Mastercard stock slides on Trump’s 10% credit-card rate cap talk — what investors watch next
Mastercard shares fell 1.6% to $566.28 in after-hours trading Monday after Donald Trump proposed a one-year 10% cap on credit-card interest rates, sparking a selloff in card and consumer finance stocks. Trump gave few details on enforcement. Mastercard also announced a new open-banking partnership in Australia with cash-flow platform Obol.