Global trading firm Jane Street is under intense regulatory scrutiny. India’s SEBI is investigating alleged market manipulation, seeking millions in penalties. Simultaneously, Jane Street has begun lobbying in Washington, a significant shift after years of low profile. The firm denies wrongdoing in India and continues to post record profits, expanding its trading operations elsewhere.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation