Tag: Trump
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Trump’s credit card cap spooks bank bulls
US financial stocks stumbled Monday after President Donald Trump lobbed a populist grenade into Wall Street’s trading pits, suggesting he wants to cap credit card interest rates at 10 percent a year—roughly half today’s levels.
Powell pushes back to protect Fed independence
Federal Reserve Chair Jerome Powell on Sunday delivered an unusually direct rebuke of the administration of President Donald Trump, accusing it of trying to intimidate the independent central bank in an effort to force him from office.
US jobs rise, momentum lags in December
The U.S. labor market delivered mixed signals in December, improving by one measure while underscoring a broader slowdown.
US President Trump claims capture of Venezuela’s Maduro
President Donald Trump said the US has “captured” Venezuelan President Nicolás Maduro and his wife, Cilia Flores, and flown them out of the country following what he described as “large-scale” U.S. strikes.
Trump teases weed reclassification, stocks quickly sober up
President Donald Trump on Monday floated — but stopped short of promising — a rethink of marijuana’s federal status, sending cannabis stocks from high hopes to a harsh comedown.
