President Donald Trump signed an executive order directing federal agencies to promote advanced AI innovation while strengthening cybersecurity defenses across government and critical infrastructure. The order calls for an AI cybersecurity clearinghouse, expanded access to AI-enabled defensive tools, and a voluntary framework for developers to give the federal government early access to certain frontier models before broader release. The White House said the effort is intended to support secure AI deployment, protect U.S. intellectual property and harden public and private systems against emerging threats.

US Treasury yields have seen their biggest drop in more than two weeks after US-Iran tensions pushed oil prices above $98 a barrel, raising expectations of a Federal Reserve rate hike. The yield on the 10-year Treasury note rose four basis points to 4.48%, while swaps indicate an 85% chance of a quarter-point hike by the end of the year.

Goldman Sachs CEO David Solomon says there is "more greed than there is fear" in financial markets as investors drive stock prices higher despite concerns about asset prices, oil costs and inflation. Speaking at the Economic Club of New York, Solomon discussed the market's ability to absorb upcoming mega IPOs from companies such as SpaceX and OpenAI, noting ample liquidity if optimism persists.

Non-bank trading firms generated a combined $114 billion in revenue in 2025, marking a 45% increase over the previous year, according to Crisil Coalition Greenwich. The strong performance was fueled by supportive market conditions and the electrification of financial markets, positioning trading firms as key players in both retail and institutional arenas.

Federal Reserve Chairman Kevin Warsh has appointed conservative policy veterans Paul Winfree and Daniel Heil as temporary advisers. Winfree, who contributed to the Project 2025 blueprint, and Heil, a Hoover Institution fellow, will assist with policy analysis and planning, although neither has experience in monetary policy or bank regulation.

The Federal Reserve, FDIC and OCC removed references to reputational risk from certain supervisory guidance, saying oversight should focus on material financial and operational risks. The move, tied to a broader review of "debanking" policies, aims to improve transparency and consistency.

The US has proposed new tariffs of 10% to 12.5% on imports from 60 economies, arguing their efforts to curb goods made with forced labor are insufficient and disadvantage US workers. The measures, introduced under a Section 301 trade investigation, would add pressure on trading partners while exempting products such as energy, rare earths, pharmaceuticals and aircraft parts.