Oil prices have dropped, days after OPEC+ agreed to accelerate production for a second straight month.
Why it matters: President Trump's tariffs have added downward pressure on prices and raised concerns they could further lower prices, per Axios' Ben Geman.
President Trump said Sunday he would not fire Federal Reserve chair Jerome Powell before the central bank leader's term ends over the next year.
Why it matters: An earlier suggestion that Trump would attempt to remove Powell — a legally dubious move — roiled financial markets, fallout that might have prompted the walkback.
President Trump said Sunday he would need to keep at least some tariffs on foreign goods in place to convince businesses to move production to the U.S.
Why it matters: It suggests that the historic levies on nearly all goods coming into America would remain in some form — even as the White House says it intends to strike trade deals with a slew of nations, including China.
The White House is deploying its platforms and personnel in ways that often feel more like how a modern media company would operate than a national government.
Why it matters: Through flashy stunts, meme-heavy social media postings and camera-friendly Cabinet secretaries, Trump 2.0 has been built to win attention and fire up the MAGA base.
Live Nationreported Thursday that 74% of its overall Q1 earnings came from concert revenue — and it's expecting the feverish ticket sales to run through summer.
Why it matters: Despite recession fears and anxiety over tariffs, Americans aren't skimping on live music.
Brace yourself if you're flying in the coming days and weeks for long lines and delays at the airport.
Why it matters: Wednesday, May 7 is the first day a Real ID compliant license — or another acceptable document — is needed to board a commercial aircraft in the U.S.
Warren Buffett said Saturday he will ask Berkshire Hathaway's board to replace him as CEO with his designated successor Greg Abel at the end of this year.
Why it matters: It's the end of an era for one of the world's richest and most storied investors, who's run Berkshire for decades.
The big picture: Low- and middle-income consumers are increasingly shying away from fast-food restaurants like McDonald's, a sign that people are pinching pennies amid recession fears.
The United States would be better off, and safer, with a prosperous free-trade world than one where others are left behind, investor Warren Buffett said Saturday.
Why it matters: Buffett, one of the world's richest people and most closely watched investors, has been a skeptic of trade deficits in the past but also a clear critic of President Trump's tariffs and other trade barriers.
