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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

Economy

'Stagflation-lite': The Worst-Case Scenario For The US Economy Looks Like It's Getting More Likely

The worst-case scenario for the US economy is looking a lot more likely.

FundFocus

Vanguard's Latest Allocation Guidance Is Turning Heads

Vanguard’s latest asset allocation guidance for the next decade is turning heads — and not because it’s bullish.

News

Regulatory Red Flags: Finra Bars Former Merrill Lynch Broker Over Refusal to Cooperate

Former Merrill Lynch broker who was under investigation for alleged misconduct faces regulatory bar for refusing to cooperate with Finra’s requests.

Practice Management

Active Managers Face Mounting Difficulty Generating Alpha

Passive strategies continue to dominate, as new data from Morningstar underscores the mounting difficulty active managers face in generating alpha.

  • More Articles

Popular

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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