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

Stocks making the biggest moves midday: Nvidia, Pure Storage, Snowflake, Hormel and more

August 28, 2025

Check out the companies making headlines in midday trading: Nvidia — The graphics processing unit manufacturer slipped more than 1% after its data center revenue came in below estimates for the second straight quarter. However, Nvidia posted a second-quarter earnings and revenue beat. Hormel — The food company’s stock fell more than 13% to a […]

Finance

Stocks making the biggest moves premarket: Nvidia, Dollar General, Bath & Body Works, Snowflake, and more

August 28, 2025

Check out the companies making headlines before the bell. Nvidia — The graphics processing unit manufacturer slipped nearly 2% after its data center revenue came in below estimates for the second straight quarter. However, Nvidia posted a second-quarter earnings and revenue beat. Other chip stocks such as Taiwan Semiconductor, ASML, Advanced Micro Devices and Microchip […]

Finance

Stocks making the biggest moves after hours: Nvidia, Snowflake, CrowdStrike and more

August 27, 2025

Check out the companies making headlines in after-hours trading. Nvidia – Shares of the chip giant fell more than 3%. The company’s second-quarter results beat on the top and bottom lines, posting adjusted earnings of $1.05 per share and $46.74 billion in revenue. That’s compared with the $1.01 per share and $46.06 billion, respectively, that […]