Wall Street hits back at Trump’s plan to limit interest on credit cards
Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth
Economic news
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US stocks slide after bank earnings disappoint
S&P 500 on course for worst day since mid-December as tech shares also hit
UK borrowing costs fall to lowest in more than a year
Rate cut bets and easing tensions over government borrowing fuel gilts rally
Wholesale inflation was softer than expected, retail sales moved higher in November
Wholesale prices moved up less than expected while consumers kept up a heavy buying pace, according to economic data Wednesday.
The $1.5tn Treasury basis trade boom
The strategy now accounts for over 6% of the US government bond market, according to Morgan Stanley
Gold, silver and copper prices hit new highs as global tensions mount
Tin also reaches fresh peak as metals extend recent strong run