Trump's 10% credit card rate cap
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Key Takeaways Credit card stocks tumbled earlier this week after President Trump proposed capping interest rates on cards at 10% for a year, and endorsed legislation that could challenge Visa and Mastercard's payment network dominance.
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Why American Express (AXP) Shares Are Falling Today
Shares of global payments company American Express (NYSE:AXP) fell 4.1% in the afternoon session after President Donald Trump announced a call for a 10% cap on credit card interest rates.
Visa Inc., the global payments technology powerhouse, capped fiscal 2025 with another sturdy performance in the fourth quarter, driven by strong processed transactions and robust payment and cross-border volumes. For investors, Visa continues to represent ...
American Express and Visa are both long-term Berkshire investments. Visa's lightweight business model allows it to expand more quickly than American Express. But American Express is better insulated from rising interest rates than Visa. Abel, the CEO of ...
Even if you’ve never swiped, tapped, or typed in a credit card number, you’re definitely familiar with names like Visa, American Express and Mastercard. Ever stopped to ponder what exactly these companies do? Their logos are plastered on billions of ...
Apple's credit card portfolio has shaped up to be one of the most sought-after businesses in payments following the tech giant's split from Goldman Sachs in 2023. And while its popularity across the globe makes it an attractive acquisition to any major ...