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While some experts doubt the measure will actually become reality, they thought it would disproportionately curb rewards for lower-income spenders if enacted, while high-flyers would be able to keep cashing in on rewards.
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Productivity gains, tame oil prices and lower taxes could ease the pressure on consumers.
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More stocks are making new 52-week highs and volatility is low.
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The number of Americans who applied for unemployment benefits fell in early January to a 1½-month low and dropped below the key 200,000 threshold for only the second time in a year, possibly a sign of improvement in a frail U.S. labor market.
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Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled automaker following years of sales declines in the U.S.
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Sales of previously occupied U.S. homes totaled 4.06 million last year, flat versus 2024, when sales sank to the lowest level since 1995, the National Association of Realtors said Wednesday. Sales have declined on annual basis every year since 2022.
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