A U.S. judge is scheduled to hold a hearing this Friday on Cook's lawsuit against Trump.
Jinse Finance reported, citing CNBC, that a judge has scheduled a hearing for Friday to consider a request from Federal Reserve Governor Cook to block Trump from firing her. The hearing was arranged just hours after Cook sued Trump, challenging his decision to remove her. The case has been assigned to federal judge Jia Cobb, who was appointed by former President Biden at the end of 2021. Cook is asking Cobb to declare Trump’s removal order “illegal and invalid” and to confirm that she remains a member of the board. She also hopes the judge will rule that the allegations regarding mortgages do not constitute “just cause.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Storage stocks suffer growing pains from a narrative shift! Roundhill suggests a "barbell strategy": large-cap growth plus "halo stocks"
Drew Pettit, Chief Investment Strategist at Roundhill Investments, stated that the market does not favor stocks with a transitional narrative, and currently, storage stocks are in such an awkward position.
The largest single-week net purchase in fifteen years! Citadel analyst: Retail investors are buying AI stocks again
Retail investors are bottom-fishing AI stocks, with a net purchase of $9.1 billion in one week, marking a 15-year record! According to Citadel Securities data, funds are highly concentrated in semiconductors and AI infrastructure. However, this is not a broad-based buying frenzy, but rather a directional overweight, with buying skewed to the 90th percentile of the past year.
Australian Dollar climbs as Fed’s Williams push the brakes on rates
Microsoft adds over $130 billions in new data center leases, plans to more than double computing power
Microsoft plans to increase its global data center capacity from approximately 12 GW to over 38 GW. In a single quarter, it added over $130 billions in new lease agreements, bringing its total uncommitted lease commitments to $329.1 billions—a more than 67% increase over the previous quarter and the largest quarterly jump in leasing on record. This move is aimed at alleviating the long-term computing power bottleneck, as capacity shortages have already caused some customers to turn to competitors.
Crypto prices
More
