Business news
- SK Hynix to invest $13 billion in new plant amid memory chip shortage - South Korea's SK Hynix will invest 19 trillion Korean won into a new advanced packaging plant, as the company attempts to meet growing memory demands.
- Venezuela stocks soar 130% to record highs as Maduro's ouster spurs economic turnaround hopes - Venezuela's stock market has staged a dramatic rally following the capture of its ex-president Nicolás Maduro.
- Trump says Microsoft will make changes to ensure consumers don't pay for power used in AI buildout - President Trump said in a social media post that Microsoft will "make major changes beginning this week" to make sure Americans don't see rising energy costs.
- Japan's Nikkei 225 jumps over 3% as expectations that ruling party will opt for a snap vote rise - Asia markets opened higher as investors shrugged off ongoing geopolitical flashpoints and a criminal investigation into Fed chair Jerome Powell.
- What the Justice Department investigation of Fed Chair Powell may mean for your money - The Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell could have far-reaching impacts on consumer wallets, economists say.
- Trump says any country doing business with Iran will face 25% U.S. tariff - PoliticsTrump says any country doing business with Iran will face 25% U.S. tariffPublished Mon, Jan 12 20264:51 PM ESTUpdated 3 Min AgoKevin Breuninger@KevinWil
- Powell investigation: Drumbeat of Republican opposition grows on Capitol Hill - Federal Reserve Chair Jerome Powell said he was under investigation on Sunday night, the latest episode in President Donald Trump's feud with him.
- Apple picks Google's Gemini to run AI-powered Siri coming this year - Google's market value surpassed Apple for the first time since 2019 as it rolls out updated artificial intelligence features.
- Greenspan, Bernanke, Yellen and other past officials say Trump using 'prosecutorial attacks' to undermine Fed - Previous Federal Reserve chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell.
- Yellen says Powell probe 'extremely chilling' for Fed independence, market should be concerned - Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.