With Cook resisting the move, the immediate onus is on Fed Chair Jerome Powell, as he has the obligation and right to ask the Trump administration, “Show me the legal basis for this action,” Krugman said.
Gene Munster said Nvidia's robotics platform is becoming the "de facto standard" as the company launches its $3,499 Jetson Thor "robot brain" chip, positioning robotics as a key long-term growth driver ahead of its highly anticipated Q2 earnings report.
Investors are watching small caps heat up on an otherwise slow Tuesday morning, with the Russell 2000 climbing 1% and outpacing its larger peers, amid growing bets on a Fed rate cut next month.
Elizabeth Warren (D-Mass.) criticized President Donald Trump for dismissing Lisa Cook, a Federal Reserve Governor, and described it as an "authoritarian power grab."
