Joe Biden
Biden to invoke Defense Production Act for electric vehicle battery materials
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, during remarks in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 31, […]
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Why Biden’s billionaire minimum income tax may be a tough sell
Josh Gottheimer, D-N.J., talks to reporters in Washington, Nov. 4, 2021. Elizabeth Frantz | Reuters President Joe Biden has proposed a new tax on the ultra-wealthy as part of his 2023 federal budget, aiming to reduce the deficit by about $360 billion. Some experts say it’s unlikely to gain traction in Congress. The “billionaire minimum income tax” calls […]
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U.S. sanctions global network of firms helping the Russian military evade export controls
Armored vehicles of pro-Russian troops drive along a road in the course of Ukraine-Russia conflict near Dokuchaievsk in the Donetsk region, Ukraine March 25, 2022. Alexander Ermochenko | Reuters WASHINGTON — The Treasury Department on Thursday announced sanctions on a global network of individuals and shell companies it says are helping the Russian military to […]
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U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices
U.S. President Joe Biden announces new actions against Russia for its war in Ukraine, during remarks in the Roosevelt Room at the White House in Washington, U.S., March 8, 2022. Kevin Lemarque | Reuters The U.S. will release 1 million barrels of oil per day from its strategic reserves to help cut gas prices and […]
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Amazon hired an influential Democratic pollster to fight Staten Island union drive
Amazon workers arrive with paperwork to unionize at the NLRB office in Brooklyn, New York, October 25, 2021. Brendan Mcdermid | Reuters Amazon tapped an influential consulting and polling firm with close ties to Democratic political groups to help the company thwart a critical unionization effort at a Staten Island, New York, warehouse, CNBC has […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to wrap up strong month but weak quarter Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 30, 2022. Brendan McDermid | Reuters U.S. stock futures were […]
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European stocks muted after a tumultuous month for markets
LONDON — European stocks were mixed on the last trading day of March, a month marked by global geopolitical and economic uncertainty after Russia’s invasion of Ukraine. The pan-European Stoxx 600 hovered 0.2% below the flatline by mid-afternoon, but was on course to eke out a monthly gain for March. Utilities gained 0.9% while retail […]
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Singapore’s stance on Russia shows support for sanctions isn’t limited to the West, says think tank
“We cannot condone any country arguing that another country’s independence is the result of historical errors and crazy decisions,” Prime Minister Lee said at the White House on March 29. Bloomberg | Bloomberg | Getty Images It was “important” for U.S. President Joe Biden to meet with Singapore Prime Minister Lee Hsien Loong, as it […]
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Treasury yields fall, with inflation data in focus
U.S. Treasury yields fell early on Thursday, with investors focused on the inflation data due out later in the morning. The yield on the benchmark 10-year Treasury note fell 3 basis points to 2.3270% at 4:30 a.m. ET. The yield on the 30-year Treasury bond moved under a basis point lower to 2.4789%. The rate […]
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Oil prices slide as Biden considers huge reserves release
A general view shows Marathon Petroleum’s oil refinery, following Russia’s invasion of Ukraine, in Anacortes, Washington, March 9, 2022. David Ryder | Reuters LONDON — Oil prices dropped sharply on Thursday after reports that U.S. President Joe Biden is considering the release of up to 180 million barrels from the country’s strategic petroleum reserve (SPR). […]
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