Kevin Warsh Fed chair confirmation plan hits snag as nomination hearing is delayed
President Trump's nomination of Kevin Warsh as Federal Reserve chair already faced a hurdle by Sen. Thom Tillis over a probe of current chair Jerome Powell.

President Trump's nomination of Kevin Warsh as Federal Reserve chair already faced a hurdle by Sen. Thom Tillis over a probe of current chair Jerome Powell.
After releasing its first major AI model in a year called Muse Spark, Meta now has to figure out how to turn it into a business.
The damage to Saudi infrastructure will only compound the disruption to global oil supplies trigged by Iran's attacks on tankers in the Strait of Hormuz.
China faces possible inflationary spillovers, though its massive strategic stockpiling onshore and diversified sources of energy provided some cushion.
Iran has effectively closed the Strait of Hormuz in the war with the U.S. and Israel, creating an oil supply crunch and sending global energy prices soaring.
U.S. President Donald Trump on Thursday warned Iran to "stop now" if it was charging tankers to transit the Strait of Hormuz.
Startup Shengshu plans to use the money for a "general world model," paving the way for more practical robot applications.
The first lady acknowledged writing an email to Jeffrey Epstein's accomplice, Ghislaine Maxwell, in 2002, referencing a New York magazine profile about him.
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.
An unusually powerful El Niño weather event could take shape later this year, exacerbating global food security fears.
President Donald Trump said that Iran "better stop now" if it's charging fees to oil tankers passing through the Strait of Hormuz.
Shares of Fast Retailing surged over 9% to a record high on Friday after the Japanese parent of Uniqlo lifted its full-year outlook.
OpenAI sent a memo to investors blasting chief rival Anthropic for "operating on a meaningfully smaller curve."
Jim Cramer marveled at the divergent fates of technology stocks — from hardware winners like Intel to software losers like Salesforce and Adobe.
BYD announced Wednesday a partnership with KFC China to develop a network of "nine-minute" drive-thrus across the mainland.
Despite the risks, many analysts at major banks remain bullish on Salesforce.
Sultan Ahmed Al Jaber demanded a full reopening of the strait, warning that the oil supply disruption will increase if Iran maintains control of the passage.
The proposed timetable for automatic military draft registration came weeks after the U.S. and Israel launched a war against Iran.
Disney is planning a new phase of cost cutting, including as many as 1,000 layoffs, under new CEO Josh D'Amaro, according to a person familiar with the matter.
The USPS is facing a severe financial crisis and could run out of money early in 2027. The agency has proposed hiking stamp prices along with other measures.
The new ChatGPT plan expands access to OpenAI's AI-powered coding assistant Codex.
American Airlines is joining Delta, United, Southwest and JetBlue in raising its checked bag fees as the industry deals with high jet fuel prices.
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
The Department of Justice is raising concerns about the NFL's offerings across various platforms and affordability of consumers.