INN Weekly Newsletter INN Insider Only

The Supreme Court on Wednesday heard the latest in a series of challenges to the power of federal agencies, with the conservative majority expressing doubt about the in-house legal proceedings Congress says the Securities and Exchange Commission may use to discipline those it believes have committed fraud. The U.S. Court of Appeals for the 5th Circuit ruled…

Wall Street braces for interest rate cuts. Twenty months after the Federal Reserve began a historic anti-inflation campaign, investors now believe there is far more chance that the central bank will cut rates in just four months than raise them again in the foreseeable future. Interest rate futures last week indicated a roughly 60% probability that the Fed…

Households are less optimistic about their financial well-being and report being worse off than a year ago, according to a September survey released by the Federal Reserve Bank of New York's Center for Microeconomic Data. Economists at the University of Chicago, for example, found that people who benefited from the moratorium increased their debt by $1,200…

After pleading guilty in federal court, disgraced lawyer Alex Murdaugh pleads guilty to financial crimes in state court.

The federal Centers for Medicare and Medicaid Services provides oversight of Medicaid-certified nursing homes in the United States. (Photo via Canva; logo courtesy of CMS)The federal government has released a new set of rules requiring nursing homes to disclose more information about their corporate ownership and management structure. The proposed rules haves already been…

Goolsbee, who became the head of the Chicago Fed in January, told the group at the Masonic in Detroit that the U.S. economy has avoided a recession, even though many thought that wouldn't be the case given Fed's fight against serious levels of inflation. "Every time the Federal Reserve has gotten inflation down significantly, there's been a massive recession to do…

The shipment of Kit Kats, which included popular flavors such as melon, matcha latte and daifuku mochi, cost US $110,000. "You can fit a lot of Kit Kats in two containers," said Taing. These particular Kit Kats have become the protagonists of a frustrating saga, with fake email accounts, phantom truck drivers, supply chain fraud and a deeply misguided freight broker.

Seoul, Nov 17- South Korean prosecutors today sought five years in prison for Samsung Electronics Chief Executive Lee Jae-yong for accounting fraud and stock price manipulation allegedly committed during the controversial 2015 merger of two companies in the business group he heads. Prosecutors also sought a fine of about 500 million won at the latest trial…

The Federal Reserve left interest rates unchanged in October, marking the second consecutive month that it has held off on raising rates while keeping a watchful eye on the American economy and the path of inflation. That said, there is a chance that the Fed will raise interest rates once more before the year is up — "investors think there's about a one-in-four chance that the…

From Wall Street high roller to the orchestrator of one of the biggest investment frauds in history, Bernie Madoff 's name is synonymous with deception and greed as one of the largest financial fraud in US history. Once regarded as an icon in the financial world, Madoff's staggering fall from grace rocked the very foundations of the industry, leaving a trail of devastation in its…

High interest rates in the US are likely to continue for the next five years. This is the assessment of Jean Boivin, director of the BlackRock Investment Institute and former vice-president of the Bank of Canada, in an interview with the Financial Times at the end of last week. Between 2007 and 2023, the US debt quadrupled, from $8 trillion to $33 trillion.