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Investors could reassess U.S. assets as Powell probe reignites fears over central bank's independence from the White House.
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A criminal investigation into Jay Powell, the Federal Reserve chair, may be the most consequential attack yet on the central bank's political independence.
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Federal Reserve Board Chair Jerome H. Powell accused the Justice Department of using the investigation to pressure the central bank to lower interest rates.
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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.
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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.
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Banks including Citi, JPMorgan slide after Trump calls for credit card interest rate limit CNBCShares in US credit card issuers slide after Trump calls for 10% rate cap Financial TimesEuropean shares slip from peak as Trump's credit card fee cap plan rattles banks ReutersTrump Says Credit Card Firms Violate Law If Rates Not Capped Bloomberg.com
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Australia social media ban: Meta blocks 550,000 accounts under new law BBCMeta Shuts 550,000 Accounts on Australia's Kids Social Media Ban Bloomberg.comMeta blocked nearly 550,000 accounts in first days of Australia's under-16s social media ban The GuardianWhat we can learn from Australia's social media ban The Hill
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