Welcome to The Hill’s Business & Economy newsletter {Beacon} Business & Economy Business & Economy The Big Story Republican senators block DOJ investigation In the Senate, Republicans are rushing to shield Federal Reserve Chairman Jerome Powell from a criminal investigation by the Department of Justice (DOJ), which Powell says is politically motivated and aimed at…
Pedestrians crossing street at night in Hong Kong, China Nathan Road Nikada | E+ | Getty Images Asia-Pacific markets opened higher on Tuesday as traders shrugged off geopolitical flashpoints in Iran and Venezuela, as well as a criminal investigation into the U.S. Federal Reserve Chair Jerome Powell. Japan’s benchmark Nikkei 225 jumped 3.4% to lead…
OpenAI announced It has acquired a small startup called Torch for an undisclosed amount. An anonymous source gave this information Information OpenAI committed $100 million worth of equity to the startup. Torch’s four-person team is joining both companies OpenAI Said. Torch was working on an app that connects all the medical information of a person…
Bradford DoolittleJan 12, 2026, 07:00 AM ET Close MLB writer and analyst for ESPN.com Former NBA writer and analyst for ESPN.com Been with ESPN since 2013 The hot stove season is stuck in the middle. When we last checked in, the winter meetings in Orlando, Florida, were set to begin, and we figured that a…
A federal court is ordering the Trump administration to restore funding to seven green projects after it alleged they were treated unfairly because they were located in mostly blue states. DC federal Judge Amit Mehta ruled that the Trump administration’s move to cancel funding violated the award winners’ rights under the Equal Protection Clause. “Defendants…
Federal Reserve chair Jerome Powell speaks at a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Justice Department’s criminal investigation of Federal Reserve Chair Jerome Powell may, at first glance, seem far removed from consumers’ finances —…
If Big Ten commissioner Tony Petti and SEC commissioner Greg Sankey can reach a specific agreement, there is strong support for a 16-team College Football Playoff format starting in 2026, multiple sources with knowledge of the discussions told ESPN in the days leading up to one of the most important meetings for the sport’s postseason….
President Trump on Monday threatened to impose 25 percent tariffs on countries trading with Iran in response to Tehran’s violent crackdown on growing anti-government protests. “With immediate effect, any country trading with the Islamic Republic of Iran will pay a tariff of 25% on any and all trade conducted with it… Source link
Paramount Skydance is suing Warner Bros. Discovery and CEO David Zaslav as its latest step in a hostile pursuit to acquire WBD, CEO David Ellison outlined in a letter to WBD shareholders on Monday. The lawsuit asks a Delaware court to direct Warner Bros. Discovery to provide information about its sale process and pending deal…
max olsonJan 12, 2026, 10:41 am ET to close Covers the Big 12 Joined ESPN in 2012 graduate from the university of nebraska nebraska transfer quarterback dylan raiola is committed to oregonHe made the announcement on social media on Monday. Raiola, a former five-star recruit, joins the Ducks after starting 23 games over two seasons…
