Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say
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.
Business & Finance
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Northrop Grumman wins $233 million contract for Navy’s advanced torpedo
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Nvidia, Eli Lilly to spend $1 billion over five years on joint research lab
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PG&E reaches $100 million shareholder settlement over 2017, 2018 California wildfires
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QXO adds $1.8 billion in firepower amid building products consolidation
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US Supreme Court rejects challenge to $2.46 billion Boy Scouts sex abuse settlement
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Soleno Therapeutics stock hits 52-week low at 41.47 USD
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US judge blocks Trump administration from canceling pediatrics group’s grants
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Morocco stocks higher at close of trade; Moroccan All Shares up 0.24%
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Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned
Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.