The Great Credit Reset: Fintech Surges as Banks Face Existential Threat from 10% Interest CapThe financial landscape was sent into a tailspin on January 9, 2026, when President Donald Trump announced a sweeping proposal to implement a temporary, one-year 10% cap on all credit card interest rates, effective January 20. The announcement, delivered via social media and followed by a brief press conference, has
Populist Pivot: Trump’s 10% Credit Card Rate Cap Proposal Sends Financial Stocks ReelingThe financial markets were jolted into a state of high volatility on Monday, January 12, 2026, as investors reacted to a renewed and aggressive push from President Donald Trump to implement a federal cap on credit card interest rates. The proposal, which seeks to limit annual percentage rates (APRs) to
Markets Defy Gravity: S&P 500 and Dow Scale New Heights Amidst Political TurbulenceIn a stunning display of resilience, the U.S. stock market surged to unprecedented levels on January 12, 2026, as both the S&P 500 and the Dow Jones Industrial Average (DJIA) notched fresh closing records. Investors appeared to decouple from a swirl of political and regulatory uncertainty, focusing instead
Constitutional Crisis at the Fed: DOJ Investigation of Chair Powell Rattles Global MarketsThe long-standing tension between the executive branch and the nation’s central bank reached a boiling point this week as the U.S. Department of Justice (DOJ) launched a formal criminal investigation into Federal Reserve Chair Jerome Powell. The probe, which centers on allegations of perjury regarding a multi-billion dollar
A Tale of Two Economies: AI Surge Lifts Nasdaq While Credit Cap Fears Sink the DowThe U.S. stock market experienced a striking divergence on Monday, January 12, 2026, as a surge in artificial intelligence optimism propelled the Nasdaq Composite and S&P 500 to near-record levels, while a sudden regulatory shock to the banking sector left the Dow Jones Industrial Average languishing in the
Traders Ignore DOJ Probe into Fed Independence as S&P 500 Remains ResilientAs of January 12, 2026, the traditional boundaries between the U.S. executive branch and the Federal Reserve have effectively dissolved, sparking a historic standoff that has left investors grappling with the future of American monetary independence. Following a dramatic Sunday evening video statement from Fed Chair Jerome Powell, in
The 10% Ceiling: Trump’s Rate Cap Proposal Sends Shockwaves Through Wall StreetThe financial sector is reeling this week as a new and aggressive regulatory threat takes center stage: a proposed 10% national cap on credit card interest rates. On January 9, 2026, President Donald Trump used a series of public statements to call for an immediate, one-year "affordability" cap to be
Former Fed Chiefs Rebuke DOJ Probe into Jerome Powell: A Crisis of IndependenceWASHINGTON, D.C. — In a historic display of institutional solidarity, a bipartisan coalition of former Federal Reserve leaders and Treasury officials issued a blistering rebuke today, January 12, 2026, against the Department of Justice’s (DOJ) criminal investigation into sitting Fed Chair Jerome Powell. The joint statement, signed by former
Synchrony Financial Shares Plunge 8% Following Trump Interest Rate Cap ProposalNEW YORK — Shares of Synchrony Financial (
NYSE: SYF) plummeted more than 8% on Monday as investors reacted with alarm to a weekend proposal from President-elect Donald Trump to institute a temporary 10% cap on credit card interest rates. The announcement, which sent shockwaves through the consumer finance sector, has ignited
Constitutional Crisis at the Fed: DOJ Opens Criminal Probe Into Chair Jerome Powell, Sending Markets Into a TailspinIn a move that has sent shockwaves through global financial centers and ignited a constitutional firestorm, the Department of Justice (DOJ) has officially opened a criminal investigation into Federal Reserve Chair Jerome Powell. The probe, which centers on allegations of "lying to Congress" regarding a multibillion-dollar renovation of the Federal
Why Synchrony Financial (SYF) Shares Are Plunging TodayShares of consumer financial services company Synchrony Financial (
NYSE:SYF) fell 8.1% in the afternoon session after President Donald Trump proposed capping credit card interest rates.
Market Resilience Tested as S&P 500 Rebounds from 'Powell Probe' ShocksThe S&P 500 index demonstrated remarkable intraday resilience on Monday, January 12, 2026, clawing back from early session lows triggered by a sudden Department of Justice (DOJ) investigation into Federal Reserve Chair Jerome Powell. Despite a pre-market sell-off that threatened to derail the ongoing "Freedom Rally," the benchmark index
Wall Street Reels as Trump Proposes 10% Credit Card Rate Cap; Banking Sector Faces 'Margin Meltdown'In a move that has sent shockwaves through the American financial system, the Trump administration has officially proposed a national 10% cap on credit card interest rates. The announcement, which was first teased via social media late Friday evening, January 9, 2026, has triggered a massive sell-off across the banking
Constitutional Crossroads: Fed Independence Crisis Triggers Historic Surge in Commodity MarketsThe bedrock of global financial stability was shaken to its core on Monday, January 12, 2026, as a full-blown constitutional crisis between the White House and the Federal Reserve sent shockwaves through international markets. The serving of grand jury subpoenas to Federal Reserve Chair Jerome Powell by the Department of
Gold Shatters $4,600 as DOJ Probe into Federal Reserve Sparks Constitutional Crisis and Market Flight to SafetyIn a historic session that has sent shockwaves through global financial centers, gold prices surged to an all-time record high of $4,612.70 per ounce on January 12, 2026. The move marks a definitive "flight to safety" as investors panic-sell equities in response to a burgeoning constitutional crisis involving
The Golden Shield: TSX Hits Records as Fed Independence Crisis Sparks 'Sell America' FlightThe Canadian equity market surged to unprecedented heights on Monday, January 12, 2026, as investors fled a burgeoning institutional crisis in the United States. S&P/TSX Composite Index futures edged up 0.2% in early trading, building on a record-breaking close of 32,612.93 from the previous Friday.
Constitutional Crisis at the Fed: DOJ Opens Criminal Probe into Chair Jerome Powell as Markets TumbleThe stability of the American financial system was rocked on Monday as the Department of Justice officially opened a criminal investigation into Federal Reserve Chair Jerome Powell. The move, which follows months of escalating tension between the central bank and the executive branch, has sent shockwaves through global markets, raising
Constitutional Crisis at the Fed: Powell Faces DOJ Indictment Threat as Markets ReelThe global financial landscape was thrown into a state of unprecedented chaos this week as the Federal Reserve, long considered the bedrock of economic stability, found itself at the center of a historic legal and political firestorm. On Sunday, January 11, 2026, Federal Reserve Chair Jerome Powell released a somber
Macro Crossroads: Markets Brace for High-Stakes Inflation and Jobs Data Amid 2026 Policy PivotAs the first full trading week of 2026 unfolds, Wall Street finds itself at a critical juncture, balancing the momentum of a record-breaking rally with the sobering reality of upcoming macroeconomic data. On January 6, 2026, investors are closely monitoring stock futures as they fluctuate in response to a complex
