The Week in Numbers: Trump's credit card demand, Saks goes bankrupt

The Week in Numbers: Trump's credit card demand, Saks goe... STORY: From Donald Trump's interest rate demand, to a famous name's bankruptcy...This is the Week in Numbers.:: Week in Numbers:: 10%10% was the interest rate cap President Donald Trump called for.And he told credit card firms to comply from January 20.âEUR?"No, I want a cap, credit card interest ra... STORY: From Donald Trump's interest rate demand, to a famous name's bankruptcy...This is the Week in Numbers.:: Week in Numbers:: 10%10% was the interest rate cap President Donald Trump called for.And he told credit card firms to comply from January 20.âEUR?"No, I want a cap, credit card interest rates, because, you know, some of them are 28, 30% and that's it. People don't know they're paying 30%.âEURLegal and financial observers argue the move would need new legislation from Congress to take effect.The update led to stocks in a number of finance giants falling over the week.:: 25%25% was the tariff Trump imposed on certain AI chips under a new national security order.Nvidia's H200 and a rival semiconductor from AMD are some of the affected products.The Trump administration argued the U.S. is too reliant on foreign supply chains which it called a national security risk.The move targets a number of high-end semiconductors meeting certain performance benchmarks and devices containing them.:: 35% 35% was how much profits jumped for TSMC in the fourth-quarter.The AI boom didn't slow down for the Taiwanese chip giant as net profit hit $16 billion in the October-December period.TSMC predicted more strong growth this year and said it was working on building fresh U.S. manufacturing capacity.The Taiwanese firm - which counts Nvidia and Apple as major customers - announced plans last year to invest $100 billion in the U.S.:: $400 million$400 million was the rescue financing secured by Saks Global.The luxury retail firm was granted approval for the money by a U.S. judge.Saks filed for bankruptcy earlier in the week with $3.4 billion of debt.That's after its merger with Neiman Marcus caused cash shortfalls, and it struggled to recover from consumers moving online during the pandemic.:: $1.2 trillionAnd $1.2 trillion was last year's record trade surplus for China.Beijing has tried to diversify beyond the U.S. towards Africa, Latin America and Southeast Asia.The move paid off as exports to non-U.S. markets boomed.It helped China's economy deal with U.S. tariffs and trade tensions with Washington. Market Context Stock market movements reflect investor sentiment, corporate earnings, and macroeconomic conditions. Investors should conduct thorough research and consider long-term fundamentals when making investment decisions. Key Takeaways Analyze company fundamentals and market trends for informed decisions Stay informed about economic indicators and central bank policies Maintain diversification across sectors and asset classes Published: January 16, 2026 | Source: Yahoo Finance