Caroline Hepker

JP Morgan CEO Jamie Dimon told reporters after the bank's earnings that anything that chips away at the Fed's independence is, quote, probably not a good idea.

The US president was asked about Dimon's comments.

The Trump administration last week threatened criminal charges against the Fed and has sought to remove members of the monetary policy committee, including Lisa Cook.

The comments come as silver broke above $90 an ounce for the first time and gold flirted with a record high as attacks on the Federal Reserve and a tense geopolitical backdrop added impetus to a rally in precious metals.

The UK and the European Union should step up their financial ties in order to boost both economies.

That's according to the City of London's governing body, which says that closer cooperation will be good for business.

Bloomberg's Tiba Adebayo has more.

That's news when you want it with Bloomberg News Now.

I'm Caroline Hepker.

And I'm Caroline Hepker.

Greenland's Prime Minister has ruled out the possibility of the territory becoming part of the United States.

At a joint press conference with Danish Prime Minister Meta Fredriksen in Copenhagen, Jens Fredrik Nielsen delivered a forceful response to President Trump's repeated claims that the US must own Greenland.

Asked about those comments by Greenland's Prime Minister Jens Fredrik Nielsen, the US President said, I don't know who he is, I don't know anything about him, but that's going to be a big problem for him.

The remarks come ahead of a high-stakes meeting in Washington later today between the Danish and Greenlandic foreign ministers and the US Secretary of State Marco Rubio and Vice President J.D.

Vance.

China's trade surplus hit a new record last year, seemingly unfazed by the US trade war.

The world's second largest economy took in a net $1.2 trillion from trade in 2025.

Data for last month showed exports rising by 6.6%, more than double the median economist's estimate.

But booming trade underlines the rift between China's manufacturing power and its stubbornly weak domestic economy.

Sticking to the UK, as many as 200,000 homes could face a new tax on properties worth more than £2 million.