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The Supreme Court ruled that President Donald Trump cannot immediately oust Federal Reserve Governor Lisa Cook, allowing her to stay in her job for now.
The U.S. Supreme Court expanded the president's power to fire top officials at independent agencies.
The Supreme Court's ruling on presidential firing power effectively overturned the 'Humphrey's Executor' precedent, which had limited such powers for approximately 80-90 years.
The Supreme Court ruled that mail-in ballots can arrive after Election Day and still be counted.
The Supreme Court's 5-4 ruling on mail-in ballots, written by Justice Amy Coney Barrett, upholds laws in Mississippi and more than 20 other states allowing ballots postmarked by Election Day to be counted if they arrive up to 5 days later.
The Supreme Court ruled that the "for-cause" removal restriction for a Federal Reserve governor requires that the official receive notice and an opportunity to be heard, which was not offered to Lisa Cook.
In the case of FTC commissioner Rebecca Slaughter, the Supreme Court ruled that the president could fire her and other independent commissioners.
The Supreme Court left intact a jury's finding that Donald Trump sexually abused and defamed E. Jean Carroll, allowing her to collect a $5 million award.
A Supreme Court decision on the legality of President Trump's executive order to end automatic birthright citizenship is expected later this week or in early July.
Justice Brett Kavanaugh had previously indicated that he views the Federal Reserve as different from other government agencies.
The expansion of presidential firing authority is based on the unitary executive theory, which centralizes power of executive branch agencies in the president.
U.S. stocks, including the S&P, Dow, and Nasdaq, pared gains and hit session lows around the time the Supreme Court published its opinion on presidential firing powers.