•The Supreme Court ruled 5-4 that President Trump's attempt to fire Fed Governor Lisa Cook was procedurally invalid, allowing her to stay while challenging the removal.
•The decision was based on lack of due process, as the firing was done via tweet without notice or deadline to respond.
•The ruling strengthens Fed independence and leaves open the possibility of Cook facing mortgage fraud allegations in court.
•Samsung and SK Hynix announced a plan to spend $520 billion on semiconductor plants in South Korea, stating that their existing investments are insufficient to meet global demand.
•Shipping in the Strait of Hormuz is unlikely to rebound quickly to pre-war levels due to unclear ceasefire terms, higher insurance costs, and mine risks.
•Iran is expected to continue leveraging its influence over the Strait of Hormuz to push for greater control over vessel traffic.
•The Bank for International Settlements warned in its annual report that overvalued stock markets driven by AI frenzy, investor complacency, and circular financing could trigger a stock-market slump and jeopardize the economy.
•Oil prices rose and U.S. stock-index futures advanced after the U.S. and Iran continued airstrikes in the Persian Gulf, renewing fears of a Strait of Hormuz closure.
•A report indicates that Trump administration policies have stalled permits for renewable energy projects, putting over $121 billion in investment at risk and slowing wind, solar, and storage development.
•The Bank for International Settlements warned that fierce competition in artificial intelligence could drive excessive investment spending, risking recession for some economies.
•Comcast Corporation (CMCSA) announced plans to separate its media and technology businesses through a tax-free spin-off of NBCUniversal and Sky into an independent public company.
•Comcast shareholders will own shares in both Comcast and NBCUniversal upon completion of the transaction.
•The spread between the Nasdaq-100 Volatility Index and the VIX has reached its widest level in at least 23 years, signaling more uncertainty in Big Tech than the broader S&P 500.
•Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings worth over 20 billion yuan ($2.94 billion) ahead of its blockbuster stock market debut, according to three sources.
•A securities class action lawsuit was filed against Veritone (VERI) after the company admitted that previously filed financial statements should no longer be relied upon.
•President Trump disclosed buying between $1 million and $5 million in Axon Enterprise stock on Feb. 10.
•Two weeks later, ICE posted a notice seeking a five-year, $220 million Taser contract for about 17,800 devices, along with unlimited cartridges and training.
•A ransomware group posted lists of suppliers, components, and photos of Apple's upcoming iPhone 18 Pro on the dark web after stealing data from its Indian supplier Tata Electronics.
•Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has taken in little to no natural gas over the past three days and appears offline, according to LSEG data.
•Rocket Lab's stock surged over 12% after announcing an $8 billion acquisition of Iridium Communications.
•The acquisition aims to create a vertically integrated space enterprise, combining Rocket Lab's launch and manufacturing capabilities with Iridium's global L-band network.
•The deal is backed by a $3.6 billion bridge loan and positions Rocket Lab as a direct competitor to SpaceX.
•Rocket Lab (RKLB) announced a definitive agreement to acquire Iridium Communications (IRDM) in a cash-and-stock deal with an enterprise value of approximately $8 billion.
•Strategy unveiled a revised capital management plan that allows selling part of its Bitcoin holdings to strengthen liquidity, support shareholder payouts and repurchase securities.
•The company filed a Form 8-K with the U.S. Securities and Exchange Commission.
•Under the new plan, the company can sell bitcoin to fund the USD reserve, support preferred dividends, and finance up to $2 billion in stock buybacks.
