📊 Fed's Lisa Cook Challenges Trump Firing

Author

Ryan Serkes
August 27, 2025

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

⚖️ Fed's Cook challenges Trump firing in court
📉 August consumer confidence dips amid job market concerns
🏠 Seattle tops list for short-term price increases
📡 AT&T to acquire EchoStar spectrum for $23 billion
🛢️ Elliott affiliate leads in Citgo auction bid
🎁 +8 more stories you might like

Don't miss out on this modern-day gold rush - a 108 grams per tonne gold assay* has just been recorded

This company holds 29,000 hectares (over 71,000 acres) in the heart of a modern-day gold rush. Exploration targets have already been identified as a result of locals' artisanal mining (a recent 108 grams per tonne gold* assay has been recorded) and funds have just been raised for an initial 10,000 metre (over 32,000 feet) drill program seeking to unlock the potential for a multi-million ounce gold deposit.

1 gram per tonne is broadly regarded as being commercial

Find out more

⚖ Federal Reserve Governor Lisa Cook Challenges Trump Firing in Court Link
  • Federal Reserve Governor Lisa Cook will seek court approval to remain in her position after President Trump announced her firing.
  • The Fed's statement suggests Cook's status hasn't changed without a court ruling.
  • Cook's lawyer plans to file litigation against the firing, with the Fed promising to abide by the court's decision.
📉 Consumer Confidence Dips in August Amid Growing Job Market Concerns Link
  • The Conference Board reported a slight decline in consumer confidence in August, driven by job market concerns.
  • The index fell to 97.4, with short-term expectations for income and business conditions also dropping.
  • Rising prices and tariffs are contributing to recession fears among consumers.
🏠 Seattle Leads U.S. Metro Areas in Short-Term Price Increases Link
  • Seattle recorded the largest short-term price jump among major U.S. metro areas, according to WalletHub's report.
  • The city's short-term inflation is outpacing others, though long-term rates match the national average.
  • High housing and energy costs are the primary drivers of Seattle's inflation.
📡 AT&T's $23 Billion Spectrum Acquisition to Boost 5G Expansion Link
  • AT&T announced a $23 billion acquisition of spectrum licenses from EchoStar to enhance its 5G network.
  • The purchase includes 50 MHz of low-band and mid-band spectrum, covering over 400 U.S. markets.
  • The deal supports AT&T's strategy to offer advanced connectivity and maintain leadership in 5G and fiber.
🛢 Elliott Affiliate Emerges as Frontrunner in Citgo Auction Link
  • An affiliate of Elliott Investment Management made the leading bid for Citgo's parent company in a recent auction.
  • Court officer Robert Pincus evaluated the bid, which may surpass Gold Reserve's previous offer.
  • The auction aims to settle claims from creditors seeking compensation for Venezuela's defaulted debts.

In partnership with

Big investors are buying this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs behind Uber and eBay also backed Pacaso. They made $110M+ in gross profit to date. They even reserved the Nasdaq ticker PCSO. Now, you can join, too.

Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.

Other news & articles you might like

  • 🤖 Intuitive Surgical cuts hundreds of jobs (Link)
  • 💊 Novo Holdings to sell KabaFusion (Link)
  • 📉 J.M. Smucker faces scrutiny over impairments (Link)
  • ⚖️ Fed's Cook to sue Trump over firing (Link)
  • 🏆 NCLA wins award for ending Chevron Deference (Link)
  • 🔗 BIT Mining launches stablecoin on Solana (Link)
  • 🚗 LKQ sells Self Service segment for $410 million (Link)
  • 🚗 Stellantis shelves Level 3 driver-assistance program (Link)

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