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Top US utility group opposes emissions plan for existing gas plants-source

The top U.S. utility lobby group intends to push back against the Biden administration’s proposals requiring upgrades to existing natural gas-fired power plants to curb climate-warming emissions, two sources familiar with the matter said. Resistance from the...

Supreme Showdown: Biden’s Administration Challenges SEC in Epic Legal Battle

Political News

The U.S. Supreme Court on Friday agreed to hear a bid by President Joe Biden’s administration to defend certain Securities and Exchange Commission in-house enforcement proceedings in a case that could broadly undercut the power of federal agencies. The justices...

Stocks Soar as Inflation Takes a Chill Pill

Political News

U.S. stocks are rising after better-than-expected news on inflation for May. At 11:00 ET (15:00 GMT), the Dow Jones Industrial Average was up 211 points or 0.6% while the S&P 500 was up 1% and the NASDAQ Composite was up 1.4%. Stocks are set to end the month,...

Futures slip, central bankers, Nvidia hit by China curbs – what’s moving markets

Political News

Futures slip lower despite optimism over the U.S. economy as investors await commentary from central bankers. Oil prices push higher, while shares in Nvidia look set to lead declines in tech stocks after a report that Washington could restrict exports of artificial...

Morgan Stanley Reworks Fed Forecast, Capitalizing on Powell’s Testimony

Political News

Morgan Stanley added a 25-basis-point rate hike to its Fed policy forecast. Morgan Stanley’s Chief US economists changed the investment firm’s Fed forecast as the bar for a July rate hike “is significantly lower than we had initially expected.”...

Top US utility group opposes emissions plan for existing gas plants-source

Supreme Showdown: Biden’s Administration Challenges SEC in Epic Legal Battle

Stocks Soar as Inflation Takes a Chill Pill

Futures slip, central bankers, Nvidia hit by China curbs – what’s moving markets

Morgan Stanley Reworks Fed Forecast, Capitalizing on Powell’s Testimony

Tesla, Alphabet fall premarket; Moderna, Lucid Group rise

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