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Blast at Islamabad Mosque Leaves Dozens Dead

                    Blood stains at the site of a deadly explosion at a Shi'ite Muslim mosque in Islamabad, Pakistan A suicide bomber detonated explosives inside a crowded Shi’ite mosque in Islamabad, killing 31 people and injuring many others during Friday prayers. The attack struck the Tarlai neighborhood, where worshippers had gathered in large numbers, turning a moment of devotion into chaos and devastation. Witnesses described a powerful blast that shattered windows, collapsed parts of the structure, and left victims trapped beneath debris. Emergency teams and local residents worked together to rush the wounded to nearby hospitals, where several remain in critical condition. Authorities have heightened security across the capital as investigators work to determine how the attacker breached the area and whether others were involved. The bombing marks one of the deadliest assaults in the city in years and has intensified ...
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Trump’s 10% Credit‑Card Cap Sparks Market Jolt as Lenders Tumble

 


A sharp sell‑off hit major U.S. credit‑card lenders after President Donald Trump announced a proposed one‑year cap limiting credit‑card interest rates to 10%, a move that immediately rattled financial markets and triggered pushback from banks.

U.S. credit‑card lenders were hammered in early trading after President Donald Trump unveiled a proposal to cap credit‑card interest rates at 10% for one year, beginning January 20. The announcement, posted late Friday on Truth Social, sent shares of major issuers sharply lower as investors reacted to the potential hit to a key profit stream.

Capital One and Synchrony Financial plunged as much as 10% in premarket trading, while American Express and Citigroup slid around 4%, and larger banks such as JPMorgan Chase and Bank of America fell roughly 2–3%. The proposal aims to address affordability concerns, with Trump criticizing current rates that often exceed 20% to 30%.

Despite the market shock, analysts caution that the plan faces significant legal and political hurdles. Some argue that Trump may lack the executive authority to impose such a cap without congressional action, making the proposal far from guaranteed to become policy. Still, the announcement alone was enough to send ripples through the financial sector, highlighting how sensitive lenders are to regulatory threats targeting consumer credit.


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