News
January 12, 2026
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations. The move represents an unprecedented escalation in President Donald Trump’s battle with the Fed, an independent agency for not cutting its key interest rate. The subpoenas relate to Powell’s testimony before the Senate Banking Committee in June, the Fed chair said, regarding the Fed’s renovation of two office buildings.
Trump says Iran wants to negotiate as the death toll in protests rises to at least 599
DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump says Iran wants to negotiate with the U.S. after his threat to strike the country over its crackdown on protesters. Activists said Monday the death toll in the demonstrations has risen to at least 599. Iran hasn’t yet responded to Trump’s comments. Oman’s foreign minister traveled to Iran this weekend in a possible bid to mediate. Trump and his team are considering responses. Iranian Foreign Minister Abbas Araghchi spoke to to foreign diplomats in Tehran. He insisted that “the situation has come under total control” in remarks that blamed Israel and the U.S. for the violence without offering evidence. Tens of thousands of pro-government demonstrators rallied Monday.
George Floyd and Renee Good: 5 years between Minneapolis videos, and confusion has increased
Five years after video of George Floyd’s killing on a Minneapolis street, video of another law enforcement action in the northern city is central to another American debate. But times have changed. People are also becoming more desensitized to images of violence, and questioning whether what they see is real or not.
Venezuelans in the US are torn between joy and worry after ousting of Maduro
NEW YORK (AP) — For thousands of Venezuelans living in the U.S., the days since the Trump administration ousted Venezuelan President Nicolás Maduro have brought a mixture of joy and trepidation. The removal of Maduro is “a first step, but we’re nervous,” said Alejandra Salima, who fled to the U.S. three years ago and assists other Venezuelans at the Miami office of an advocacy group. She and most others are thrilled that Maduro has been removed. The fear instilled by the government Maduro left behind makes many wary of returning.
Cuba’s president says no current talks with the US following Trump’s threats
HAVANA (AP) — Cuban President Miguel Díaz-Canel says his administration is not in talks with the U.S. government. This comes a day after President Donald Trump threatened Cuba following the U.S. attack on Venezuela earlier this month. Díaz-Canel emphasized on Monday that relations must be based on international law, not hostility or threats. He expressed willingness for dialogue with the U.S. based on mutual respect and sovereignty. Trump has suggested Cuba “make a deal” before it’s too late. Díaz-Canel’s statements were reposted by Cuban Foreign Minister Bruno Rodríguez. The situation remains tense, with Cuba facing significant economic challenges due to U.S. sanctions.
Stocks of credit card companies slump as Wall Street overall drifts in mixed trading
NEW YORK (AP) — Stocks of credit card companies are dropping after President Donald Trump threatened moves that could eat into their profits. The rest of Wall Street, meanwhile, was showing modest signals of concern on Monday after tensions ramped to a much higher degree between the White House and the Federal Reserve. The S&P 500 added 0.1% to its all-time high set on Friday. The Dow Jones Industrial Average rose 11 points, and the Nasdaq composite rose 0.4%. Prices for gold and other investments rose, while the U.S. dollar’s value dipped.
Thousands of nurses go on strike at several major New York City hospitals
NEW YORK (AP) — Thousands of nurses at several major New York City hospitals have gone on strike. The strike began Monday morning after negotiations through the weekend failed to yield a breakthrough. The affected hospitals include NewYork-Presbyterian, Montefiore and Mount Sinai. The union says about 15,000 nurses are participating in the strike. Among the nurses’ demands are manageable workloads and more workplace security. Hospitals say the union’s demands are too costly.
Paramount’s next target in hostile takeover bid of Warner Bros. is a board of its own making
NEW YORK (AP) — Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio. Paramount also filed a suit in Delaware Chancery Court seeking to compel Warner Bros. to disclose to shareholders how it values its bid and the competing offer from Netflix. Warner Bros. is in the middle of a bidding war between Paramount and Netflix. Warner’s leadership has repeatedly rebuffed overtures from Skydance-owned Paramount — and urged shareholders to back the sale of its streaming and studio business to Netflix for $72 billion.
Arizona strengthens hold on No. 1 in AP Top 25; Vanderbilt cracks top 10
Arizona has tightened its hold on the top spot in The Associated Press men’s college basketball poll after Michigan’s loss to Wisconsin. The Wildcats received 60 of 61 first-place votes. Iowa State moved up to No. 2, followed by UConn, Michigan and Purdue. Nebraska moved up two spots to No. 8 to match its highest-ever ranking set in February 1966. Vanderbilt hit No. 10 for its first top-10 ranking since the 2011-12 preseason poll. No. 19 Florida, No. 22 Clemson, No. 23 Utah State and No. 25 Seton Hall were the new additions to the poll. Kansas, SMU and UCF fell out.
