Trump White House tries to assuage farmer unrest over biofuel policy: sources
President Donald Trump’s administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline, sources told Reuters on Tuesday.
Exclusive: Lotus Midstream mulls reversing West Texas to Cushing pipeline – sources
Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an unusual move that could lif…
Facebook’s Libra faces EU antitrust probe: Bloomberg
Facebook Inc’s proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reported on Tuesday, citing a document seen by the organization.
U.S. conservatives say Facebook needs ‘significant work’ to address concerns: former senator
A review by a former Republican U.S. senator concludes that political conservatives believe Facebook Inc needs to do “significant work” to satisfy their concerns that the social media website is biased, describing policies and examples that they found …
Safe havens rise as recession concerns trigger easing bets
Investors on Tuesday sought traditional safe havens, including the Japanese yen and U.S. Treasuries, even as there were signs that more economic stimulus was on its way, as markets focused on concerns over a global deceleration.
Trump says looking at possible U.S. tax cuts
President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes, but he was not talking about doing anything at this moment.
Wall St. slips after three days of gains; Home Depot rises
Wall Street’s main indexes edged lower on Tuesday after three sessions of gains, as lower Treasury yields weighed on financial stocks, offsetting a boost from Home Depot’s better-than-expected quarterly earnings.
U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’
U.S. banking regulators on Tuesday eased trading regulations for Wall Street banks, giving them one of their biggest wins under the Trump administration but drawing criticism from consumer activists who warned of potential risks to taxpayers.
Home Depot beats quarterly profit estimates, warns of tariff impact
Home Depot Inc beat quarterly profit estimates on Tuesday as it sold more big-ticket items to high-spending builders and handymen, while flagging the potential impact of U.S. President Donald Trump’s ongoing trade tussle with China on consumers.
Oil steadies as hopes of easing trade tensions lend support
Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.
