Fed leadership
Trump said he would not dismiss Powell before the end of the Fed chair's term.
May 4, 2025 · QQQ/SPY Market Review · 6 headlines
U.S. markets were closed Sunday. Fed leadership, OPEC+ supply, film tariffs, TikTok policy and Apple's iPhone release plan supplied context ahead of the next session.
Published
Trump said he would not dismiss Powell before the end of the Fed chair's term.
OPEC+ agreed to raise June oil supply by 411,000 barrels per day, accelerating restoration for a second consecutive month.
Trump planned a 100% tariff on foreign-produced films and said he would consider another TikTok sale-deadline extension if needed.
Reports said Apple planned to split high-end and affordable iPhone launches into a twice-yearly schedule starting in 2026.
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