Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
Category: Finance News
December core consumer prices rose at a 2.6% annual rate, less than expected
Post Content
Stocks making the biggest moves premarket: L3Harris, JPMorgan, Delta, Intel, AMD and more
These are the stocks posting the largest moves in early trading.
BNY raises profit target as CEO Robin Vince says ‘turnaround’ is taking hold
BNY raised a pair of key medium-term performance targets on Tuesday.
Global central bankers unite in defense of Fed Chair Jerome Powell
Global central bankers issued a statement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a criminal investigation into the central bank chief.
JPMorgan Chase is set to report fourth-quarter earnings – here’s what the Street expects
JPMorgan will give investors a view into how consumers and corporations fared toward the end of last year and issue guidance on how 2026 may develop.
Trump targets credit card rates. What’s at stake for Capital One and other banks
Capital One shares sank Monday after Trump called for a 10% cap on credit card rates, a major profit driver for the company.
Stocks making the biggest moves midday: Citigroup, Abercrombie, Vistra, Duolingo and more
These are some of the stocks posting the largest moves in midday trading.
Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned
Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.
Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say
A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.