The Senate Banking Committee advanced Kevin Warsh’s nomination as Fed chair on Wednesday, teeing up the full chamber to hold a vote soon.

The chief executive, Scott Kirby, said that buying a smaller airline might not be worth the effort.

The Federal Communications Commission is clashing again with the media giant. It’s another warning about the costs of angering President Trump.

Fidelity cited the Justice Department’s recent lawsuit against the civil rights organization in emails to holders of its charitable-giving funds explaining its decision.

The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.

The U.S. central bank is widely expected to hold interest rates steady at what is scheduled to be Jerome H. Powell’s final meeting as chair.

A federal judge has ordered the Justice Department to explain whether it intends to contest President Trump’s $10 billion lawsuit against the I.R.S. over the disclosure of his tax returns.

The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.