Lisa Cook Retains Fed Role as Judge Temporarily Halts Trump’s Move to Fire Her<\/p>\n
12 minutes ago<\/p>\n
A federal judge has temporarily blocked President Donald Trump\u00a0from removing<\/a>\u00a0Lisa Cook from the Federal Reserve Board of Governors, allowing her to continue serving at the central bank while her lawsuit contesting her firing proceeds.\n<\/p>\n The move means that Cook, who Trump had fired for allegedly falsifying her mortgage documents, will remain on the seven-member board of the central bank, which is\u00a0part of the 12-member committee<\/a>\u00a0that is responsible for setting interest rates in the U.S. The committee is scheduled to meet next Tuesday and Wednesday, and is\u00a0widely expected to cut the Fed’s benchmark rate<\/a>.<\/p>\n Trump has repeatedly scolded Fed Chair Jerome Powell for\u00a0not cutting interest rates this year,<\/a>\u00a0and the move to dismiss Cook raised concerns that the central bank’s independence could be compromised. Trump said after announcing Cook’s firing that he’d soon have a majority on the Fed board, leading some experts to worry that\u00a0future Fed decisions<\/a>\u00a0could be influenced by political considerations.<\/p>\n Judge Jia Cobb in Washington, D.C., granted Cook\u2019s request for a temporary court order so she could keep her seat on the Fed\u2019s board for now. The judge ruled that Trump couldn\u2019t fire Cook, partly because her alleged actions took place before she was Fed governor.\n<\/p>\n Read the full article here<\/a>.\n<\/p>\n –Nisha Gopalan<\/a>\n<\/p>\n Oracle’s Market Cap Approaches $1 Trillion<\/p>\n 26 minutes ago<\/p>\n With today’s stock surge, Oracle’s market capitalization<\/a> is approaching $1 trillion, surpassing the likes of JPMorgan Chase (JPM<\/a>) and Walmart (WMT<\/a>).\n<\/p>\n Oracle shares skyrocketed 40% Wednesday, lifting AI-related stocks.<\/p>\n Jonathan Raa\/NurPhoto via Getty Images<\/p>\n Oracle’s market cap recently stood at about $950 billion, making it the 10th-largest publicly traded American company and 12th-largest firm on the planet, according to CompaniesMarketCap.com.\n<\/p>\n Nvidia tops the list with a market cap of about $4.34 trillion.<\/p>\n Oracle Levels to Watch as Stock Rockets Higher <\/p>\n 1 hour ago<\/p>\n Oracle (ORCL<\/a>) shares soared 40% Wednesday morning after\u00a0the computing giant raised its outlook<\/a>\u00a0for cloud infrastructure sales and said it added several large new customers amid booming AI demand.\n<\/p>\n The company, which has struck deals with big tech customers including Amazon (AMZN<\/a>), Alphabet (GOOGL<\/a>) and Microsoft (MSFT<\/a>), said it now sees\u00a0cloud<\/a>\u00a0infrastructure sales jumping 77% to $18 billion this fiscal year, above its June forecast of 70% growth.\u00a0CEO Safra Catz told investors that the company expects to sign-up several additional multi-billion-dollar customers in coming months to push its booked cloud orders over half a billion dollars.\n<\/p>\n Leading into the company\u2019s earnings release, Oracle shares had gained 45% so far in 2025, handily outpacing the\u00a0S&P 500<\/a>\u2019s return over the same period, boosted by robust demand for its cloud infrastructure services and AI database integration tools.\n<\/p>\n Source: TradingView.com.<\/p>\n After setting their all-time high in late July, Oracle shares consolidated in a\u00a0flag pattern<\/a>\u00a0ahead of the company\u2019s quarterly results, laying the groundwork for a continuation of the longer-term uptrend. Indeed, the stock looks set to\u00a0gap<\/a>\u00a0to a fresh record high on Wednesday.\n<\/p>\n It\u2019s worth noting that the shares have already registered their highest\u00a0volume<\/a>\u00a0this week since mid July, suggesting that some larger market participants\u00a0rebalanced portfolios<\/a>\u00a0leading into the report.\n<\/p>\n Read the full technical analysis piece here<\/a>.\n<\/p>\n –Timothy Smith<\/a>\n<\/p>\n Big-Name Buy Now, Pay Later Company Klarna Set to Go Public Today<\/p>\n 1 hr 17 min ago<\/p>\n Klarna, a leading\u00a0buy now, pay later<\/a>\u00a0firm, is poised to make its stock-market debut today.\n<\/p>\n The company overnight said it sold 34.3 million shares at $40 apiece, above the range it had earlier indicated they might sell for in the closely watched fintech\u00a0initial public offering<\/a>.\n<\/p>\n Of those, 5 million were sold by the company, suggesting proceeds of $200 million. The total sharecount suggests a market value approaching $14 billion.Trading is expected to begin the New York Stock Exchange later today with the company using the ticker symbol “KLAR.”\n<\/p>\n Klarna helped pioneer buy now, pay later financing, in which a purchase is broken up into interest-free payments that are automatically deducted from a user\u2019s bank account. The payment method has skyrocketed in popularity in the two decades since Klarna launched, evolving from a way to splurge to a tool many now\u00a0use to pay for groceries<\/a>. BNPL transactions are so ubiquitous that Fair Isaac Corp. (FICO<\/a>) recently\u00a0said it will incorporate them in its credit scoring frameworks<\/a>.\u00a0\n<\/p>\n Read the rest of the story here<\/a>.\n<\/p>\n