AmEx (AXP) stock in focus after Trump calls for 10% cap on credit-card rates
New York, Jan 10, 2026, 14:40 EST — Market closed American Express shares enter Monday’s trading under pressure following President Donald Trump’s call to cap credit card interest rates at 10% for one year, starting Jan. 20. (Barron’s) This move hits at the heart of how the industry prices risk on revolving balances, usually expressed as an annual percentage rate, or APR. Brian Jacobsen, chief economic strategist at Annex Wealth Management, explained in an email that when firms can’t accurately price risk, they tend to slash credit lines or cut off credit altogether. He pointed out that credit cards are