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Frank Pallone

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Global Markets & Equities Just now (08:59 AM IST)

FERC Chair Blasts PJM โ€˜Messโ€™ as Grid Operator Delays Power Auction Amid Data Center Surge

Federal regulators have sharply escalated pressure on PJM Interconnection after the countryโ€™s largest grid operator delayed a closely watched power auction tied to surging data center demand. FERC Chair Mark Christie called the situation a โ€œmess,โ€ underscoring mounting concern that PJMโ€™s planning process is failing to keep pace with the electricity needs of the AI buildout while protecting households from higher costs.

By RDU Global Wire6 min read
Global Economy & Central Banks6h ago

Federal Reserve Releases September Projections as Markets Parse Policy Path After FOMC Meeting

The Federal Reserve Board and Federal Open Market Committee on Wednesday released the economic projections prepared by policymakers at the September 15-16 meeting, offering fresh insight into how officials see growth, inflation and the labor market evolving. The release, published at 2:00 p.m. EDT, is likely to be closely watched by global investors for clues about the pace and direction of U.S. monetary policy.

4 min readRead โ†’
Global Economy & Central Banks7h ago

Fed Orders New Enforcement Action Against SouthPoint Bancshares as It Ends Long-Running Deutsche Bank Case

The Federal Reserve Board on Thursday announced a new written agreement with SouthPoint Bancshares, Inc. of Birmingham, Alabama, while also terminating a cease-and-desist order that had been in place since 2017 against Deutsche Bank AG, DB USA Corporation and Deutsche Bank AG New York Branch. The paired actions highlight the central bank's continuing supervisory pressure on weaker institutions even as it closes out a major enforcement case involving one of Europe's largest lenders.

5 min readRead โ†’
Cybersecurity & Cyber Warfare3h ago

Kiteworks Urges Customers to Shut Down Servers as Cyber Threat Seen as 'Imminent'

Kiteworks is warning customers to power down systems after receiving credible threat intelligence from law enforcement about a possible cyberattack targeting some of its servers. The precautionary alert, described by the company as preventative rather than a response to a confirmed breach, has already disrupted at least one healthcare customer and raised fresh concerns about zero-day exploitation in widely used file-transfer software.

5 min readRead โ†’

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