Trump's 10% Credit Card Cap Plan Hit AmEx Stock Hard

Core Viewpoint - President Trump's proposed plan to cap credit card rates at 10% has significantly impacted the financial sector, leading to a notable decline in the shares of banks and credit card companies [1] Group 1: Impact on Financial Sector - The proposed cap on credit card rates has caused substantial fluctuations in the stock prices of financial institutions [1] - Banks and credit card companies experienced a sizeable hit in their share values following the announcement of the plan [1]