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Retail sales up a sharp 1.7% in March from February driven by a spike in gas prices due to the Iran war

By Anne D'Innocenzio, Associated Press

Excluding gas prices, the growth was a slim 0.6%, helped in part by government tax refunds and warm weather.

WATCH: Kevin Warsh testifies in Senate Banking confirmation hearing for Fed chair

By Christopher Rugaber, Associated Press

President Donald Trump’s nominee to chair the Federal Reserve said Tuesday that he never promised the White House that he would cut interest rates, even as the president renewed his calls for the central bank to do so.

Oil prices rise and stocks give back part of record-breaking rally following latest Iran tensions

By Stan Choe, Associated Press

Oil prices are climbing following the latest rise of U.S.-Iran tensions, but the moves are more modest than they were earlier in the war.

Canada's prime minister says economic connection to the U.S. has shifted from a strength to a weakness

By Jim Morris, Associated Press

Prime Minister Mark Carney said tariffs imposed by U.S. President Donald Trump have impacted workers in such major industries as auto and steel and prompted businesses to hold back investments.

Federal judge blocks Nexstar-Tegna merger until antitrust lawsuit is resolved

By Rebecca Boone, Associated Press

Nexstar’s attorneys say the deal has already been vetted and approved by the Federal Communications Commission and the Department of Justice.

Oil prices plummet as Wall Street rallies to new record following Strait of Hormuz reopening

By Stan Choe, Associated Press

Oil prices are falling by more than 10%, and Wall Street is rallying toward another record after Iran said the Strait of Hormuz is fully open, which would allow oil tankers to exit the Persian Gulf again and carry crude…

What lagging jet fuel supplies could mean for airlines and travelers

By Mae Anderson, Cathy Bussewitz, Wyatte Grantham-Philips, Associated Press

A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn't start flowing again soon — meaning higher airfares and flight cancellations as the…

WATCH: Trump attends Tax Day roundtable in Las Vegas as he touts 'no tax on tips' policy

By Michelle L. Price, Jessica Hill, Associated Press

President Donald Trump is betting that the tax cuts he signed into law last year will resonate with voters in Las Vegas, where he highlighted his tax breaks for tipped workers in an appeal targeted at this year's midterm elections.

Wall Street hits record as S&P 500 continues 2-week rally, boosted by hopes for Iran war's end

By Stan Choe, Associated Press

The S&P 500 rose 0.8% and eclipsed its prior all-time high set in January. Whether Wall Street is correct to have so much hope for peace and whether stocks should be the highest they’ve ever been remains to be seen.

WATCH: Bessent warns that U.S. is launching 'financial equivalent' of bombing Iran

By Associated Press

The warning comes the day after Treasury Department sent a letter to financial institutions in China, Hong Kong, the United Arab Emirates, and Oman, threatening to levy secondary sanctions for doing business with Iran.