Supreme Court Says Fed's Cook Can Stay in Role For Now | Bloomberg Businessweek Daily 6/29/2026

Summary

Bloomberg Businessweek Daily covers the Supreme Court's split decisions on Fed independence and presidential power, a bipartisan push to prepare American workers for AI, and a credit-building app. Markets wrap up a strong second quarter with the S&P 500 up 14% and the Nasdaq up 19%.

• Supreme Court lets Fed Governor Lisa Cook stay in her role while litigation proceeds, a relief for Fed independence.
• A 6-3 ruling expands presidential power to fire heads of independent agencies, excluding the Federal Reserve.
• Chief Justice John Roberts wrote a narrow opinion without defining 'cause' for removal, leaving future challenges possible.
• Former Indiana Governor Eric Holcomb discusses RAISE US, a nonpartisan effort to reskill workers for AI, quantum and robotics.
• Kikoff CEO Cynthia Chen explains her platform that helps users build credit by reporting rent and small monthly payments.
• Stock market: S&P 500 hit record, Nasdaq 100 up 2.2%; Super Micro fell 7% on chip smuggling probe, Comcast rose on spinoff plans.
• The S&P 500 is on track for its best quarter in six years.