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Business News

Location American Business News for 12 January 2026
Powell says DOJ served Fed subpoenas, threatened indictment Federal Reserve Chair Jerome Powell said the central bank has been served grand jury subpoenas and been threatened with criminal indictment, moves he called "pretexts" to influence interest rates through "pol...
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Rising costs and economic uncertainty take toll, in contrast to Keir Starmer saying Britain will start to feel richerUK business confidence weakened sharply at the end of 2025 and hiring fell amid rising costs and uncert...
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The broad shift out of U.S. financial assets revived last years trend called the sell America trade.
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Major bank issues striking new gold forecast

The Street - 12 Jan 2026 14:04
Major bank issues striking new gold forecast The call hints at a seismic shift in the gold trade.
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Samsungs profit blueprint resets Micron stock bets Samsungs Q4 outlook offers a fresh clue about where memory pricing may be headed.
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The Potential Fallout From a Legal Attack on Powell

The New York Times - 12 Jan 2026 13:34
The Potential Fallout From a Legal Attack on Powell A criminal investigation into Jay Powell, the Federal Reserve chair, may be the most consequential attack yet on the central banks political independence.
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Tesla hit with another lawsuit over 'defective' door handles The class-action lawsuit is the latest in a long line of complaints over Tesla's electronically powered door handles.
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Legal battle sours merger between San Diego credit unions

American Banker - 12 Jan 2026 13:00
Legal battle sours merger between San Diego credit unions San Diego County Credit Union and California Coast Credit Union, which last year announced plans to merge, are now duking it out in court. SDCCU alleges there are widespread compliance problems at Cal Coast, which Cal Co...
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Privacy tokens rally as XMR breaks all-time high

Coin Desk - 12 Jan 2026 04:31
Privacy tokens rally as XMR breaks all-time high XMR, ZEC, SOL and other alts are rallying as BTC remains rangebound
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Powell says criminal investigation by Trumps Justice Department threatens Feds independence The Justice Department served the Federal Reserve with grand jury subpoenas on Friday, Fed Chair Jerome Powell said Sunday, threatening an unprecedented criminal indictment against him over cost overruns for the renovati...
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Bugatti is the latest auto firm to construct an opulent apartment building for the super rich.
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Trump hints that £1,600 ($2,000) tariff rebate cheques may arrive by the end of 2026, though Treasury Secretary Scott Bessent warns legal hurdles could delay payouts.
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Donald Trump is reportedly relying heavily on Melania amid growing dementia fears, following erratic behaviour during meetings with oil executives and visible physical struggles at events.
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Walmart, Target tackle fears facing 50% of Americans Two major retailers are making moves to help millions of Americans navigate a common worry.
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Michael McKee, accused of killing his ex-wife and her new husband, was given an upgraded charge of two counts of aggravated murder hours before his first court appearance.
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Ripple Urges SEC to Separate Crypto Assets From Securities Transactions Ripple presses U.S. regulators to redraw the boundaries of crypto oversight, arguing securities laws should hinge on enforceable legal rights - not speculation, decentralization, or trading behavior - and warning that bl...
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Bruno Mars The Romantic Tour Tickets: When Do Presales Open and Who Gets First Access? Find out when presales open for Bruno Mars' The Romantic Tour, who gets early access, on-sale timings, and what fans must know before booking tickets across North America and Europe.
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Its time to walk through the fire

Fast Company - 12 Jan 2026 23:30
Its time to walk through the fire Culture-led companies will survive this era of transformation. Theres a quote from Charles Bukowski framed on my office wall:What matters most is how well you walk through the fire.
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A peek inside the Fed's renovations that are now at the center of a DOJ probe The Federal Reserve is three years into renovating its historic buildings. President Donald Trump has criticized the project's cost overruns.
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Ballot proposes one-time, 5% tax on anyone in state worth more than $1bn and grant a five-year period for paymentPalantir co-founder Peter Thiel has donated $3m to a California lobbying group advocating against a propose...
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Mark Ruffalo did not mince words and criticised Trump and JD Vance for the 'invasion' of Venezuela and 'murder' of Renee Nicole Good.
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Prince Harry and Meghan Markle's rumored UK visit sparks speculation, Invictus Games concerns, and PR chatter, though Harry's team denies plans; Markle last visited during Queen Elizabeth's funeral.
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