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Justice Clarence Thomas, right, administers the oath during the swearing in of Kevin Warsh as Chairman of the Federal Reserve, left, as Warsh's wife Jane Lauder looks on, in the East Room of the White House, Friday, May 22, 2026, in Washington. (AP Photo/Alex Brandon)

Warsh is sworn in as the Fed chair after Trump’s bid for greater control over the independent bank

President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair. Trump said Friday that he’d like Kevin Warsh’s help in stimulating the economy even as the president tried to emphasize that the nation’s central bank would remain independent.

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From left to right, European Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis, European Central Bank President Christine Lagarde, President of the Eurogroup Kyriakos Pierrakakis, Managing Director and the European Stability Mechanism Pierre Gramegna talk to the media during the Eurogroup finance ministers meeting in capital Nicosia, Cyprus, Friday, May 22, 2026. (AP Photo/Petros Karadjias)

Oil and gas prices to remain high in Europe at least until the end of 2027, officials say

President Donald Trump, left, and Secretary of Homeland Security Markwayne Mullin, right, saluting at the start of the commencement ceremony at the U.S. Coast Guard Academy in New London, Conn., Wednesday, May 20, 2026. (AP Photo/Jessica Hill)

Travel industry worries after Trump administration reiterates threat to sanctuary city airports

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A person stands in front of an electronic stock board showing Japan's Nikkei index, seen through the glass wall of an office building in Tokyo, May 7, 2026. (AP Photo/Eugene Hoshiko, File)

Global shares gain and oil prices fall after Trump says talks on ending the war are proceeding

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SpaceX's mega rocket Starship is prepared for a test flight that was later delayed, in Starbase, Texas, Thursday, May 21, 2026. (AP Photo/Eric Gay)

SpaceX tries to launch a bigger version of Starship but hits a series of last-minute problems

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BUSINESS VIDEOS

Introducing Money Happens: A new AP audio series

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Semafor World Economy takes place in Washington

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What to know about the March consumer inflation index

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Financial Markets

Trader Robert Arciero works on the floor of the New York Stock Exchange, Friday, May 22, 2026. (AP Photo/Richard Drew)

America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways

Financial Wellness

Treasury Secretary Scott Bessent attends a meeting with members of the Association of Mature American Citizens (AMAC), about financial literacy, Wednesday, April 29, 2026, at the Treasury Department, in Washington. (AP Photo/Jacquelyn Martin)

Bessent wants Americans to avoid easy-money traps and invest in financial literacy

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Economy

The South Korean-operated vessel HMM NAMU is docked after being damaged from a fire following an explosion in the Strait of Hormuz, at a port in Dubai, United Arab Emirates, Friday, May 8, 2026. (Kim Sang-hun/Yonhap via AP)

UN lowers forecast for global economic growth in 2026 over Mideast energy crisis

Tech

Pope Leo XIV, talks to Anthropic co-founder Christopher Olah, right, and theologian Anna Rowlands, left, during the presentation of his first encyclical, "Magnifica humanitas: On Safeguarding the Human Person in the Time of Artificial Intelligence," at the Vatican, Monday, May 25, 2026. (AP Photo/Alessandra Tarantino)

Excerpts from Pope Leo XIV’s sweeping manifesto about humanity in the AI era

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Supply trucks are parked inside the Kabul Customs yard in Kabul, Afghanistan, Sunday, May 17, 2026. (AP Photo/Siddiqullah Alizai)

Strait of Hormuz closure chokes trade and aid for Afghanistan

30 mins ago

Red Cross volunteers help an injured woman in a shelter after a Russian strike on a residential neighborhood in Kyiv, Ukraine, on Sunday, May 24, 2026. (AP Photo/Evgeniy Maloletka)

Leaders keep a wary eye on Belarus after Russia’s biggest missile attack of the year on Ukraine

40 mins ago

Women hold portraits of Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, during a ceremony honoring the armed forces and those killed in the war with Israel and the U.S. at the Imam Khomeini Grand Mosque in Tehran, Iran, Sunday, May 24, 2026. (AP Photo/Vahid Salemi)

What we know and don’t know about the emerging deal to end the Iran war

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United States Secretary of State Marco Rubio speaks to the journalists before boarding his plane at Indira Gandhi International Airport in New Delhi, India, Monday, May 25, 2026. (AP Photo/Julia Demaree Nikhinson, Pool)

Rubio’s visit to India focuses on US trade tensions, the Quad alliance and sightseeing

