A US judge raises doubts over the legal basis for the administration’s decision to reduce federal funding by billions. A federal judge has questioned the Trump administration’s justification for cutting USD 5.7 billion in federal grants, signaling potential legal hurdles.
Digital Asset Market Clarity Act Targeted for Congressional Passage Before July 4 White House digital assets adviser Patrick Witt said the administration is pushing for the Digital Asset Market Clarity Act to pass Congress before July 4, with the Senate Banking Committee... <
White House targets July 4 for Clarity Act passage, says crypto adviser Patrick Witt The executive director of the President's Council of Advisors for Digital Assets said the Senate Banking Committee hearing will happen this month on market structure. bill.
The media company reports a net loss tied to termination fees and restructuring costs ahead of a pending deal close. Warner Bros Discovery reported a $2.9 billion net loss in its latest quarter, driven by costs related to the Paramount deal and restructuring efforts. The l
Tehran’s review of a US proposal to de-escalate tensions may ease Middle East geopolitical risks, though unresolved demands could limit progress. Iran is assessing a US proposal aimed at ending regional hostilities, though critical demands remain unaddressed, according to
Chicago Fed President sees escalating Middle East tensions as a potential inflationary shock for the U.S. economy. Chicago Federal Reserve President Austan Goolsbee indicated that the economic fallout from the Iran conflict is increasingly resembling an inflationary shock.
Fed's Goolsbee says Iran war impact looking more like an inflationary shock Reuters
Chicago Fed President warns prolonged U.S.-Iran tensions could embed inflation expectations, complicating monetary policy. Chicago Fed President Austan Goolsbee has identified the U.S.-Iran conflict as an emerging inflationary shock, driven by rising oil prices. While empl
The energy firm suspends hedging plans as Middle East tensions drive unpredictable crude price swings. Occidental Petroleum has paused new oil hedging activity, citing heightened volatility driven by the Iran conflict. The move reflects uncertainty over crude price movemen
DoubleLine CEO Jeffrey Gundlach warns private credit funds will underperform as yields fail to offset rising default risks. DoubleLine Capital CEO Jeffrey Gundlach said investors in private credit funds will likely lose money as high yields no longer compensate for increas