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 up for high output costs. Prices for both the D4 RINs, issued to biomass-based diesel producers, and the D6 RINs, issued to ethanol suppliers, rose as high as 79 cents each on Friday, traders said.
Tesla surged on Friday, capping a huge week for the EV maker as the stock hit its highest close in over two years. Optimism over CEO Elon Musk’s relationship with President Trump has sent investors into a frenzy, with Tesla’s market cap now topping $1 trillion.
(Bloomberg) -- Salesforce Inc. plans to hire more than 1,000 workers to sell its new generative AI agent product. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowThe hiring surge is aimed at capitalizing on “amazing momentum” for the new artificial intelligence product, Chief Executive
