This week: The UAE quits OPEC after nearly 60 years, and we explain what OPEC is and why it matters for gas prices. Consumer confidence hits its lowest level since 1978, even as stocks sit near all-time highs. The Federal Reserve holds rates steady in its most divided vote in over 30 years. And the world's most valuable AI company misses its own growth targets, which tells us something important about how new industries work.
Sources:
- NPR — UAE leaves OPEC: https://www.npr.org/2026/04/28/nx-s1-5802735/uae-leaves-opec-oil
- CNN — UAE/OPEC live updates + energy minister: https://www.cnn.com/2026/04/28/world/live-news/iran-war-trump-israel
- CNBC — Oil prices / market data: https://www.cnbc.com/2026/04/28/openai-reportedly-missed-revenue-targets-shares-of-oracle-and-these-chip-stocks-are-falling.html
- AAA — National gas prices: https://gasprices.aaa.com/
- CNBC — Consumer sentiment / inflation expectations: https://www.cnbc.com/2026/04/10/consumer-sentiment-inflation-fears-iran-war.html
- WSJ / Yahoo Finance — OpenAI missed targets: https://finance.yahoo.com/markets/stocks/articles/openai-misses-revenue-user-growth-144605121.html
- Federal Reserve — FOMC calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
- CNBC — Fed decision / 8-4 split / Powell presser: https://www.cnbc.com/2026/04/29/fed-interest-rate-decision-april-2026.htm
- NBC News — Powell staying on as governor: https://www.nbcnews.com/business/economy/powell-fed-meeting-interest-rates-rcna342520
- CNBC — OpenAI $122B funding round close: https://www.cnbc.com/2026/03/31/openai-funding-round-ipo.html
What is The Wealth Recap?
Your week in markets and money. The Wealth Recap covers major financial stories of the week and explores what they may mean for everyday financial life. From gas prices and job reports to market performance and interest rates, each episode is designed to help listeners build financial awareness and understanding. AI-assisted in drafting, with all content reviewed for accuracy and compliance by Buckley Wealth, an SEC-registered investment adviser. This podcast is for educational and informational purposes only and does not constitute personalized financial advice. Listeners should consult their own financial advisor before making investment decisions. New episodes every Wednesday. For more information, visit buckleywealth.com.