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Trading Day: Trump crosses Fed Rubicon, market shrugs

Editor January 12, 2026 6 minutes read
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Trading Day: Trump crosses Fed Rubicon, market shrugs

ORLANDO, Florida, Jan 12 (Reuters) – Investors on Monday brushed aside the dramatic news of the Trump administration’s threat to criminally indict Fed Chair Jerome Powell, lifting the S&P 500 to an all-time high, while precious metals also soared to new peaks.I dig into this in my column today, asking the que …

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Iranians tap Musk’s Starlink to skirt internet blackout, sources say

Jan 12 (Reuters) – Some Iranians are still using Elon Musk’s Starlink satellite internet service despite a nationwide communications blackout, three people inside the country said, the latest example of Starlink being used to counter internet shutdowns in geopolitical flashpoints.Iranian authorities have …

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Xi stresses the need to win the fight against corruption in China

BEIJING, Jan 12 (Reuters) – President Xi Jinping on Monday said China’s anti-corruption fight was a battle the country cannot lose, striking a firmer tone in a long-term drive to tackle the graft that has plagued many parts of Chinese society.Beijing’s “high-pressure campaign” in recent years has led to many …

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‘Unhinged’ or savvy? Meet Li Chenggang, who leads China’s trade talks with the US

BEIJING/GENEVA/WASHINGTON, Jan 12 (Reuters) – When U.S. Treasury Secretary Scott Bessent described China’s lead trade negotiator Li Chenggang as “unhinged” for breaching diplomatic niceties shortly before a critical summit in October, he painted a picture of an erratic junior bureaucrat who had “gone rogue.”N …

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Australian parliament to return to pass hate speech laws after Bondi attack

SYDNEY, Jan 12 (Reuters) – Australia’s national parliament will cut short its summer break to pass laws tackling hate speech after the Bondi Beach mass shooting, Prime Minister Anthony Albanese said on Monday, as concerns were also expressed over free speech.The December 14 shooting in Sydney that killed 15 p …

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  • Trading Day: Trump crosses Fed Rubicon, market shrugs
  • Australian parliament to return to pass hate speech laws after Bondi attack
  • ‘Unhinged’ or savvy? Meet Li Chenggang, who leads China’s trade talks with the US
  • Xi stresses the need to win the fight against corruption in China
  • Iranians tap Musk’s Starlink to skirt internet blackout, sources say

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