By Andrew ChungThe U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president.The court, in a 5-4 ruling, blocked Trump's bid t…
US DALLAS FED MANUFACTURING BUSINESS ACTIVITY INDEX 0.0 IN JUNE VS. 0.4 IN MAY, -2.3 IN APRIL
The Supreme Court has rejected President Trump's attempt to fire Federal Reserve board member Lisa Cook. The decision preserves her position and is widely seen as reinforcing the Federal Reserve's independence. In a 5-4 decision, the Court upheld the lower courts' rulings that Cook could continue s…
1033 ET - The Supreme Court has rejected President Trump's attempt to fire Federal Reserve board member Lisa Cook. The decision preserves her position and is widely seen as reinforcing the Federal Reserve's independence. In a 5-4 decision, the Court upheld the lower courts' rulings that Cook could…
1033 ET - The Supreme Court has rejected President Trump's attempt to fire Federal Reserve board member Lisa Cook. The decision preserves her position and is widely seen as reinforcing the Federal Reserve's independence. In a 5-4 decision, the Court upheld the lower courts' rulings that Cook could…
By Sukanya MitraGold prices fell on Monday as fresh U.S.-Iran tensions lifted oil prices and sparked fears of inflation, bolstering expectations of higher interest rates.Spot gold slid 1.03% to $4,045.95 per ounce by 8:51 a.m. ET (12:51 GMT), while U.S. gold futures TVC:GOLD for August delivery fel…
June 29 (Reuters) – Details of the Federal Reserve Bank of Dallas' Texas monthly manufacturing index released on Monday. Following are details from the survey.Only some items are seasonally adjusted:June May Index IndexProduction…
By Ann SaphirFederal Reserve Governor Lisa Cook was the first U.S. central banker to be targeted for firing by any president. She is no stranger to being first, or to being targeted.The daughter of a nursing professor mother and hospital chaplain father, Cook and her sisters were among the first Bl…
Amman, Jordan, Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical group, concluded its participation at the World Economic Forum's Annual Meeting of the New Champions (AMNC) 2026, held in Dalian, People's Republic of China from 23 to 25 June. Convening under the theme "Innovating a…
US SUPREME COURT: LISA COOK CASE TO BE RETURNED TO LOWER COURT FOR MORE LITIGATION BUT MEANWHILE SHE STAYS ON THE FEDERAL RESERVE BOARD
India's cabinet has approved an additional investment commitment of 300 billion rupees ($3.17 billion) into the state-backed sovereign wealth fund, the government said on Monday.The investment will raise the federal government's commitment to the National Investment and Infrastructure Fund (NIIF) t…
Monday, June 29th, 2026We begin a new holiday-shortened trading week (we’ll observe Independence Day this year on Friday, July 3rd, which will make for a nice three-day weekend) looking at jobs numbers from last week, last month and before. We call it “Jobs Week” in this column — each month we’re t…
By Rajendra JadhavIndian farmers have fallen behind in planting summer crops, including rice, cotton, corn and soybeans, as a slow start to the monsoon has meant below average rainfall so far.India is the world's largest rice exporter, accounting for about 40% of global shipments.Its farmers begin…
US SUPREME COURT: PRESIDENT CANNOT FIRE FED GOV LISA COOK; BUT PRESIDENT CAN FIRE FTC COMMISSIONER KELLY
By Andrew ChungThe U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president.The court, in a 5-4 ruling, blocked Trump's bid t…
By Ahmed Rasheed and Sarah El SaftyAn economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq's aggressive push for a higher OPEC production quota, potentially placing it on a collision course with the producer bloc.The pressure from Baghdad adds to the…
Abu Dhabi, United Arab Emirates – Al Masraf (Arab Bank for Investment and Foreign Trade) has announced the launch of its new corporate identity, marking a new phase in its journey built on trust, expertise and long-standing relationships. The new identity reflects the Bank’s ambition to deliver pr…
Brazil's government on Monday unveiled another initiative aimed at renegotiating consumer debt, this time targeting borrowers who are up to date on their payments, as President Luiz Inacio Lula da Silva moves closer to an October re-election bid.
Zhambyl Region, Kazakhstan – Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, today formally broke ground on its 1-gigawatt (GW) wind farm in the Zhambyl region of Kazakhstan.The wind farm is Masdar’s first renewable energy development in Kazakhstan and one of the larges…