Miner Atta al-Khazin, right, shows a gold nugget produced by artisanal miners after processing ore at a mining site in Dalago Mahas, Sudan's Northern State, Friday, May 8, 2026.(AP Photo/Mohnd Blal)

In Sudan’s war economy, gold keeps flowing as miners risk mercury and collapse

Puppets are displayed at Jim Henson's Creature Shop in New York, Wednesday, May 13, 2026. (AP Photo/Seth Wenig)

Jim Henson’s Creature Shop opens for tours. Here’s what’s inside the once-hidden puppet studio

People take part during a protest in Madrid, Spain, on Sunday, May 24, 2026, against rising housing costs that are pricing many Spaniards out of the market amid a broader housing crisis in Spain. (AP Photo/Manu Fernandez)

Thousands rally in Spain’s capital against increasing housing costs

Police officers at a checkpoint stop cars at the entrance to the Liushenyu coal mine facility in Qinyuan county in Changzhi, northern China's Shanxi province on Sunday, May 24, 2026. (AP Photo/E. Eduardo Castillo)

Authorities investigate safety lapses after China coal mine blast kills at least 82

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Sam Altman, center, and OpenAI president Greg Brockman, right, arrive at the U.S. District Court in Oakland, Calif., Thursday, April 30, 2026. (AP Photo/Godofredo A. Vásquez)

Could anything but profit steer AI? The OpenAI trial offered clues but no verdict

Firefighters respond to an explosion at a shipyard in Staten Island on Friday, May 22, 2026 in New York. (Staten Island Advance via AP)

Investigators looking for cause of fatal New York explosion that also wounded over 30 firefighters

FILE -In this Dec. 3, 2018 photo, garment factory workers ride a truck as they go home after a day's work at outside Phnom Penh, Cambodia. (AP Photo/Heng Sinith, File)

Two traffic accidents in Cambodia kill 14 garment factory workers and injure 79 others

Farmers collect fragments of a Russian missile that hit an agricultural field near the front line in the Kharkiv region, Ukraine, Friday, May 22, 2026. (AP Photo/Andrii Marienko)

Ukrainian drone attack triggers fire at a Russian oil terminal

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This undated photo provided by Scott Remer shows Remer, who is the country's only full-time, professional coach for elite spellers. (Scott Remer via AP)

Scott Remer, the only full-time spelling bee coach, charges $180 an hour. Champs say he’s worth it

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A health official uses a thermometer to screen people in front of Kibuli Muslim Hospital in Kampala, Uganda, Saturday, May 16, 2026. (AP Photo/ Hajarah Nalwadda)

Ugandans rue link to Bundibugyo, the Ebola virus type named after a district of cocoa farmers

In this photo released by Xinhua News Agency, medical staff attend to an injured worker at a hospital in the aftermath of an explosion at Changzhi city's Liushenyu coal mine in Qinyuan county, northern China's Shanxi Province on Saturday, May 23, 2026. (Cao Yang/Xinhua via AP)

Deadliest coal mine explosion in China in years kills at least 82 people, local officials say

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SpaceX's mega rocket Starship makes a test flight from Starbase, Texas, Friday, May 22, 2026. (AP Photo/Eric Gay)

SpaceX launches its biggest, most beefed-up Starship yet on a test flight

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Atlantic Coast Conference commissioner Jim Phillips smiles during an NCAA college football news conference at the ACC media days, July 22, 2024, in Charlotte, N.C. (AP Photo/Matt Kelley, File)

Tax filings: ACC paid average of $47.1M to full-share member schools, Big 12 paid average of $39.5M

Containers of Roundup are displayed on a store shelf on Feb. 24, 2019, in San Francisco. (AP Photo/Haven Daley, File)

Legal fight could delay a proposed $7B settlement for lawsuits in Roundup cancer claims

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Disposable flavored electronic cigarette devices are displayed for sale at a store in Pinecrest, Fla., June 26, 2023. (AP Photo/Rebecca Blackwell, File)

FDA staff blindsided by move allowing more e-cigarettes and nicotine pouches onto US market

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Scott McLaughlin (3) and Helio Castroneves, of Brazil, head into the first turn during practice for the Indianapolis 500 auto race at the Indianapolis Motor Speedway in Indianapolis, Monday, May 18, 2026. (AP Photo/Michael Conroy)

IndyCar agrees to multiyear extension with NTT to remain as series’ title sponsor

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