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Microsoft shares experienced a decline following the company's announcement that its capital expenditures for calendar-year 2026 are projected to reach $190 billion, surpassing its previous AI investment outlook of $150 billion. According to NS3.AI, despite this adjustment, Microsoft exceeded Bloomberg's consensus expectations with third-quarter earnings per share of $4.27, based on revenue of $82.89 billion. Additionally, Microsoft reported that its AI business has achieved an annual revenue run rate of $37 billion, marking a 123% increase year over year.

Key TakeawaysPowell confirmed this was his last press conference as chair, congratulating Kevin Warsh and wishing the Fed resilienceThe Fed held rates unchanged but recorded four dissenting votes -- the most since October 1992 -- exposing deep internal divisions as Powell exitsPowell expects March PCE inflation at 3.5%, with rising energy prices pushing short-term inflation higher and the economic outlook described as "highly uncertain"Powell confirmed he will remain on the Fed board after May 15 in a "low-profile" manner, saying government actions left him "no choice" but to stayPowell stated clearly: "I will never be a shadow chairman" -- and added that the next meeting may consider shifting away from the current accommodative policy stanceJerome Powell closed out his tenure as Federal Reserve Chairman on April 30 with a press conference that was simultaneously a gracious farewell, a defiant institutional stand, and a window into a central bank more divided than it has been in more than three decades."This is my last press conference as chairman. Congratulations to Warsh," Powell said, offering a brief but pointed acknowledgment of his successor before turning to the substance of a meeting that produced one of the most fractured FOMC votes in modern Fed history.Four Dissents -- The Most Since 1992The Fed held interest rates unchanged as widely expected, but the vote exposed significant internal rifts. Of 12 voting members, four dissented -- the largest dissenting bloc since October 1992. The split was not uniform in direction. Governor Milan voted against holding rates and supported a 25 basis point rate cut. Cleveland Fed President Beth Hamak, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan voted to hold rates but opposed retaining dovish language in the policy statement -- specifically the word "further" in reference to future rate adjustments, which investment banks had widely expected to be removed as a signal of reduced easing bias.The retention of "further" in the statement despite opposition from three hawkish dissenters and one dovish dissenter underscores the difficulty Powell faced in forging consensus in his final meeting as chair.Inflation Rising, Outlook UncertainPowell delivered a sobering economic assessment. He expects the March PCE inflation rate to come in at approximately 3.5%, with little change in the unemployment rate. Inflation expectations have risen recently, he said, with energy prices -- driven by the Iran conflict and the Strait of Hormuz disruption -- pushing short-term inflation higher. "High inflation partly reflects rising energy prices," Powell said, adding that the current policy stance remains appropriate given the circumstances.Consumer spending remains resilient, Powell noted, though labor demand has weakened. He described the economic outlook as "highly uncertain" and said events in the Middle East have materially increased that uncertainty, with risks present on both sides of the Fed's dual mandate.Next Meeting May Signal Policy ShiftIn a notable forward guidance signal, Powell said the number of officials who believe the probability of a rate hike is roughly equal to the probability of a rate cut has increased -- a shift toward neutral that could translate into a formal policy stance change at the next meeting. "Perhaps the next meeting will consider changing the current accommodative stance," Powell said, a statement that markets will interpret as a signal that the dovish bias embedded in current Fed language may not survive into the next chair's tenure.Powell on Staying: 'No Choice'The most personal and politically charged portion of the press conference centered on Powell's decision to remain on the Fed board after stepping down as chair on May 15. Powell welcomed the Justice Department's announcement that it would not reopen its investigation into him unless the Inspector General makes a criminal referral, but made clear it was insufficient to prompt his departure."I stand by my position and will not leave until the Department of Justice investigation is fully concluded," Powell said. "I will remain on the board after May 15. I will continue to serve as a Federal Reserve Governor, for a period to be determined, in a low-profile manner."Powell was direct about his disagreement with the Trump administration. "It is extremely important that the Federal Reserve not get involved in politics. I had long planned to retire, but recent government actions have left me with no choice but to stay," he said, adding: "I do not agree with the administration's actions."When asked whether his continued presence on the board was politically motivated, Powell rejected the framing. "I do not believe so," he said, framing his decision as an institutional obligation rather than a political act.'I Will Never Be a Shadow Chairman'Powell moved preemptively to address concerns that a former chair remaining as a sitting governor could create a parallel power center at the Fed. "I will never be a shadow chairman," he said explicitly, adding that he respects the role of the Fed chairman and intends to operate strictly as a board member -- not as an alternative voice on monetary policy.The combination of a gracious farewell to Warsh, a record dissent count, a hawkish inflation outlook, and a defiant commitment to stay on the board makes Powell's final press conference one of the most consequential -- and unusual -- in the Fed's modern history.

According to the announcement from Binance, a new campaign is set to engage users with the opportunity to win 66 BNB in token vouchers. The activity period begins on 2026-04-30 at 04:00 (UTC) and will continue until the countdown timer reaches 00:00 without interruption or 30 days after the activity starts, whichever comes first. Participants must register on the activity landing page, and the game will commence once 50,000 users have joined. Each eligible participant will receive five free shots, and the game involves keeping the ball in play by taking shots before the timer resets.
To enhance their chances, users can earn additional shots by completing various tasks. These include daily sharing tasks, trading tasks, and referral tasks. For trading tasks, users must accumulate specific trading volumes across eligible BNB trading pairs on Binance Spot or Convert. Referral tasks require inviting friends to join Binance, complete account verification, and make a first trade of $50. The rankings on the landing page will reflect how close a user's shot came to reaching the final whistle before being reset. If no user manages to reach the final whistle by the end of the activity, the user(s) with the highest ranking will be eligible for the grand prize.
Rewards will be distributed as token vouchers within two weeks after the activity concludes. Winners can redeem their vouchers via the Rewards Hub, and these vouchers will expire two weeks after distribution. Binance reserves the right to disqualify users involved in dishonest behavior or those who tamper with the program code. The campaign is subject to terms and conditions, and users are encouraged to familiarize themselves with these before participating.

BitMEX co-founder Arthur Hayes said Bitcoin’s rebound from $60,000 highlights a key level that must hold for a meaningful recovery. He noted uncertainty around its strength but emphasized its importance for market confidence. Hayes added that trillions in monetary stimulus could drive the next rally, potentially pushing Bitcoin past $100,000 and $126,000, with further gains depending on the scale of liquidity.

Franklin Templeton has revealed that its Franklin OnChain U.S. Government Money Fund (FOBXX) has been operational for five years. According to Odaily, the fund operates using the BENJI token and has grown to become the second largest real-world asset (RWA) on the Stellar network. As of April 2026, the fund's assets under management have reached $1.98 billion.