Lana

Investors are bracing for less predictable policy by shifting into defensive assets.

Gold hit a new record after the news, while the US dollar slipped.

It's a timely reminder that markets trade on trust as much as data.

The investigation comes just as the U.S.

president unveiled a proposal to cap credit card interest rates at 10%, down from around 30% for one year.

The goal is to make it cheaper for consumers to borrow, but the move could make banks think twice about lending to riskier borrowers.

That could impact households, the broader economy, and banks' profit margins.

So it's no wonder investors have backed out of some U.S.

bank stocks.

That's it for today.

I'm Lana.

I'll see you tomorrow.

Hey, I'm Lana with your Daily Brief for Saturday, December 20th.

Coming up, vibe-coding startup Lovable put investors under its spell, landing $330 million at a $6.6 billion valuation.

And Japan took it back to the 90s, pushing interest rates to their highest in 30 years.

We'll also check in with Carl to get his answers to your burning questions.

More on the way, but first, a word from Guy at Finimize HQ.

Lovable, the two-year-old Swedish AI startup, just pulled in $330 million at a $6.6 billion valuation, as investors fell hard for its so-called vibe coding.

The concept behind Lovable is simple.

It's an AI-powered app builder that operates in plain English.