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Gold
4587.84
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Real-time News
Market news: AI chip startup Etched has raised $500 million. In a funding round led by Stripes, Etcheds valuation reached $5 billion.According to the Financial Times, Amazon (AMZN.O) has sought discounts from suppliers ranging from low single-digit percentages to as high as 30%.According to the Financial Times, Amazon (AMZN.O) is pressuring suppliers to lower prices ahead of the Supreme Courts tariff ruling.On January 14th, a letter seen by the Financial Times revealed that Federal Reserve Chairman Jerome Powell wrote to several senators last July detailing the Feds $2.5 billion building renovation project, complicating the Trump administrations claims that he misled Congress. The four-page letter was sent two and a half weeks after Powell testified before the Senate Banking Committee on the projects cost overruns. Powell is currently under criminal investigation by the Justice Department for his testimony to the committee. Trump and several senior government officials have accused Powell of misleading Congress regarding the size and scope of the renovation. Jeanne Piro, the U.S. Attorney for the District of Columbia overseeing the criminal investigation, stated that her office issued subpoenas partly to learn more about "the Chairmans testimony before Congress on the project." She said her office had repeatedly requested information but "received no response." However, the letter indicates that Powell provided extensive answers to questions raised by lawmakers.Market news: Netflix (NFLX.O) is considering revising its takeover offer for Warner Bros. Discovery (WBD.O) to an all-cash transaction.
