Us Federal Agency
Dollar steady near one-month low as Fed minutes contain few surprises
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.
 "Dollar steady near one-month low as Fed minutes contain few surprises")
US federal agency opens probe into Tesla for workplace discrimination
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
 "US federal agency opens probe into Tesla for workplace discrimination")
Federal tax probe into President Biden's son, Hunter, moves forward
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
 "Federal tax probe into President Biden's son, Hunter, moves forward")
US Fed policy and market impact
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.
 "US Fed policy and market impact")
Russia's war on Ukraine will worsen inflation, says Fed's Jerome Powell
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
 "Russia's war on Ukraine will worsen inflation, says Fed's Jerome Powell")
Elon Musk accuses SEC of leaking information from federal probe
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
 "Elon Musk accuses SEC of leaking information from federal probe")
Gold near 8-month high as dovish Fed minutes weigh on dollar, yields
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
 "Gold near 8-month high as dovish Fed minutes weigh on dollar, yields")
Regulators probe block trading at Goldman, Morgan Stanley, others
Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group
 "Regulators probe block trading at Goldman, Morgan Stanley, others")
Stock rally loses steam in Asia as US inflation test looms
The performance in Asian stocks was sharply divided between Chinese equities and the rest of the region
 "Stock rally loses steam in Asia as US inflation test looms")
US Fed's reverse-repo facility usage up to record $1.08 trillion
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
 "US Fed's reverse-repo facility usage up to record $1.08 trillion")
US Treasury yields extend rising run on Federal Reserve's taper talk
The dollar also scaled a four-month high versus the euro
 "US Treasury yields extend rising run on Federal Reserve's taper talk")
Biden directs US federal agencies to mitigate financial risk from climate
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
 "Biden directs US federal agencies to mitigate financial risk from climate")
US Fed officials emphasise policy 'patience' as market outlook improves
The Fed will need a "big dose of patience in the summer," she added, as inflation likely picks up sharply but temporarily
 "US Fed officials emphasise policy 'patience' as market outlook improves")
Dollar sinks after US Fed cut interest rates to battle Coronavirus
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
 "Dollar sinks after US Fed cut interest rates to battle Coronavirus")
Trump's deficit economy
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
 "Trump's deficit economy")
Willing to break up major tech companies, says FTC Chairman Joe Simons
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
 "Willing to break up major tech companies, says FTC Chairman Joe Simons")
US govt agency to help India build carbon capture storage, utilisation tech
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
 "US govt agency to help India build carbon capture storage, utilisation tech")
