American Express Aktie News

The White House is weighing an executive action to enact U.S. President Donald Trump's call for a cap on credit card interest rates, Bloomberg News reported on Friday, citing people familiar with the matter.

Trump economic advisor Kevin Hassett said the administration is talking to banks about a "Trump card" that would expand credit access to consumers who merit credit but lack leverage.

Bank executives are tiptoeing around President Trump's call to temporarily cap credit-card interest rates at 10%, opposing the idea while making sure not to antagonize the White House.

Amazon has expanded its sights well beyond just e-commerce; advertising is the company's fastest-growing business. American Express operates its own network and issues its own cards, unlike competitors such as Visa and Mastercard.

Eli Lilly is a top healthcare company that's not only generating impressive growth right now, but continuing to invest in its future. American Express' strong brand and clientele make it a resilient financial stock to invest in for the long haul.

President Trump's proposed plan to cap credit card rates at 10% have sent big waves through the financial scene, causing shares of banks and credit card companies to take a fairly sizeable hit.

Banks are knocking President Donald Trump's bid to cap credit card rates.

President Trump's announcement blindsided the industry, sending banking shares tumbling across Wall Street this past week.