US Federal Agency

Case involves the non-delegation doctrine, a legal concept that embraces the view that Congress cannot delegate the legislative powers given to it under the Constitution to other entities

The SEC did not immediately respond to a request for comment after business hours. Lawyers for Musk did not immediately respond to similar requests

A rally in the dollar and the rise in US bond yields following Donald Trump's victory in the US election has weighed on Asian currencies over the last two weeks, including the rupee

Clayton is likely to be seen as a somewhat unconventional pick for the office known for high-profile financial crime and public corruption prosecutions

Federal prosecutors said on Wednesday they are pursuing "several related investigations" that could lead to additional corruption charges against New York City Mayor Eric Adams and indictments for people in his orbit. Prosecutors made the disclosure as the first-term Democrat appeared in court for the first time since his arraignment last week on charges that he accepted about USD 1,00,000 worth of free or deeply discounted international flights, hotel stays, meals and entertainment, and sought illegal campaign contributions from foreign interests. The allegations span nearly a decade, dating to when Adams was Brooklyn's borough president. US District Judge Dale Ho didn't immediately set a trial date. Adams' lawyer, Alex Spiro, asked that it be held in March, before an important mayoral election deadline. Prosecutors say Adams' travel perks were arranged by a senior Turkish diplomatic official in New York and Turkish businesspeople who wanted to gain influence with Adams. The ...

Citigroup was told to address its data management issues in the US after being fined $136 million in July which has added complications in meeting China's licensing requirements

The US Federal Reserve's core inflation data slated to be released on Friday will be eyed closely for further cues on rate cuts

Analysts say banks, auto, real estate, IT, pharma, and metal sectors look attractive after the US Federal Reserve's rate cut

US Fed rate cuts: The last time the Federal Open Market Committee (FOMC) cut by half percentage was in 2008 during the global financial crisis

Share market today: The US Fed's policy decision later today will be a major trigger for markets globally. Apart from that, release of economic data in some Asian markets will also be investors' radar

The FOMC meeting is widely expected to see policy rates reduced by 25 or 50 bps, but investors will also be looking at the Fed's commentary to determine the frequency and quantum of future rate cuts

Earlier in Asian trade, the yen had eased further to a low of 142.95, but was last flat at 142.40 per dollar, perhaps helped a little by hawkish comments from a senior Bank of Japan official

The largest digital asset rose as much as 1.2 per cent to $65,030 on Monday before dipping back to $63,780 as of 9:19 a.m. in New York

Latest readings of the US Federal Reserve's inflation data, RIL AGM, Q1 GDP data in focus during the week

The hotly anticipated speech at the Fed's annual gathering in Jackson Hole, Wyoming, comes at a high stakes moment for the US central bank and the $27 trillion Treasury market

Goolsbee also cautioned against taking too much signal from a global stock market sell-off that accelerated on Monday, amid fears the US central bank has waited too long to begin cutting interest rate

The data likely sets the stage for the Fed to begin cutting rates in September, as the market widely expects

The rupee appreciated 4 paise to 83.57 against the US dollar in early trade on Tuesday, supported by positive trend in domestic equities and foreign fund inflows. Forex traders said dollar demand from local importers limited the rupee's upward momentum. At the interbank foreign exchange market, the rupee opened at 83.59 and gained ground to trade at 83.57 against the greenback in initial deals, registering a rise of 4 paise from its previous closing level. On Monday, the rupee depreciated 10 paise to 83.61 against the US dollar. "The Indian rupee is currently caught in a tug-of-war between negative and positive forces, trading within a tight range," CR Forex Advisors MD Amit Pabari said, adding that continuous intervention by the Reserve Bank of India has helped prevent significant depreciation. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 104.33, higher by 0.14 per cent, driven by stronger-than-expected US Producer

Oil prices gained on strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes

Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 238,000 for the week ended June 29, the Labor Department said on Wednesday