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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

Commentaries

‘Ridiculously Stupid’ Economic Policies Have the U.S. Hurtling Toward a ‘Perfect Storm’ of Economic Pain, Ray Dalio Says

Ray Dalio sees concerning triad of crises ahead for U.S. economy. A shift away from era of low interest rates and “free money” is going to be painful.

Commentaries

Billionaire Mark Cuban Talks About His Greatest Legacy

The legendary investor has a clear idea of ​​what he wants people to remember about him.

Commentaries

Doubleline Capital's Gundlach Says He is Buying Treasurys

Chief Investment Officer at Doubleline Capital, Jeffrey Gundlach, said in a tweet Tuesday that he's been buying U.S. Treasurys.

Commentaries

BofA Clients are Buying Defensive Stocks, Shifting Away from Cyclicals- Strategist

Despite the last week’s rapid move lower in the U.S. equities, Bank of America’s clients were net buyers of stocks ($0.5 billion).

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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

Washington Wire

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

The Trust Advisor

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

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