Trump Announces Removal of Fed Governor Cook

Starting from August 26, Swiss Post will suspend the acceptance of postal items destined for the United States, except for express mail (including official documents and certificates) and express courier items. Swiss Post stated that, as the United States will suspend the duty-free treatment for imported parcels valued at $800 or less starting from August 29, all goods shipped to the United States must be transported with duties already paid. Swiss Post made this decision after close consultation with the relevant national authorities.

On August 25 local time, U.S. President Donald Trump publicly released a letter to Federal Reserve Governor Lisa Cook on his social media platform "Truth Social," announcing her immediate dismissal.

The letter cites Article II of the U.S. Constitution and relevant provisions of the Federal Reserve Act enacted in 1913, with Trump stating that there is sufficient reason to remove Cook from his position. The letter mentions a criminal referral submitted by the Federal Housing Finance Agency on August 15, alleging that Cook is suspected of making false statements in mortgage documents.

According to the China Trade Remedy Information Network, on August 25, 2025, the United States International Trade Commission (ITC) voted to initiate a Section 337 investigation (Investigation No. 337-TA-1459) concerning certain child car seats.

According to Omdia's forecast, by 2032, the global shipment volume of foldable OLED screens will reach 124.6 million units, accounting for 8.6% of the overall OLED market, significantly higher than the 23.1 million units in 2024 and the projected 23.5 million units in 2025. Omdia believes that over the next eight years (from 2024 to 2032), the estimated shipment volume of foldable phones will surge fivefold.

Nanjing Julong (300644.SZ): Net profit for the mid-year report of 2025 is 57.3644 million yuan, an increase of 40.73% compared to the same period last year.