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Trump calls on Federal Reserve Governor Lisa Cook to resign
President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, citing an allegation of potential mortgage fraud. "Cook must resign, now!!!" Trump wrote on his social media platform. Earlier Wednesday, Bill Pulte, the director of the Federal Housing Finance Agency, posted on the social media platform X part of an Aug. 15 letter sent to U.S. Attorney General Pam Bondi accusing Cook of falsifying bank documents and property records to acquire more favorable loan terms, "potentially committing mortgage fraud," the letter stated. Trump's post included a link to a Bloomberg report about Pulte's request for an investigation. In a statement provided to ABC, Cook said she learned from the media about Pulte's letter seeking a criminal referral over the mortgage application, which predated her time with the Federal Reserve. "I have no intention of being bullied to step down from my position because of some questions raised in a tweet," Cook said in the statement. "I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts." Trump's call for Cook to step down comes as he has repeatedly denounced Federal Reserve chair Jerome Powell, whom he has dubbed "too late Powell" for not cutting interest rates as well as a "stubborn mule" and "numbskull." Cook was nominated to serve on the board of governors in 2022 by former President Joe Biden. Her term runs until January 2038. Cook is the first Black woman in history to serve on the Federal Reserve Board of Governors. Trump appears to be rallying for another open seat on the board, which would allow him to appoint someone more aligned with his views. The president was able to nominate a Federal Reserve governor almost six months ahead of schedule when Adriana Kugler announced earlier this month she was stepping down. The president picked Stephen Miran to temporarily serve on the Fed board. If Miran is confirmed by the Senate in time, he could be on the board for its September meeting.
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Masimo sues US Customs over approval of Apple Watch imports
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Is Wall Street Bullish or Bearish on PTC Stock?
Headquartered in Boston, Massachusetts, and carrying a market capitalization of approximately $24.7 billion, PTC Inc. (PTC) delivers an extensive suite of software solutions, spanning computer-aided design modeling, product lifecycle management, data orchestration, and experience creation products. Over the past 52 weeks, PTC stock has climbed 20%, outpacing the S&P 500 Index ($SPX), which rose 16.1% during the same stretch. Year-to-date (YTD), the stock has advanced 13.3%, maintaining its edge over the SPX's 9.7% gain. More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Apple Expects $1.1 Billion Tariff Hit in 4th Quarter After $800 Million Q3 Hit; CEO Tim Cook Warns 'Many Factors That Could Change' Cathie Wood Is Buying BLSH Stock After the Bullish IPO. Should You? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Within the technology sector, however, PTC has slightly trailed the S&P 500 Technology Sector SPDR (XLK), which recorded a 20.3% gain over the past year. Although, on a YTD basis, PTC has exceeded XLK's 14.5% growth, signifying consistent momentum. Momentum accelerated on July 31, when PTC shares rose 6.1%, following a day after the announcement of its fiscal third-quarter 2025 results, which surpassed Wall Street expectations. Revenue for the period increased 24.2% year over year (YoY) to $643.9 million, comfortably above the analyst estimate of $582.4 million. Adjusted EPS climbed 67.3% annually to $1.64 and surpassed the Street's forecast. For the fiscal year 2025, ending in September, analysts forecast PTC to achieve EPS growth of 47.4%, reaching $5.41 on a diluted basis. The company has demonstrated a consistent pattern of outperforming consensus estimates across the past four quarters. Among 19 analysts covering PTC stock, the consensus rating is a "Strong Buy," an upgrade from a 'Moderate Buy' rating a month back. The current consensus consists of 13 "Strong Buy" ratings, one "Moderate Buy," and five 'Hold' recommendations. The current analyst sentiment has grown slightly more bullish compared with three months ago, when 12 analysts held "Strong Buy" ratings. On July 31, BMO Capital raised its price target on PTC to $231 from $187, maintaining an 'Outperform' rating, citing fiscal Q3 results that were "better than feared" and noting modest improvements in deal trends. The same day, Barclays PLC (BCS) lifted its price target from $203 to $233, upholding its 'Overweight' rating. The upward revision followed closely on the heels of the company's earnings release for Q3. The mean price target of $226.61 represents an 8.8% premium to PTC's current price levels. Meanwhile, the Street-high price target of $250 suggests a potential upside of 20%. On the date of publication, Sristi Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
