Monday's News Links

[Yahoo/Bloomberg] Gold and Silver Storm to Records as Fed Hit With Subpoenas

[CNBC] Stock futures slide as Trump’s DOJ opens criminal investigation into Fed Chair Powell: Live updates

[Yahoo/Bloomberg] JPMorgan, Capital One Shares Sink on Trump’s Credit-Card Threat

[Reuters] Morning Bid: Powell's punch back jolts markets

[Yahoo/Bloomberg] Fed Served With DOJ Subpoenas, Powell Vows to Stand Firm

[Reuters] The Fed building renovations at the center of Trump's fight with Powell: Five things to know

[Reuters] White House adviser Hassett supports DOJ probe of Fed's Powell over building costs

[Yahoo/Bloomberg] Trump Says Credit Card Firms Violate Law If Rates Not Capped

[Reuters] How Trump's proposed cap on credit card rates could reshape consumer lending

[Axios] Behind the Curtain: The Haves, Have-Nots, Have-Lots economy

[Axios] Trump says Iran proposed nuclear deal talks, as U.S. weighs military action

[Yahoo/Bloomberg] Trump Says US Mulling Iran Options as Protest Deaths Mount

[AP] Trump ‘inclined’ to keep ExxonMobil out of Venezuela after CEO response at White House meeting

[CNBC] Japan plans to dissolve parliament with possible snap election in February: NHK

[Yahoo/WSJ] China Has Been Gorging on Black-Market Oil. That’s Now Getting Harder.

[Bloomberg] Powell Probe Is Another Blow to Fed Independence, Scope Says

[Bloomberg] Bill Pulte Seen as Key Instigator Behind Powell Subpoena

[Bloomberg] Data Centers Will Need $3 Trillion Through 2030, Moody’s Says

[Bloomberg] Trump Says He May Veto Extension of Health Care Subsidies

[Bloomberg] Hedge Fund-Lite Trades Are Back From the Dead With $153 Billion

[Bloomberg] Europe and China’s Feud Over Chips Is Reaching a Breaking Point

[NYT] The Potential Fallout From a Legal Attack on Powell

[WSJ] For Years, Powell Avoided Fighting Trump. That’s Over.

[WSJ] U.S. Prosecutors Are Investigating Fed Chair Jerome Powell

[WSJ] Trump’s Investigation of Powell Is Also a Warning to the Next Fed Chair

[WSJ] U.S. Steps Up Planning for Possible Action in Iran

[WSJ] Iran Moderates Back Crackdown on Protests as Regime Closes Ranks

[WSJ] Trump ‘Inclined’ to Keep Exxon Out of Venezuela

[FT] US prosecutors launch criminal investigation into Federal Reserve’s Jay Powell

[FT] The next Fed chair is... Donald Trump

[FT] Bill Pulte: Agent of Chaos

[FT] Donald Trump says US ‘looking’ at military operations in Iran

[FT] Europe needs to think the unthinkable on Nato

[FT] Donald Trump vows to cut off Cuba’s oil supply from Venezuela

[FT] Private equity backers offload record amount of old fund stakes

Sunday Evening Links

Statement from Federal Reserve Chair Jerome H. Powell

[CNBC] Fed Chair Powell says he’s under criminal investigation, won’t bow to Trump intimidation

[CNBC] Fed Chair Powell under criminal probe by federal prosecutors: Report

[Axios] Noem defiant, vows more ICE agents as Dems allege coverup

[BBC] Iran warns it will retaliate if US attacks, as hundreds killed in protests

[Reuters] Cuba defiant after Trump says island to receive no more Venezuelan oil or money

[Reuters] With Venezuela raid, US tells China to keep away from the Americas

[Bloomberg] Powell Says Justice Department Served Fed With Subpoenas

[Bloomberg] Iran Protests Intensify as Activists Say Death Toll Tops 500

[NYT] Federal Prosecutors Are Said to Have Opened Inquiry Into Fed Chair Powell

[WSJ] Fed Gets DOJ Subpoena in Criminal Probe Over Renovations

[WSJ] Russian Flags Proliferate Over Shadow Fleet of Oil Tankers

Sunday's News Links

[AP] Iran warns against US strikes as activists say protest death toll reaches 203

[Axios] Trump declares national emergency to shield Venezuelan oil cash

[Axios] Trump threatens Cuba: Negotiate "BEFORE IT IS TOO LATE"

[Yahoo/Bloomberg] Magnificent 7’s Stock Market Dominance Shows Signs of Cracking

[Yahoo/Bloomberg] More Bonds Are Teetering on the Brink of Junk: Credit Weekly

[Yahoo/Reuters] US to push for quicker action in reducing reliance on China for rare earths

[Bloomberg] The World Order Is Becoming More Cutthroat

[WSJ] U.S. Steps Up Planning for Possible Action in Iran

[WSJ] Iran Threatens to Hit U.S. Bases if Trump Strikes First

[WSJ] Trump’s New Housing Strategy Is All About Boosting Buyers Now

[WSJ] Hedge Funds Get Ready for the ‘Donroe Doctrine’ Trade

[FT] Nato silence on Donald Trump’s Greenland threats rattles European allies

[FT] US corporate bond sales hit $95bn in busiest week since Covid pandemic