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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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Bank of America analysts suggest defense, infrastructure and transition materials represent the optimal indirect exposure to AI
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Wall Street banks' fourth-quarter earnings in five charts ReutersBanks Say U.S. Consumers Remain Resilient Despite Economic Pressures The Wall Street JournalJPMorgan and Citi Aren't Feeling the Affordability Crisis Bloomberg.comBig banks report soaring profits amid tensions with Trump over credit card interest rates The Detroit News
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Criticism is most strident challenge to central bank's decision announced last month
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Goldman's interest comes as prediction markets gain visibility and debate swirls over market transparency and regulatory boundaries.
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Economists expect the U.K. economy to improve in 2026, particularly as the Bank of England is likely to continue on its interest rate-cutting path.
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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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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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