U.S. Treasury Secretary Yellen: It is expected that regulators will be open to mergers between regional banks in the current banking environment.

G7 communiqué: G7 has increased support for Ukraine to $44 billion.

G7 Communiqué: G7 forges new partnership on supply chain resilience.

G7 Communiqué: Calls on other countries to join sanctions against Russia.

Market news: Twitter will restrict access to some content in Turkey.

Bangladesh halted southbound river transport as the cyclone approached.

The Myanmar Meteorological Department raised the typhoon warning level from orange to red, with "extremely severe" Cyclone Mocha expected on Sunday.

U.S. Ambassador to the United Nations Linda Thomas-Greenfield spoke with Ukrainian Foreign Minister Kuleba and confirmed the U.S. commitment to supporting Ukraine.

Federal Reserve Governor Jefferson: Inflation is the most hidden "social disease".

Fed Governor Jefferson: I take my dual mandate very seriously.

U.S. Treasury Secretary Yellen: Higher long-term interest rates will exacerbate risks to debt.

U.S. Treasury Secretary Yellen: As interest rates rise, commercial real estate is at risk.

Sky News UK: Virgin Orbit and its advisers have told potential bidders that the deadline for submitting final offers has been pushed back by days to May 19.

General Motors is recalling 994,763 vehicles in the U.S. due to air bag problems, the National Highway Traffic Safety Administration (NHTSA) said.

Fed Governor Jefferson: The full impact of rapid rate hikes may be about to be felt.

Fed Governor Jefferson: Bank pressure may exacerbate financial tightening.

For the week, the S&P 500 fell 0.3 percent, the Dow lost 1.1 percent and the Nasdaq rose 0.4 percent.