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.
Donald Trump’s ‘intimidation’ of Powell tests Fed credibility, risking investor exit from U.S. assets
Investors could reassess U.S. assets as Powell probe reignites fears over central bank’s independence from the White House.
Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe
Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell.
Stocks making the biggest moves premarket: Capital One, Affirm, Walmart, Akamai, Sun Country & more
These are the stocks posting the largest moves before the bell.
JPMorgan’s looming question: What happens when CEO Jamie Dimon leaves?
JPMorgan Chase CEO Jamie Dimon marks 20 years as CEO this month. Insiders say he remains as involved as ever managing the sprawling operations of the megabank.
China’s AI and robotics push isn’t enough to kickstart its economy, leaving growth more exposed to trade risks
New tech sectors still account for a far smaller portion of China’s economy than the gap left by the real estate slump.
Lawmakers are preparing to try again on major crypto bill. Why it matters and what happens next
Some lawmakers will meet on Thursday to discuss and edit draft legislation on crypto market structure, with the aim of passing a comprehensive law this year.