Economy

• Republican Sen. Thom Tillis vows to block Trump's Fed nominees following Powell probe - Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell.
• Wallace: Crypto Volumes Not Large in DIFC But Growing - Dubai's financial regulator is rolling out major updates to its crypto-token framework to bolster & regulate its digital asset environment. Elisabeth Wallace, Associate Director of Policy & Legal at the Dubai Financial Services Authority sp
• Banks including Citi, JPMorgan slide after Trump calls for credit card interest rate limit - Posting on Truth Social, Trump said said he would "no longer let the American Public be 'ripped off' by Credit Card Companies."
• We're in a 'hiring recession,' economist says — how job seekers can stand out - The job market flatlined in 2025. The first half of this year is expected to bring more of the same, economists said.
• Trump revealed some of Friday's jobs data early in post the prior day - The president indicated that private sector payrolls had expanded by 654,000, a total that would have included Friday's jobs count for December.
• U.S. payrolls rose 50,000 in December, less than expected; unemployment rate at 4.4% - Nonfarm payrolls were expected to rise by 73,000 in December as the unemployment rate moved lower to 4.5%.
• Trump instructs 'representatives' to buy $200 billion in mortgage bonds, aiming to lower rates - President Donald Trump said he is "instructing my Representatives" to buy $200 billion in mortgage bonds.
• The December jobs report is due out Friday. Here's what it is expected to show - Nonfarm payrolls likely rose by 73,000 last month while the unemployment rate edged lower to 4.5%, according to the Dow Jones consensus.
• The Supreme Court may rule Friday on Trump's tariffs. Here's what's at stake for the economy - The decision is poised to have far-reaching impacts on not only trade policy but also the U.S. fiscal situation.
• Trade deficit in October hits smallest since 2009 after Trump's tariff moves - The trade shortfall was just $29.4 billion for October, down 39% from the prior month.