Federal Reserve Chair Jerome Powell revealed on Sunday that the U.S. central bank has been served subpoenas by the Department of Justice that threaten criminal charges, raising concerns that the Trump administration is trying to undermine the institution's independence. The action against Powell is also seen as a message from the administration to whomever succeeds him to toe the line.
The Chair of the Federal Reserve, Jerome Powell has hit out at President Donald Trump after revealing that the U.S. Department of Justice has served the agency with grand jury subpoenas and threatened a criminal indictment against him. This action is related to a testimony Powell gave before the Senate Banking Committee last June. That concerned in part a multi-year project to renovate historic
Ofcom, the UK's independent online safety watchdog, announced Monday it has opened a formal investigation into Elon Musk's social media platform X. The investigation will determine whether X has complied with its legal obligations to protect users in the UK from illegal content, including non-consensual intimate images and child sexual abuse material.
Fed speeches might be the highlight on Monday. This week's trading may be impacted by reaction to the latest batch of U.S. economic data. Initial signs from the U.S. Futures Index suggest that Wall Street might open lower. As of 7.25 am ET, the Dow futures were losing 346.00 points, the S&P 500...
Shares of REGENXBIO Inc. (RGNX) are up over 11% at $16.27 in premarket trading on Monday, following encouraging new long-term data for its Duchenne program and key catalysts lined up for this year.
Eurozone investor confidence improved to a six-month high in January, a survey conducted by the behavioral research institute Sentix showed on Monday. The Sentix investor confidence rose more-than-expected to -1.8 in January from -6.2 in December. The score was forecast to rise moderately to -5.1. The improvement was driven by expectations, which rose to 10.0 from 4.8.
Toy maker Mattel, Inc. announced the launch of its first-ever autistic Barbie doll, developed in partnership with The Autistic Self Advocacy Network or ASAN, a non-profit disability rights organization run by and for autistic individuals. The new doll is now available on Mattel Shop and from major retailers. The new doll aims to provide more children the opportunity to see themselves represented
Stock markets in Europe are expected to trade lower on Monday amidst renewed geopolitical tensions in the Middle East as well as concerns about the Federal Reserve's independence.
Several biotech and healthcare names posted notable gains in after-hours trading on Friday, with investors showing renewed interest in companies tied to drug development, healthcare services, and financing updates. Zentalis Pharmaceuticals, Inc. (ZNTL) led the pack, surging 17.65% to close at $4.40,...
OpenAI has introduced a new range of products designed for healthcare professionals and plans to begin rolling them out this Thursday at leading medical institutions, according to Axios.
John Ternus is a senior leader at Apple with long experience in building the company's products. He is the senior vice president of hardware engineering and has worked at Apple since 2001. Over the years, he has become known as a steady executive who pays close attention to details.
General Motors has announced that it will take a $7.1 billion hit in special charges for the fourth quarter of last year.
Stocks showed a lack of direction early in the session on Friday but moved mostly higher over the course of the trading day. The major averages all climbed firmly into positive territory, with the Dow and the S&P 500 reaching new record closing highs. The major averages ended the day off their highs of the session but still posted notable gains.
A new review published in Trends in Cognitive Sciences explored the idea of thermoception, the ability to feel changes in skin temperature, such as a warm hug or a sudden cold breeze, suggesting that temperature plays an important role in how strongly people feel that their body belongs to them. The...
A large international group of scientists has helped explain why many people are diagnosed with more than one mental health disorder during their lives, according to a study published in the journal Nature. The scientists studied genetic data from more than 6 million people, which included genetic...
January 09, 2026 15:02 ET U.S. external trade data and labor market figures were in focus this week as the news flow gained momentum in the new year. In Europe, inflation data for the euro area was the highlight. The single-currency bloc expanded to 21 countries this year with Bulgaria adopting the currency on January 1. News flow in Asia was dominated by the survey data on the Chinese services industry.