On this episode of Stock Movers:
- A selloff in shares in credit card firms and banks following Trump comments about capping interest rates casts a pall over the US financial sector ahead of a big earnings week for US firms. Trump said that credit-card lenders would be “in violation of the law” if they don’t heed his call to cap interest rates at 10% for one year. That’s sent shares of card issuers such as Capital One, American Express, Citigroup and JPMorgan lower in US pre-market trading, and also weighed on Barclays, which has a US credit card business. Credit card interest rates have been above 20% in recent years and are highly profitable for lenders.
-Allegiant (ALGT) and Sun Country Airlines (SNCY) announced a definitive merger agreement under which Allegiant will acquire Sun Country in a cash and stock transaction at an implied value of $18.89 per Sun Country share.
- Shake Shack (SHAK) shares sink the burger chain reported preliminary revenue for the fourth quarter that missed the consensus estimate.

On this episode of Stock Movers: - A selloff in shares in credit card firms and banks following Trump comments about capping interest rates casts a pall over the US financial sector ahead of a big earnings week for US firms. Trump said that credit-card lenders would be &ldquo;in violation of the law&rdquo; if they don&rsquo;t heed his call to cap interest rates at 10% for one year. That&rsquo;s sent shares of card issuers such as Capital One, American Express, Citigroup and JPMorgan lower in US pre-market trading, and also weighed on Barclays, which has a US credit card business. Credit card interest rates have been above 20% in recent years and are highly profitable for lenders. -Allegiant (ALGT) and Sun Country Airlines (SNCY) announced a definitive merger agreement under which Allegiant will acquire Sun Country in a cash and stock transaction at an implied value of $18.89 per Sun Country share. - Shake Shack (SHAK) shares sink the burger chain reported preliminary revenue for the fourth quarter that missed the consensus estimate.

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Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Banks Face Credit Card Selloff; Allegiant to Buy Sun Country; Shake Shack Sinks

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