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Time:2026-06-30T08:55:07Z

Chinese EV makers are making inroads in South Korea's import car market, overtaking Japanese brands for the first time. Comcast announces plans to split into two public companies by spinning off NBCUniversal and Sky. The US Supreme Court issued two landmark rulings: one blocking Trump's attempt to fire Federal Reserve Governor Lisa Cook while expanding presidential power to dismiss agency heads, and another striking down a 91-year-old precedent protecting independent agency officials. The Japanese yen plunges to a 39-40 year low against the US dollar, keeping intervention risks in focus.

Chinese EV makers break into South Korea's import market

Chinese EV makers break into South Korea's import marketChinese electric vehicle manufacturers are gaining traction in South Korea's import car market, marking the first time Chinese-made vehicles have overtaken Japanese brands in April. An analyst notes that while South Korea is not a high-volume market, success there helps prove the quality and competitiveness of Chinese EVs. Coverage from both SCMP and China Daily highlights this as a milestone for the Chinese auto industry.

Comcast to spin off NBCUniversal in major media shake-up

Comcast to spin off NBCUniversal in major media shake-upComcast has announced plans to spin off NBCUniversal and Sky into a separate public company, ending a long union of cable and media. The move splits Comcast into two publicly traded entities, raising questions about potential deals either company could pursue post-breakup. Analysts see this as a significant restructuring in the media landscape.

Supreme Court blocks Trump firing of Fed Governor Cook

Supreme Court blocks Trump firing of Fed Governor CookThe US Supreme Court ruled that Federal Reserve Governor Lisa Cook can keep her job for now, blocking Trump's attempt to fire her. However, the ruling also upheld Trump's broader power to dismiss other agency heads. The decision has significant implications for Federal Reserve independence and the balance of presidential power over independent agencies.

Supreme Court dramatically expands presidential removal power

Supreme Court dramatically expands presidential removal powerIn a 6-3 decision, the Supreme Court struck down a 91-year-old precedent that had prevented presidents from removing members of independent agencies meant to serve as a check on executive power. The ruling cements Trump's authority over agencies long considered independent. Forbes and NPR report this as a dramatic expansion of presidential power.

Japanese yen plunges to 40-year low against US dollar

Japanese yen plunges to 40-year low against US dollarThe Japanese yen has sunk to a 39-40 year low against the US dollar, reaching levels around 162 per dollar. The continued depreciation keeps intervention risks in focus as markets watch for potential action from Japanese authorities. Asian shares followed Wall Street higher despite the yen's weakness.