Apr 30 U.S. economy grew 2% from January-March, but Iran war clouds outlook By Paul Wiseman, Associated Press “This is a split-screen economy.”… Continue reading
Apr 30 Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices By Christopher Rugaber, Associated Press A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve. Continue reading
Apr 29 Watch 5:26 Powell says he will stay on Fed board after chair term ends, addressing Trump's attacks By Amna Nawaz, Jackson Hudgins The Federal Reserve is transitioning to new leadership. Kevin Warsh, Trump’s pick for Fed chair, was confirmed by a Senate committee today, clearing the way for a full Senate vote. Jerome Powell said he’ll step aside when his term as… Continue watching
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