Nvidia(US:NVDA) Zhong Guo Ji Jin Bao·2025-08-26 16:28Core Viewpoint - The Federal Reserve Board member Lisa Cook is suing former President Donald Trump over his attempt to dismiss her, claiming he lacks the authority to do so [2][3][4]. Group 1: Legal Actions and Implications - Trump's dismissal of Cook was based on allegations of mortgage fraud, which Cook and her lawyer argue lack factual and legal basis [3][4]. - Cook is the first African American woman to serve on the Federal Reserve Board, and her potential removal could shift the balance of power within the board [4]. - Legal experts suggest that Trump's claims of "cause" for dismissal may be weakened by the nature of the allegations, which pertain to Cook's actions prior to her appointment [4]. Group 2: Market Reactions - Following the announcement of Cook's dismissal, long-term U.S. Treasury bond prices fell, while short-term yields decreased as investors speculated on potential interest rate cuts [4][6]. - The market is currently focused on upcoming earnings reports from major companies, particularly Nvidia, which could influence trading in large tech stocks [6][7]. - The dollar index fell by 0.3%, reflecting market sentiment amid the political developments surrounding the Federal Reserve [6]. Group 3: Company Performance - Nvidia's stock rose approximately 1% ahead of its earnings report, indicating investor optimism about its performance [7]. - AMD shares increased by 3% following a partnership announcement with IBM focused on quantum technology [8]. - Eli Lilly's stock rose by 4% due to positive clinical trial results for its experimental weight-loss drug [8]. Group 4: Chinese Stocks - The Nasdaq Golden Dragon China Index saw a rise of over 1.5%, with companies like NIO and Xpeng leading the gains among new energy vehicle manufacturers [9][10].