Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

Key Points

U.S. banks including JPMorgan Chase and Citigroup showed no signs of capitulation to President Donald Trump’s mandate of a 10% cap on credit card interest rates.
Five days after the original threat, bankers and their lobbyists told CNBC that they have yet to receive any formal or written guidance from the Trump administration about the policy.
The financial sector is keenly focused on two upcoming events for a sense of how the credit card battle will unfold, sources tell CNBC: Senate meetings and the World Economic Forum in Davos.

Source

Finance

China to reportedly boost defense spending by 7%, slowest pace since 2021

March 5, 2026

Key Points China reportedly plans to raise defense spending by 7% this year, the slowest increase since 2021. China kicks off an 8-day parliamentary meeting Thursday. Beijing ranks second to the U.S. in military spending. Source

Finance

Stocks making the biggest moves after hours: Broadcom, Okta, StubHub & more

March 4, 2026

Check out the companies making headlines in after-hours trading. Okta — Okta beat Wall Street’s fourth-quarter expectations , leading shares of the identity security provider to add about 2%. Okta reported adjusted earnings of 90 cents per share on $761 million in revenue, exceeding analysts’ estimate of 85 cents per share in earnings and $749 […]

Finance

Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill

March 4, 2026

In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters Shares of Coinbase and other cryptocurrency companies surged Wednesday after President Donald Trump threw his weight behind the industry’s battle against U.S. banks over yield-bearing stablecoins — adding to momentum the firms were already feeling from bitcoin‘s bounce. Coinbase was last […]