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Biden noncommittal on a potential Strategic Petroleum Reserve release Washington (CNN) President Joe Biden on Saturday was noncommittal on ordering a Strategic Petroleum Reserve release in an attempt to address rising crude oil prices after the OPEC+ coalition rejected calls from the US and other big oil consuming ...
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Elon Musk asks Twitter if he should sell some of his Tesla stock At the price of $1,2209.09 per share, 10 percent of them would be valued at $20.8 billion. With a long-term capital gains tax rate of 20% for someone in Musk's income bracket, it would equal a tax bill from the sale approaching $4.2 billion.
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Biden says US has tools to respond to OPEC+ withholding oil supply WASHINGTON, Nov 6 (Reuters) - U.S. President Joe Biden said on Saturday that his administration has ways to deal with high oil prices after OPEC and its allies rebuffed U.S. pleas for the producers to pump more crude. "There are other tools in the ...
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Stocks rally to new record highs on strong jobs data and Pfizer Covid pill news But all three indexes pulled back a bit from the peak levels they hit earlier in the day. The Dow finished the week up 1.4% while the S&P 500 and Nasdaq have gained about 2% and 3%, respectively, over the past five days.
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Shipping is broken. Here's how to fix it. Manufacturing bottlenecks and shipping delays have resulted in cargo piling up not only in port terminals but also in rail yards and warehouses. Critical equipment, like shipping containers and truck chassis, is unavailable, causing distribution centers to ...
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