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Powell criminal probe upends Trump's search for a new Fed chair

White House economic advisor Kevin Hassett (left) and former Fed Gov. Kevin Warsh are leading prediction market odds for the likehood of becoming President Donald Trump's pick to lead the Federal Rese...

Jan 13Business InsiderPoliticsImpact

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....

Jan 13ABC NewseconomicsImpact

How to de-risk from America

There is no precedent of a dominant power abandoning its primacy, as Trump is doing...

Jan 13Financial TimesPolitics

Trump moves on the Fed, Italy warns ‘fin-fluencers’: Global Express

US President Donald Trump is bringing criminal charges against the head of the Fed in what many see as a political move motivated by a desire for lower interest rates....

4dCoinTelegraphPoliticsImpact

De-dollarization: Is the US dollar losing its dominance?

Article URL: https://www.jpmorgan.com/insights/global-research/currencies/de-dollarization Comments URL: https://news.ycombinator.com/item?id=46693346 Points: 30 # Comments: 4...

5hHacker NewseconomicsImpact

Trump imposes 25% tariff on any country 'doing business' with Iran

US President Donald Trump ramped up economic pressure on the Iranian regime on Monday by announcing he was imposing import duties on the goods of any country that trades with Tehran. The move could fu...

Jan 13France 24PoliticsImpact

Italy and Japan upgrade ties to strategic partnership as Meloni meets Takaichi in Tokyo

The partnership between Italy and Japan — its third-largest trading partner in Asia — centres on defence and security, economic security and critical minerals, and cooperation in Africa....

4dEuronewsPolitics

'Not just trade': The EU-Mercosur megadeal

As the EU's share of the global market slips, the Mercosur deal could unlock access to critical raw materials. It's also indicative of a wider EU economic pivot....

3dDeutsche WelleeconomicsImpact

The Supreme Court is about to weigh in on the Fed's independence in a case that goes beyond Jerome Powell

Chip Somodevilla/Getty Images; SAUL LOEB/Getty Images; Tom Williams/Getty Images; Tyler Le/BI The Supreme Court is set to hear arguments over whether Trump can fire Fed board member Lisa Cook. The ora...

1dBusiness InsiderPoliticsImpact

Meta is closing its VR workplace app amid Reality Labs layoffs

Meta has made the decision to discontinue Workrooms as a standalone app Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images Meta is switching off Horizon Workrooms as a stand-alone...

4dBusiness InsiderTechnologyImpact

A16z raise $15B! Jerome Powell vs Trump! Crypto remains flat! Special Guest: Dudas!

Crypto majors are mostly flat headed into Monday open; btc even at $90,600; eth +1% at $3,110, sol +2% at $140; xrp -2% to $2.04. Ip (+20%) and xmr (+15%) led top movers; xmr hit a new ath at $590. Fe...

Jan 12Decryptcryptocurrency

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...

6dBusiness InsiderPoliticsImpact

Want a promotion? It might pay to use AI

Active AI users got promoted more quickly at Cisco, the company found. David Espejo/Getty Images Cisco said that employees recommended for promotion used AI more often than those who weren't recommend...

5dBusiness InsiderTechnologyImpact

Palantir CEO Alex Karp says humanities jobs are doomed in the age of AI: 'Hopefully you have some other skill'

Alex Karp, CEO of Palantir, said vocational skills will be in high demand in the AI era. Fabrice COFFRINI / AFP via Getty Images Alex Karp, the CEO and cofounder of Palantir, doesn't have a technical ...

4hBusiness InsiderTechnologyImpact

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....

Jan 13Business InsiderPoliticsImpact

Treasury Secretary Scott Bessent says defense giants are 'failing the American people' by falling behind on orders

Treasury Secretary Scott Bessent (left) and Donald Trump. ANDREW CABALLERO-REYNOLDS / AFP via Getty Images Treasury Secretary Scott Bessent took aim at US defense contractors on Tuesday. He said they'...

4hBusiness InsiderPoliticsImpact

Figma CEO Dylan Field says he has a 'bias' for hiring young workers because they're likely AI natives

Figma CEO Dylan Field. Kimberly White/Getty Images for TechCrunch Figma CEO Dylan Field says AI skills give young professionals a hiring advantage. Field emphasizes that younger workers are often more...

4dBusiness InsiderTechnologyImpact

Luxury retail giant Saks files for bankruptcy

Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...

6dBusiness Insidereconomics

EV companies have one big problem — countries that can't keep their policy straight, says top BYD exec

A top BYD executive says countries are slowing the EV transition by changing policy too often. Asad/Xinhua via Getty Images Policy changes are slowing the global EV transition, a top BYD exec says. Co...

13hBusiness InsiderautomotiveImpact

Ads are coming to ChatGPT

OpenAI shared an example of an ad in ChatGPT. OpenAI OpenAI is officially preparing to test ads in ChatGPT. The move comes as the AI company looks to increase revenue amid $1.4 trillion in spending co...

4dBusiness InsiderTechnologyImpact
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