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Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank's independence.
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Michigan gas prices climb again, near $5 a gallon in some areas The Detroit NewsOil prices hit wartime peak, pushing U.S. gas costs to highest since level July 2022 CBS NewsGas price hikes cast questions for Detroit Three earnings The Detroit NewsOil Prices Spike, National Average Up Nearly 30 Cents in One Week AAA Gas Prices
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The S&P 500 and Nasdaq composite just tallied their best month in six years, surprising the bears focused on oil prices.
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The S&P 500 rose 10.4% in April, led by a gain of more than 18% for the communication-services sector.
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Strong earnings and AI spending plans help investors shrug off fallout from Middle East conflict
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A key measure of inflation used by the Federal Reserve to set interest rates posted the biggest increase in March in almost three years, marking another major hurdle for a resilient but harried U.S. economy.
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