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Stockreport

Trump's Proposed Change to Credit Cards, Explained [Yahoo! Finance]

American Express Company (AXP)  More Company Research Source: Yahoo! Finance
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
President Donald Trump's proposal for a one-year cap on credit card interest rates at 10% is being met with caution by economic experts and the financial markets. Blaming the Biden Administration for the steep interest rates charged by some credit card companies, Trump vowed not to let “the American public be ripped off” any longer. Setting a short deadline, the President—who had previously floated a 10% cap—said the change will come into effect on Jan. 20, a date that holds significance as it's the one-year anniversary of his return to the White House. Trump's announcement on Friday evening appeared to be at the forefront of minds come Monday morning, as some U.S. credit card companies experienced drops in early trading when the New York Stock Exchange opened. American Express, Visa, and Capital One, which dropped 6% by midday trading, all experienced slight downward turns, signaling concern. “It's a worry for many because credit cards and credit card debt are very profitable [Read more]
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Stockreport

Trump's Proposed Change to Credit Cards, Explained [Yahoo! Finance]

American Express Company  (AXP) 
More Company Research Source: Yahoo! Finance
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
President Donald Trump's proposal for a one-year cap on credit card interest rates at 10% is being met with caution by economic experts and the financial markets. Blaming the Biden Administration for the steep interest rates charged by some credit card companies, Trump vowed not to let “the American public be ripped off” any longer. Setting a short deadline, the President—who had previously floated a 10% cap—said the change will come into effect on Jan. 20, a date that holds significance as it's the one-year anniversary of his return to the White House. Trump's announcement on Friday evening appeared to be at the forefront of minds come Monday morning, as some U.S. credit card companies experienced drops in early trading when the New York Stock Exchange opened. American Express, Visa, and Capital One, which dropped 6% by midday trading, all experienced slight downward turns, signaling concern. “It's a worry for many because credit cards and credit card debt are very profitable [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AXP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS