China joins big oil in opposition to Trump’s biofuel proposal

China joins big oil in opposition to Trump’s biofuel proposal

[NEW YORK] US oil refiners have found an unlikely ally in their opposition to US President Donald Trump’s proposed changes to biofuel policy: China. A plan to slash incentives for renewable diesel produced from imported feedstocks will disrupt trade, harm US fuelmakers and undermine efforts to slash carbon emissions, a Chinese government agency said in…

Read More

Robinhood, AppLovin, Emcor to join S&P 500 in rebalancing

Robinhood, AppLovin, Emcor to join S&P 500 in rebalancing

[NEW YORK] Robinhood Markets has been added to the S&P 500, marking a new phase for the retail trading platform that helped define the pandemic-era boom in individual investing. The company will join the benchmark in the latest quarterly rebalance, S&P Dow Jones Indices said on Friday (Sep 5). AppLovin and Emcor Group will also…

Read More

Trump says Hassett, Warsh and Waller are finalists for US Fed chair

Trump says Hassett, Warsh and Waller are finalists for US Fed chair

The timetable for selecting a successor to Powell, whose term as chair expires in May, remains unclear Published Sat, Sep 6, 2025 · 08:01 AM [WASHINGTON] US President Donald Trump said that he saw White House economic adviser Kevin Hassett, Federal Reserve governor Christopher Waller and former Fed governor Kevin Warsh as the finalists to…

Read More

RFK Jr. has turned health services into a goat rodeo

RFK Jr. has turned health services into a goat rodeo

During the Biden years, ­Republicans skewered Xavier Becerra — a career litigator and politician — as incompetent and unsuited to serve as health and human services secretary. Oh, for the days of mere incompetence. Donald Trump’s HHS presents something far more absurd. HHS Secretary Robert F. Kennedy Jr. has married ineptitude to pet obsessions, producing…

Read More

Europe: Stocks retreat at close as weak US payrolls stoke slowdown fears

Europe: Stocks retreat at close as weak US payrolls stoke slowdown fears

[BENGALURU] European stocks surrendered early gains to finish lower on Friday (Sep 5), dragged by energy and financial shares, as investors turned cautious after softer-than-expected US payrolls data heightened concerns about cracks in the world’s largest economy. The pan-European Stoxx 600 ended 0.16 per cent lower at 549.21, with the energy index weighing heavily with…

Read More

US: Stocks dip after poor jobs data

US: Stocks dip after poor jobs data

Published Sat, Sep 6, 2025 · 06:05 AM [NEW YORK] Wall Street stocks finished lower on Friday (Sep 5) as markets grappled with worries about the latest weak US labour market data, which was offset somewhat by expectations for US Federal Reserve monetary easing. The US economy added just 22,000 jobs in August, while unemployment…

Read More