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Bitcoin fails haven test as Justice Dept. subpoenas Powell: Crypto Daybook Americas
Yahoo Finance· 2026-01-12 12:15
By Omkar Godbole (All times ET unless indicated otherwise) Since its introduction in 2009, bitcoin (BTC) fans have seen it as an anti-establishment asset and a shield against financial mismanagement and political turmoil. Yet on Monday, the largest cryptocurrency is trailing traditional safety assets such as gold even as tensions between President Donald Trump and Fed Chair Jerome Powell escalate, raising concerns on the central bank's ability to maintain its independence. On Sunday, Powell revealed th ...
NewtekOne, Inc. Announces Extension of Exchange Offer for its Notes due 2026
Globenewswire· 2026-01-12 12:00
BOCA RATON, Fla., Jan. 12, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne”) today announced that the expiration date with respect to its previously announced offer to exchange (the “Exchange Offer”) its outstanding 5.50% Notes due 2026 (the “Old Notes”) for an equal principal amount of newly issued 8.50% Fixed Rate Senior Notes due 2031 (the “New Notes”) has been extended to January 23, 2026 in order to provide holders of Old Notes additional time to participate in the Exchange Offer and exchange thei ...
How Does Your Credit Card Bill Compare to the US Average? See If You’re Paying More
Yahoo Finance· 2026-01-12 11:00
Thana Prasongsin / Getty Images Comparing your spending to the national average can help you see where you stand and take action before your debt becomes unmanageable. Key Takeaways The average credit card balance per borrower in the U.S. was $6,618 at in 2025, up about 1.2% from 2024. Total U.S. credit card debt is about $1.21 trillion, up 5.9% from the previous year. Keeping debt in check starts with limiting spending, making extra payments when you can, focusing on the highest-interest debt first, ...
India inflation accelerates to 1.33% in December, driven by higher food prices
CNBC· 2026-01-12 10:43
Inflation Overview - India's consumer inflation rose to 1.33% in December, up from 0.71% in the previous month, but below economists' expectations of a 1.5% increase [1] - The increase in inflation was primarily driven by rising prices in personal care, vegetables, meat, fish, eggs, spices, and pulses [2] Sectoral Analysis - Headline inflation increased by 0.76% in the rural sector and 2.03% in urban areas in December, while fuel and light inflation eased to 1.97%, down from 2.32% in November [2] Economic Projections - The Reserve Bank of India revised its consumer inflation forecast to 2% for the fiscal year ending March 2026, down from a previous estimate of 2.6% [3] - The central bank anticipates inflation to rise to 2.9% for the quarter ending March and reach 4.0% for the quarter ending September 2026 [3] - An early estimate projected real GDP growth of 7.4% and nominal GDP growth of 8.0% for fiscal year 2026, significantly lower than the 10.1% nominal GDP growth forecast in the Union Budget [4]
Bitcoin price up after Fed chair vows to fight new Trump attack
Yahoo Finance· 2026-01-12 10:20
Bitcoin’s price jumped 2% on Sunday after Federal Reserve Chair Jerome Powell vowed to hold firm against a new attack from US President Donald Trump. In Trump’s latest salvo, the Justice Department served the Fed with grand jury subpoenas and is threatening a criminal indictment. That means the DOJ is legally forcing the Fed to hand over evidence relating to Powell’s testimony on office renovations to the Senate Banking Committee in June 2025 to decide if a crime was committed. “This unprecedented actio ...
Correction: Final terms for bonds to be listed 13th January 2026
Globenewswire· 2026-01-12 09:35
Group 1 - Jyske Realkredit A/S will list new Covered Bonds (SDO) on 13 January 2026 [1] - The final terms for the bonds are included in the announcement [1] - The full prospectus for the bonds includes the final terms and the previously disclosed base prospectus dated June 27, 2025 [2] Group 2 - The base prospectus is available on Jyske Realkredit's official website [2] - The announcement specifies that the Danish version prevails [2]
Asian Markets Buoyed By Chinese AI Rally
RTTNews· 2026-01-12 08:44
Major stock in Asia closed on a positive note on Monday as a rally in Chinese AI stocks boosted sentiment. The global geopolitical situation as well as the escalation in tensions between the White House and the Federal Reserve limited gains. Equity markets in Japan are closed for a holiday.China's Shanghai Composite Index rallied 1.1 percent from the previous close of 4,120.43 to finish trading at 4,165.29. The day's trading ranged between 4,119.88 and 4,168.36. The Shenzhen Component Index closed at 14,36 ...
Gold Nears $5,000, Silver Breaks $80 — and the Dollar Is Losing Its Grip on Markets
Yahoo Finance· 2026-01-12 08:10
Gold nears $5,000 and silver breaks $82 as the U.S. dollar loses its traditional safe-haven role. Photo by BeInCrypto As geopolitical tensions rise, the US dollar (USD), long considered the market’s default safe haven, is failing to respond in the way it has historically. Meanwhile, gold (XAU) and silver (XAG) are flashing signals that extend far beyond a typical commodities rally. Gold Hits Records As Silver Explodes, But Markets Are Hedging Something Bigger Than Inflation Instead, capital is flowing d ...
Akola Group controlled company “Linas Agro” secures EUR 30 million financing from international bank Citibank
Globenewswire· 2026-01-12 07:30
Core Insights - "Linas Agro", a major agribusiness in Lithuania, has secured a EUR 30 million working capital financing agreement with Citibank N.A. to support grain purchasing operations at the Port of Klaipeda [1][5] - This financing agreement is notable as it represents one of the few agribusiness transactions in Lithuania involving a significant international commercial bank [1] Company Overview - "Linas Agro" is recognized as one of the largest buyers of wheat, rapeseed, and other cereals in Lithuania, and it leads in purchasing within the Baltic states [6] - The company exports wheat primarily to Nigeria, South Africa, Spain, and Morocco, while rapeseed is exported to Germany, the United Kingdom, the Netherlands, and Nordic countries [6] Financing Details - The financing will facilitate smoother planning of seasonal grain purchasing flows and enhance working capital management [2] - The trade financing structure utilized by "Linas Agro" is not available from local financial institutions, indicating a strategic move to diversify funding sources [3] Strategic Importance - The cooperation with Citibank is seen as a recognition of the operating standards of "Linas Agro" and the Akola Group, enhancing visibility in international markets [4] - This transaction is expected to strengthen the company's position within global export supply chains and support its continued expansion in international markets [4][5] Industry Context - Lithuanian farmers harvest approximately 7–8 million tonnes of cereals annually, with around 70% of the national wheat crop being exported [7]
Fed-White House rift rattles markets as Powell flags political pressure
The Economic Times· 2026-01-12 04:25
The developments rattled financial markets, with the US dollar weakening broadly, US stock futures sliding and Treasury futures rallying, as investors sought safer assets.Here's what market analysts told Reuters, while they weighed in on the implications for the economy and investor sentiment:Market participants said the episode has added a new layer of political and institutional risk at a time when investors are already grappling with uncertainty over global growth and monetary policy. Damien Boey, portf ...