Fed's Kashkari warns the ongoing closure of the Hormuz Strait poses a significant risk to inflation, citing uncertainty over the duration of the disruption.

Perfectus Aluminum Inc. and related companies agree to pay $549.5 million to settle False Claims Act allegations regarding the evasion of customs duties.

Perfectus Aluminum Inc. and its related companies have agreed to a $549.5 million settlement to resolve allegations of violating the False Claims Act by evading customs duties.

The U.S. Department of Justice is investigating potentially suspicious trading activity linked to recent volatility in oil markets.

The U.S. Department of Justice has launched an investigation into potentially suspicious trading activity associated with recent volatility in oil markets.

Stegra secures €1.5 billion in credit lines to help complete what is projected to be the world's largest green-steel plant, alongside recently obtained equity funding.

Stegra has reached an agreement with creditors to access approximately €1.5 billion ($1.8 billion) in undrawn credit lines, which, combined with recent equity funding, will facilitate the completion of what is expected to be the world's largest green-steel plant.

The US House Financial Services Committee is considering a bill to amend the Federal Reserve Act, aiming to eliminate the central bank's dual mandate in favor of a singular focus on price stability.

The US House Financial Services Committee is considering legislation to amend the Federal Reserve Act, which would remove the dual mandate and require the central bank to focus exclusively on price stability.