

The Associated Press spoke with people who are making financial resolutions for 2026. Here’s a look at what they’re planning and how you can draw inspiration for your own resolutions: read more

From climbing vacuums to cyber pets: Some highlights of CES 2026

From climbing vacuums to cyber pets: Some highlights of CES 2026

By RIO YAMAT and SHAWN CHEN

LAS VEGAS (AP) — CES 2026 offered a glimpse of a future that feels straight out of a sci-fi movie: bendable screens, paper-thin TVs and cars and gadgets that can think for themselves as they get to know you and your family’s wants and needs.

As Nvidia CEO Jensen Huang put it, “The ChatGPT moment for physical AI is here.”

And everywhere you looked, robots. They roamed the show floor, assisted workers and entertained crowds — from humanoid helpers and furry “cyber pets” to task-specific machines.

Here’s a recap of some of the attention-grabbing gadgets at CES 2026, the annual technology trade show in Las Vegas:

Star Wars and Lego

Asad Ayaz, left, and Dave Filioni stand on stage with C-3PO and R2-D2 during an LEGO news conference ahead of the CES tech show Monday, Jan. 5, 2026, in Las Vegas. (AP Photo/Abbie Parr)
Asad Ayaz, left, and Dave Filioni stand on stage with C-3PO and R2-D2 during an LEGO news conference ahead of the CES tech show Monday, Jan. 5, 2026, in Las Vegas. (AP Photo/Abbie Parr)

Lego leaned heavily into fan nostalgia this week to unveil its latest innovation, enlisting Lucasfilm Chief Creative Officer David Filoni and a lineup of familiar Star Wars characters, including Chewbacca, R2-D2, C-3PO and X-wing pilots.

On Monday, the company introduced Lego Smart Play, a new platform built around connected bricks, tags and specially designed minifigures in partnership with Star Wars. These smart bricks are equipped with sensors that detect light and distance, triggering coordinated lights and sounds when used together to bring builds to life. read more

Lyft and Uber drivers protest Waymo robotaxis as California considers further regulations

Lyft and Uber drivers protest Waymo robotaxis as California considers further regulations

By HAVEN DALEY, Associated Press

SAN FRANCISCO (AP) — Drivers for Lyft and Uber protested self-driving Waymo taxis in San Francisco on Friday, urging state regulators to exercise greater oversight of autonomous vehicles, given recent events in which the cars killed pets and blocked traffic.

Demonstrators holds signs during a protest by Uber and Lyft drivers asking state regulators to take self-driving taxis off the streets due to safety concerns at the California Public Utilities Commission headquarters
Demonstrators holds signs during a protest by Uber and Lyft drivers asking state regulators to take self-driving taxis off the streets due to safety concerns at the California Public Utilities Commission headquarters Friday, Jan. 9, 2026, in San Francisco. (AP Photo/Haven Daley)

About two dozen drivers and supporters spoke or held up signs calling for safer streets and greater accountability outside the offices of the California Public Utilities Commission, which met Friday to consider further regulations on autonomous vehicles.

A steady stream of Waymo cars drove past the protest, a testament to the growing ubiquity of the white cars in San Francisco.

“I personally am not against technology; what I am against is unfair treatment,” said Joseph Augusto, who drives for both Uber and Lyft. “We have these people, these companies, these autonomous vehicle companies who are driving around the city, and they don’t seem to be held to the same standards as us drivers.”

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The top 5 affordable cars and SUVs for 2026, according to Edmunds
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