President Donald Trump had accused Powell of improper cost overruns in renovating the Fed's building.
Airlines are putting up prices and cancelling flights in response to higher jet fuel prices.
Changes in the FTSE 100 and other indexes are not just for financial experts, they can affect our lives.
It is unusual for a senior figure at the Bank to be so forthright on market movements.
The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023.
A memo from Michael Kratsios says firms, mainly in China, are wrongfully distilling US AI models.
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