U.S. equities rebounded to record highs on Monday, though bank stocks plummeted following President Trump’s proposal to cap credit card interest rates at 10%. Market sentiment was further shaken by Federal Reserve Chair Jerome Powell’s revelation of a DOJ criminal investigation, which he essentially characterized as political intimidation. In major corporate news, Apple and Google announced a major AI partnership to upgrade Siri, while Paramount escalated its attempted hostile takeover of Warner Bros. Discovery with a new lawsuit. On the policy front, the administration announced a 25% tariff on any country trading with Iran, significantly heightening global trade tensions ahead of today’s critical inflation data.