Bessent says Trump’s pick for the next Fed chair could happen next week

Key Points

After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent told CNBC on Tuesday.
“My guess is the president will reach a decision maybe as soon as next week,” he said during the interview at the World Economic Forum in Davos.

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Finance

Bessent says Powell attending Supreme Court arguments on Lisa Cook is a mistake

January 20, 2026

Key Points CNBC reported Monday, citing a person familiar with the matter, that Powell plans to be present for oral arguments in a case that challenges Trump’s power to remove governor Lisa Cook. “I actually think that’s a mistake,” Bessent told CNBC’s Joe Kernen in an interview from the World Economic Forum in Davos, Switzerland. […]

Finance

Stocks making the biggest moves premarket: Nvidia, JB Hunt, 3M, Micron & more

January 20, 2026

Check out the companies making headlines before the bell: Nvidia — The chipmaker dropped around 2% to lead tech shares lower, with traders trimming positions in the AI giant as global trade tensions escalate following President Donald Trump’s latest tariff threat over Greenland. J.B. Hunt Transport Services — The transportation and logistics company fell more […]

Alibaba-backed startup Moonshot AI’s valuation is up 0 million, sources say, after its rivals IPO in Hong Kong

Finance

Alibaba-backed startup Moonshot AI’s valuation is up $500 million, sources say, after its rivals IPO in Hong Kong

January 19, 2026

Key Points Investors are now valuing Alibaba-backed Moonshot AI at $4.8 billion, two people familiar with the matter told CNBC. It’s a $500 million increase in the valuation the startup achieved last month. The investor interest comes after two rival Chinese AI companies — Zhipu and MiniMax — surged after going public in Hong Kong […]