The Rundown DOJ Launches Criminal Investigation Against the Fed, Trump Calls for 10% Interest Rate Cap on Credit Cards
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Jan 12, 2026 Discover Walmart's exciting new AI shopping agreement with Google, enhancing personalized shopping experiences. Explore Trump's bold proposal to cap credit card interest rates at 10%, stirring potential backlash from banks. Dive into the implications of a DOJ investigation into the Federal Reserve, raising questions about market independence. Plus, learn about Allegiant's $1.5 billion acquisition of Sun Country Airlines and the ripple effects it may have in the airline industry. Tune in for these hot topics and market insights!
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DOJ Probe Threatens Fed Independence
- The DOJ opened a criminal investigation into Fed Chair Jerome Powell over a $2.5B renovation, raising concerns about political pressure on the Fed.
- Market reaction showed stocks slipping and gold hitting record highs as investors worried about central bank independence.
Google Embeds Ads In AI Shopping
- Google plans to serve personalized offers inside Gemini's AI shopping mode to boost conversions at the point of purchase.
- This signals a broader push to monetize AI beyond subscriptions, with shopping seen as low-hanging fruit.
Walmart Doubles Down On AI Partnerships
- Google is partnering with Walmart so shoppers can use Gemini to find, compare, and buy products directly from Walmart and Sam's Club.
- Walmart already partnered with OpenAI for instant checkout, showing the retailer's broad embrace of AI to drive sales.