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Donald Trump's administration approached the Supreme Court. They sought permission to proceed with the dismissal of Federal Reserve Governor, Lisa Cook. This action faces legal challenges. It raises concerns about the central bank's independence. Cook's removal is unprecedented. The Justice Department defends Trump's authority. Cook denies the allegations against her. The legal battle continues.
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News and Media
Asian stock markets are performing well. US equity benchmarks reached new highs. This was supported by the Federal Reserve's interest rate cut. Stocks in Japan and Australia increased. South Korea remained stable. The S&P 500 and other indexes achieved record highs together. The yen remained steady after Japan's inflation slowed. The Bank of Japan's rate decision is expected.
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News and Media
Sebi has exonerated Gautam Adani and other Adani group companies regarding Hindenburg Research's allegations of stock manipulation. The investigation, spanning from FY13 to FY21, found no evidence of fraudulent transactions or siphoning of funds. Sebi concluded that the transactions in question did not qualify as related-party transactions, thus not violating listing agreements.
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News and Media
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