Payment Stocks Fall After Trump's Rate Cap Call

Visa, Mastercard, and major US bank stocks fell following Donald Trump's call to cap credit card interest rates.

US payment processing companies' stocks fell on Monday after US President Donald Trump called for a one-year cap on credit card interest rates at 10%. Visa shares dropped by 1.6%, Mastercard by 1.8%, and Bank of America by 2.45%. Citigroup shares fell nearly 4% in pre-market trading, while JPMorgan Chase shares fell by 3%. The statement triggered a negative market reaction, affecting both payment processors and major financial institutions.

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2026-01-27T13:28:11+00:00

Fat Brands Initiates Voluntary Bankruptcy Proceedings in the US

Fat Brands, owner of Fat Burger, has started a voluntary restructuring under Chapter 11 US bankruptcy law to cut debt and support brand growth. Restaurants will remain operational.

Economy Country

2026-01-27T10:11:47+00:00

Content Creators Sue Snap Over AI Video Use

YouTube content creators have filed a new lawsuit against Snap, accusing the company of illegally using their videos to train artificial intelligence without permission or compensation.

Politics Economy Country

2026-01-27T07:32:06+00:00

Farah Yazbeck: Turning Personal Stories into Enduring Jewellery

Designer Farah Yazbeck creates jewellery that tells stories. Her works, inspired by personal experiences, transform emotions and memories into enduring family heirlooms passed down through generations.

Economy Events Country

2026-01-27T07:22:08+00:00

Trump Raises Tariffs on South Korea

US President Donald Trump announced a tariff increase on South Korean goods from 15% to 25%, accusing Seoul of failing to implement a trade agreement due to parliamentary inaction.

Economy Politics Country