Jan 11, 2026 · QQQ/SPY Market Review · 14 headlines
U.S. markets were closed Sunday, leaving policy, geopolitical and technology developments in focus. The Justice Department opened a criminal investigation into Fed Chair Jerome Powell over the central bank's $2.5 billion headquarters renovation, while Senator Thom Tillis said he would oppose the next Fed chair nominee after Justice Department subpoenas. The U.S. was discussing responses to Iran ranging from cyberattacks to military strikes, and Trump signed an order protecting Venezuelan oil revenue. Walmart and Google announced Gemini-powered shopping experiences, while India was reportedly considering a proposal requiring smartphone manufacturers to disclose source code.
Published
The Justice Department opened a criminal investigation into Fed Chair Powell over the Fed's $2.5 billion headquarters renovation and whether he misled Congress. Senator Thom Tillis said he would oppose the next Fed chair nominee after Justice Department subpoenas and criticized pressure on central-bank independence.
The U.S. was discussing response options toward Iran ranging from cyberattacks to military strikes, with Trump scheduled to receive a briefing Tuesday. Trump also signed an executive order protecting Venezuelan oil revenue held in U.S. accounts.
Walmart and Google announced a partnership to launch Gemini-powered shopping experiences with personalized product discovery and fast delivery.
India was reportedly considering a proposal that would require smartphone manufacturers, including Apple and Samsung, to disclose source code.
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