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US President Donald Trump speaks in the Oval Office of the White House on January 29, 2026 in Washington, DC. Samuel Corum | Getty ImagesPresident Donald Trump announced Thursday that he will nominate a candidate for a new Federal Reserve chairman on Friday.Speaking at the premiere of “Melania,” a movie about first lady Trump, the president said the process of choosing a candidate to replace current Chairman Jerome Powell, which began last summer, is coming to an end.President Trump said, “I will announce the Fed chairman tomorrow morning.” When asked if he had actually made a choice, he replied: “Yes,…
Gold and silver prices plunged on Friday, ending a strong rally that had metal prices breaking multiple records this year. Spot gold prices fell more than 4% to $5,156.64 an ounce after soaring, and spot silver prices fell more than 5% to $110.26 an ounce. The rise in gold prices has been fueled by geopolitical, economic and trade uncertainties, as well as a weaker dollar (remaining relevant factors), with investors seeking refuge in ‘safe havens’, while silver has also benefited from industrial demand. Ed Yardeni, president of Yardeni Research, said the recent decline in stock prices may have been caused…
Apple on Thursday evening reported a strong holiday quarter, with iPhone sales up 23%. Strong earnings guidance for the current March quarter suggests this strong device cycle will continue. Apple’s revenue for the first quarter of its fiscal year 2026, which ended Dec. 27, rose 16% year over year to $143.76 billion, beating the LSEG consensus estimate of $138.48 billion. Earnings per share were $2.84, up 18% year-over-year and beating consensus estimates of $2.67, according to LSEG. AAPL 1Y Mountain Apple 1 Year Despite the strong performance and bright outlook, Apple shares rose slightly in after-hours trading. The smartphone maker’s…
Venezuelan lawmakers have approved legal changes to make it easier for foreign companies to participate in the country’s oil industry, a move by the city of Caracas in response to demands from US President Donald Trump. The reforms, backed by acting President Delcy Rodríguez, would open up Venezuela’s oil industry, currently largely controlled by state-owned company Petroleos de Venezuela (PDVSA), and allow foreign companies to manage oil fields at their own risk and cost. This comes as President Trump has threatened to impose additional tariffs on countries that supply Cuba’s oil and declared a national security emergency over the issue.…
OpenAI CEO Sam Altman speaks during a media tour of the Stargate Data Center in Abilene, Texas, on September 23, 2025. Stargate is a joint venture between OpenAI, Oracle and SoftBank that is building data centers and other artificial intelligence infrastructure across the United States with promotional support from President Donald Trump.Kyle Grillot | Bloomberg | Getty ImagesOpenAI has announced that it will be retiring several models from its ChatGPT chatbot next month, including the GPT‑4o model beloved by some users.The artificial intelligence startup launched GPT-4o in May 2024, and its warm conversational style made it very popular among some…
Angelina Jolie and Brad Pitt’s son Pax makes a rare appearance at the Sundance Film Festivalabigail breslin Stepping into the sunshine. of little miss sunshine Stars who earned oscar Nominated at the age of 11 for her breakout role in the 2006 film, she made a rare public appearance, attending a screening commemorating the film’s 20th anniversary. 2026 Sundance Film Festival. At the event on January 28th, which co-stars participated, Paul Dano, toni colette and Greg KinnearAbigail walked the red carpet wearing an auburn sweater and matching skirt. During the screening, zombieland The alum, who last appeared on the red…
An aerial view of Singapore’s skyline.Tong Thi Viet Phuong | Moments | Getty ImagesWhen KPMG executive Anton Ludenklau moved from the leafy streets of London’s commuter town to the skyscraper-filled streets of Singapore, the first thing he noticed was how easy it was to do business in the Southeast Asian country.”People tend to form relationships here,” he told CNBC by phone. In January 2021, Mr. Luddenklau moved to Singapore to lead KPMG’s financial services advisory practice in the country. “When you arrive here, you see that the government actually has a nation-building mindset and that brings great potential,” he said.Mr…
SpaceX and Tesla CEO Elon Musk attend the Viva Technology Conference held at the Porte de Versailles Exhibition Center in Paris on June 16, 2023.Gonzalo Fuentes | Reutersin Tesla’s At its Fremont, Calif., factory, the company is preparing to spend $20 billion this year in what it considers a transformational move, with plans to build robots to replace older cars.”Forget the Tesla you knew,” Canaccord Genuity analysts wrote in a note after Tesla’s fourth-quarter earnings report. “Yesterday’s Tesla is over. We believe Elon Musk has reached a decisive ‘burn the ship’ inflection point, a complete commitment to his vision that…
panama city AP — Panama’s Supreme Court late Thursday ruled that a subsidiary of Hong Kong’s CK Hutchison Holdings Ltd. has unconstitutional rights to operate ports on either end of the Panama Canal, advancing U.S. aims to thwart Chinese influence over the strategic waterway. The court’s decision followed an audit by Panama’s comptroller that alleged irregularities in the 25-year extension of the concession granted in 2021. The Trump administration has made preventing Chinese influence over the Panama Canal one of its priorities in the hemisphere. Panama was Secretary of State Marco Rubio’s first overseas stop as America’s top diplomat. Despite…
Traders work on the floor of the New York Stock Exchange (NYSE) on January 28, 2026 in New York City. Spencer Pratt | Getty Imagesof S&P500 I fell down on Thursday and got stuck. microsofttraders reacted to the mega-cap technology company’s latest earnings results and the Federal Reserve’s interest rate decision. The broader market index fell 0.13% to end at 6,969.01. Nasdaq Composite It fell 0.72% to end at 23,685.12. of Dow Jones Industrial Average It advanced by 0.11% (55.96 points) and settled at 49,071.56. In cryptocurrencies, Bitcoin The stock fell more than 5% to its lowest level in nearly…