‘That jerk will be gone soon’

President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” even as his Department of Justice faces growing opposition over its criminal investigation of the central bank leader. Trump threw his latest punch at Powell after being asked whether the unprecedented action undermines confidence in the Fed, which has…

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JPMorgan Chase says banks could fight

JPMorgan Chase CFO Jeremy Barnum hinted Tuesday the industry could fight President Donald Trump’s demand for credit card price controls, saying “everything’s on the table.” “If you wind up with weakly supported directives to radically change our business that aren’t justified, you have to assume that everything’s on the table,” Barnum said on a call…

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Alibaba-backed PixVerse launches real-time AI video tool

A screenshot of the PixVerse AI video generation home page showing sample clips. Screenshot BEIJING — An Alibaba-backed startup is pushing artificial intelligence toward real-time, interactive video creation. PixVerse on Tuesday released an AI tool that allows users to control how a video unfolds while it is being generated. And just like a movie director,…

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CPI inflation report December 2026:

Core U.S. consumer prices rose less than predicted in December, reinforcing hopes that inflation is tempering as the Federal Reserve contemplates its next move on interest rates. Excluding volatile food and energy prices, the consumer price index showed a seasonally adjusted 0.2% gain on a monthly basis and 2.6% annually, the Bureau of Labor Statistics…

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