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Powell criminal probe upends Trump's search for a new Fed chair
Business Insider· 2026-01-13 10:09
President Donald Trump's search to replace Federal Reserve chair Jerome Powell has taken a major turn in the new year.On Sunday, Powell confirmed an explosive report that he is facing a criminal investigation related to his prior testimony to Congress about the $2.5 billion renovation to the Fed's headquarters. In a video statement, Powell said that the probe was in retaliation for his decision to ignore Trump's wishes on rate cuts."The threat of criminal charges is a consequence of the Federal Reserve s ...
Trump turns to progressives for ideas on affordability
NBC News· 2026-01-13 10:00
President Donald Trump is looking for unlikely allies as he rolls out a new agenda to try to address Americans' concerns about affordability and position Republicans for the midterm elections: progressives.On Monday, he called Sen. Elizabeth Warren, D-Mass., after she delivered a speech excoriating her own party for being too cozy with its wealthy donors, according to Warren and White House press secretary Karoline Leavitt."I delivered this same message on affordability to him directly," Warren said. "I tol ...
政府停摆“压低”11月通胀后,美国12月CPI或反弹至2.7%
Zhi Tong Cai Jing· 2026-01-13 07:06
美国消费者价格或于12月加速攀升。原因在于,11月与政府停摆相关的干扰因素人为地压低了通胀水 平,而进入12月,这些因素可能已发生逆转,这一情况进而强化了市场对于美联储本月维持利率不变的 预期。据了解,今晚北京时间21:30,美国12月CPI数据将公布。 根据一项针对经济学家的调查结果,受食品与能源价格攀升的带动,尤其是数据中心引发的电力价格上 涨因素影响,12月消费者价格指数(CPI)或许会上涨0.3%。预计在截至12月的12个月期间,CPI涨幅将达 2.7%,与11月的涨幅保持一致。 扣除波动较大的食品和能源成分,预计12月份消费者价格指数(CPI)将上涨0.3%。所谓的核心CPI预计在 12月份同比上涨2.7%,11月份同比涨幅为2.6%。美国劳工统计局估计,核心CPI从9月到11月上涨了 0.2%。 美联储将个人消费支出价格指数(PCE)作为衡量其2%通胀目标的关键指标。市场普遍预期,在1月27日 至28日召开的会议上,美联储会维持基准隔夜利率在3.50%至3.75%这一区间不变。 政府停摆对数据的影响 道明证券首席美国宏观策略师奥斯卡.穆尼奥斯表示:"由于政府停摆导致的数据收集问题,我们预计消 费者 ...
S&P 500, Dow hit closing record highs; Walmart, tech climb
The Economic Times· 2026-01-13 01:48
Group 1: Market Performance - Walmart shares increased by 3%, contributing to gains in the S&P 500 and Nasdaq, where it recently moved its stock listing from the NYSE [1] - Consumer staples rose by 1.4%, leading sector gainers, while the technology sector also saw an increase [1] - The S&P 500 and Dow reached record closing highs, driven by gains in technology companies and Walmart [9] Group 2: Walmart's Index Inclusion - Walmart is set to join the Nasdaq-100 index on January 20, which could attract billions of dollars from passive index funds [1] - The shift to the Nasdaq is expected to enhance Walmart's visibility and investment appeal [1] Group 3: Financial Sector Performance - Financial stocks declined by 0.8%, leading sector decliners in the S&P 500, with Citigroup down 3% and American Express down 4.3% [10] - Trump proposed a one-year cap on credit card interest rates at 10%, impacting lender and credit card firm shares [10] Group 4: Earnings Outlook - Analysts anticipate a 26.5% year-over-year earnings growth for the technology sector in the upcoming fourth-quarter earnings season [10] - Overall S&P 500 companies' earnings are expected to rise by 8.8% compared to the previous year [10] Group 5: Market Activity - U.S. exchange volume reached 17.29 billion shares, above the 20-day average of 16.40 billion [8] - Advancing issues outnumbered decliners by a ratio of 1.68-to-1 on the NYSE, with 725 new highs and 48 new lows [8]
Stocks Recover as Data Storage Companies and Chip Makers Rally
Yahoo Finance· 2026-01-12 21:35
Sunday evening, Fed Chair Powell said the Fed had been served grand jury subpoenas from the Justice Department late last Friday, threatening a criminal indictment related to his June congressional testimony on ongoing renovations of the Fed's headquarters. Powell said, "The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than the preferences of the president."Also, credit card companies and bank stoc ...
ASX Market Open: Markets move on Trump launching stunning legal attack on Fed chair Powell | Jan 13
The Market Online· 2026-01-12 21:28
Join our daily newsletter At The Bell to receive exclusive market insightsASX today − Australian shares are heading towards a +0.33% advance this Tuesday morning, following global markets happily ignoring the fact that President Donald Trump is looking to (legally, if he can) dethrone Federal Reserve chairman Jerome Powell and rejig the central bank’s independence.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, a ...
IPO Leader Behind Iconic Brands Targets Pre-Super Bowl Breakout
Investors· 2026-01-12 21:01
BREAKING: Dow Futures Rise MarketDiem Flash Sale Today's Spotlight Want daily trade ideas for just $20/year? IBD's MarketDiem newsletter has got you covered. Free Swing Trading Webinar Coming 1/22: Learn how to swing trade ETFs from IBD's Mike Webster and Justin Nielsen. Free Investing Podcast Listen to IBD's podcast for new investing tips and trade ideas every week. Subscribe today! More News Partner Center With Super Bowl 2026 coming up in February, Amer Sports (AS) — owner of Wilson, the maker of NFL foo ...
Markets React: Wall Street Pulls Back on DOJ Powell Probe. What This Means for Investors
Yahoo Finance· 2026-01-12 20:03
Key Points The Trump administration is investigating Fed Chair Jerome Powell. Powell released a video calling out the action. Markets have thus far shrugged off the news. 10 stocks we like better than S&P 500 Index › The battle between President Trump and Federal Reserve Chair Jerome Powell took an odd turn over the weekend after the Department of Justice opened a criminal investigation into Powell. The investigation is purportedly focused on the Fed's $2.5 billion renovation of its headquarter ...
Why Trump's idea for a 10% cap on credit card rates could backfire, according to UBS
Business Insider· 2026-01-12 19:30
President Donald Trump's idea to cap credit card interest could have far-reaching unintended consequences, UBS said on Monday. On Friday, Trump posted on Truth Social that he was calling for a one-year, 10% rate cap for credit card interest, stating that the industry has been taking advantage of consumers. The idea sparked a sell-off in major financial stocks on Monday, including Capital One, Synchrony Financial, JPMorgan, and Citigroup. While investors reacted to the latest threat to lenders' bottom li ...
[DowJonesToday]Wall Street Navigates Political Headwinds as Dow Shows Modest Gains
Stock Market News· 2026-01-12 19:09
The U.S. stock market today, Monday, January 12th, 2026, was largely influenced by significant political developments, creating a mixed trading environment. The Dow Jones Industrial Average (^DJI) was up 24.69 (0.0499%) points, reflecting a modest gain amidst underlying market uncertainty. This comes as Dow Futures (YM=F) also showed a slight increase of 26.00 (0.0523%) points.The primary narrative driving market sentiment was the unfolding situation surrounding the Federal Reserve. News broke that the Just ...