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The Fed is yet to release the new ratings for U.S. banks with over $100 billion or more in assets and intends to wait until the Senate confirms Michelle Bowman as the new top banking cop, the report added, citing people familiar with the matter. The Federal Reserve declined to comment on the matter, when contacted by Reuters. Bowman was nominated by President Donald Trump for the vice chair for supervision role, the Fed's top regulatory post.

Several of America's tech giants posted better-than-expected earnings this week, even as worries about the economy in the face of shifting tariff policies and tightening trade restrictions loomed.

The S&P 500 jumped 1.5% on Friday, May 2, 2025, as the latest jobs report revealed a strong pace of hiring in April despite tariff-related uncertainties.

(Bloomberg) -- US Treasuries fell after stronger-than-expected US employment data showed tariff uncertainty hasn’t hit the nation’s jobs market yet, prompting traders to trim bets on imminent interest-rate cuts.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund UpgradesNYC’s Congesti

(Bloomberg) -- It was the week Wall Street got its swagger back. Stocks staged a gravity-defying rebound to wipe out all losses from April’s tariff shock, Corporate America unleashed billions in pent-up bond sales and speculative assets from crypto to unprofitable tech companies surged.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC

Palantir is scheduled to report quarterly results after the closing bell Monday, with analysts largely taking a wait-and-see approach on the artificial intelligence software firm.

The pair took voluntary resignation offers and left their positions after only a little more than a year of government service, according to two people.