Powell's tenure as Fed chair marked by fight for independence

WASHINGTON (AP) – When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs.

US Retail sales growth slowed in April from March wth higher gas cost

NEW YORK (AP) – Shoppers tempered their spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. But they’re still buying, thanks to more generous government tax refunds.

As Trump targets offshore wind, a look at the global industry

President Donald Trump is stopping offshore wind projects in the United States, just as the industry was poised to grow significantly. Offshore wind energy has the potential to deliver large amounts of clean energy along U.S. coastlines. Three offshore wind farms are open in the United States and three more have begun delivering power.

Honda records its first-ever annual loss on costly EV strategy

TOKYO (AP) – Honda racked up a 423.9 billion yen ($2.7 billion) loss Thursday, the first-ever full year loss for the Japanese automaker, acknowledging heavy costs for its electric-vehicle plans, stemming from President Donald Trump’s pro-U.S. policies.

Editorials from The Washington Post, The New York Times, Wall Street Journal and others

Excerpts from recent editorials in the United States and abroad:

Japan's SoftBank racks up huge profit gains from lucrative AI investments

TOKYO (AP) – Japanese technology investor Softbank Group Corp. reported Wednesday that profits for the fiscal year through March zoomed by nearly five-fold from the previous year as its AI investments paid off.

US jobless benefits hits 211,000, clouding economic forecast

WASHINGTON (AP) – The number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the war in Iran.

Africa secures major clean energy deals as France deepens investment

NAIROBI, Kenya (AP) – French and African leaders have announced more than $11 billion in renewable energy investments across Africa, underscoring the continent’s growing importance in the global push for cleaner energy and industrial development.

China's Alibaba reports 38% jump in AI and cloud revenue

HONG KONG (AP) – China’s Alibaba said that growth accelerated for both its artificial intelligence and cloud businesses in the latest quarter, driven by the AI boom, even though overall revenue rose just 3% to 243 billion yuan ($36 billion). Revenue from its Cloud Intelligence Group, which focuses on cloud computing and AI developments, jumped 38%.