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 in an interview aired Sunday on NBC's "Meet the Press" with Kristen Welker that he'd give TikTok relief if a deal isn't struck during the already extended timeframe.
The big picture: Trump, who attempted to ban TikTok during his first term due to national security concerns, has pushed to keep the app alive in the U.S. despite bipartisan concerns about national security risks due to the app's ties to China.
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.
President Trump said Sunday he was responsible for the "good parts" of the economy, though his administration's trade policies have rattled America and stoked fears of an imminent recession.
Why it matters: It is the strongest signal yet of Trump's intention to deflect blame for any economic fallout that could happen in coming months.
President Trump on Sunday mostly ruled out taking military action to unify Canada and the United States — but he didn't rule it out entirely, and reiterated that he believes Canada should become the 51st state.
Why it matters: It would have been unthinkable, for more than a century of North American history — until six months ago — for a president to even allow the slightest hint of using any force with the U.S.'s northern neighbor and staunch ally.
President Trump threw cold water on the notion of seeking a third term in 2028 — an idea that has gained currency in some MAGA circles despite being unconstitutional.
"This is not something I'm looking to do. I'm looking to have four great years and turn it over to somebody, ideally a great Republican, a great Republican to carry it forward," Trump told NBC News' Kristen Welker in a "Meet the Press" interview airing Sunday morning.
The Trump administration is tapping multiple agencies for a whole-of-government campaign to achieve its goal of deporting millions.
Why it matters: Controversial tactics — ensnaring even legal U.S. residents and citizens — have raised alarm and triggered court battles over executive power.
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.
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.
The White House's budget proposes enormous cuts to federal spending — some of which, if enacted, would put millions of the poorest Americans in a bad spot.
Why it matters: The proposal is just a starting point, but it's a dark one, say advocates for the disadvantaged.
President Trump says a recession is OK in the short term, in a clip of a pre-recorded interview with NBC's "Meet the Press with Kristen Welker" released on Friday.
Why it matters: Business owners and politicians alike have shared fears of a recession given the uncertainty surrounding the president's tariffs.
