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Federal Reserve urges judge to reject subpoena reconsideration in Powell renovation probe

Market News
26 Mar 2026
CNBC
View Source
Bearish
pluang ai news

The Federal Reserve's Board of Governors asked a judge to deny prosecutors' request to reconsider blocking subpoenas in a criminal investigation of Chair Jerome Powell. The probe concerns cost overruns in renovations of the Fed's headquarters and Powell's related congressional testimony. Judge James Boasberg previously blocked the subpoenas, citing the investigation appeared politically motivated by Powell's refusal to lower interest rates as President Trump demanded. The Fed argues prosecutors failed to meet legal standards for reconsideration, and no new evidence or legal changes justify reopening the case. The outcome remains uncertain as the investigation continues amid political tensions.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

Market News
Bullish
3 hours ago
Thor Explorations stays on track with gold production and strong cash position in Q2 2026.

Thor Explorations stays on track with gold production and strong cash position in Q2 2026.

Thor Explorations produced 19,153 ounces of gold in Q2 2026 from its Segilola mine in Nigeria, maintaining its full-year production guidance of 75,000 to 85,000 ounces. The company generated $77.3 million in revenue by selling 17,050 ounces at an ave...

Company Fundamentals
Bullish
4 hours ago
Angelini Pharma completes $4.1B acquisition of Catalyst, expanding US presence and brain health leadership.

Angelini Pharma completes $4.1B acquisition of Catalyst, expanding US presence and brain health leadership.

Angelini Pharma has finalized its $4.1 billion acquisition of Catalyst Pharmaceuticals, enhancing its footprint in the U.S. market and strengthening its global leadership in brain health and rare diseases. The deal includes significant investments fr...

Company Fundamentals
Bullish
4 hours ago
Zcash surges 16% ahead of Ironwood upgrade, eyes $644 resistance as key next target

Zcash surges 16% ahead of Ironwood upgrade, eyes $644 resistance as key next target

Zcash (ZEC) has gained over 16% in the past week, rallying from lows near $368 to around $552 following an 11% jump in one session. This surge is driven by anticipation of the Ironwood shielded pool upgrade expected around July 28, which addresses a ...

Protocol Fundamentals
Bullish
4 hours ago
Greenwich LifeSciences' breast cancer drug shows strong Phase 2 results but faces funding risks ahead of Phase 3.

Greenwich LifeSciences' breast cancer drug shows strong Phase 2 results but faces funding risks ahead of Phase 3.

Greenwich LifeSciences is developing GLSI-100, an immunotherapy targeting HER2-positive breast cancer, currently in Phase 3 trials. The drug showed a 70-80% reduction in cancer recurrence in Phase 2b, outperforming existing treatments with no serious...

Analyst Insights
Bullish
4 hours ago
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