News

Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.

Foreign investors have continued to buy into US stock ETFs since the market peaked in February, bucking the narrative of a "sell America" investing trend.

Alphabet, Google's parent company, reported Q1 earnings Thursday. Results majorly beat analyst expectations, sending the stock soaring after hours.

Shares of Cantor Equity Partners—a blank check company headed by Brandon Lutnick, the son of President Trump's Commerce Secretary—soared Thursday, a day after it announced a deal to form the world's third-largest corporate Bitcoin treasury.

Analysts say the risk of a U.S. recession has increased this year, but investors are holding out hope America can weather the storm of President Trump’s tariffs.

WASHINGTON (Reuters) -U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities. In addition, the Fed joined the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency in withdrawing a pair of 2023 statements urging banks to be vigilant around crypto-related risks.

TRADING DAY Making sense of the forces driving global markets. By Alden Bentley, Americas Finance and Markets Breaking News Editor. Jamie is away so I'll provide a round-up of today's main market moves below.