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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

Washington Wire

Fed's Daly Says Two Rate Cuts Remain On The Table For This Year

Federal Reserve Bank of San Francisco President Mary Daly said the time to cut rates is nearing, without saying when she believes that should happen.

Advisor Wellness

Partial Legal Victory For LPL Financial

In a partial legal victory for LPL Financial, a federal judge has dismissed key portions of a lawsuit challenging their cash sweep practices.

Washington Wire

A Quiet Boost For Big Tech Earnings

The latest tax legislation the “One Big Beautiful Bill Act” is poised to deliver a meaningful earnings tailwind for software and tech companies.

Economy

Americans Say It Takes More Money to Be Financially Comfortable Now Than It Did A Year Ago According To Schwab Survey

Americans believe it takes $839,000 to be “financially comfortable,” according to Charles Schwab’s 2025 Modern Wealth Survey.

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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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