Trump, credit card and JPMorgan Chase
Digest more
4don MSN
JPMorgan Chase, AmEx, Capital One and more stocks dive. Trump’s credit-card plan sparks panic.
Citigroup, JPMorgan Chase, American Express, Bank of America, and other financial stocks fell Monday after President Donald Trump called for a cap of 10% on credit-card interest rates as part of his push to ease affordability concerns.
President Donald Trump’s proposal for a one-year, 10% cap on credit card interest rates has struck a chord in debates about affordability — and set up a potential clash with Wall Street.
Trump clashes with JPMorgan’s Jamie Dimon over Fed probe, Powell replacement timing, and a proposed 10% credit card rate cap—get key takeaways now.
3don MSN
JPMorgan Chase profits rise 9% in the fourth quarter excluding hit from the Apple Card acquisition
JPMorgan Chase is reporting a 9% rise in adjusted profits for the fourth quarter, benefiting from a strong economy in both consumer and investment banking.
The disruption stirred by the US president’s visit is nothing new for Ford. The carmaker last month took a $19.5bn writedown as it scrapped production of its flagship F-150 all-electric pick-up truck after Trump’s crackdown on the green initiatives championed by his predecessor, Joe Biden.