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Credit Card Stocks Sink After Trump Proposes 10% Cap On Fees: 'Yikes'

by The Wealth Advisor Contributor
Shares in major credit card lenders tumbled in early trading Monday after President Trump proposed a 10% cap on the fees these cards charge customers.

Featured

Republican Sen. Thom Tillis Vows To Block Trump’s Fed Nominees Following Powell Probe

Sen. Thom Tillis (R-N.C.) said he will block any Trump Fed appointees, including for chair, in light of revelations of Powell investigation.

Bitcoin Price To Surge As Trump Pushes Debasement Trade ‘Into Overdrive,’ Analysts Say

Further devaluation of the US dollar in 2026 will send Bitcoin’s price soaring, analysts say.

Bond Traders’ Big Bet For 2026 Vindicated By Soft US Job Growth

Bond investors’ overarching wager on the path of the Federal Reserve and the Treasuries market in 2026 looks like it has room to run.

Recent

Economy

Oppenheimer Lifts S&P 500 Year-End Target to Wall Street-High on Trade Optimism

Oppenheimer Asset Management on Monday raised its year-end target for the S&P 500 index to 7,100, the highest among major Wall Street brokerages.

Future of Wealth

Signs of Stock Market 'Euphoria' on the Rise as Markets Cap 5-Day Streak of Record Highs

Investor euphoria is back. Stocks hit a record high each day last week, bitcoin is surging, and meme stocks are once again back in vogue.

News

Ex-Schwab Advisor Suspended for Alleged Undisclosed Profit-Sharing, Unauthorized Trading

A former Charles Schwab advisor has been suspended for two years and ordered to pay nearly $96,000 in fines.

Economy

The “Everything Bubble” - Albert Edwards is Raising the Red Flag

Albert Edwards, market bear and global strategist at Société Générale, is raising red flags—this time about what he calls an “everything bubble”.

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Popular

Washington Wire

Jay Powell: DOJ Threatens Criminal Indictment

Economy

'Inflation Will Surprise to The Downside in 2026':

The Trust Advisor

Amy Schumer Takes a $1.25 Million Loss on Iconic NYC Brownstone Amid Divorce

Washington Wire

Trump Says He Wants Government To Buy $200B In Mortgage Bonds In A Push To Bring Down Mortgage Rates

Washington Wire

Greenspan, Bernanke, Yellen And Other Past Officials Say Trump Using ‘Prosecutorial Attacks’ To Undermine Fed

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