Morning Brew

1 day ago | morningbrew.com | Matty Merritt

As Jerome Powell was finishing up his summer Capitol Hill tour on Wednesday, The Wall Street Journal reported that President Trump could name a successor to Powell—whose term as Fed chair doesn’t end until May 2026—as early as this summer, potentially anointing a controversial “shadow chair.”The dollar dropped by over 0.5% yesterday to a three-year low as investors mulled the possible threat to the political independence of the Fed.

2 days ago | morningbrew.com | Matty Merritt

For decades, New Balance has been known as the brand of shoes your dad wears on trips to Home Depot because his sciatica is acting up. But the sneaker company was on the big stage last night, outfitting basketball prodigy Cooper Flagg, who was selected with the No. 1 overall pick in the NBA draft by the Dallas Mavericks. New Balance has just a fraction of the market share that huge brands like Nike and Adidas have, but it’s hoping Flagg can help propel it into sports relevancy.

3 days ago | morningbrew.com | Matty Merritt

The only person asking for more patience than Fed Chair Jerome Powell is someone running back to grab an onion “real quick” while their groceries hurtle down the conveyor belt at checkout. Powell testified before the House Financial Services Committee yesterday, with his semiannual address mirroring his usual script: Wait and see.

4 days ago | morningbrew.com | Holly Van Leuven

New risks to the global economy emerged following the US’ airstrikes on three Iranian nuclear sites on Saturday (early Sunday local time). President Trump called the action a “spectacular military success” toward his goal of destroying Iran’s nuclear enrichment capacity and stopping the nuclear threat from the nation.

1 week ago | morningbrew.com | Matty Merritt

Huge news for golfers who are looking for a hands-free way to record their shot and then immediately delete upon whiffing it. After finding itself with a surprise hit with its Ray-Ban collab, Meta is releasing its first collaboration with Oakley summer, a pair of AI-enabled sunglasses geared toward athletes.