The New York Times said Trump waved a draft letter firing Powell at an Oval Office meeting late Tuesday. Trump had gathered a group of Republicans that had blocked a procedural vote that would have advanced crypto legislation, to convince them to let the legislation advance. Odds of Powell being fired surged to 40% on prediction market Kalshi.

Citigroup, Goldman Sachs and other major banks post massive trading gains as market volatility defines Trump’s economic landscape.

Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.

Goldman Sachs posted the largest quarterly stock-trading bonanza in its history, as banks across Wall Street bagged fat profits from markets roiled by uncertainty over President Trump’s tariffs.

Profits at Goldman Sachs surged from boosts in trading and dealmaking, the latest example of how big Wall Street banks were able to recover from the market chaos triggered by President Trump's tariffs.

The arrival of agentic AI at Goldman Sachs, in which programs don’t just help with tasks but execute complex jobs, signals a shift on Wall Street.