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Warsh Says Fed ‘Must Stay in Its Lane’
Bloomberg's Mike McKee detailed changes to the Federal Reserve that fed chair nominee Kevin Warsh revealed in his confirmation hearing Tuesday, saying that Warsh may want to change or eliminate economic guidance. Warsh told Senators that he is not a fan of the Fed's forward guidance and feels that it sticks to it too closely. Warsh also indicated that he would aim to hem in federal reserve members speaking out ahead of rate decisions. (Source: Bloomberg)
Top Oil Traders Say Billion-Barrel Shock to Echo Long After War
The impact of the Iran war will continue for months even after any deal to restore shipping through the Strait of Hormuz, the world’s largest oil traders have warned. Some said flows through the waterway may never return to normal.
Higher fares could slam flight passengers to popular region as airlines shift costs: 'Not a fan'
Travelers flying to, from and within Europe could soon see major changes to baggage fees, as lawmakers consider requiring airlines to include carry-on bags in ticket prices. The controversial move could potentially drive up costs for travelers going forward.The European Parliament has proposed rules that would guarantee passengers one free personal item and one standard carry-on bag — a move that could significantly impact how airlines price flights, travel blog "View from the Wing" reported.FIN...
Here's how Amazon is investing in Illinois - About Amazon
Here's how Amazon is investing in Illinois About Amazon
New ATM rules regarding free transactions and charges announced
BusinessNew ATM rules regarding free transactions and charges announcedBy Web Desk-Apr 21, 2026NEW DELHI: India unveiled new rules for bank customers using ATM machines for transactions across the country. The central bank of India has outlined updated limits on free usage, cash handling, and additional banking charges. Free transactions and charges for Metro Cities Under the revised guidelines, customers in metro cities will be entitled to three free ATM transactions per month. These include bo...
حداقل دستمزد کارگران ۶۰ درصد افزایش یافت اما قدرت خریدشان به دلار ۱۷ درصد کم شد
شورای عالی کار حداقل دستمزد روزانه کارگران در سال جاری را ۵۵۴ هزار تومان و حداقل دستمزد ماهانه را ۱۶ میلیون و ۲۵۵ هزار تومان اعلام کرد. هرچند این رقمها نسبت به سال گذشته ۶۰ درصد افزایش نشان میدهد، اما قدرت خرید کارگران به دلار در قیاس با سال گذشته حدود ۱۷ درصد کاهش یافته است.
Warsh Pledges Independence But Dodges Questions on Rates
Kevin Warsh repeatedly pledged to act independently if he’s confirmed as the next Federal Reserve chair, rejecting Democratic concerns he would be a “sock puppet” for President Donald Trump, who continues to demand lower interest rates. (Source: Bloomberg)
India must pursue energy independence; fuel price cushion won't last: Gita Gopinath
India must pursue energy independence fuel price cushion wont last Gita Gopinath
Deutsche Telekom Weighs Full Combination With T-Mobile
Deutsche Telekom AG is considering a full combination with its American arm T-Mobile US Inc., a move that would create a multinational telecom group and rank as the largest-ever public M&A deal, people with knowledge of the matter said.
Early takeaways from Kevin Warsh's Fed chair confirmation hearing
Kevin Warsh, President Trump's nomination for chair of the Federal Reserve, told senators Tuesday that the central bank would remain "strictly independent." CBS News' Taurean Small reports on the hearing.
Kevin Warsh, Trump’s pick for Fed chief, calls for ‘regime change’ at US central bank
Federal Reserve chief nominee Kevin Warsh called for “regime change” at the US central bank, including a new approach for controlling inflation and a communications overhaul that may discourage his colleagues from saying too much about the direction of monetary policy. Warsh’s comments during his confirmation hearing before the Senate Banking Committee left key questions about his nomination unresolved. Republican Senator Thom Tillis used his full time to explain why he would not vote for the....
Airlines demand UK relax noise rules and cut flight tax as fuel shortage looms
Ministers also asked to alter compensation rights and suspend emissions trading scheme amid Middle East warAirlines are lobbying the UK government to relax environmental and noise rules, modify passenger rights and cut taxes on flying, as they prepare for higher costs and a possible shortage of jet fuel because of the war in the Middle East.A list of policy requests submitted to ministers and the aviation regulator includes suspending the emissions trading scheme and relaxing limits on night fli...
How fast can debt relief stop collections after you enroll?
MoneyWatch: Managing Your Money How fast can debt relief stop collections after you enroll? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes an...
Oil prices climb 3% after Trump says he does not want to extend Iran ceasefire
BusinessOil prices climb 3% after Trump says he does not want to extend Iran ceasefireBy Reuters -Apr 21, 2026NEW YORK: Oil prices climbed about 3% on Tuesday after U.S. President Donald Trump said he did not want to extend a soon-to-expire ceasefire in the Iran war and that the U.S. military was “raring to go” if negotiations do not succeed. Brent futures rose $2.48, or 2.6%, to $97.96 a barrel at 11:58 a.m. EDT (1558 GMT), while U.S. West Texas Intermediate (WTI) crude delivery rose $3.54, o...
Exchange Office Launches Structural Overhaul to Boost Efficiency, Transparency
Agadir – Morocco’s Exchange Office has launched a new structural transformation of its institution as part of its 2025–2029 strategy and in line with rapid changes in the operational environment, aiming to modernize methods of conducting regulatory decisions and supervisory missions. “In line with its 2025-2029 strategy and in response to a rapidly evolving environment, the Office des Changes is undertaking a major transformation of its organization, reflecting an evolution in the way it d...
Major UK haulage firm in business for decades plunges into administration
Martyn Barratt Transport Limited, a haulage company based in Nottingham, entered administration on 13 April 2026, according to the London Gazette, just days after another UK transport firm appointed administrators
Gita Gopinath decodes Iran war's impact on India and global economy
Gita Gopinath decodes Iran wars impact on India and global economy
Azerbaijan ready to supply LNG to Pakistan
Azerbaijan's state energy company SOCAR is ready to supply liquefied natural gas to Pakistan as soon ?as it receives a request from Islamabad, the company told Reuters on Tuesday, as Pakistan seeks spot cargoes to ease a growing energy shortfall. SOCAR said a framework agreement signed in 2025 between SOCAR Trading and Pakistan LNG allows the Pakistani buyer to purchase LNG cargoes directly under an accelerated procedure. "SOCAR is ready to provide LNG to Pakistan as soon as PLL submi...
State Bank receives $1b Saudi tranche
The State Bank of Pakistan (SBP) said on Tuesday that the country has received $1 billion from the Ministry of Finance of Saudi Arabia, marking the second tranche of a $3 billion deposit agreement with the Kingdom, in a post on X. In the statement, the central bank said the funds were received "with a value date of 20 April 2026" as part of the financing arrangement recently agreed between the two countries. "This is the second tranche of the $3 billion deposit recently agreed b...
Worker satisfaction with pay, advancement at new low: Fed survey
Job satisfaction has shrunk to a new low in the U.S., according to a recent report released by the New York Federal Reserve on Tuesday.  Workers reported the lowest likelihood of moving to a new employer in five years, falling to 9.7 percent. Reported satisfaction with job pay, benefits and promotion opportunities also decreased in…