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Friday, July 12, 2024 | Back issues
Courthouse News Service Courthouse News Service

Financial

Judge chides Rudy Giuliani for ‘troubling’ conduct, tosses NY bankruptcy case

Friday's dismissal paves the way for two Georgia election workers to collect a $148 defamation judgment against Giuliani.

US inflation cools again, potentially paving way for Fed to cut interest rates soon

The June figures will qualify as another installment of the more good inflation data the central bank has been seeking.

Fraudsters pay up

BROOKLYN — The Securities and Exchange Commission won a judgment in a New York federal court against two investment brokers who entered into partial consent judgements on claims they had misappropriated investors’ funds. One broker must pay over $3.4 million in disgorgement of ill-gotten gains, then another $1.7 million in prejudgment interest, and the other broker must pay $1.6 million in disgorgement. The latter’s penalties and interest owed must be recalculated.

Government fines Citigroup $136 million for failing to fix longstanding internal control issues

Citigroup was the go-to example of “too big to fail” after the 2008 financial crisis.

California settles price-fixing claims against fuel traders for $50 million

An economist has argued part of California's high fuel prices can be blamed on greedy market manipulators and price gougers.

Fed’s Powell highlights slowing job market in signal that rate cuts may be nearing

From March 2022 to July 2023, the Fed raised its benchmark interest rate 11 times to a two-decade high of 5.3% to fight inflation, which peaked at 9.1% two years ago.

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