Apr 29 Watch 7:10 How upcoming tariff refunds may affect U.S. businesses and consumers By Stephanie Sy, Diane Lincoln Estes One of the many uncertainties clouding the U.S. economic picture is tariffs — both the prospect of new ones and upcoming refunds from those struck down by the Supreme Court. Stephanie Sy speaks with Jay Foreman, CEO of the toy… Continue watching
Apr 29 WATCH: Committee sends Kevin Warsh's nomination for Fed chair to full Senate vote By Christopher Rugaber, Associated Press The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a long-time target of President Trump’s insults for not cutting borrowing costs as far as… Continue reading
Apr 28 WATCH: Powell says he plans to stay at Fed after chair term ends amid legal attacks by the Trump administration By Christopher Rugaber, Associated Press “I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Jerome Powell said in fairly candid remarks at a press conference after the Fed announced its decision to keep its… Continue reading
Apr 28 United Arab Emirates will leave OPEC on May 1 By Jon Gambrell, Associated Press The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC and its wider OPEC+ group effective May 1, a move rumored for some time as the Emirates chafed under production restrictions and had increasingly frosty relations… Continue reading
Apr 25 What to know if your flight is canceled as jet fuel costs rise By Rio Yamat, Associated Press With airlines worldwide canceling flights as the war in the Middle East strains jet fuel supplies and pushes up prices, here's what to know if your flight is canceled. Continue reading
Apr 24 Companies are paying millions to cross Panama Canal during Strait of Hormuz chokehold By Alma Solís, Megan Janetsky, Associated Press Businesses have doled out as much as $4 million for last-minute plans to move boats through the Panama Canal in recent weeks, the Panama Canal Authority says, as Iran war's effective closure of the Strait of Hormuz generates a seismic shift in global trade… Continue reading
Apr 24 What a combined Paramount-Warner would mean for streaming, movies and news By Wyatte Grantham-Philips, Associated Press While the deal still faces regulatory review, the megamerger would vastly reshape Hollywood and the wider media landscape, further consolidating power in an industry already run by just a handful of major players. Continue reading
Apr 24 U.S. launches sweeping crackdown on Southeast Asia cyberscams and sanctions Cambodian senator By Grant Peck, Associated Press U.S. officials have announced a sweeping crackdown on Southeast Asian cyberscam operations as part of what U.S. Attorney Jeanine Pirro characterized Friday as a “new theater of war” launched by the Trump administration against Chinese transnational organized crime. Continue reading
Apr 24 Trump administration vows crackdown on Chinese companies 'exploiting' AI models made in U.S. By Matt O'Brien, Associated Press The memo arrives at a time when China is challenging U.S. dominance in artificial intelligence, an area where the White House says the U.S. must prevail to set global standards and reap economic and military benefits. Continue reading
Apr 24 Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh confirmation By Christopher Rugaber, Eric Tucker, Associated Press The decision ends an investigation, one of several undertaken by the Justice Department into President Donald Trump’s perceived adversaries, that for months had failed to gain traction as prosecutors struggled to articulate a basis to suspect criminal conduct. Continue reading