Live updates: Federal Reserve Governor Lisa Cook will sue Trump administration to keep her job
Today’s live updates have ended. Read what you missed below and find more coverage at apnews.com.
President Donald Trump said Monday night that he’s firing Federal Reserve Governor Lisa Cook, an unprecedented move that would constitute a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.
Read MoreBullish IPO: Should You Buy BLSH Stock?
Activity in the initial public offering (IPO) market is accelerating following a slowdown this spring. According to Renaissance Capital, there have been 133 IPOs priced this year through August 13, a 58% increase from the year prior.
Total proceeds from this year’s filings are down 4% year over year to $22.2 billion.
» Read more about: Bullish IPO: Should You Buy BLSH Stock? »
Read MoreWall Street is whistling past the graveyard as Trump infiltrates the Fed
A version of this story appeared in CNN Business’ Nightcap newsletter.
» Read more about: Wall Street is whistling past the graveyard as Trump infiltrates the Fed »
Read MoreBuffett’s $19 Billion Oil Bet Looks Like a Fortress
It’s the rare oil major that seems built to outlast cycles, keep the dividend flowing, and, as Warren Buffett clearly believes, keep getting stronger.
The yield is about 4.4%, nearly four times what the S&P 500 pays and on paper that looks tempting, but high yields in energy can be a trap.
» Read more about: Buffett’s $19 Billion Oil Bet Looks Like a Fortress »
Read MoreTesla's AI Hype Is Doing the Heavy Lifting for the Stock, but It Won't Be Enough for Long
Key Points
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Tesla stock is down in 2025, but shares remain overvalued compared to other automotive stocks.
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While Tesla’s EV business faces significant headwinds,
The Burst
Get $50,000 Per Year From $3,000 Annual Investment?
Most people think of index funds as boring but that’s because the majority don’t have a good understanding of how these funds actually work. To simplify it, consider the following analogy.
Imagine you’re betting at a horse race but you don’t know which horse will win so you’re permitted to bet on all the horses and whoever wins you win.
» Read more about: Get $50,000 Per Year From $3,000 Annual Investment? »
Read MoreThe Ivy
Champion Trader Buys NEW Breakout
An old Buffett adage goes something like this “we don’t have to be smarter than others, we have to be more disciplined” and what’s true for the investing world goes for the trading world too.
In that realm, champion traders have to watch stocks like a hawk. Waiting for the precise moment for breakouts to occur and then pouncing on them when they do.
» Read more about: Champion Trader Buys NEW Breakout »
Read MoreThe Spotlight
Will Roku Soar 9x From Here?
Roku’s most recent financial report disappointed investors. Slowing streaming growth and lower ad spending, paired with economic uncertainty, have caused Roku’s stock to plummet.
Shares are down over 66% year to date and more than 80% compared to the highs reached last year. The stock is so battered that many are staying away.