US stock futures retreated on Monday as Wall Street looked ahead to a parade of Federal Reserve speakers and a key inflation print for clues to the chances of further US interest-rate cuts. Dow Jones Industrial Average futures slipped roughly 0.4%, while those on the S&P 500 (ES=F) inched down 0.3%. Contracts on the tech-heavy…
By Daniel Wiessner and Jan Wolfe (Reuters) – A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Governor Lisa Cook – the first time a president has pursued such action since the central bank’s founding in 1913 – in the latest step in a legal battle that threatens the…
By Daniel Wiessner (Reuters) -A federal judge on Friday will consider whether to block President Donald Trump temporarily from firing Federal Reserve Governor Lisa Cook while she pursues a lawsuit claiming Trump has no valid reason to remove her. The hearing scheduled for 10 a.m. EDT (1400 GMT) before U.S. District Judge Jia Cobb in…
The Federal Reserve won a legal victory Monday when a federal judge denied a request for a temporary restraining order compelling the central bank’s Federal Open Market Committee (FOMC) to open its rate deliberations to the public starting Tuesday and Wednesday. The request came as part of a lawsuit filed by money manager Azoria Capital…
Circle’s (CRCL) massive rally shows no signs of cooling. The stablecoin issuer soared as much as 15% in early trading on Friday, extending its stunning post-IPO surge as Wall Street bets big on crypto’s next major disruptor. “Circle as a top-tier crypto ‘disruptor’ with a sizeable future opportunity,” Seaport Research Partners analyst Jeff Cantwell wrote…
(Reuters) – Federal Reserve Governor Michelle Bowman, one of the U.S. central bank’s most hawkish policymakers, on Friday signaled she may pay increasing attention to signals from the job market as she weighs policy decisions ahead. Bowman was responding to research presented at a conference examining how the rate-setting Federal Open Market Committee’s monetary policy…