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For years, Fed Chair Jerome Powell responded to President Trump's broadsides in ways that generally avoided escalation. That changed on Sunday night, writes Nick Timiraos.
WSJ· 2026-01-12 10:30
Core Viewpoint - The Federal Reserve Chair is responding to grand jury subpoenas, indicating a significant legal and regulatory challenge for the institution [1] Group 1 - The Fed Chair spent the weekend deliberating on how to address the subpoenas, highlighting the urgency and importance of the situation [1] - By Sunday, the Fed Chair had reached a decision on how to respond, suggesting a strategic approach to the legal inquiries [1]
China Has Been Gorging on Black-Market Oil. That's Now Getting Harder.
WSJ· 2026-01-12 10:30
Core Insights - The official crude oil market may experience disruptions due to increased crackdowns on illicit trading by the U.S. and Europe [1] Industry Impact - The actions taken by the U.S. and Europe could lead to significant changes in trading dynamics within the crude oil market [1] - Potential shifts in supply and demand may arise as regulatory measures are enforced, impacting pricing and availability [1]
Gold Breaks Through $4,600 on Fed Concerns, Haven Boost
WSJ· 2026-01-12 10:26
Gold prices climbed to a record as a criminal probe into Jerome Powell revived concerns over the central bank's independence, and protests in Iran boosted safe-haven demand. ...
Abivax Surges on Report Ely Lily is Preparing $17.5 Billion Bid
WSJ· 2026-01-12 10:03
Group 1 - The stock of the French company has been experiencing a steady increase since late July [1] - The stock price surged by as much as 30% during early trading on Monday [1]
U.S. Futures Fall, Safe-Havens Surge as Fed Chair Powell Under Investigation
WSJ· 2026-01-12 09:36
Core Viewpoint - Stock futures experienced a significant decline as investors expressed concerns regarding the independence of the Federal Reserve [1] Group 1 - Investors shifted their focus towards precious metals as a safe haven amid the uncertainty surrounding the Federal Reserve [1]
Heineken CEO Dolf Van Den Brink to Step Down
WSJ· 2026-01-12 09:13
Group 1 - The company is undergoing a leadership transition as Van den Brink plans to step down at the end of May [1] - This change occurs during a challenging period for the company, which is the world's second-largest brewer [1]
Stock Market Today: Dow Futures Fall After Prosecutors Launch Powell Criminal Probe
WSJ· 2026-01-12 08:13
Core Insights - Gold prices have experienced a significant rally, indicating a shift in investor sentiment towards safe-haven assets amid economic uncertainties [1] - The investigation into Federal Reserve Chair Jerome Powell's testimony suggests potential scrutiny over the central bank's operations and decision-making processes [1] Group 1: Gold Market - Gold prices have surged, reflecting increased demand for safe-haven investments as market volatility rises [1] - The rally in gold prices may be influenced by broader economic factors, including inflation concerns and geopolitical tensions [1] Group 2: Federal Reserve - Prosecutors are examining Jerome Powell's testimony, which could have implications for the credibility and transparency of the Federal Reserve [1] - The investigation may lead to increased scrutiny of the central bank's policies and their impact on financial markets [1]
BE Semiconductor Industries Gets Order Boost From Data Centers
WSJ· 2026-01-12 08:07
The company, also known as Besi, said orders more than doubled compared with the year-earlier period and were up 43% on quarter. ...
The criminal investigation into Federal Reserve Chair Jerome Powell isn't ultimately about the Fed's headquarters, or Powell, or even interest rates. It's about power, writes Greg Ip.
WSJ· 2026-01-12 05:56
Core Viewpoint - The investigation highlights the extent to which the president is willing to exert control over the central bank [1] Group 1 - The investigation indicates potential political interference in monetary policy decisions [1] - The president's actions may impact the independence of the central bank [1] - The situation raises concerns about the long-term implications for economic stability [1]
Wall Street Is Making Bullish Bets on the Economy
WSJ· 2026-01-12 03:00
Core Viewpoint - Signs of economic optimism are reflected in the rallying retail stocks and persistently high bond yields [1] Group 1: Economic Indicators - Retail stocks are experiencing a rally, indicating positive sentiment in consumer spending and economic recovery [1] - Bond yields remain stubbornly high, suggesting that investors are anticipating inflation or economic growth [1]