Mastercard stock slides as Trump credit-card rate cap talk keeps pressure on MA
Mastercard shares fell 3.8% Tuesday to $544.99 in after-hours trading after President Trump proposed a one-year 10% cap on credit-card interest rates. Visa dropped 4.5%. Investors fear the cap could force banks to cut credit, reducing transaction volumes and impacting Mastercard’s fee income. Mastercard reports earnings Jan. 29.