Business news
- Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell - Federal ReserveTrump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome PowellPublished Fri, Jan 30 20266:52 AM ESTJeff Cox@jeff.cox.7528@JeffCox
- Chevron earnings beat as production hits record with upside expected in Venezuela - The oil giant beat expectations despite a bearish market for crude, which logged its biggest annual price decline since 2020.
- Silver plummets 15%, gold falls 7% — dragging down miners and ETFs - Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens.
- World leaders flock to Beijing, hedging against U.S. disruptions - Nations that avoided China in recent years are now sending their leaders to Beijing for meetings with Chinese President Xi Jinping.
- Trump gets a boost as Panama court voids Hong Kong firm’s canal contract - The ruling from Panama's top court is widely seen as a victory for the Trump administration, which is seeking to counter any Chinese influence in the region.
- Scenic trains, cruises and concerts: China’s new plan to get consumers spending again - China rolled out a new work plan to boost services consumption as stimulus measures to boost households spending on goods have so far done little to lift demand.
- Indonesian stock exchange CEO resigns after $84 billion market wipe out - The rout was triggered by an announcement on Tuesday by index provider MSCI, warning of a potential downgrade of the country to "frontier" market status.
- Gold prices fall over 4%; Asia-Pacific shares trade mixed after Trump says he will name new Fed chair - Asia-Pacific markets traded mixed after U.S. President Donald Trump said that he will announce his choice for the next Federal Reserve chair on Friday.
- Trump reportedly says 'very dangerous' for UK to do business with China as Starmer looks to mend ties - Starmer is on a 4-day visit to China this week, the first trip by a British leader in eight years, signaling an attempt at resetting the bilateral ties.
- Trump says he will announce a replacement for Powell as Fed chair Friday morning - President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair.