Us Federal Agency

Big banks, business groups sue US Federal Reserve over annual stress tests

These tests determine the capital banks must set aside to meet their obligations and also dictate the scope of dividend payouts and stock buybacks

What gets shut down when US govt stops spending: All you need to know

Government agencies responsible for health, safety and protection of property can continue

Friday midnight deadline looms for US Congress to prevent govt shutdown

Congress has until midnight Friday to come up with a way to fund the government or federal agencies will shut down, meaning hundreds of thousands of federal employees could be sent home or stay on the job without pay just ahead of the holidays. Republicans abandoned a bipartisan plan Wednesday to prevent a shutdown after President-elect Donald Trump and billionaire Elon Musk came out against it. Trump told House Speaker Mike Johnson to essentially renegotiate the deal days before a deadline when federal funding runs out. Here's what to know about a possible government shutdown, what agencies would be affected and how long it could last: What does it mean if the government shuts down? A government shutdown happens when Congress doesn't pass legislation either temporarily or more permanently funding the government, and such a measure isn't signed by the president. When would a government shutdown start? If Congress doesn't approve a continuing resolution or more permanent spendin

Elon Musk, SpaceX face federal scrutiny for lax national security reporting

Elon Musk is required to disclose details about his private life, foreign travel, and other personal activities under the continuous vetting process required for security clearance at SpaceX

Fed policymakers likely to project fewer rate cuts next year, and why

It may not be all that surprising that a growth upgrade for next year may be back in the cards again this week when Fed policymakers gather to deliver what is expected to be a third interest rate cut

US Supreme Court to decide legality of FCC fund for telecom services

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

US judge rejects SEC's attempt to sanction Elon Musk over testimony

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

Relief for Asian peers may slightly aid rupee but portfolio outflows weigh

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

Donald Trump picks Jay Clayton as Manhattan's top federal prosecutor

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

Prosecutors say they may bring additional charges against NY City mayor

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's China expansion plans face delays over pending US Fed clearance

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

Market today: GIFT Nifty up 150 pts; here's your trading guide for Sept 23

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

From auto to banks to IT: Analysts pick top sectors after US Fed rate cut

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

US Fed cuts 50 bps rate: Here're key takeaways from Jerome Powell statement

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

Market today: All eyes on Federal Reserve's policy decision

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

25 or 50: How much will the Fed cut rates to begin its policy easing cycle?

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

Asian shares rise on Wall St tech boost, dollar extends gains on yen

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

Bitcoin touches $65,000 mark on Powell pivot, streak of ETF flows

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

Share market today: US Fed rate, Israel war, Interarch IPO listing in focus

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

Fed chief Powell confronts policy crossroads with all eyes on Jackson Hole

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