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POWELL UNDER INVESTIGATION: DOJ Subpoenas Fed Chair

The Justice Department has opened a criminal inquiry into Federal Reserve Chair Jerome Powell over testimony and renovations, prompting rare public pushback from Powell and bipartisan alarm about the Fed’s independence

Number

$4,600/oz - Gold hits record amid Fed uncertainty

Quote

"If Washington wants to test the military option it has tested before, we are ready for it." — Abbas Araghchi

SPX 6,977 ↑ 0.16% Dow 49,590 ↑ 0.17% Nasdaq 23,734 ↑ 0.26% Gold 4,595 ↓ 0.43% BTC 91,887 ↑ 0.76%

24 Hours

Videos show rows of body bags as Iran crackdown deepens

Iran is convulsed by mass protests met with a brutal security crackdown. Videos and reports show mounting death tolls and government repression while foreign governments warn citizens and the White House levies trade penalties.

US prosecutors open investigation into Fed Chair Jerome Powell

The Justice Department has opened an unprecedented criminal inquiry into Federal Reserve Chair Jerome Powell, prompting his public rebuke and sparking intense debate over central bank independence.

DHS releases new video showing minutes before Minneapolis shooting

The killing of Renée Good by an ICE agent in Minneapolis has set off protests, fresh video releases and legal challenges as states and cities sue to halt federal immigration operations.

Gold steadies then cracks record above $4,600 an ounce

Markets are reacting to geopolitical and political shocks as investors pile into safe havens and equities try to shrug off the Powell probe and other risks.

US accuses Russia of dangerous escalation over hypersonic Oreshnik strike

Moscow has stepped up strikes against Ukraine with renewed aerial assaults and missile launches, drawing international condemnation and alarm over escalation.

Pentagon used top secret disguised plane in Caribbean strike claims report

New reporting alleges the US used disguised aircraft and covert tactics in Caribbean strikes on suspected drug boats, prompting retired military officials to raise war‑crime concerns.

Venezuela stocks soar 130% after Maduro capture sparks optimism

Venezuela’s political upheaval after U S operations has rippled through markets and diplomacy as opposition leaders engage Washington and investors price in regime change scenarios.

Hegseth announces Grok access to classified Pentagon networks

Defense Secretary Pete Hegseth has accelerated Pentagon ties with Elon Musk’s Grok chatbot and pledged rapid AI adoption even for classified networks, sparking security and ethics concerns worldwide.

Senator Mark Kelly files lawsuit against Secretary Hegseth

Senator Mark Kelly has filed suit against Defense Secretary Pete Hegseth after moves to censure and demote him for a public warning to service members, raising constitutional free‑speech questions.

Former Fed chiefs rebuke DOJ probe into Powell

The DOJ’s investigation of Fed Chair Powell is provoking growing bipartisan unease as former Fed officials and lawmakers warn about political interference with monetary policy.

Jack Smith to testify publicly before House Judiciary Committee

Former special counsel Jack Smith will appear before the House Judiciary Committee for public testimony that could reframe investigations into the prior administration and Jan. 6 prosecutions.

X faces UK probe over sexualized Grok images

Elon Musk’s Grok and X face international regulatory backlash after the chatbot was used to create sexualized and nonconsensual imagery, drawing formal probes and bans in multiple countries.

Meta names former Trump adviser Dina Powell McCormick as president

Big tech reshuffles and AI tie‑ups dominate the corporate headlines as Meta hires a former Trump adviser and Alphabet reaches a historic market valuation tied to AI wins.

Greenland appeals to NATO as US takeover talk intensifies

Washington and Congress push back against presidential plans to acquire Greenland as lawmakers travel to Denmark and bills surface seeking to block any US takeover.

FBI says arson suspect targeted Mississippi synagogue for its ‘Jewish ties’

A historic Jackson Mississippi synagogue was heavily damaged in a pre‑dawn arson that federal investigators say was targeted because of the building’s Jewish ties.

Russia works to circumvent sanctions to keep oil flowing to India

India’s economy and regional energy ties are shifting global alignments as Russia works to keep exports flowing and India overtakes major peers in GDP rankings.

South Korea’s President Lee visits Japan for summit with PM Takaichi

Leaders from Tokyo and Seoul met for talks focused on security and economic cooperation as both countries seek to manage regional tensions and bolster trade ties.

SK Hynix to invest $13 billion in new advanced packaging plant

South Korean memory chip maker SK Hynix is committing massive capital to expand packaging capacity as global memory shortages persist while households face rising debt burdens.

Body of missing Chicago special education teacher recovered from Lake Michigan

A Chicago special education teacher reported missing was found dead in Lake Michigan, closing a high‑profile missing person case that drew national attention.

Almost 15,000 nurses walk off the job at major New York City hospitals

Health care systems face acute labor pressure as nearly 15,000 nurses across New York City staged a major strike demanding staffing and contract changes.

Supreme Court to hear cases on transgender athlete bans

The Supreme Court is hearing landmark cases on transgender athlete bans that could reshape women’s sports and set legal precedents on Title IX interpretation.

FBI says it has found no video of Border Patrol shooting in Portland

Federal prosecutors are pursuing charges tied to a Portland Border Patrol shooting while investigators assess whether available video evidence supports claims around the incident.

Trump holds off on immediate strikes as he explores Tehran messages

The White House is weighing military strikes and diplomacy toward Iran as protests escalate and Tehran offers talks, while senior officials brief the president on possible options.

Illinois and Chicago sue DHS over aggressive immigration tactics

State and city governments are mounting legal challenges to federal immigration operations, with multiple lawsuits arguing that the deployments violate state and constitutional law.

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