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"I will continue to serve as a governor for a period of time to be determined," the outgoing Federal Reserve chair said Wednesday.
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The Federal Reserve also on Wednesday left interest rates unchanged for its third straight meeting amid higher energy costs.
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Jennifer Clinchy reviewed thousands of resumes before starting her side hustle.
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Oil Prices Rise After Trump Warns ‘No More Mr Nice Guy' in Iran War, OPEC Fractures Barron'sTrump threatens Iran with AI picture of himself with a gun: 'No more Mr. Nice guy!' CNBCTrump warns Iran 'better get smart soon' as he weighs military options over Strait of Hormuz NBC News
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The new Razr Ultra is still the best-looking phone out there The VergeThe iPhone Fold Could Cut Short the Motorola Razr Fold's Big Moment CNETMotorola's New Razr Folding Phones Command a Higher Price and Few Upgrades WIREDHere's everything that's actually new with Motorola's 2026 Razr lineup — it's not much 9to5GoogleMotorola reveals 2026 Razr lineup with modest upgrades and higher prices Ars Technica
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Live Updates: Iran renews threat to second vital shipping lane as Trump warns Tehran to "get smart soon" CBS NewsTrump threatens Iran with AI picture of himself with a gun: 'No more Mr. Nice guy!' CNBCTrump warns Iran better 'get smart soon' and accept nuclear deal France 24
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Americans are paying the highest prices for gasoline in nearly four years, leading to frustration at the pump and to worries about higher inflation and a weaker economy.
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Live Updates: Supreme Court Strikes Down Louisiana Map in Voting Rights Case The New York TimesWith supreme court ruling, Republicans able to marginalize Black political power The GuardianSupreme Court weakens a landmark Civil Rights-era law and aids GOP efforts to control the House AP NewsThomas leaves nothing left unsaid on racial gerrymandering decision: ‘go further' Fox News
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The listing gives public investors their first direct stake in Ackman's investment platform, which runs a concentrated portfolio of 10 large-cap names.
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Meta lifts capital expenditure forecast, doubling down on AI push Yahoo FinanceMeta's Reality Labs lost over $4 billion in first quarter CNBCMeta beats estimates but soaring AI spending rattles investors Yahoo! Finance CanadaMeta Raises Outlook for Capital Spending in 2026; Shares Slide Bloomberg.com
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Wenesday night is the main event for earnings season, with Alphabet, Amazon, Meta and Microsoft - four of the "Magnificent Seven" — set to report.
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OpenAI trial live updates: Musk clashes with Altman's lawyer in cross-examination CNBCOpenAI Trial Live Updates: Elon Musk's Testimony Continues in Legal Standoff With Sam Altman The New York TimesElon Musk gets combative on the stand during day two of jury trial against OpenAI NBC NewsIn court, Elon Musk accuses OpenAI of trying to ‘have your cake and eat it, too' NPR
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Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.
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In his second day on the stand in the trial he launched against OpenAI, Elon Musk said the AI start-up he'd helped found had strayed from its charitable mission.
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S&P 500 is little changed as oil rises, traders brace for Fed decision and Big Tech earnings: Live updates CNBC‘All-In Wednesday' to Test Stock Market Where ‘Everyone's Long' Bloomberg.comFed Meeting Live: Markets Await Powell's Last Interest-Rate Decision as Chair WSJStock Market Today: Dow falls over 300 points, S&P 500 edges lower, while Nasdaq wavers ahead of Fed decision and tech earnings MarketWatch
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Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that the Supreme Court later struck down.
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Chipotle shares have plummeted 35% over the last year.
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Beijing's insistence that Meta unwind its deal with a Chinese A.I. start-up escalates the geopolitical fight over advanced tech.
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Amazon Reports Biggest Cloud Sales Jump Since 2022 on AI Demand (AMZN) Bloomberg.comAmazon set to report first-quarter earnings after the bell CNBCAmazon Q1 2026 earnings beat as AWS growth hits 15-quarter high qz.comAmazon reports increased in profits and sales for 1Q Yahoo Finance
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Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in EVs.
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Correspondents dinner shooter case raises concerns about train security AP NewsVideo shows moment Secret Service officer fired at correspondents' dinner suspect The Washington PostInvestigators Offer More Details of Gunman of Gala Dinner Attack The New York TimesNew court filing details timeline and suspect's extensive arsenal in White House Correspondents' Dinner shooting CNN
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Pete Hegseth denies Iran war is a ‘quagmire' as cost to US hits estimated $25bn The GuardianThe Iran war now has a price tag ($25 billion), but still no end date NPRDon't call it a ‘quagmire': defense secretary refuses to speculate on length of Iran war Military TimesLive Updates: Hegseth
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Iran is running out of places to put its oil — and in just a few weeks, global crude supply could take another hit that few investors are prepared for.
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PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.
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Reform UK leader says money from Christopher Harborne was meant to make him ‘safe and secure'
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Nick Reiner Murder Case Proceedings Pushed To The Fall As Evidence, Parents' Autopsies Collection Continues DeadlineCase against murder suspect Nick Reiner moving forward slowly NBC NewsInside Nick Reiner's Murder Case: Everything That's Happened Since Rob Reiner and Michele Reiner's Deaths E! OnlineNick Reiner double murder case delayed as prosecutors await autopsies KTLA
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US stocks fall as oil prices keep spurting higher AP NewsStock Market Today: Dow off 325 points, S&P 500 and Nasdaq lower after Fed holds rates steady; oil and bond yields up as tech earnings loom MarketWatchStock market today: Dow, S&P 500, Nasdaq drop as chip stocks sink on OpenAI report, oil rises Yahoo Finance
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Fed Meeting Live Updates: Warsh Nomination for Fed Chair Advances Ahead of Powell's Presser The New York TimesFed meeting live updates: Potential drama ahead if Powell hints he will hang around CNBCPowell poised to keep rates unchanged in what could be his last meeting; Warsh advances KATUThe F
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D4vd, Nick Reiner return to court in high-profile Los Angeles murder cases ABC7 Los AngelesEmotionless Nick Reiner flashes icy stare in court for parents' double murder days after brother Jake breaks silence Page SixInside Nick Reiner's Murder Case: Everything That's Happened Since Rob Reiner and Michele Reiner's Deaths E! News
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It's moments like these that can add a bit of gray to your hair.
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Johnson puts down GOP revolt that left House agenda in limbo AxiosJohnson quells House GOP revolt to advance controversial surveillance bill The Washington PostSpeaker Johnson one step closer to renewing controversial spy program after conservatives fall in line Fox NewsHouse Republicans delay farm bill vote after internal revolt Politico
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The initial public offering of Mr. Ackman's new fund, Pershing Square USA, raised $5 billion.
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The Federal Reserve voted to hold interest rates steady, at what's likely Jerome Powell's last meeting as Fed chair. Kevin Warsh looks set to replace Powell next month.
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Iran war is fueling inflation and slowing growth around the world, according to a new report.
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Court sentences former world leader to 7 years in prison for resisting arrest, other charges Fox NewsProsecutors seek 30-year prison term for South Korea's Yoon for drone flights over Pyongyang AP NewsS. Korea: Appeals court increases ex-President Yoon's sentence to 7 yrs in obstruction of justice case Qazinform
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The process could take a while.
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This year is shaping up to be a milestone moment for state income taxes after last year's massive changes to federal income taxes.
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President Donald Trump's "reciprocal" tariffs were deemed unconstitutional by the Supreme Court, but some sector-specific tariffs remain in place.
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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