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US supreme court rules Trump's firing of Lisa Cook from Fed was unconstitutional The GuardianTakeaways from the Supreme Court's decisions expanding Trump's firing power but preserving Fed for now CNNOne big win and three defeats for Trump in dramatic day at Supreme Court BBCSupreme Court expands presidential firing power, overturning 90-year-old ruling CBS NewsThe Supreme Court gutted independent agencies. Congress must fight back. MS NOW
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Semiconductor stocks have surged more than 80% this year, riding a wave of AI demand from the "Magnificent Seven." Meanwhile, the companies writing those checks find themselves in correction territory.
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Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there might not be any good options.
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Self-exiled Chinese billionaire gets 30 years in US prison for fraud conviction PoliticoFormer Chinese Billionaire and Bannon Associate Is Sentenced for Fraud The New York TimesGuo Wengui, China Critic and Tycoon, Sentenced to 30 Years for Fraud WSJChinese NYC scammer learns fate for ‘stunning' $1.3B fraud — as hundreds of fans flock to court New York PostChinese exile Miles Guo given 30 years in prison for $550mn fraud Financial Times
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JPMorgan raises its year-end target for European stocks again. Panmure warns that high valuations imply negative returns for the U.S. in the next decade.
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