Trump's proposed 10% cap on credit-card interest rates would directly hurt ​financial companies' profits, and top JPMorgan executives including CEO Jamie Dimon warned that Trump's plan would also severely hurt consumers. That extended this week's selloff in financials over the proposal, which Trump made last Friday. Shares of Visa fell 4.5%, Mastercard dropped 3.8% and the financial sector fell 1.8%, leading declines in the S&P 500. "Financials are getting hit by Trump's credit-card proposal," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in ‍New York. Delta Air Lines shares eased 2.4% as the midpoint of its 2026 profit forecast fell short of analysts' expectations.

Source: The Star January 13, 2026 23:07 UTC