November 8, 2024

US renewable fuel credits rally to multi-month highs despite Trump reelection By Reuters

By Shariq Khan NEW YORK (Reuters) – U.S. renewable fuel credits rose to multi-month highs on Friday on increased demand from refiners trying to comply with mandates and higher prices for soyoil, surprising traders who expected Donald Trump’s reelection as U.S. president to weigh on the market. Rising prices for the credits, also called Renewable Identification Numbers (RINs), are welcome news for biofuel producers who depend on them to make

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November 8, 2024

Binance Co-Founder CZ Cautious Traders On Bitcoin Amid ATH Hit

In a recent X post, Binance co-founder Changpeng ‘CZ’ Zhao has advised community members and investors against getting greedy as Bitcoin (BTC) price continues its rally. His statement comes amidst a broad crypto market rebound that has seen BTC hit an All-time-high (ATH) of almost $78,000. Binance CZ And Involvement in Bitcoin and Crypto Even though he no longer heads Binance as the CEO of the leading exchange, CZ is

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November 8, 2024

Richard Farley Is Top US SEC Chair Candidate For Donald Trump: Report

Richard Farley, a Wall Street lawyer known for his work in leveraged finance, is reportedly under consideration to lead the Securities and Exchange Commission (SEC) in the upcoming Trump administration. Farley, a partner at the New York law firm Kramer Levin Naftalis & Frankel, has experience representing major financial institutions, including Goldman Sachs, Credit Suisse, and UBS, according to sources familiar with the matter. Richard Farley’s Background and Connections  Richard

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November 8, 2024

Enphase Energy to lay off 17% of workforce, take up to $20 million in charges

(Reuters) -Enphase Energy will cut its global workforce by about 17%, impacting about 500 employees and contractors, it said on Friday, as the solar inverter maker streamlines operations amid slowing residential solar demand. The company, which has been grappling with a deteriorating market for residential solar in Europe, will focus contract manufacturing in four existing locations – two in the US, one in India and one in China. The company

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November 8, 2024

Top Wall Street execs are getting skeptical on the Fed’s easing path

A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing path with a further two reductions this year. The Fed cut its benchmark rate by 50 basis points in

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