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Justice Dept drops investigation into Fed Chair Powell, removing obstacle to Warsh
The justice department has closed its investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to Kevin Warsh's confirmation as Fed chair.
Oil volatile as supply worries offset hopes for Iran-US talks
Oil prices fluctuate as supply concerns from the Strait of Hormuz disruption offset hopes for renewed Iran-US peace talks hosted by Pakistan.
Warner Bros shareholders back $110B merger with Paramount Skydance
Warner Bros Discovery shareholders approved the $110 billion merger with Paramount Skydance, pending regulatory review in the U.S. and London.
US weekly jobless claims increase marginally as labor market remains stable
Initial jobless claims in the US rose slightly to 214,000, signaling labor market stability amid economic uncertainty and geopolitical tensions.
US reclassifies certain marijuana products as a less-dangerous drug
The U.S. Department of Justice reschedules FDA-approved marijuana from Schedule I to Schedule III, easing research and industry restrictions.
US set to reclassify marijuana as early as Wednesday, Axios reports
The US administration is expected to reclassify marijuana, removing federal barriers and reshaping the cannabis industry.
United Airlines says fares may need to rise up to 20% to offset fuel surge
United Airlines plans to increase ticket prices by up to 20% to offset rising jet fuel costs, impacting fare strategies amid volatile energy prices.
Oil prices rise after reports container ships in Hormuz hit by gunfire
Oil prices rose 2% after gunfire attacks on container ships in the Strait of Hormuz amid stalled U.S.-Iran peace talks and supply concerns.
Trump says he will ‘remember’ companies that don’t seek tariff refunds
President Donald Trump said he will remember companies like Apple and Amazon that do not seek refunds for tariffs deemed illegal by the Supreme Court.
U.S. consumer spending surged in March. Here’s what drove that
U.S. consumer spending rose 1.7% in March driven by higher gas prices and larger tax refunds, reflecting economic impacts of the U.S.-Iran conflict.
US judge blocks Trump administration actions stymieing wind, solar projects
A federal judge in Boston blocked Trump administration policies that delayed wind and solar energy projects, supporting renewable development nationwide.
Fed chief nominee Warsh commits to central bank’s independence, with limits
Kevin Warsh, nominee to lead the Federal Reserve, pledges to maintain monetary policy independence while working with Congress on other Fed functions.
