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Premium Credit Card Fees Hit $800: Airlines & Banks Target Affluent Travelers Key Takeaways Premium credit card annual fees now reach $795 for cards like the Chase Sapphire Reserve Airlines profit more from credit card partnerships than actual flying New premium cards launched in 2025 target affluent travelers with luxury perks United Airlines raised fees across multiple credit card products in March 2025 Banks justify high fees with lounge access, statement credits, and travel benefits Southwest Airlines also increased annual fees on their credit card offerings Premium cards require strategic use to justify costs through benefits and rewards The $800 Club Gets More Members The credit card industry decided rich people weren't paying enough fees. Chase Sapphire Reserve credit card carries a $795 annual fee , close enough to $800 that your wallet won't know the difference. Banks figured out something simple. Rich people like expensive things even when they don't nee...

Senate Republicans Block USPS Electric Vehicles: $1.5B Waste in EV Reversal Fight | Senate Showdown Key Takeaways Senate parliamentarian blocks GOP attempt to force USPS sale of 7,200 electric vehicles Republican proposal would cost taxpayers $1.5 billion to scrap existing EV fleet USPS already invested $500 million in charging infrastructure that would be lost GOP provision required 60-vote supermajority, not simple majority passage Electric fleet includes Ford E-Transit vans and Oshkosh Defense delivery vehicles USPS plans 66,000 electric vehicles by 2028 under current modernization plan

Jerome Powell Jackson Hole 2025: Fed Policy Shift, Rate Cut Signals & Global Central Bankers at Economic Symposium Key Takeaways Powell addressed Jackson Hole on August 22, 2025, signaling potential September rate cuts Markets anticipate 25-basis-point rate reduction amid cooling labor market Fed Chair faces political pressure from Trump administration for aggressive cuts Central bank maintains cautious approach despite persistent inflation concerns San Francisco Fed's Daly opposes larger 50-basis-point cut proposals Powell's term ends May 2025, adding succession speculation to policy discussions Global central bankers gather in Wyoming for critical economic policy summit Fed reassesses policy framework amid mixed economic signals The Wyoming Mountains Tell Stories The Teton peaks stood silent as Jerome Powell walked to the podium at Jackson Lake Lodge. Another year, another Jackson Hole speech. The ritual continued, central bankers, economists, and policy wonks descen...

Steven McClurg: Bitcoin $150K in 2025, Ethereum Doubt | ETF Inflows Key Takeaways Steven McClurg, CEO of Canary Capital, predicts Bitcoin will hit $140,000-$150,000 by year's end before a 2026 bear market McClurg dismisses Ethereum as "older technology," favoring newer blockchains like Solana and Sui Bitcoin ETF inflows reached $773 million over three days ending August 10, with BlackRock's IBIT holding $80 billion in BTC Ethereum ETF inflows surged to $2.3 billion in August 2025, driven by institutional demand McClurg attributes Bitcoin's rally to rising ETF demand and institutional buyers including sovereign wealth funds and corporate treasuries Bitcoin hit a new all-time high of $124,380 on August 11, 2025 The Man Behind the Bold Bitcoin Call Steven McClurg runs Canary Capital. He files ETF applications for a living. The guy knows institutional money flows like a bartender knows whiskey brands , intimately and with professional necessity. McClurg told CNBC...