 | | | | World stock markets racked up record highs on Thursday and the dollar fell as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus' damage and bolster growth. | | | | | | Heath Tarbert stepped down as Commodity Futures Trading Commission (CFTC) chair on Thursday, with Georgetown University academic Chris Brummer emerging as a leading candidate to replace him, according to three people with knowledge of the discussions. | | | | | | Oil prices steadied on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related fuel demand concerns, while U.S. stimulus hopes buoyed prices. | | | | | | U.S. President Joe Biden's promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives. | | | | | | The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo. | | | | | | Wall Street's main indexes edged up to record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery. | | | | | | Electric passenger aircraft developer Joby Aero Inc is exploring a deal to go public through a merger with a blank-check acquisition firm at a valuation of around $5 billion, according to people familiar with the matter. | | | | | | At U.S. Treasury Secretary-designate Janet Yellen's confirmation hearing Tuesday she nodded to the need for the federal debt to be put on a "sustainable" path, at least eventually. | | | | | | U.S. Treasury nominee Janet Yellen underscored on Thursday the Biden administration's intent to remake tax and trade policy after making domestic investments on workers and infrastructure in written answers to senators' questions. | | | | | | Some of former President Donald Trump's most high profile hospitality assets took a revenue hit last year as COVID lockdowns hurt business, according to a financial disclosure filed on Wednesday, his final day in office. | | | | | |
