Supreme Court Justice Clarence Thomas administered the oath of office to new Federal Reserve Chair Kevin Warsh at the central bank's headquarters. Warsh, a former Fed governor, interned on Thomas's 1991 confirmation.

Stellantis to focus U.S. investments on Jeep, Ram; plans more cars under $40,000

Stellantis says it will direct most of its U.S. market investments into Jeep and Ram while introducing more vehicles priced under $40,000.

Indian retailers raise fuel prices for third time as Iran war pressures supply chain.

Indian retailers raise fuel prices for a third time, citing the Iran war.

ECB's Stournaras says preserving credibility argues for rate increase next month

European Central Bank Governing Council member Yannis Stournaras said that preserving the ECB's credibility is a strong argument in favor of an interest-rate increase next month.

Bank Indonesia to lower forex purchase threshold to $25,000 from June 2026 to curb speculation and support rupiah stability.

Bank Indonesia will reduce the threshold for foreign exchange purchases without supporting documents from $50,000 to $25,000 per transaction starting June 2026, to curb speculative activity and ease pressure on the rupiah.