The Biden administration is reportedly days from proposing the toughest-ever U.S. limits on emissions from cars, SUVs and pickup trucks, but will likely stop short of a ban on gas-powered vehicles and a mandate to buy electric. The proposed standards on cars and light trucks is set to be announced…
Treasury yields rose sharply in holiday-abbreviated trading Friday, though rates still concluded the week lower overall, after employment data for March was seen boosting the chances of another Federal Reserve interest-rate hike next month. What happenedWhat drove markets The U.S. economy added 236,000 new jobs in March, in line with…
U.S. stock-index futures turned higher in a holiday-shortened session after a solid March jobs report, though investors won’t fully digest the data until next week with cash trading in equities closed due to the Good Friday holiday. Trading in stock-index futures closed at 9:15 a.m. Eastern. Stock-index futures resume trading…
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Gold prices ended lower on Thursday for a second day in a row, but posted a sixth straight weekly gain for the holiday-shortened week and remained within striking distance of the yellow metal’s all-time closing high for a most-active futures contract.Price actionMarket drivers Gold’s pullback Thursday is “likely related to…