Trump demands Fed listen to him as he lines up new leader: ‘I’m a smart voice’

Donald Trump declared he “should be listened to” by the Federal Reserve, as he weighs candidates to lead the central bank amid an extraordinary campaign by the White House to exert greater control over its decisions.The US president said on Friday that former Fed governor Kevin Warsh is currently top of his list to chair the central bank.Jerome Powell, the current Fed chairperson, is scheduled to finish an eight-year stint in the role next May. He has repeatedly defied Trump’s demands for drastic cuts to interest rates, prompting the president to launch a string of public attacks.Trump is also considering his adviser Kevin Hassett, who leads the National Economic Council, as a potential chair of the Fed

‘Every Leon should be magical’: food chain’s co-founder on what went wrong – and how to fix it

John Vincent on bouncing back after cutting branches, refreshing the menu, and staff learning from martial arts John Vincent is going back to the future. Four years after selling Leon, the fast food chain named after his father and founded in 2004 with two friends, he has bought it back with hopes of reviving its fortunes.“In a crisis you need a pilot in full control,” the martial arts fan says, speaking to the Guardian from Leon’s headquarters near London Bridge.He is getting his metaphorical trainers on to “outrun the lion” as he ploughs his efforts and his own money into reviving the troubled chain.The former management consultant bought back Leon for a rumoured £30m-£50m – significantly less than the £100m he sold it for – from the supermarket chain Asda in October, 21 years after the first restaurant opened in Camden

Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

Do Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud.The South Korean, 34, had pleaded guilty to two counts of US charges of conspiracy to defraud and wire fraud.Kwon, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, was sentenced at a hearing in New York.The US district judge Paul Engelmayer called his crimes “a fraud of epic generational scale”

Elon Musk teams with El Salvador to bring Grok chatbot to public schools

Elon Musk is partnering with the government of El Salvador to bring his artificial intelligence company’s chatbot, Grok, to more than 1 million students across the country, according to a Thursday announcement by xAI. Over the next two years, the plan is to “deploy” the chatbot to more than 5,000 public schools in an “AI-powered education program”.xAI’s Grok is more known for referring to itself as “MechaHitler” and espousing far-right conspiracy theories than it is for public education. Over the past year, the chatbot has spewed various antisemitic content, decried “white genocide” and claimed Donald Trump won the 2020 election.Nayib Bukele, El Salvador’s president, is now entrusting the chatbot to create curricula in classrooms across the country

Racing honours Hunt family as outsider Glengouly hits jackpot at Cheltenham

This was an afternoon at the track when the big-race result was secondary to the cause it was supporting. For Faye Bramley it also marked a huge step forward in her training career as Glengouly, a 33-1 outsider, made all the running to win the Support the Hunt Family Fund December Gold Cup.The Hunt Family Fund was set up by the BBC racing commentator, John Hunt, and his daughter, Amy, after the murder of his wife, Carol, and daughters, Hannah and Louise, to raise awareness of violence against women and support causes relating to young women.Saturday’s race, the traditional feature of the December meeting, came at the end of a series of events over the past week, including a dinner and auction at Cheltenham on Thursday, which has raised nearly £500,000.Hunt called the race as usual for Radio 5 Live, and said afterwards that, like most of those watching from the stands, he had expected Glengouly to be swallowed up by either Jagwar, the 11-4 favourite, or Vincenzo, the 7-2 second-favourite, after the turn for home

Lindsey Vonn second at St Moritz a day after historic World Cup win

At 41, Lindsey Vonn is no longer defying expectations so much as resetting them. One day after becoming the oldest woman to win a World Cup race, the American came within a quarter-second of doing it again, finishing second in Saturday’s downhill at St Moritz behind Germany’s Emma Aicher.Less than 24 hours after rewriting the World Cup age record, Vonn briefly looked on course for another victory as she surged ahead of Italy’s Sofia Goggia on the sunlit Corviglia course. But Aicher, skiing immediately after her, attacked the increasingly rutted track and edged Vonn by 0.24 seconds to deny her a rare opening-weekend double