Trump signals he has a favorite for Fed chair: ‘Down to maybe one, in my mind’

Key Points

President Donald Trump said Wednesday he is nearing the end of a search to replace Federal Reserve Chair Jerome Powell and hinted he has his candidate in mind.
“I’d say we’re down to three, but we’re down to two. And I probably can tell you, we’re down to maybe one, in my mind,” the president told CNBC’s Joe Kernen in an interview at the World Economic Forum in Davos.

Source

Finance

Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise

January 21, 2026

Key Points President Donald Trump urged Congress to pass a law limiting credit card interest rates to 10%. It followed a social media post where he urged banks to set that cap. The banking industry has criticized the proposal. Source

Finance

Berkshire prepares to exit 28% stake in Kraft Heinz as new CEO aims to move on from rare Buffett gaffe

January 21, 2026

Warren Buffett, Greg Abel and Ajit Jain during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Berkshire Hathaway, with new CEO Greg Abel in charge, has taken a formal step toward unwinding a rare misstep by Warren Buffett. The conglomerate, which owns GEICO insurance and BNSF Railway, registered its […]

Finance

Stocks making the biggest moves after hours: Netflix, United Airlines, Interactive Brokers and more

January 20, 2026

Check out the companies making headlines in after-hours trading. Netflix — Shares of the streaming giant declined 4% after Netflix reported a narrow earnings beat for the quarter that ended Dec. 31, posting earnings per share of 56 cents while analysts polled by LSEG estimated 55 cents per share. The company’s revenue of $12.05 billion […]