More Acts to Follow. . .

        

 

Watch: Trump Picks Warsh to Lead the Federal Reserve

Trump Picks a Reinvented Warsh to Lead the Federal Reserve

A former Fed governor, Warsh has previously advised Trump on economic policy and would succeed Jerome Powell when his term ends in May.

Spot Gold

5,061.41XAU

313.83–5.84%

Gold and Silver Plunge as Wild Swings Rock Metals Markets

Gold crashed through $5,000 an ounce while silver slumped below $100 as the sell-off swept through the broader metals markets.

What Wall Street Is Saying About Trump’s Fed Chair Pick

Explainer

What Does Kevin Warsh’s Nomination Mean for the Fed?

Benjamin Fanjoy/Bloomberg

Exxon and Chevron Lift Oil Output, Blunting Crude Price Drop

The outperformance comes as major US drillers face growing pressure to assist in the Trump’s aspiration to revive the Venezuelan oil sector

XOM

0.68%

CVX

1.50%

Trump Mingled With Venezuela’s Elite Long Before He Vowed to Fix the Country

Trump’s Immigration Policy

Second Fatal ShootingICE Funding FightMaine

Al Drago/Bloomberg

Deal to Avert Major Government Shutdown Set to Miss Funding Deadline

Minnesota Businesses Resisted ICE, and Now Face DHS Audits

ICE Begins Buying ‘Mega’ Warehouse Detention Centers Across US

Bloomberg Opinion

Trump's Fed Chair Pick Satisfies No One

 

 

 

 

 

 

 

 

 

Trump Demanded a Fed Dove. He Picked a Hawk.

By Jonathan Levin, Columnist 

 

 

Kristi Noem Is Also Failing at Running FEMA

By Mark Gongloff, Columnist

Apple Gives Itself the Toughest Act to Follow

By Dave Lee, Columnist

Goodbye Arms Control, Hello Nuclear Anarchy

By Andreas Kluth, Columnist

Eva Marie Uzcategui/Bloomberg

Panic in Miami: Haitians Confront Suddenly Losing Legal Status

In Florida, Haitians have become the backbone of industries like nursing homes, home health care and agriculture

Essay

The US Is Flirting With Its First-Ever Population Decline

Walmart's New CEO Takes Over With $1 Trillion Valuation in Reach

John Furner is taking the helm at the retail giant against a backdrop that leaves little room for missteps.

WMT

0.55%

Earlier

Walmart Names New US Chief, Group Heads Ahead of CEO Change

Shoko Takayasu/Bloomberg

Jake Dockins/Bloomberg

Jake Dockins/Bloomberg

Fast Retailing

The Big Take

Uniqlo's Billionaire Founder Wants Tenfold US Growth. Early Signs Are Good

Tadashi Yanai has a big dream for Uniqlo in the US — but can he finally make it after years of failed attempts? 

Businessweek

Uniqlo Founder and Japan’s Richest Man Loves a $32 Pair of Slacks

Latest

10 min

Tillis Vows to Block Warsh Nomination Until Fed Legal Fight Ends

20 min

SocGen Plans to Launch US Equities Fund Managed by Goldman

22 min

Fund Beating 99% of Peers Bought the Dip During Microsoft’s Rout

26 min

South African Stocks Slide Most Since April as Metals Tumble

27 min

Chile President-Elect Kast Visits Bukele’s Mega-Prison to Spotlight Security Push

28 min

Don Lemon Arrested After Minnesota Church Protest

See all latest

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US Judge Tosses Mangione Charge That Could Carry Death Penalty

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Air India Crash Probe Leans Toward Deliberate Pilot Action

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Regions

Sectors

• Monetary Policy

  • Tillis Vows to Block Warsh Nomination Until Fed Legal Fight Ends

    
  • US Stocks Slide After Trump’s Fed Chair Pick, Hotter PPI Data

    
  • Opinion

    Why Powell Couldn’t Have Rigged 2024 If He’d Tried

    
  • Fed’s Waller Says Policy Still Restrictive, More Cuts Needed

    
  • Opinion

    Trump Demanded a Fed Dove. He Picked a Hawk.

