Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation

Key Points

Fed Governor Lisa Cook’s lawsuit against Donald Trump challenges his ability to remove her from office but only briefly addresses the central accusations that she committed mortgage fraud.
Cook did call mortgage fraud accusations “unsubstantiated and unproven” without going into detail.
In a statement to CNBC, Federal Housing Finance Agency Director Bill Pulte noted that Cook did not attempt to refute the claims against her.

Source

Finance

China decries U.S. action in Venezuela — even as it guards billions at stake

January 5, 2026

Key Points The U.S. attack on Venezuela puts Beijing’s local commercial interests in the spotlight. China is the top destination for Venezuela’s crude oil exports. Analysts doubted the U.S. strikes would immediately impact Beijing’s actions on Taiwan. Source

Finance

After a bruising 2025, the Fed faces another slew of challenges in the year ahead

January 3, 2026

Key Points The Federal Reserve heads into 2026 facing a slew of political and policy challenges. Crucial issues include a new chair and an economy fed by both tailwinds and headwinds. The previous year saw the Fed come under the spotlight in ways that it never had before. Still, when it comes to policy, most […]

Finance

Ken Griffin’s flagship hedge fund at Citadel rises 10.2% in volatile 2025

January 2, 2026

Key Points Citadel’s flagship multistrategy Wellington fund, its largest, gained 10.2% in 2025, according to a person familiar with the firm’s returns. The firm’s tactical trading fund, which combines equities with quantitative strategies, advanced 18.6% in 2025, the person said. Source