Justice Financial News

Subscribe to enjoy similar stories. The latest spat between US Federal Reserve chair Jerome Powell and US President Donald Trump strikes at the very heart of what central banks hold dear as the key to not just long-term financial stability, but also economic growth: central bank independence. Calling the Department of Justice probe into the testimony he gave last year to a Senate panel on renovations of Fed buildings “unprecedented," Powell said he believed the action was a direct consequence of the president’s anger over the Fed’s refusal to reduce interest rates despite White House pressure.

Subscribe to enjoy similar stories. Wall Street thought it had an ally in Donald Trump. He’s becoming more of an adversary.

Subscribe to enjoy similar stories. In his second term, President Donald Trump has attacked Federal Reserve Chair Jerome Powell and his underlying institution with little impact on the markets. That may soon change as investors digest the administration’s criminal investigation into Powell for allegedly lying to Congress.

Subscribe to enjoy similar stories. The Justice Department’s investigation of Federal Reserve Chair Jerome Powell represents an escalation of an unprecedented White House campaign to shape what happens at the central bank. The investigation is centered on testimony Powell gave to Congress last summer, when he defended the Fed’s expensive efforts to renovate its headquarters in Washington.

Subscribe to enjoy similar stories. President Trump has complained to aides repeatedly in recent weeks about Attorney General Pam Bondi, describing her as weak and an ineffective enforcer of his agenda, administration officials and other people familiar with his complaints said. The criticisms appear to be part of an intense campaign by Trump to pressure the Justice Department to more aggressively pursue his priorities, some of the officials said.

Subscribe to enjoy similar stories. For years, Federal Reserve Chair Jerome Powell has responded to President Trump’s broadsides in ways that generally avoided escalation. That changed on Sunday night.

Subscribe to enjoy similar stories. The dollar fell the most in three weeks in overnight trading, while Treasury bond yields retreated and gold soared to a fresh record high as global markets reacted to a U.S.

Subscribe to enjoy similar stories. The criminal investigation into Federal Reserve Chair Jerome Powell isn’t ultimately about the Fed’s headquarters, or Powell, or even interest rates. It’s about power.

Subscribe to enjoy similar stories. The Federal Reserve received grand jury subpoenas from the Justice Department on Friday that threaten a criminal indictment relating to Chair Jerome Powell’s testimony last summer about the central bank’s building renovation project, the Fed chair said in a video statement on Sunday night.

In relief to Vedanta Ltd, the Delhi High Court has ordered status quo on the Union government’s direction asking the company to stop operations and hand over the CB-OS/2 offshore oil and gas block in Gujarat to the Oil and Natural Gas Corp. (ONGC).A single judge bench of Justice Amit Sharma passed the interim order on Tuesday, and released today.The order effectively puts the government’s takeover plan on hold while Vedanta’s legal challenge is examined.

About the author: Carolyn Kissane is the associate dean of the NYU-School of Professional Studies Center for Global Affairs, and the founding director of the SPS Energy, Climate Justice, and Sustainability Lab.Guest commentaries like this one are written by authors outside the Barron’s newsroom. They reflect the perspective and opinions of the authors. Submit feedback and commentary pitches to [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

Justice Department has stated explicitly that it is no longer in the business of routinely complying with orders from federal district courts or courts of appeal, and the administration has treated laws mandating spending (and more) as optional.The rhetorical foundation for these moves is Trump’s claim to have a “mandate” in the form of his (slender) election victory in November 2024. Never mind that, under the US constitutional system, presidents exercise authority within the terms set by the country’s laws.

Fed independence by finding a way to distinguish it from other agencies over which the president has asserted a right to remove “principal” officers at will. Regardless of the outcome of litigation over the attempt to remove Fed Governor Lisa Cook, though, the central bank’s independence already has been significantly impaired.For example, Trump has asserted that all interpretations of law and review of agency expenditures, including by the Fed, fall within the purview of the White House and Justice Department.

Subscribe to enjoy similar stories. The Justice Department released a second trove of files related to the late Jeffrey Epstein, including a fake video that purported to show the sex offender’s suicide. Roughly 11,000 documents were posted on the department’s website on Tuesday.

Subscribe to enjoy similar stories. The U.S.’s pursuit of oil tankers around Venezuela is part of a new legal strategy under the Trump administration to seize ships that transport black market oil around the world, according to Justice Department officials. The fresh approach has been seen in recent days by the Coast Guard’s pursuit of the Bella 1, a sanctioned oil tanker whose crew refused to be boarded on Sunday.

Subscribe to enjoy similar stories. WASHINGTON—Some of the most influential people in President Trump’s orbit, past and present, are facing off in the unfolding drama over the future of Warner Bros. Discovery.

Subscribe to enjoy similar stories. The week-long disruption at IndiGo—India’s largest airline—resulted in more than 1,500 flight cancellations and widespread delays across major airports, prompting the Directorate General of Civil Aviation (DGCA) to issue a show-cause notices to chief executive officer (CEO) Pieter Elbers and other executives for failing to ensure reliable operations. The crisis has deeper roots in a decade-long legal dispute over the rights of pilots to regulated work hours and strict enforcement of fatigue-mitigation norms.

Subscribe to enjoy similar stories. Netflix and Warner Bros. Discovery have reached a deal—but getting it approved won’t be so easy.

Subscribe to enjoy similar stories. New Delhi: Mining and metals conglomerate Vedanta Ltd, through its promoter entity Vedanta Holdings Mauritius II Ltd (VHML), has moved the Delhi high court challenging the income tax department's claim that the group gained undue tax advantage of about ₹1,308 crore through the misuse of the India–Mauritius tax treaty.

Subscribe to enjoy similar stories. The Delhi High Court on Tuesday allowed domestic drugmaker Dr Reddy’s Laboratories to manufacture and export its generic version of semaglutide to countries where the patent-holder Novo Nordisk does not have patent protection. Notably, semaglutide is the compound behind the Danish drugmaker’s blockbuster weight-loss drug Ozempic.

NIA judge hearing the 2008 Malegaon blasts case, Judge AK Lahoti, has been named in the general transfer list of district judges released by the Bombay High Court. The lawyer representing the families of the blast victims had earlier written to the Chief Justice of Bombay High Court, urging his intervention to retain Judge Lahoti in Mumbai. Judge AK Lahoti has been transferred from the Mumbai court to Nashik. The general transfer list released by the Bombay HC names more than 200 district judges. The judges are directed to assume office on June 9, after the court reopens for summer vacation. Earlier, on March 20, the lawyer representing the victims' families wrote to Bombay Chief Justice Alok Aradhe urging his intervention to retain Judge Lahoti, as the arguments on the 2008 Malegaon case are almost over. «The present letter is a sincere request on behalf of the victims to retain the Hon'ble Special Judge Shri A K Lahoti at the Hon'ble City Civil and Sessions Court for Greater Bombay, at Mumbai,» read the lawyer's letter.