US Supreme Court blocks firing of Fed governor

The US Supreme Court blocked President Donald Trump from firing Federal Reserve governor Lisa Cook, and investors are pivoting from the Magnificent Seven Big Tech stocks. Plus, foreign investors are worried the Japanese government is in danger of backsliding on corporate reforms. Mentioned in this podcast: US Supreme Court blocks Donald Trump from sacking Fed governor Lisa Cook Magnificent Seven stocks shed $2.7tn in Wall Street tech rotation Foreign investors fear Japan is backsliding on reform Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email Privacy.Officer@ft.com upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.