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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

The Crypto Advisor

HIVE’s Infrastructure Play: Why Bitcoin Mining Led to an AI Goldmine

From Bitcoin mining roadblock to AI infrastructure goldmine—Frank Holmes never planned to build an artificial intelligence company. Yet HIVE Digital Technologies has evolved from a 2017 cryptocurrency workaround into a renewable-energy-powered data center operation generating $800,000 daily revenue with just 25 employees. Now positioned at the intersection of crypto and AI growth, HIVE owns the essential hardware both booming industries desperately need, creating a scalable infrastructure play that analysts value at $10–$12 per share.

Commentaries

The Best Investing Environment Ever? — BlackRock’s CIO Rick Rieder Thinks So

Rick Rieder, BlackRock’s CIO of global fixed income, believes investors are entering “the best investing environment ever.”

Family Wealth Watch

Finra Suspended and Fined LPL Financial Advisor For Recommending an Unsuitable, Complex Mortgage-Backed Security to a 95-Year-Old

Recent disciplinary action by the underscores the importance of ensuring product suitability—especially when serving elderly clients.

Washington Wire

Bessent Urges Fed to Lower Rates by 150 Basis Points or More

US Treasury Secretary Bessent made his most explicit call yet for the Federal Reserve to execute a cycle of interest-rate cuts.

  • More Articles

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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