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Trump nominates Kevin Warsh as next Fed chair: What to know

As President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh is stepping back into the spotlight – and in the hot seat – as he faces lawmakers Tuesday in a high-stakes confirmation hearing that could shape the future of U.S. monetary policy.  Trump announced Warsh to succeed Jerome…

Airlines hike fares and bag fees as jet fuel prices surge amid Iran war

Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased volatility since the Iran war began and the flow of oil through the Strait of Hormuz has been severely constrained by the threat of Iranian attacks, impacting the availability of a key input in making jet fuel.Data from the International Air Transport Association (IATA) Jet…

Finance news

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Business

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Warren, Lee raise antitrust concerns over possible United-American merger

A bipartisan pair of senators sent a letter to the CEOs of United Airlines and American Airlines expressing concerns about the possibility of a proposed merger between the two air carriers and requested more information about the impact of a possible deal. The letter was sent by Sens. Elizabeth Warren,…

Markets

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Investing

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