×

Business

Powell plans to stay at Fed after his term as chair ends

WASHINGTON (AP) — Jerome Powell said he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for an undetermined period of time," citing the "unprecedented" legal attacks against the central bank by the Trump administration. "I worry these attacks are ...

U-M: Consumer confidence survey drops to 2022 lows

Consumer sentiment dropped for the second month in a row, according to the University of Michigan Surveys of Consumers, with respondents citing concerns about the Iran War, resulting in high gas prices and poor buying conditions. “The Iran conflict appears to be passing through to consumer ...

GM expects a $500 million tariff refund

NEW YORK (AP) — General Motors is expecting a $500 million tariff refund after the Supreme Court struck down some of President Donald Trump's most sweeping levies. That's boosted the Detroit auto maker's outlook for 2026. On Tuesday, GM said it's now looking to rake in $13.5 billion to ...

United Arab Emirates says it will leave OPEC

DUBAI, United Arab Emirates (AP) — The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices. The UAE's decision had been rumored as a possibility ...