US Federal Agency

LONDON (Reuters) - The U.S. dollar was little changed on Thursday, hovering above a one-month low, as minutes from the Federal Reserve's May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings.

In October last year, Tesla was ordered to pay $137 million in damages to a Black former contractor who accused the company of ignoring discrimination and racial abuse

A federal grand jury has heard testimony in recent months about Hunter Biden's income and payments he received while serving on the board of a Ukraine energy company

Investors in India are worried about a possible interest rate hike by the US Fed, which is under pressure to cap inflation. Experts believe that a 25 basis point hike is already penciled in.

Consumer prices are already rising at their fastest pace in four decades, having jumped 7.5 per cent in January compared with 12 months earlier

Musk's attorney Alex Spiro alleged that at least one member of the SEC had leaked "certain information regarding its investigation" without providing any supporting evidence

Spot gold was flat at $1,868.09 per ounce, as of 0331 GMT, hovering near its June high of $1,879.48 hit on Tuesday

Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group

The performance in Asian stocks was sharply divided between Chinese equities and the rest of the region

The amount of cash investors are parking at a major Federal Reserve facility surged above $1 trillion once again amid an overabundance of US dollars

The dollar also scaled a four-month high versus the euro

President Joe Biden is directing federal agencies to develop a comprehensive strategy to identify and manage financial risks to government and the private sector posed by climate change

The Fed will need a "big dose of patience in the summer," she added, as inflation likely picks up sharply but temporarily

In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00 per cent to 1.25 per cent

Redistribution from the bottom to the top reduces aggregate demand, because those at the top spend a smaller fraction of their income than those below

Simons said an agreement between the FTC and the Justice Department to divide scrutiny of the tech industry is based on specific conduct, not on the companies themselves

A US federal agency has tied up with an Indian engineering consultancy services firm to advance the adoption, use and research on commercial scale coal gasification and develop carbon capture storage and utilisation technologies in India. Through its partnership with MN Dastur & Co, a premier consulting firm in the metals, mining and energy sector, the US Department of Energy and its National Carbon Capture Center (NCCC) envisions to accelerate the participation of government of India institutions and the Indian private and state enterprises in the development and commercialisation of technologies to reduce greenhouse gas emissions, a media release said yesterday. As part of the agreement, the NCCC will offer knowledge sharing by its world-class neutral test centre to advance carbon capture technologies relevant to the Indian context, which could then be implemented by the private and state enterprises in India, it said. "Economically attractive hyper-scale coal gasification based