Economy & Policy

Federal Reserve governor Michael Barr said Thursday that Kevin Warsh is “well qualified” but will inherit significant challenges if he becomes Fed chair.

“The impact has been mostly positive,” Kalshi CEO Tarek Mansour said of lawsuits challenging the firm’s prediction contracts.

Technical indicators say higher interest rates are coming later this year.

Inflation remains well above the Federal Reserve’s 2% annual target. Several Fed governors, speaking recently, outlined differing policy considerations.

The S&P 500 remains nearly 5% lower on the month and looks fragile.

The Democratic senator from Massachusetts estimates the additional taxes would raise $6.2 billion.

Oil prices remain above $100, Senate agrees to end Homeland Security shutdown, Netflix raises prices again, and more news to start your day.

U.S. manufacturing activity continued to improve in March, but higher oil prices and weaker demand could threaten the rebound.

Oil prices have surged since the conflict with Iran began, gasoline has jumped, and markets sold off sharply after the Fed’s March decision to keep rates steady.

Bargain stocks are in areas of U.S.-Japan synergy. Industrial conglomerate Hitachi has a joint venture with General Electric, for instance.

Stand With Crypto, backed by Coinbase Global, is stepping up its political push as lawmakers debate rules for the crypto industry.

There’s plenty of pent-up demand while an increase in home inventory could lead to lower prices, a Benchmark analyst says.

Major cryptocurrency prices fell after Tehran rejected a U.S. proposal to end fighting in the Middle East, prompting market uncertainty.

The complaint alleges Super Micro Computer failed to disclose sales of servers to Chinese companies in violation of export-control laws.

Hopes of an end to fighting in Iran have faded, weighing on gold and silver prices.

The trading bloc has shelved talks twice already this year due to Trump’s Greenland threats and the Supreme Court decision.

The war in Iran poses a key threat to aluminum supplies outside of China, says ANZ Research.

Warsh, in line to be the next chair of the Federal Reserve, wants to trim the central bank’s balance sheet. Past efforts to do so haven’t gone well.

Meta, YouTube ordered to pay damages, Microsoft stock off to worst three-month start to a year, Iran war puts spotlight on Taiwan risks, and more news to start your day.

It had been thought Iran would be unlikely to close the Strait of Hormuz. How events are shaping China’s designs on Taiwan.

A state court jury in Los Angeles awarded $3 million to a woman who said addictive design in social media apps caused her mental health to spiral downwards as a child.

GasBuddy’s live price-tracker says the average gas price nationwide is $3.983 a gallon. That’s $1.01 higher than last month as fuel prices continue to climb.

Prices spikes could actually encourage customers to wean themselves off liquified natural gas over the long run.

Morgan Stanley analysts resumed coverage with an Overweight rating and a $385 price target on the stock.

Defense stocks are mostly lower since the conflict began.