Donald Trump, Capital One and Amex
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The president’s Friday call for a 10% cap on credit-card rates have hit shares from Citigroup to Synchrony Financial.
An America that betrays her commitments by force or by threat of force will find the cost of political capital exorbitantly expensive.
Wall Street's relationship with the Trump administration is souring. Bank executives warned the White House on Tuesday that President Trump's policies and the Justice Department's investigation into Federal Reserve Chairman Jerome Powell could harm the economy.
13hon MSN
Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt
Even people who don't use credit cards pay more for everyday goods because merchants raise prices to cover card fees, said Klarna's CEO.
In 2025, this stock market trio delivered an encore performance following the first year of Trump's second, non-consecutive term. When the curtain closed on Dec. 31, the Dow, S&P 500, and Nasdaq Composite had climbed 13%, 16%, and 20%, respectively, with all three notching several record-closing highs throughout the year.
A number of banking and financial stocks slumped Monday after Trump over the weekend suggested that credit card interest rates should be capped.