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Kevin Hassett pivots to possible ‘Trump cards' amid credit card battle with banks CNBCTrump's affordability pledge strikes directly at the heart of Wall Street's profit engine CNNAnthony Scaramucci thinks Trump's 'hard-left' move to cap credit-card fees is because he's 'texting back and forth with Mayor Mamdani' FortuneDonald Trump's crusade against usury reaches Wall Street The Economist
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Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.
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A bipartisan proposal discussed at the White House Friday would push tech companies to bankroll power plants as consumer anger over utility bills mounts.
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Bank of America analysts suggest defense, infrastructure and transition materials represent the optimal indirect exposure to AI
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Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth
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Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry's recent tail winds.
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