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<strong>This Is Why Credit Card Interest Rates Are so High</strong>

Credit users are paying for their own marketing.

Credit users are paying for their own marketing.

This Is Why Credit Card Interest Rates Are so High

Credit users are paying for their own marketing.

Credit users are paying for their own marketing.

Odd Lots: This Is Why Credit Card Rates Are so High (Podcast)

Odd Lots: This Is Why Credit Card Rates Are so High (Podcast)

Odd Lots: Why Credit Card Rates Are So High (Podcast)

Some people pay off their credit cards at the end of each month.

Some people pay off their credit cards at the end of each month. They use the cards as a payment method and collect points and rewards, and never have to pay any interest. For other users, interest can be sky high — way higher than what would be expected simply based on a user’s credit or default risk. Why is this? And how do credit card companies get away with charging interest at these levels?

Copper Tensions Run High With Global Market at ‘Historic Point’

The global copper market is facing major upheaval, triggered by supply-demand imbalances, the shifting role of China and the uncertainty surrounding US President Donald Trump’s trade agenda.

The global copper market is facing major upheaval, triggered by supply-demand imbalances, the shifting role of China and the uncertainty surrounding US President Donald Trump’s trade agenda.

Marcos Seeks Singapore, Malaysia Help Over Ex-Lawmaker’s Planes

Philippine President Ferdinand Marcos Jr.

Philippine President Ferdinand Marcos Jr. ordered local authorities to reach out to Malaysia and Singapore where he said a former lawmaker may be hiding his aircraft that are among assets Manila has frozen as part of a corruption crackdown.

Marcos Seeks Neighbor Nations’ Help Over Ex-Official’s Jets

Philippine President Ferdinand Marcos Jr.

Philippine President Ferdinand Marcos Jr. ordered local authorities to reach out to Singapore and Malaysia where he said a former lawmaker may be hiding aircraft that are among assets Manila has frozen as part of a corruption crackdown.

India Rupee Falls to Record on Importer Dollar Buys, Trade Worry

India’s rupee weakened to a new record, pressured by dollar demand from importers and delays in reaching a trade deal that would reduce harsh US tariffs on the South Asian nation.

India’s rupee weakened to a new record, pressured by dollar demand from importers and delays in reaching a trade deal that would reduce harsh US tariffs on the South Asian nation.

India’s Rupee Slides to Record on Importer Dollar Purchases

India’s rupee weakened to a new record, pressured by dollar demand from importers and delays in reaching a trade deal that would reduce harsh US tariffs on the South Asian nation.

India’s rupee weakened to a new record, pressured by dollar demand from importers and delays in reaching a trade deal that would reduce harsh US tariffs on the South Asian nation.

Korea Banks Risk Record $1.4 Billion Fine on Equity-Linked Notes

South Korea’s financial watchdog has sent a preliminary notice to five banks over improper sales of equity-linked securities, which local media reported could result in some $1.

South Korea’s financial watchdog has sent a preliminary notice to five banks over improper sales of equity-linked securities, which local media reported could result in some $1.4 billion of penalties.

Italy Seeks to Keep Bank Veto As It Tweaks Golden Power Rules

Giorgia Meloni’s government is exploring ways to change its financial oversight rules without losing its banking deal veto power, as it seeks to defuse a potential clash with the European Union.

Giorgia Meloni’s government is exploring ways to change its financial oversight rules without losing its banking deal veto power, as it seeks to defuse a potential clash with the European Union.

Trading on CME halted after exchange hit by data centre outage

Chicago-based exchange handles futures tied to interest rates, Treasuries, energy and equities.

Chicago-based exchange handles futures tied to interest rates, Treasuries, energy and equities

Taiwan Raises 2026 Growth Outlook as AI Boom Helps Exports

Taiwan lifted its forecast for economic growth next year as exports continue to surge on AI demand.

Taiwan lifted its forecast for economic growth next year as exports continue to surge on AI demand.

Anti-corruption authorities raid house of top Zelenskyy aide

Search carried out at home of presidential chief of staff Andriy Yermak.

Search carried out at home of presidential chief of staff Andriy Yermak

Switzerland’s First GDP Drop Since 2023 Was Driven by Exports

Switzerland’s first quarter of contraction in more than two years was driven by trade as pharmaceutical and chemicals exporters reeled from the impact of outsized US tariffs.

Switzerland’s first quarter of contraction in more than two years was driven by trade as pharmaceutical and chemicals exporters reeled from the impact of outsized US tariffs.

Israeli Forces Wounded in Deadly Battle With Militants in Syria

Several Israeli soldiers were wounded in a deadly overnight battle with militants during on operation inside Syria, one of the worst flareups near the countries’ border this year.

Several Israeli soldiers were wounded in a deadly overnight battle with militants during on operation inside Syria, one of the worst flareups near the countries’ border this year.

Israeli Forces Wage Deadly Battle Against Militants in Syria

Several Israeli soldiers were wounded and militants killed during an overnight battle inside Syria, one of the worst flareups of violence near the countries’ border this year.

Several Israeli soldiers were wounded and militants killed during an overnight battle inside Syria, one of the worst flareups of violence near the countries’ border this year.

French Inflation Unexpectedly Holds Steady as Spain Stays Strong

French inflation unexpectedly remained unchanged in November, while Spain’s eased less than analysts had anticipated, highlighting the mixed picture for prices in some of the region’s biggest economies.

French inflation unexpectedly remained unchanged in November, while Spain’s eased less than analysts had anticipated, highlighting the mixed picture for prices in some of the region’s biggest economies.

French Inflation Unexpectedly Steady as Spain and Italy Slow

French inflation was unexpectedly unchanged in November as Spain’s and Italy’s eased, highlighting the mixed picture for prices in some of the region’s biggest economies.

French inflation was unexpectedly unchanged in November as Spain’s and Italy’s eased, highlighting the mixed picture for prices in some of the region’s biggest economies.

Reeves Budget Leaves UK on ‘Very Low Growth Path’: CEBR

Centre for Economics and Business Research CEO Nina Skero discusses UK Chancellor of the Exchequer’s budget, saying she’s surprised only 48% of respondents in a YouGov survey viewed the measures as “unfair” given the growth outlook.

Centre for Economics and Business Research CEO Nina Skero discusses UK Chancellor of the Exchequer’s budget, saying she’s surprised only 48% of respondents in a YouGov survey viewed the measures as “unfair” given the growth outlook. “We’ve had higher growth in I think 25 of the last 35 years,” Skero explains. “It’s not that good relative to other advanced economies.”