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A court hearing on Federal Reserve Board Governor Lisa Cook’s request that President Donald Trump be barred from firing her while a lawsuit plays out ended Friday without a judge issuing a ruling.Cook’s lawyer, Abbe Lowell, blasted the Department of Justice’s argument at the hearing that Trump had the necessary legal cause to remove Cook because of suggestions by Federal Housing Finance Agency Director Bill Pulte that she committed mortgage fraud in documents for two properties in Atlanta and Ann Arbor, Michigan, before joining the Fed. “You can’t have Director Pulte’s crazy midnight tweets be the cause,” Lowell told Judge…

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Lisa Cook’s lawsuitA federal judge set a hearing for 10 a.m. ET this morning after Federal Reserve Governor Lisa Cook sued President Donald Trump over his move to fire her. While the case will likely make its way to the Supreme Court, today’s hearing marks the latest twist in a dramatic standoff that has gripped economists and investors in recent weeks.Here’s what to know:Cook’s lawsuit, which challenges Trump’s ability to fire her, signaled that…

Check out the companies making headlines before the bell : Alibaba — The Chinese e-ecommerce giant saw shares rising more than 3% after The Wall Street Journal reported that the firm has created a more advanced chip as it looks to fill the gap left by Nvidia running into issues around selling its chips in China. Nvidia shares extended their recent losses, falling about 1% in the premarket. Caterpillar — The industrial giant’s shares lost nearly 3% in premarket trading after the company warned it could take a $1.5 billion to $1.8 billion hit this year due to tariffs. Dell Technologies —…

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. A trio of central bank decisions this week sent a clear message to markets that officials are preparing to loosen monetary policy, reigniting investor appetite for risk.Bloomberg | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller reiterated his support for an interest rate cut in September and opened the door to a potentially larger move if the labor market continues to weaken.In a speech Thursday evening, the policymaker said he expects the August nonfarm payrolls report to be…

A vendor gives a customer change at stall at a farmers market in Hanau, Germany, on Saturday, Aug. 9, 2025.Alex Kraus | Bloomberg | Getty ImagesIncreases in unemployment and inflation cast a shadow over the outlook for Europe’s largest economy, which joins the wider EU bloc in bracing for the full impact of newly implemented U.S. tariffs.German inflation rose by a higher-than-expected 2.1% in August, preliminary data showed Friday, exceeding the 2% expectations of analysts polled by Reuters. Inflation, which is harmonized for comparability across the euro zone, had risen by a cooler-than-expected 1.8% in July.Germany’s core inflation, which excludes…

Retirement funding looks very different depending on where you live.While the United States leans heavily on voluntary 401(k)-style savings plans, other nations rely on mandatory contributions or more traditional pensions to ensure broad coverage and steady income.Mercer CFA Institute Global Pension Index takes these structural differences into consideration when ranking some of the world’s biggest retirement systems.”We do it because we want to give a picture of the retirement landscape,” said Christine Mahoney, global pensions leader at Mercer, a consulting firm. “We try to look at what the public systems are, what the private systems are, and look at how…

At the stroke of midnight, 92% of all U.S. cargo shipments, and up to 4 million packages daily, lost their duty-free status with President Donald Trump’s removal of the de minimis exemption for low-value trade. Any imported goods sent through the international postal network that are valued at or under $800 will now be subject to applicable duties. While the winners and losers on the retail landscape and among consumers are debated, customs experts are warning the troubles facing small to medium-sized businesses that relied on the duty-free exemption are just beginning, and will be significant.”When I think about the…

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024. Punit Paranjpepunit Paranjpe | AFP | Getty ImagesIndian conglomerate Reliance Industries on Friday announced new partnerships with Google and Meta to accelerate the company’s push into artificial intelligence.Speaking at an annual shareholders’ meeting on Friday, Reliance Chairman Mukesh Ambani also disclosed ambitions to list Reliance Jio, India’s largest mobile network, in the first half of 2026.”A decade ago, digital services became a…

Trent Alexander-Arnold has been dropped from the England squad just days after losing his place in the Real Madrid team, but there is a recall for Barcelona loanee Marcus Rashford for the World Cup qualifiers against Andorra and Serbia. Kyle Walker, Conor Gallagher and Ivan Toney are among other high profile names to miss out after being involved in the June camp, when England underwhelmed with a 1-0 win away to Andorra before suffering a shock loss at home to Senegal. Cole Palmer, Jude Bellingham, Bukayo Saka and Levi Colwill are out with injury, while Trevoh Chalobah is also absent…

Tom HamiltonAug 29, 2025, 07:29 AM ETClose• Joined ESPN in 2011• Covered two Olympics, a pair of Rugby World Cups and two British & Irish Lions tours• Previously rugby editor, and became senior writer in 2018Nottingham Forest are closing in on the signing of Juventus right back Nicolò Savona, sources have confirmed to ESPN.Savona is set to undergo his medical on Friday ahead of a potential €15 million ($17.4m) move to the Premier League side.He would become Nottingham Forest’s ninth summer signing.Nicolò Savona made 19 starts for Juventus last season. Photo by Image Photo Agency/Getty ImagesJuventus’ general manager Damien Comolli confirmed to Sky Italia…