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Big Banks Push Back On Trump's Credit Card Cap, Warning Of 'Significant' Economic Slowdown

by The Wealth Advisor Contributor
Some of America’s top bankers are warning that the president’s cap on credit card interest rates would prove disastrous for lower-income consumers.

Featured

Oracle Sued By Bondholders Over Losses Tied To AI Buildout

Oracle was sued on Wednesday by bondholders who say they suffered losses because the company ​concealed its need to sell significant ‌additional debt.

Warren Buffett Compares AI Risks To Those Posed By Nuclear Weapons: 'The Genie Is Out Of The Bottle'

Warren Buffett is warning that the risks posed by rapid AI development are reminiscent of a geopolitical issue that defined much of his career.

Ned Davis Distills Political Angst Into ‘Big MAC’ Equity Trade

Wall Street loves few things more than a good acronym to describe a trading thesis. Think FANG, FOMO/YOLO and TACO.

Recent

RIA Knowledgebase

Back To Fundamentals: Why Clients Love Full-Service Advisors

After a year of disruption it's worth reviewing the essentials of how the industry works and how to communicate its value. BMO has good ideas here.

Advisor Technology

Goldman Sachs to Launch Robo Advisor Next Year

The investment bank has long served clients on Wall Street only to cut digital account minimums to $5,000 in an effort to court the mass market.

News

DFA Cuts Fees On 77 Funds

Even elite asset management firms have slashed what they charge clients in an effort to compete with inexpensive index funds. 

Commentaries

Robert Shiller: Trump Is Main Reason For Stock Market Growth

The gloomy economist credited Trump for an emotional high that is currently felt throughout the market and which shows no signs of slowing down.

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The Trust Advisor

Microsoft Founder Bill Gates' Billion Dollar Divorce Payout To Ex-Wife Melinda Finally Revealed

The Trust Advisor

King Charles Moves To Reclaim Royal Lodge, Ending £30 Million Inheritance Path For Andrew’s Daughters

Washington Wire

Jay Powell: DOJ Threatens Criminal Indictment

The Trust Advisor

I Asked ChatGPT How To Make My Estate ‘Drama-Proof’ For My Heirs In 2026 — Here’s Its 12-Month Checklist

Washington Wire

Jamie Dimon Backs Fed Chair Powell Amid DOJ Probe: 'Everyone We Know Believes In Fed Independence'

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