    
• Currencies

  • Venezuela’s Renewed Dollar Auctions Too Tepid to Fortify Bolivar

    
  • China Vanke Warns Losses Widened to Record Last Year

    
  • Dollar Fears Are Flaring as Trump Rekindles Debasement Trade

    
  • Record Reserves Boost India RBI’s Firepower to Shield Rupee

    
  • Yield Hunters and Tax Dodgers Drive Naira Rates Spread Wider

    
• Energy

  • PG&E’s Plan to Counter Break-Up Push Includes Lower Power Bills

    
  • Germany to Push for End of Gas Storage Targets After 2027 Expiry

    
  • Greece Warns Shipowners Against Sailing Near Iran’s Coast

    
  • Cuba Decries Trump’s ‘Genocidal’ Threat and Girds for Calamity

    
  • Oil’s Year of the Glut Begins With an Unexpected Price Surge

 

 

 

How Much of Your Money Is Going to ICE?

On Everybody’s Business, we tackle the cost of Trump’s deportation campaign and look at a startup taking on the declining population.

By Stacey Vanek Smith and Max Chafkin

Sanctioned Vessels, Pursuits at Sea: Tanker Trackers Keep Tabs

It’s been a busy couple of months for the handful of companies that track the global flow of oil, ship by hulking ship.

Germany’s Far Right Takes Its Fight to the Factory Floor

The upstart Zentrum union is growing fast and makes no secret of its political leanings.

Canadians Are Boycotting US Ski Slopes

Travelers from Canada, long the biggest source of international visitors to the US, have pushed back against the president’s imperialist rhetoric. Winter resorts are feeling the chill.

Markets

Odd LotsETFsCryptoDeals

Nathan Laine/Bloomberg

SocGen Plans to Launch US Equities Fund Managed by Goldman

South African Stocks Slide Most Since April as Metals Tumble

Sandisk’s 1,700% Rally Keeps Going After ‘Unprecedented’ Quarter

 

 

Space

Jeff Bezos Likes Satellite Networks So Much, He’s Launching a Second

Musk Considers Timing SpaceX IPO With Planetary Alignment, FT Reports

Elon Musk’s SpaceX Lines Up Banks to Lead Mega-IPO

Blue Origin Unveils Satellite Service to Feed Data Center Demand

Technology

AICybersecurityScreentime

David Paul Morris/Bloomberg

Fund Beating 99% of Peers Bought the Dip During Microsoft’s Rout

Minnesota Woman Says Her Global Entry Nixed After Agent Run-In

Instacart to Help Costco Take Grocery Orders in Europe in International Push

Newsletter: Power On

Inside Apple’s AI Shake-Up and Its Plans for Two New Versions of Siri

Newsletter: Tech In Depth

End of Amazon Go Marks Retreat From Effort to Reinvent Physical Stores

Wealth

What’s Been Driving This Week’s Metals Mayhem?

Why the UK Is Preparing to Change Its Ancient Leasehold Laws

Billionaire Salinas Reaches Tax Deal With Mexican Government

Visa Earnings Beat Estimates, Bolstered by Stronger Spending

Politics

UKEuropeMiddle EastAsia

Chile President-Elect Kast Visits Bukele’s Mega-Prison to Spotlight Security Push

Don Lemon Arrested After Minnesota Church Protest

Trump Hangs Over Canada Conservatives’ Vote on Divisive Leader

about 1 hour ago

Slovak Leader Makes Overtures to EU as Trump Sentiment Sours

about 2 hours ago

Cuba Decries Trump’s ‘Genocidal’ Threat and Girds for Calamity

Explainers

Why Indonesia’s Emerging Market Status Is Under Threat

Why the UK Is Preparing to Change Its Ancient Leasehold Laws

How Tesla Is Betting on Robotaxis and Robots as EV Sales Slump

Why Does the US Government Keep Shutting Down?

Industries

LegalEnergyHealth

Krisztian Bocsi/Bloomberg

Germany to Push for End of Gas Storage Targets After 2027 Expiry

Ares, JPMorgan Lead $525 Million Loan for NYC High Line Condos

Fed’s Waller Says Policy Still Restrictive, More Cuts Needed