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  • May 02, 2025

Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs. After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, Trump subsequently backed off and said he had no intention of doing so. The Fed sharply ramped up its short-term rate in 2022 and 2023 as pandemic-era inflation spiked.

  • May 02, 2025

Big Oil earnings show split in production strategy, shareholder returns

HOUSTON/LONDON (Reuters) -Big Oil's first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn sparked by a slump in oil prices to a four-year low in April. Investors were focused on whether companies would cut share repurchases, since lower crude prices would leave them with less cash to fund the programs. Buybacks and dividends are key to investor interest in the oil industry.

  • May 02, 2025

Federal Reserve reviewing confidential ratings for US big banks, WSJ reports

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.

  • May 02, 2025

US Treasuries Slide as Solid Jobs Market Gives Fed Room on Rates

(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

  • May 02, 2025

In Wall Street’s Epic Comeback, Unsolved Market Mysteries Abound

(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

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