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Trump says he’d ‘love to fire’ Jerome Powell in latest attack on Fed chair

about 15 hours ago
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Donald Trump launched another attack against Federal Reserve chair Jerome Powell on Monday, calling the central banker a “fool” and once again suggesting he would like to fire him,Trump launched his latest attack on Powell during a press conference with Israel’s prime minister Benjamin Netanyahu, repeating false claims about the cost of a renovation of the central bank headquarters, and told reporters that he might file a lawsuit against Powell for “gross incompetence”,Trump boasted about what he said was the great state of the US economy, before adding that it was so, “despite the fact that we have a fool at the Federal Reserve,”“I mean, Biden reappointed him,It’s too bad.

You would have thought he wouldn’t have done that,” Trump said, without any acknowledgment that he had first appointed Powell himself, in 2018,“But he’s an absolute fool,” the president continued, “who’s building a new Federal Reserve, or he’s doing a renovation of a building,”Turning to the Netanyahu, Trump then repeated a false claim about the cost of the renovation for the central bank headquarters he has been making for months,“Bibi, he’s up to $4,1bn to do a renovation of a few small buildings,” Trump said, inflating the cost of the renovation, which, as Powell pointed out to Trump on camera this summer, is $2.

5bn.“It’s the highest price in the history of construction,” Trump went on.The president then suggested that the “magnificent, big, beautiful ballroom that the country has wanted, that the White House has wanted for 150 years”, which he is building in place of the demolished East Wing of the White House, will cost “a tiny fraction of that number”.“Gorgeous monuments are built for a much smaller price” than the Federal Reserve renovation, Trump said.“So we’re thinking about bringing a gross incompetence, what’s called a gross incompetence lawsuit, it’s gross incompetence, against Powell,” the president told reporters.

“I’d love to fire him.Maybe I still might,” said TrumpOn the ballroom, Trump said, “we’re under budget and ahead of schedule.”He then immediately contradicted himself, by acknowledging that the latest cost estimate for the ballroom, $400m, is double the $200m he said it would cost a few months earlier.The increased cost, Trump said, came “after realizing that we’re gonna do the inauguration in that building”, which required “all bullet-proof glass” and a “drone-free roof, so drones won’t touch it”.Trump will appoint Powell’s successor next year.

Pushed to say more about who he had in mind for the new Fed chair, Trump said he plans to announce his pick sometime in January.
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Marks & Spencer launches ‘nutrient dense’ range for people on weight-loss jabs

Marks & Spencer is targeting weight-loss jab users with a new range of “nutrient dense” food that it claims will satisfy customers who are eating less.The retailer said the range, which launches on 5 January and includes salads, breads, yoghurt bowls and chicken dinners, was “perfectly portioned to contain high amounts of nutrients per calorie”.People across the UK who are trying to lose weight are increasingly turning to jabs such as Wegovy, Zepbound and Saxenda, which suppress users’ appetites.The trend poses new challenges for food retailers such as M&S, which are trying to maintain sales as some customers eat less.The head of food innovation at M&S, Annette Peters, said the new range was “great if customers are reducing their food intake, such as people using the GLP-1 medications

about 4 hours ago
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Octopus Energy to sell stake in software spin-off Kraken at $8.65bn valuation

Octopus Energy has agreed to sell a stake in its Kraken software arm, in a move that would value the division at $8.65bn (£6.4bn) and could open the way for a stock market flotation.The technology, which it already licenses to some rival suppliers, has been vital to the energy company’s success, making it easier to manage customer billing, smart meters, electric vehicle charging and home batteries to make using renewable power cheaper.Octopus said new investors, including the asset manager Fidelity International and the Ontario Teachers’ Pension Plan Board, had joined existing shareholders to acquire a $1bn stake in the business

about 6 hours ago
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When swiping up doesn’t get you far | Letters

Speaking of odd habits as a result of using technology (Letters, 25 December), I once passed a bus shelter where a mother was waiting with her young child. The shelter had a huge poster of a new mobile phone and the toddler was leaning out of its buggy and desperately swiping the screen of the phone, presumably in the hope of getting cartoons.Ron BaileyNewcastle upon Tyne I read Joanna Rimmer’s letter on this subject and tried to “like” it.Heather BradfordWinchester Which tablet/ebook user hasn’t absentmindedly put their finger on a printed word they don’t know expecting to see the dictionary definition pop up?Tim MartineauWirral, Merseyside I don’t understand why, when reading a physical copy of the Guardian, the page doesn’t scroll when I swipe up. Can this be corrected, please?Geoff Skinner Kensal Green, London I once picked up a pencil to underline something on Wikipedia

about 20 hours ago
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Cryptocurrency slump erases 2025 financial gains and Trump-inspired optimism

As 2025 comes to a close, Donald Trump’s favorable approach to cryptocurrency has not proven to be enough to sustain the industry’s gains, once the source of market-wide optimism and enthusiasm. The last few months of the year have seen $1tn in value wiped from the digital asset market, despite bitcoin hitting an all-time-high price of $126,000 on 6 October.The October price peak was short-lived. Bitcoin’s price tumbled just days later after Trump’s announcement of 100% tariffs on China sent shockwaves across the market on 12 October. The crypto market saw $19bn liquidated in 24 hours – the largest liquidation event on record

about 21 hours ago
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Five things England must do to make it two Ashes Test wins in a row in Sydney

Keira Knightley may not spring immediately to mind as a source of inspiration for Ben Stokes’ captaincy but her tactics for dealing with the paparazzi at the height of her fame recalled some of Stokes’ early forays with the armband.Knightley recently explained to Graham Norton that she refused to have anyone follow her, so would stand stock still for hours at a time until the photographers got bored or, better, weirded out. “I do think I freaked them out, they were like: ‘I don’t understand what’s happening here.’”When Brydon Carse came out to bat at No 3 in England’s successful chase in Melbourne, it drew gasps from the crowd in the stadium and saw a spike in social media and texts from those watching at home. “That’s not … Is that Brydon Carse?”Carse made only six runs, largely playing like a man at a silent disco who has his headset tuned to thrash metal

about 6 hours ago
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Sharp shooters: the best sports photos of 2025 and the stories behind them

We’ve received more than 500,000 sports photographs in the past year, with some absolute belters among them. Here are some of the fleeting moments, wild celebrations and creative compositions that caught our eyes – accompanied by explanations and technical info from the photographers themselves.Chloe Kelly celebrates by Florencia Tan Jun (1/200th sec, f/2.8, ISO 2500)“As a photographer, a penalty shootout in a final feels completely different from a penalty during regular play. I get nervous, especially because the players’ reactions and celebrations are so much more intense, and I still have to make split-second decisions when everything happens at once

about 8 hours ago
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From Central Cee to Adolescence: in 2025 British culture had a global moment – but can it last?

3 days ago
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The best songs of 2025 … you may not have heard

3 days ago
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The Guide #223: From surprise TV hits to year-defining records – what floated your boats this year

3 days ago
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My cultural awakening: a Turner painting helped me come to terms with my cancer diagnosis

3 days ago
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From Marty Supreme to The Traitors: your complete entertainment guide to the week ahead

3 days ago
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Jewish klezmer-dance band Oi Va Voi: ‘Musicians shouldn’t have to keep looking over their shoulders’

4 days ago