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Criminal probe: DOJ opens case against Fed chair Powell

Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell over the Fed headquarters renovation, prompting subpoenas, market turmoil and fierce debate over central bank independence and political interference.

Number

4,600 - Price of gold per ounce at record high amid Fed probe and geopolitical shocks

Quote

"But we may have to act, because of what’s happening, before the meeting" — President Donald Trump

SPX 6,966 ↑ 0.93% Dow 49,504 ↑ 1.08% Nasdaq 23,671 ↑ 1.18% Gold 4,618 ↑ 2.60% BTC 90,638 ↓ 0.24%

24 Hours

Iran regime escalates crackdown as protests spread

Iran’s security forces have launched a brutal crackdown on nationwide protests. Rights groups report hundreds dead as communications blackouts and mass arrests continue, raising fears of broader regional escalation.

Trump weighs military strikes as Iran slaughters protesters

President Trump and his national security team have reviewed military options as Tehran lashes out. U S officials warn of possible strikes even as diplomatic channels are reported open.

Criminal probe: DOJ opens case against Fed chair Powell

Federal prosecutors have opened a criminal investigation into Federal Reserve chair Jerome Powell focused on the Fed headquarters renovation. The probe immediately roiled markets and raised questions about central bank independence.

Fed served with DOJ subpoenas - Powell vows to stand firm

The Justice Department served subpoenas and the Fed says it faces a grand jury threat. Powell has publicly pushed back while lawmakers and markets react to the unprecedented escalation.

Gold hits record $4,600 as investors pile into safe havens

Safe‑haven flows and rate‑risk headlines sent metals and yields surging. Gold hit fresh all‑time highs as investors priced in geopolitical risk and central bank uncertainty.

Inside lightning US strike that overwhelmed Venezuela's defenses

A lightning U S operation in Caracas stunned the world, capturing Nicolás Maduro and crippling Venezuelan defenses. Officials and experts debate the legality and regional fallout of the raid.

US prepares to ease sanctions to restart Venezuelan oil sales

Washington moves to restore Venezuela’s oil exports while weighing sanctions relief and private investment. Trump publicly threatens to sideline companies seen as insufficiently cooperative.

Trump vows to take Greenland 'one way or the other'

President Trump renewed public threats to acquire Greenland, provoking alarm in Europe and NATO. U S officials press Denmark while allies warn the move would threaten alliance cohesion.

UK and Germany mull boosting NATO presence in Arctic

European capitals are scrambling to respond to Arctic security concerns after U S rhetoric on Greenland. NATO partners discuss bolstering northern defenses as diplomatic tensions rise.

Minnesota tragedy deepens after ICE officer fatally shoots woman

The fatal shooting of Renée Good by an ICE officer in Minneapolis has exploded into nationwide protests, federal deployments, and a major political confrontation between state and federal officials.

Hundreds more immigration officers headed to Minneapolis

The Department of Homeland Security and the White House have ordered hundreds of additional immigration officers to Minnesota as unrest grows. Federal deployments are inflaming local tensions and sparking political fights.

Minnesota senator alleges 'cover up' in ICE shooting probe

Political leaders in Minnesota accuse the federal government of a cover up even as local officials demand a broader, transparent investigation. The dispute is deepening mistrust between state and federal authorities.

Noem doubles down and vows to flood Minneapolis with agents

Homeland Security Secretary Kristi Noem has defended the ICE operation and doubled down on hardline rhetoric, drawing fierce criticism from Democrats and local officials.

U Haul plows into crowd at Los Angeles Iran protest

A moving truck ploughed into crowds at anti Iranian‑regime rallies in Los Angeles, sparking chaotic scenes, injuries, arrests, and wider fears over political violence at protests.

Man detained after driving truck through anti Iran rally in LA

Police detained the driver and footage shows angry demonstrators chasing and attacking the vehicle. Authorities are investigating intent amid heightened protest tensions in multiple cities.

Malaysia blocks X's Grok over sexualised AI images

Countries in Asia and Europe have moved to restrict or investigate X's AI tool Grok after it produced sexualised deepfakes. Regulators are weighing bans and penalties amid a global backlash.

About 15,000 nurses walk off at major New York hospitals

Nearly 15,000 nurses began coordinated strike action across major New York hospitals demanding staffing and pay reforms. The walkouts threaten care disruption during a harsh flu season.

Supreme Court to consider West Virginia trans athlete law

The Supreme Court will hear consequential cases on transgender athlete bans and other high‑profile matters this term. Decisions could reshape civil rights and sports policy nationwide.

China and EU strike framework deal on electric vehicle imports

After protracted negotiations the EU and China agreed a framework to ease an electric vehicle trade conflict. The deal aims to avoid tariffs and stabilise supply chains for automakers.

US aircraft carrier conducts live fire drills in South China Sea

A U S carrier and other Navy assets conducted live fire exercises in the South China Sea as Beijing expands missile capabilities. Washington says drills test defensive responses to regional threats.

Google adds buy buttons to Gemini AI to power shopping

Google is embedding shopping into its Gemini AI to let users buy directly from chat results. Retail partnerships aim to make AI a direct commerce channel and reshape online shopping.

Federal probe opened into New York attorney general Letitia James

Regulatory and criminal probes are spreading beyond the Fed. Federal prosecutors have opened an inquiry into New York Attorney General Letitia James, part of a broader surge in investigations of prominent officials.

Wegmans scanning shoppers faces at some stores for theft prevention

Retailers are piloting facial recognition to combat theft as transparency concerns rise. Reports show chains scanning shoppers' faces without clear notice, prompting privacy debates.

National Weather Service warns of dangerous winter storm conditions

A harsh winter storm and atmospheric rivers threaten large swathes of the U S with heavy snow, rain, flooding and coastal impacts. Authorities issued urgent warnings for travel and coastal safety.

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"I’m the one who SAVED NATO!!! President DJT"