Block's Shares Fall Over 3% After US President Trump Mulls Caps on Credit Card Interest Rates

MT Newswires Live

01/14

Block's (ASX:XYZ) shares fell over 3% in recent trading on the Australian bourse on Wednesday after US President Donald Trump said in a social media post on Jan. 9 that he backed a one-year cap on credit card interest rates at 10% starting on January 20.

The White House said on social media that the president was capping the rates, according to a Reuters report on Saturday.

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