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BREAKING: In a 5-4 decision, the Supreme Court rejects the Trump administration’s attempts to fire Fed Governor Lisa Cook.
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00:00- In a 6-3 ruling, the Supreme Court expanded President Trump's firing power, granting power for the president to fire heads of certain independent agencies for "whatever reason, or for no reason at all," Yahoo Finance's @benwerschkul explains.
00:00 - $RKLB jumps after acquiring Iridium Communications for $8 billion in a bid to compete with SpaceX in satellite connectivity services. Keep up with the stock in AlphaSpace: finance.yahoo.com/about/promos/g…
- Despite the Supreme Court’s 5-4 ruling allowing Lisa Cook to remain at the Fed, director of US Federal Housing Bill Pulte dug in, insisting he still expects her to face indictment. yhoo.it/4xWkdLa
- The Daily Wolf's @scottmelker offers up a little bit of hope to bitcoin loyalists after a rough month for the cryptocurrency: Historically, a red June is always followed by a green July.
00:00 - $GOOG is having a good first day in the Dow. 📈 Keep up with the stock in AlphaSpace: finance.yahoo.com/about/promos/g…
- Following the Supreme Court's 5-4 ruling in her favor, Federal Reserve Governor Lisa Cook vowed to continue upholding the principle of political independence. yhoo.it/4xWkdLa
- Following the Supreme Court's 5-4 ruling blocking her firing, Federal Reserve Governor Lisa Cook expressed gratitude for a decision she says protects the central bank from "political intimidation." yhoo.it/4xWkdLa
- Michael Saylor's Strategy put out a statement that they may sell as much as $1.25 billion in bitcoin.
- The Supreme Court has drawn a line on executive power, ruling 5-4 that the White House can't just fire a Federal Reserve Governor without offering due process and a clear explanation. yhoo.it/44mrIhf
- “This isn’t just about the Trump administration; it would be about future presidents that could reconstruct the decision makers at the Fed and take away their independence,” StoneX senior advisor Jon Hilsenrath says on the Lisa Cook Supreme Court decision.
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