YouTube Description — Copy & Paste

FINANCE NEWS DAILY REPORT — MAY 3, 2026

In today's comprehensive finance news report, we cover the 10 biggest stories moving markets this weekend. The S&P 500 and Nasdaq Composite hit new all-time highs on Friday, powered by blockbuster Magnificent Seven tech earnings and the AI-driven rally that continues to dominate global investor sentiment. We break down the Federal Reserve leadership transition as Jerome Powell prepares to hand the reins to Kevin Warsh on May 15 — and what it means for interest rates, balance sheet policy, and the divided FOMC. GameStop CEO Ryan Cohen drops a $56 billion bombshell with a takeover bid for eBay — we analyze the deal structure, the financing, and the skepticism from Wall Street analysts.

We also cover the alarming milestone of U.S. na ...