The Federal Reserve Bank of New York has appointed Citigroup chief executive Jane Fraser to the Federal Advisory Council for a one-year term starting in January, representing her district in advising the Fed on economic and banking issues. Separately, Ms. Fraser highlighted growing geopolitical uncertainty, noting that shifting government policies and global tensions, particularly in…

General Motors is extending downtime at a Detroit electric vehicle plant – which produces vehicles including the Chevrolet Silverado EV and Hummer EV – until April 13. The downtime began on March 16. “Factory ZERO will temporarily ?adjust production to align EV production with ?market demand,” a GM spokesperson said. The temporary ?layoff affects 1,300…

The Federal Trade Commission (FTC) has issued warnings to Mastercard, Visa, PayPal, and Stripe against denying customers access to financial services based on political or religious views, citing a recent executive order from President Trump targeting so-called “debanking.” FTC Chair Andrew Ferguson said that removing customers or restricting access in ways inconsistent with company policies…

British Airways is offering its pilots a financial incentive to reduce their aircraft’s fuel consumption. Pilots would be required to cut their jets’ carbon dioxide emissions by 60,000 tons above 2025 levels to achieve a bonus that could equal 1% of their basic salary, according to a document seen by Bloomberg. The proposal is to…

U.S. corporate finance chiefs reported a solid and improving economic outlook heading into 2026, with expectations of steady growth in demand, hiring, and revenues, according to a Federal Reserve survey conducted between mid-February and early March, largely before the escalation of the Iran conflict. Respondents forecast median revenue growth of 5% over the next 12…

Amazon-owned Zoox is preparing to launch a paid robotaxi service in the U.S. by the middle of the year, in Austin and Miami, as it seeks to catch up with rivals Waymo and Tesla in the fast-developing autonomous vehicle market. The company has already rolled out free rides and built the infrastructure to begin charging…