The Fed’s Financial Stability Report names geopolitical turmoil and an oil‑price shock as the top near‑term risks to markets, with AI‑funded debt and private credit adding fragility.

Pyongyang says new 155‑mm howitzers have over 60 km range and will commission the Choe Hyon destroyer, a fresh escalation that brings Seoul’s outskirts into play.

The FDA's May 8 guidance says some e‑cigarettes and nicotine pouches with accepted applications won't be a priority for enforcement while reviews continue. The change could keep certain products on shelves during scientific review.

Poll averages from May 8 show Democrats leading the generic congressional ballot by roughly 5–6 points, a swing that could reshuffle which House seats are competitive this fall.

Hochul’s office says New York will opt into the federal Education Freedom Tax Credit, allowing donors to claim federal credits for K–12 scholarships while the state vets the rules.

Federal regulators and the DOJ are probing hundreds of millions in well‑timed oil bets placed minutes before major Iran‑related announcements, data show.

Silver Lake says outdated Medicaid rates — set on 2007 costs — leave the Staten Island home hundreds short per complex patient and prompted a lawsuit against the state.

The city's inspector general is operating with a skeleton staff months into Mayor Mamdani's term, raising fresh questions about NYPD oversight.

A bill in Albany would let New York National Guard members who served at Ground Zero file for workers’ compensation tied to certified 9/11 illnesses. Backers say it corrects a 2022 exclusion.

East Hampton’s town board will hear a proposed law May 7 that would limit town cooperation with federal civil immigration enforcement and create a community task force.

Rep. Pat Ryan appears to hold an early edge in New York’s 18th District as Republicans scramble to name a replacement nominee and a court upholds the substitution. Poll trackers and local filings make this a race to watch through the June primary and into November.

Several top federal prosecutors and enforcement chiefs canceled appearances at the New York City Bar’s white‑collar conference, exposing a widening rift with the organized bar. Organizers scrambled to fill panels amid questions about Washington’s new posture toward legal groups.

Mayor Mamdani says federal immigration enforcement is hurting NYC’s small businesses, with owners reporting lost customers and staff shortages.