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Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran's ports would persist.
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Powell Says He Will Stay On as Fed Governor After Term as Chair Ends The New York TimesFed holds rates steady but with highest level of dissent since 1992 CNBCPowell says he'll remain on U.S. Federal Reserve board, denying Trump a chance to name his own appointee CBCFed officials poised to dissent on rates with Warsh on verge of getting chair PoliticoPowell to remain as Fed governor, denying Trump a key vacancy
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Scoop: Commanders to brief Trump on new Iran military options Thursday AxiosUS seeks new coalition to get ships moving again in Hormuz, internal cable says ReutersOil Hits Wartime High on Report US Eyeing Iran Military Options BloombergUS military developing plans to target Iran's Strait of Hormuz defenses if ceasefire fails CNNAs Hormuz Traffic Stalls, U.S. Pitches New Coalition to Get Ships Moving
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Jerome H. Powell on Wednesday announced he would stay on as a governor at the central bank as internal divisions sharpen about the policy path forward.
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Meta earnings updates: Revenue beats estimate but stock drops as company expects capex spending increase Business InsiderMeta stock drops on quarterly results as 'internet disruptions' in Iran drag down user numbers CNBC2 key risks Meta warned investors about in its Q1 earnings report Yahoo FinanceMeta Shares Plunge on Escalating Concerns Over AI Spending Spree Bloomberg.com
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Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in EVs.
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10 current and former Mexican officials accused in US indictment of aiding drug trafficking AP NewsUS charges governor of Mexico's Sinaloa state and 9 others with drug trafficking and weapons charges CNNMexican Governor's Indictment in US Puts Claudia Sheinbaum in a Bind BloombergUS accuses Mexican governor of alleged cartel ties, marking new front in drug war Reuters
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The oil shock and elevated inflation are top worries for investors in the bond market as Federal Reserve Chair Jerome Powell prepares to deliver the final press conference of his career at the central bank's helm.
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Fed holds rates steady amid sharp divide over policy easing bias ReutersFed holds rates steady but with highest level of dissent since 1992 CNBCJerome Powell Is Staying at the Fed. That Isn't Kevin Warsh's Biggest Problem. Barron'sPowell to remain as Fed governor, denying Trump a key vacancy AxiosFed officials poised to disse
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