PROD

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden …

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Oil falls around 3% as investors eye U.S. Fed rate hikes

Oil falls around 3% as investors eye U.S. Fed rate hikes

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/ Register now for FREE unlimited access to Reuters.com Register Powell says Fed ‘strongly committed’ to bringing down inflation Biden asks Congress to pause …

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Stocks gain on improved sentiment, crude at $120

Stocks slide, dollar gains on hot U.S. inflation data

NEW YORK, June 10 (Reuters) – U.S. and European stocks slid while the dollar strengthened on Friday after hot U.S. consumer price data for May raised the likelihood that the Federal Reserve will prolong an aggressive campaign of hiking interest rates to tame inflation. The consumer price index accelerated 1.0% last month after gaining 0.3% …

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