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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.

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Portfolio Construction

RIA M&A Activity Hits Record Pace in First Half of 2025

M&A activity among RIAs off to record-breaking for 2025, setting stage for what could become the most active year yet for deal-making in the space.

FundFocus

Trading and Dealmaking Boosted Goldman Profits as Wall Street Overcame Trump Tariff Chaos

Profits at Goldman Sachs (GS) surged in the second quarter as the Wall Street giant benefited from a boost in trading and dealmaking.

ETF Innovators

Growth Without the Gamble: How WisdomTree’s QGRW Screens for Sustainable Winners

WisdomTree’s QGRW ETF offers advisors a research-driven alternative to cap-weighted growth strategies. By combining rigorous quality screens with forward earnings expectations, the strategy captures AI-era opportunities across sectors while avoiding speculative pitfalls that plague traditional growth investing approaches.

Commentaries

Jamie Dimon Issues Warning on Fed Independence as Trump Eyes Powell's Future

JPMorgan Chase CEO issued sharp warning about political interference in Fed cautioning that any efforts to undermine the central bank’s independence.

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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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