Federal Reserve Board Governor Lisa Cook said Friday that last month's financial market volatility, sparked by U.S. President Donald Trump's tariff announcement, did not lead to the same kind of market dysfunction seen at the onset of the Covid-19 pandemic.

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The sell-off in bonds accelerated midweek after a weak Treasury auction and as investors worry that Trump's tax bill will add trillions to the deficit.

This week, earnings from Home Depot, Lowe’s, and Target are scheduled, along with data on new and existing home sales and remarks from Federal Reserve officials.

Royal Bank of Canada's capital markets wing has established a new artificial intelligence and digital innovation team as it bets on AI to boost future growth, the Canadian lender told Reuters on Wednesday.

Mortgage rates are down slightly since the start of the year, Freddie Mac data show — and since January, the median sales price for homes sold in the U.S. has dropped more than $30,000 to $403,600, according to government figures. (See some of the best mortgage rates here, from our partner Bankrate.)

The manager of the Federal Reserve’s massive portfolio of securities said the central bank’s effort to reduce the size of its balance sheet is beginning to place pressure on the market for repurchase agreements.

As the economic landscape continues to evolve, private markets are emerging as an essential component of modern portfolios.