Category: Federal
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Federal Reserve’s hawkish rate cut a signal for investors
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Breadcrumb links Investor Martin Pelletier: We must all become experts on monetary policy, as our investment portfolios depend on it Posted on December 30, 2024 • Last updated 25 minutes ago • 3 minutes read You can save this article by registering for free here. Or log in if you…
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Federal Reserve to Own Bitcoin? Lummis Proposes Change
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In an interview with Yahoo Finance, US Senator Cynthia Lummis of Wyoming introduced a proposal to give the Federal Reserve the authority to hold Bitcoin as part of the official US reserves. It argues that this approach could improve the country’s long-term financial stability, strengthen the global role of the…
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JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
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A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, alleging that the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. In the federal civil complaintThe Consumer Financial Protection Bureau…
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Federal government to table fiscal update next week
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Breadcrumb links news economy Fears that Ottawa will not meet its pledge to keep the deficit below $40.1 billion Published on December 9, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Deputy Prime Minister and…
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Rivian wins preliminary approval for $6.6B federal loan for Georgia EV plant
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Rivian (RIVN) announced late Thursday night that it has received a “conditional commitment” from the Department of Energy (DOE) for a $6.6 billion loan, highlighting Rivian’s improving capital situation. The loan, part of the Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) program, will support construction of Rivian’s upcoming assembly…
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Rivian wins preliminary approval for $6.6B federal loan for Georgia EV plant
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Rivian (RIVN) announced late Thursday night that it has received a “conditional commitment” from the Department of Energy (DOE) for a $6.6 billion loan, highlighting Rivian’s improving capital situation. The loan, part of the Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) program, will support construction of Rivian’s upcoming assembly…
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Federal prosecutors dismiss Trump documents case in major presidential perk
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Federal prosecutors moved Monday to dismiss Secret documents case against President-elect Donald Trump In light of the Justice Department’s long-standing policy that sitting presidents cannot face criminal prosecution. The announcement came in a lawsuit before the Florida Court of Appeals shortly after prosecutors in Washington, D.C., filed a similar suit,…
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Federal prosecutors dismiss Trump documents case in major presidential perk
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Federal prosecutors moved Monday to dismiss Secret documents case against President-elect Donald Trump In light of the Justice Department’s long-standing policy that sitting presidents cannot face criminal prosecution. The announcement came in a lawsuit before the Florida Court of Appeals shortly after prosecutors in Washington, D.C., filed a similar suit,…
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Federal Reserve is set to cut rates again while facing a hazy post-election outlook
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Breadcrumb links PMN BMN Business Article writer: Associated Press Christopher Rugaber Published on November 3, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Federal Reserve Chairman Jerome Powell speaks during a news conference…
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Tether In The Hot Seat: US Federal Inquiry Into Potential Sanctions And AML Violations
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Cryptocurrency company Tether is currently under federal investigation for potential sanctions and anti-money laundering (AML) violations, according to the Wall Street Journal. The criminal investigation, led by prosecutors from the US Attorney’s Office in Manhattan, is examining whether Tether’s USDT stablecoin was used by third parties to fund illicit activities,…
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Tether In The Hot Seat: US Federal Inquiry Into Potential Sanctions And AML Violations
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Cryptocurrency company Tether is currently under federal investigation for potential sanctions and anti-money laundering (AML) violations, according to the Wall Street Journal. The criminal investigation, led by prosecutors from the US Attorney’s Office in Manhattan, is examining whether Tether’s USDT stablecoin was used by third parties to fund illicit activities,…
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Federal Reserve speakers on Tuesday include Kugler, Bostic, Collins, Jefferson
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Times listed are in US EST/GMT format: 0700/0300 Fed Governor Adriana Kugler talks ‘global inflation’ ahead of ECB’s 2024 hybrid monetary policy conference 1245/1645 Atlanta Fed President Rafael Bostic delivers remarks and participates in a moderated conversation on the economic outlook prior to the Consular Corps luncheon in Atlanta. 2000/1600…
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Stellantis sues UAW in US federal court over strike threats By Reuters
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Written by David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) – Stellantis, the parent company of Chrysler (NYSE:), has filed a federal lawsuit against the United Auto Workers, saying the union violated a contract by threatening to strike over the company’s delay in a planned investment. The automaker filed the lawsuit…
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Federal Reserve speakers on Thursday include Powell and Williams, dissenter Bowman also
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Watch for signals on the next rate cut from the Federal Open Market Committee. Expectations are currently growing for another 50 basis point rate cut at the November meeting. The times listed below are US Eastern Standard Time / GMT: 0910/1310 Boston Fed President Susan Collins hosts virtual conversation with…
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Federal Reserve Cuts Interest Rates by 50 Basis Points to Address Economic Uncertainty
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The US Federal Reserve today made a major decision to cut interest rates by 50 basis points, reducing the federal funds rate range to 4.75% – 5%. The move, the first major cut in more than four years, reflects concerns about the state of the US economy, despite the continued…
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ForexLive Asia-Pacific FX news wrap: Awaiting the Federal Open Market Committee (FOMC) cut
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Jobs report will help Federal Reserve decide how much to cut interest rates
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Christopher Rugaber Published on September 6, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — Friday’s monthly jobs report is…
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Federal Open Market Committee (FOMC) blackout period begins on the weekend
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…