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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.

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

A chorus of previous Fed chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell.

Recent

FundFocus

Ballooning 'Buffer' ETF Market Leads to More Complex Array of Products

Investors are piling into financial products that offer them the chance to forgo some potential gains in exchange for protection against a selloff.

Commentaries

Morgan Stanley’s Wilson Says Buy Stocks Dip on Earnings Strength

Investors should buy into the selloff in US stocks because of the robust earnings outlook for the coming year, according to Morgan Stanley strategist.

Practice Management

TACO Trade—“Trump Always Chickens Out”—May Not Work...This Time

August 1 tariff threat rattled markets and sent signal to investors: TACO trade—“Trump Always Chickens Out”—may no longer be reliable thesis.

Economy

Job Market Concerns Take Center Stage as Earnings Season Rolls On: What to Watch This Week

Stocks tumbled from record highs on Friday as data revealed the US labor market is not on as solid footing as previously thought.

  • More Articles

Popular

Washington Wire

Jay Powell: DOJ Threatens Criminal Indictment

Economy

'Inflation Will Surprise to The Downside in 2026':

FundFocus

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

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

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