Some investors aren't happy with President Trump's Federal Reserve chair nominee Kevin Warsh.Why it matters: He hasn't even been confirmed for the job, and there's already tension in the market. What they're saying: "I don't like the pick," Neil Dutta, chief economist at Renaissance Macro Research, wrote in a note to clients. Dutta tells Axios: "I don't think people should change their investment plans around Warsh. The Fed is bigger than any one person.

Forecasters are eyeing another winter storm that could drop several more inches of snow in places that still haven't thawed out from last weekend's record-setter.Threat level: "The storm will produce snow and rain over parts of the Middle/Lower Mississippi Valley by Thursday evening, then move across the southern Ohio and Tennessee Valleys on Friday morning," the National Weather Service said on Thursday morning."By Friday evening into Saturday, the snow will move into the so...

Microsoft had one of its worst selloffs in history after it increased its AI spending plans.

The ouster of Trump-picked prosecutor Lindsey Halligan capped a months-long battle between the Justice Department and a Virginia district court, but the DOJ isn't backing down from its "war" against judges.Why it matters: The Eastern District of Virginia emerged as a testing ground for whether the Trump administration could simply ignore court rulings it doesn't like.

Support among House Democrats for impeaching Homeland Security Secretary Kristi Noem has skyrocketed in recent days — but a vote may not come any time soon.Why it matters: Democrats can in theory force a vote whenever they want, but House Minority Leader Hakeem Jeffries (D-N.Y.) made clear Thursday they are going to take their time and let a careful investigation play out first."We don't want a show vote.

Senate Minority Leader Chuck Schumer (D-N.Y.) is directly engaged with the White House on a plan to avert — or shorten — a partial government shutdown, according to a person familiar with the matter.Why it matters: The compromise, if agreed to, would pass five of the six appropriations bills and then fund the Department of Homeland Security with a short-term spending stopgap.But with part of the government running out of money on Friday night, the timing remains tight, and a ...

Axios CEO Jim VandeHei and Axios chief technology officer Dan Cox were chatting about how to share the basics of AI, and this prompting primer was born: The No. 1 pushback we get from AI skeptics or newbies is: "It's overhyped. I asked it something and it spit out an unimpressive answer!"Truth bomb: It's not the AI. It's you.Why it matters: Ask top large language models like ChatGPT something simple or generic, and you will get a simple or generic answer.

Border czar Tom Homan, President Trump's new man on the ground in Minnesota, struck a cooperative tone Thursday and said he sees a path to de-escalation in the Twin Cities.Why it matters: After weeks of unrest in Minnesota, Homan is taking on the mantle of mediator as other Trump administration officials face scrutiny for their roles in the crisis and the president continues to spar with local and state officials."I'm not here because the federal government has carried this m...

The Justice Department said Friday it was releasing the final tranche of Epstein files after a lengthy review, U.S.

President Trump said Thursday that Russian President Vladimir Putin had agreed to his request to halt missile and drone strikes on Kyiv and other cities in Ukraine because of the extreme cold in the country.Why it matters: Russian strikes have left many Ukrainians without power or heat at a time when temperatures are well below freezing.

Iranian foreign minister Abbas Araghchi said at a press conference Friday that Iran is ready to resume nuclear talks with the U.S. but stressed the Trump administration needs to stop threatening an attack against Iran. Why it matters: President Trump has ordered a massive U.S. military buildup in the Gulf ahead of a possible strike against Iran.

House Minority Leader Hakeem Jeffries (D-N.Y.) voiced stern opposition Friday to a Republican-led effort to expel Rep. Sheila Cherfilus-McCormick (D-Fla.) from Congress over allegations of financial misconduct.Why it matters: Expulsion requires a two-thirds majority to pass, meaning it would need substantial Democratic support even if all Republicans vote for it.

As the Trump administration ramps up federal immigration enforcement, experts say children across the country may be absorbing the fear and uncertainty of ICE operations — even when they don't understand all the details.

Gold and silver prices cratered Friday after President Trump named Kevin Warsh to lead the Federal Reserve, following months of gains driven in no small part by fears over the central bank's independence.The big picture: The selloff follows a year when the precious metals soared as if they were meme stocks or the hot new tech darling.

Rep. Greg Steube (R-Fla.) said Thursday he will force a vote next week to expel Rep.

Journalist Don Lemon was arrested by federal agents on Thursday night following backlash over his coverage of an anti-ICE protest in a Minnesota church, his lawyer said Friday morning. Why it matters: The former CNN anchor's arrest comes after a magistrate judge rejected the DOJ's initial attempt to bring a case against him last week, citing insufficient evidence that he violated any law.