Trump suggests challenging TV network licenses over ‘fake news’

WASHINGTON – U.S. President Donald Trump suggested challenging licenses for NBC and other broadcast news networks following reports by NBC News that his secretary of state had called him a “moron” after a discussion of the U.S. nuclear arsenal. “With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License? Bad for country!” Trump, a Republican, wrote in a post on Twitter on…

"Trump suggests challenging TV network licenses over ‘fake news’"

Credit card losses set to climb industrywide: JPMorgan’s Smith

– U.S. credit card losses are likely to rise at JPMorgan Chase & Co and across the industry, Gordon Smith, head of the bank’s consumer businesses, said at a conference on Tuesday. Smith said the largest U.S. bank is being “surgical” in determining where to tighten credit standards but he added that lenders industrywide ought to be leaning toward stricter credit card lending standards rather than looser ones. JPMorgan’s earnings have shown rising sales volumes…

"Credit card losses set to climb industrywide: JPMorgan’s Smith"