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US military maintaining blockade on Iranian ports as peace talks are set to begin Fox NewsLive Updates: Diplomatic efforts to end Iran war, reopen Strait of Hormuz intensify on multiple fronts CBS NewsLive updates: Pakistan delegation meets Iranian officials hoping for more US-Iran talks AP NewsMiddle East war live: Beirut casts doubt on US president's Lebanon-Israe
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Jerome H. Powell's term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that.
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Many Fed districts also reported growing signs of financial strain among consumers, along with increased price sensitivity and rising demand at food banks.
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Hopes for Middle East peace grow with Israel and Lebanon eyeing ceasefire ReutersLive updates: Israel and Lebanon leaders to hold talks, Trump says NBC NewsTrump says Israel and Lebanon's leaders will speak on Thursday Al JazeeraLebanese, Israeli diplomats hold rare face-to-face meeting in Washington The Washington Post
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Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
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The Bank of New York Mellon Corporation (BNY Mellon) has gone live with an electronic platform that stores and protects cryptocurrencies, including bitcoin and ether.
The 238-year-old bank's new Digital Asset Custody platform currently allows its US clients to store and transfer blockchain-based cryptocurrency with the same assurances the bank offers to protect traditional assets.
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