Banks Drop on Earnings and Card Cap Threats

MRKT Matrix - Wednesday, January 14th

• S&P 500 falls, under pressure by tech; Bank of America, Wells Fargo slip after earnings (CNBC)
• Oil falls nearly 2% after Trump signals he could hold off on attacking Iran (CNBC)
• Gold, silver and copper prices hit new highs as global tensions mount (FT)
• Trump attacks Powell again amid Fed independence fears: ‘That jerk will be gone soon’ (CNBC)
• Trump’s Credit Card Threat Casts Shadow Over Wall Street’s Profit Parade (Bloomberg)
• Citi Warns of Potential Economic Slowdown From Trump’s Credit Card Cap (Bloomberg)
• Bilt Unveils Credit Cards Capped at 10% After Trump Demands (Bloomberg)
• Home Sales in December Jump 5.1%, Biggest Gain in Nearly 2 Years (WSJ)
• Verizon Users Experience Outages Nationwide (WSJ)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs