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Feds Powell says administration has threatened criminal indictment over his Senate testimony

U.S. Federal Reserve Chair Jerome Powell said on Sunday the Trump administration has threatened him with a criminal indictment over Congressional testimony he gave last summer, sending subpoenas to the Fed on Friday in what he called a "pretext" aimed at furthering pressure on him in a dispute with President Donald Trump over interest rates.

Spot gold rises more than 1% to hit all-time high at $4,563.61

Spot gold rose over 1% to hit its first record high of 2026 on Monday, at $4,563.61/oz propelled by safe-haven demand amid geopolitical risks and a poor jobs print on Friday bolstering interest rate cut bets by the U.S. Federal Reserve.

Fed Served With DOJ Subpoenas; Powell Vows to Stand Firm

Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the institution.

Oil climbs, intensifying unrest in Iran spark supply concerns

Oil prices extended gains on Monday on growing concerns that intensifying protests in Iran could disrupt supply from the OPEC producer although efforts to quickly resume oil exports from Venezuela are limiting price gains.

Major department store chain shuts more locations across nation

Department stores have finished their 2025 holiday season and are regrouping by slashing product prices and also closing underperforming stores to cut costs. Retailers are hoping to start the year with higher sales, though fashion industry executives have said they are not confident about ...

How Recent Target Cuts Are Reframing The ASOS (LSE:ASC) Investment Story

ASOS has just seen its fair value trimmed slightly from £3.60 to £3.51, feeding into a lower price target of £2.40 that keeps the stock in the Neutral camp. Behind that shift is a reset in revenue growth assumptions, with the model input moving from a previously much higher figure to 35.97%, reflecting more cautious expectations for how quickly the top line may build from here. Investors who wish to monitor how these changing growth assumptions affect the ASOS narrative can follow future...

Britain’s 90s Housing Boom Handed Rich Kids Best Jobs, IFS Says

Equality campaigners have long highlighted how British families who made a fortune during the housing boom of the late 1990s and 2000s used the windfall to give their children a leg up on the property ladder. Less well known is that the same property wealth helped those kids bag the best jobs.

Why 2026 Will See Unprecedented U.S. GDP Growth

While a 5-6% GDP growth rate for an economy as massive as the United States was once considered unthinkable, the alignment of historical stimulus and a shift in monetar

Can Bank Stocks Sustain Recent Momentum?

Big bank stocks have not only outperformed the broader market over the past year but have also outperformed the Magnificent 7 stocks by a wide margin. With earnings looming, can the positivity continue?