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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

RIA Knowledgebase

From Stagflation Fears to Bull Market Optimism: What RIAs Should Know About the Market’s Sudden U-Turn

Over the past few months, the market narrative has flipped dramatically. Client conversations were centered on stagflation risk and trade uncertainty.

FundFocus

UBS Americas Wealth Management Sees Revenue Increase, But Experiences Outflow of Money and Loss of Advisors

UBS’s Americas wealth management division reported solid financial performance in Q2, with both revenue and profit rising year over year.

Companies

JPMorgan Nears Deal To Take Over Apple's Credit Card Program, WSJ Reports

JPMorgan Chase (JPM) is in advanced talks to take over Apple's (AAPL) credit card program from Goldman Sachs.

Retirement Channel

American Workers Are Growing Concerned About Their Ability To Retire Comfortably

American workers are growing more concerned about their ability to retire comfortably, according to Schwab’s latest survey of 401(k) participants.

  • 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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