Securities

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Trump Calls for One-Year Cap on Credit Card Rates at 10%

President Donald Trump on Friday called for a one-year cap on credit card interest rates at 10%, effective Jan. 20, without specifying details.

By Romy Varghese

Walmart To Join Nasdaq 100 Jan 20 as AstraZeneca Exits

Walmart Inc. will join the Nasdaq 100 Index, replacing AstraZeneca Plc, Nasdaq Global Indexes said Friday.

SEC, Rio Tinto Ex-CFO End Fraud Suit Over African Coal Mine

Rio Tinto Group’s former chief financial officer and the Securities and Exchange Commission agreed to close litigation alleging the executive used false financial records to overstate the value of coal assets in Mozambique.

Hair-Restoration Pill Maker Veradermics Files for IPO in US

Veradermics Inc. filed for an initial public offering to help commercialize its hair re-growth pill.

SEC Dismisses Action Against Rio Tinto Ex-CFO Guy Elliott

SEC dismisses civil enforcement action against Rio Tinto ex-CFO Guy Elliott, with prejudice.

Southwest Gas Says 2Q, 3Q 2025 Reports Shouldn’t Be Relied Upon

Southwest Gas audit committee identified errors with deferred liabilities for state income taxes.

SEC Power to Recoup Illegal Gains Gets Review From Supreme Court

The US Supreme Court will consider how much power the Securities and Exchange Commission has to recover illegal profits in a case that could blunt one of the agency’s most potent enforcement tools.

Apple Scales Back Diversity Language for Board Director Nominees

Apple Inc., catching up with many of its peers, has curtailed most references to “diversity” in annual meeting materials, including from the criteria for considering new board candidates.

Data Reveals Details About DOGE, Government Hiring: FOIA Files

The IRS hired 1,313 employees in January 2025. Over the next two months the agency laid off 11,000 workers, or about 11% of its workforce. Additionally, the data identifies employees tied to DOGE.