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Bessent not happy about Powell investigation, conveyed concerns to Trump: Sources

Treasury Secretary Scott Bessent is not happy with the Justice Department investigation into Federal Reserve Chairman Jerome Powell, multiple sources told ABC News....

15hABC NewsPoliticsImpact

Inflation held firm in December, testing Fed amid DOJ probe into Powell

Inflation held steady in December, continuing to prove stubborn just days after reports of a Department of Justice probe into Federal Reserve Chair Jerome Powell....

18hABC NewseconomicsImpact

WATCH: What to know about the DOJ's criminal probe into Fed Chair Powell

The Justice Department investigation into Federal Reserve Chairman Jerome Powell is sparking backlash and spotlighting the clash between the White House and the Federal Reserve Chair....

1dABC NewseconomicsImpact

The world's central bankers are rallying around Fed chair Jerome Powell in his fight with Trump

Powell typically abstains from directly engaging with Trump's personal attacks. Al Drago/Getty Images The world's most senior bankers have rallied around embattled Federal Reserve Chair Jerome Powell....

21hBusiness InsiderPoliticsImpact

Saks Global files for bankruptcy

Luxury department store chain has struggled with high debt after acquiring rival Neiman Marcus and Bergdorf Goodman...

2hFinancial Timeseconomics

Ørsted up 5% as US judge clears restart of stalled US wind farm

Shares in the Danish energy firm rose about 5% after a federal court granted a preliminary injunction, allowing construction on the offshore wind project to resume....

19hEuronewseconomics

US inflation held steady at 2.7% in December

Figure meets expectations but experts warn of distorted data...

18hFinancial Timeseconomics

Bitcoin Advocates Press US Lawmakers on Stablecoin Tax Rules

The groups urged Congress to extend crypto tax relief beyond stablecoins, warning the current approach would not simplify everyday payments....

3hDecryptcryptocurrencyImpact

Bitcoin Climbs Above $93K as US Inflation Holds Steady

Bitcoin hits $93K as volume surges, but sellers dominate—will it reach $100K or face more pressure ahead?...

14hDecryptcryptocurrencyImpact

Kraken-Linked SPAC Eyes $250 Million US Public Offering

KRAKacquisition Corp., a newly formed blank check firm linked to crypto exchange Kraken, proposed a $250 million public offering....

16hDecryptcryptocurrency

Read Jerome Powell's letter to senators following his testimony about renovations to the Fed building

Jerome Powell, a particularly mild-mannered speaker, slammed recent attempts to intimidate his department. Li Yuanqing/Xinhua via Getty Images The DOJ is probing Jerome Powell over his congressional t...

3hBusiness InsiderPoliticsImpact

WeatherTech founder might be the newest US consumer protection official

President Donald Trump made an unconventional pick for his nomination to the Federal Trade Commission: WeatherTech founder and CEO David MacNeil. MacNeil founded the company, which makes weather-resis...

9hThe VergePoliticsImpact

Taiwan says ‘general consensus’ reached with US on trade deal

US media reports say tariffs will be cut to 15 percent in exchange for TSMC investment....

23hAl JazeeraPolitics

The US ended 2025 with steady but elevated inflation in December

The Bureau of Labor Statistics published the December consumer price index data. Myung J. Chun/Los Angeles Times via Getty Images The inflation rate remained at 2.7% in December, matching expectations...

18hBusiness InsidereconomicsImpact

China records US$1.19 trillion trade surplus in 2025 as exports jump 5.5%

China’s exports defied a turbulent year of trade tensions to perform better than expected in 2025, cementing a record US$1.19 trillion annual surplus as manufacturers diversified markets to offset a s...

5hSouth China Morning PosteconomicsImpact

Pentagon invests $1bn in US missile motor unit of defence group L3 Harris

Deal marks government’s first direct-to-supplier agreement but raises questions over conflict of interest...

16hFinancial TimeseconomicsImpact

How US sanctions crippled lives of Iranians Trump says he wants to ‘help’

US sanctions have damaged Iran's economy, which was the reason the protests broke out in the first place....

19hAl JazeeraPoliticsImpact

As Vietnam’s US trade surplus overtakes China, Trump replaces envoy to fix ‘imbalance’

The Trump administration plans to ‌replace the US ambassador to Vietnam with a nominee set on addressing “imbalanced” trade relations, as Hanoi’s goods trade surplus ‍with Washington surpassed China’s...

21hSouth China Morning PostPoliticsImpact

Russian oil firm says it will keep its Venezuela assets after US military operation

Russia and Venezuela maintain a strategic partnership spanning energy, defense, and diplomacy. Yuri Cortez/AFP/Getty Images Russia's state-owned Roszarubezhneft says its Venezuelan oil assets belong t...

1hBusiness InsiderPoliticsImpact

Chinese short-video giant Kuaishou taps global debt market with US dollar, yuan bonds

Chinese short-video platform Kuaishou Technology is pitching its debut offshore bond sale to professional investors, joining a wave of domestic tech companies raising funds in the global debt market. ...

2hSouth China Morning PosteconomicsImpact
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