Stocks making the biggest moves premarket: Capital One, Affirm, Walmart, Akamai, Sun Country & more

Stocks making the biggest moves premarket: Capital One, Affirm, Walmart, Akamai, Sun Country & more




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Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say
Finance

Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say

Key Points Trump proposed a one-year 10% cap on the interest rates that American credit card companies can charge customers. Shares of Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, Visa, Mastercard, American Express and Capitol One fell in response. It’s unclear how the cap would be enforced, and bank industry insiders say it would […]

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DOJ probe into Fed chair Powell is ‘Maduro’ warning from Trump, analyst says
Finance

DOJ probe into Fed chair Powell is ‘Maduro’ warning from Trump, analyst says

Key Points U.S. stock futures fell on Monday after the Federal Reserve revealed the DoJ had opened an investigation into its chair, Jerome Powell. The probe raises questions over the central bank’s independence from Donald Trump’s White House and concerns over the credibility of Powell’s successor. One analyst told CNBC that the probe was Trump […]

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Lawmakers are preparing to try again on major crypto bill. Why it matters and what happens next
Finance

Lawmakers are preparing to try again on major crypto bill. Why it matters and what happens next

Key Points Two Senate committees will hold hearings Thursday to work on their parts of a crypto market structure bill. The drafts will be merged to create one big bill, which will go to the Senate floor for a vote. The passage of a framework focused on digital assets is crucial for the crypto industry’s […]

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