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Real-time News
On June 29, Federal Reserve Governor Tim Cook stated, “This matter (the mortgage fraud allegations) has absolutely nothing to do with mortgage documents I signed before I became a Federal Reserve Governor. This is purely a conspiracy to remove me from office, and the pretext is entirely fabricated. The reason I am being targeted is because I refused to succumb to political pressure and insisted on setting interest rate policies solely based on what is best for the American people. This is the most fundamental responsibility of a Federal Reserve Governor. Today’s ruling reaffirms a principle that underpins generations of sound economic management: the Federal Reserve must make all policy decisions based on evidence and independent judgment, free from political interference.” “The Supreme Court’s decision to uphold the lower court’s order and affirm the necessity of due process and just cause recognizes that the Federal Reserve’s independence is crucial to achieving the congressional goals of ‘price stability’ and ‘full employment.’ I am deeply gratified by this ruling. As long as I serve on the Federal Reserve, I will continue to uphold the principle of political independence and serve the American people wholeheartedly.”Castle Securities: Investors have underestimated Federal Reserve Chairman Warshs determination to curb inflation. Higher interest rates could put pressure on risk assets.CMA CGM has signed a $400 million logistics terminal agreement in Oman.According to The Verge, Apples (AAPL.O) Mac and iPad devices may be getting an upgrade to OLED screens with better color performance.On June 29th, Xunze (03317.HK) announced that it has formally entered into a cooperation framework agreement with Beijing International Big Data Exchange Co., Ltd. Beijing International Big Data Exchange is a key project in Beijings implementation of the "National Comprehensive Demonstration Zone for Expanding Opening-up in the Service Industry" and the "China (Beijing) Pilot Free Trade Zone" in the digital economy field, aiming to become a leading domestic data trading infrastructure and an important international hub for cross-border data flow. This cooperation marks a further deepening of the companys strategic layout in the data element market and national-level data trading platform. It is a crucial step for the companys data tokenization capabilities to be implemented in vertical industries, embodying intelligent data circulation, providing digital asset services, and co-building a data ecosystem in the biomedical vertical sector.
