📊 DOJ investigates Fed governor for fraud

September 05, 2025

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

🚀 American Bitcoin surges 60% post-Nasdaq debut
🔍 DOJ investigates Fed governor Lisa Cook for fraud
📉 US labor market shows signs of slowing down
🌿 Environmental groups testify against Line 5 pipeline reroute
⚖️ Dow Inc. faces class action lawsuit for securities violations
🎁 +8 more stories you might like

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🚀 American Bitcoin Soars 60% After Nasdaq Debut, Plans $2.1B Share Sale Link
  • American Bitcoin, backed by Trump Jr. and Eric Trump, surged 60% after its Nasdaq debut.
  • The company plans to raise $2.1 billion to expand its bitcoin holdings.
  • American Bitcoin combines bitcoin mining with a treasury strategy, holding 2,443 bitcoins.
🔍 Federal Reserve Governor Lisa Cook Under DOJ Investigation for Fraud Link
  • The DOJ is investigating mortgage fraud claims against Federal Reserve Governor Lisa Cook.
  • The allegations stem from a criminal referral regarding properties she purchased in 2021.
  • Cook's lawyers deny wrongdoing, alleging the investigation is politically motivated.
📉 US Labor Market Weakens as Jobless Claims Rise and Hiring Slows Link
  • Jobless claims increased more than expected, indicating a softening labor market.
  • Private payrolls growth slowed, with economists citing trade policies and immigration issues.
  • The Federal Reserve may consider interest rate cuts amid weakening job data.
🌿 Environmental Groups Challenge Enbridge's Line 5 Pipeline Reroute Link
  • Environmental groups are testifying against the reroute of Enbridge's Line 5 pipeline in Wisconsin.
  • The project faces legal challenges over potential harm to natural resources and tribal sovereignty.
  • The hearings are part of a seven-week process to determine the future of the pipeline.
⚖ Dow Inc. Faces Class Action Lawsuit Over Securities Fraud Allegations Link
  • Investors have until October 28 to seek lead plaintiff status in the Dow class action lawsuit.
  • The lawsuit alleges Dow misled investors about its financial flexibility and market conditions.
  • Dow's stock fell significantly following a downgrade and disappointing financial results.

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Other news & articles you might like

  • 💰 Sunoco announces upsized preferred equity offering (Link)
  • 📊 Cboe Global Markets reports August trading volume (Link)
  • 🔋 EnergyX secures site for lithium plant in Texas (Link)
  • ⏰ Centene investors face deadline for securities lawsuit (Link)
  • ⚠️ SelectQuote faces lawsuit after DOJ probe into sales (Link)
  • ✈️ Air freight market to reach $240B by 2032 (Link)
  • 📈 Zacks highlights stocks like CrowdStrike and Robinhood (Link)
  • 🌐 Concentrix acquires SAI Digital to boost tech solutions (Link)

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