Supreme Court on MacWorks

2026-06-29

Mon, 01 Jan 0001 00:00:00 +0000

Sources

Bloomberg — 2026-06-29#

Lead Story#

The US Supreme Court delivered a landmark set of rulings expanding President Donald Trump’s authority to fire heads of independent agencies, yet crucially shielded the Federal Reserve. In a 5-4 decision, justices blocked the president’s attempt to oust Fed Governor Lisa Cook, preserving the central bank’s independence from the White House while cementing executive control over potentially dozens of other government agencies.

2026-06-29

Mon, 01 Jan 0001 00:00:00 +0000

CNBC — 2026-06-29#

Lead Story#

Comcast is spinning off its cable networks and media assets—including NBCUniversal and Sky—into a separate publicly traded company, sending shares soaring 23%. This move is intended to unlock strategic flexibility and value in a media landscape increasingly challenged by streaming rivals and industry consolidation,.

Markets & Economics#

The Dow Jones Industrial Average closed at a fresh record above the 52,000 level, boosted by Alphabet’s 4% gain during its first trading session as a Dow component,. Meanwhile, U.S. Treasury yields remained relatively flat, with the 10-year yield hovering near 4.376%, as investors await key labor data including May’s JOLTS report and June nonfarm payrolls,. In a major ruling for the Federal Reserve, the Supreme Court temporarily blocked President Donald Trump from firing Fed Governor Lisa Cook, preserving central bank independence for the time being,. Oil prices ticked higher, with West Texas Intermediate briefly reclaiming the $70 mark, as the U.S. and Iran agreed to pause hostilities and resume peace talks regarding the Strait of Hormuz,,.

2026-06-25

Mon, 01 Jan 0001 00:00:00 +0000

Sources

Bloomberg — 2026-06-25#

Lead Story#

Micron Technology Inc. delivered a blockbuster sales forecast that crushed estimates and singlehandedly revived the artificial intelligence trade on Wall Street. The blowout outlook overshadowed a hot US inflation print, driving a global tech rebound and pushing US stock futures higher as investors bet that the AI infrastructure boom still has plenty of runway.

Bloomberg

Mon, 01 Jan 0001 00:00:00 +0000

Bloomberg — Week of 2026-06-20 to 2026-06-26#

Story of the Week#

A volatile week for global energy markets saw US-Iran diplomatic relations swing from a historic interim peace deal to violent military escalation within a matter of days. Despite the Trump administration initially waiving sanctions to reopen the Strait of Hormuz to Iranian crude, subsequent US retaliatory strikes against Tehran for a cargo ship attack severely rattled the region. Astonishingly, crude oil erased its wartime gains and headed for a weekly decline as supertanker traffic stubbornly continued to flow through the vital waterway despite the military escalation.