News

LeBlanc, the Canadian government’s minister responsible for Canada-U.S. trade: Discussed relief from high industry-specific tariffs.

LeBlanc, the Canadian government’s minister responsible for Canada-U.S. trade: We had a positive meeting with U.S. Trade Representative Greer.

According to US financial media Semafor: Sources revealed that Anthropic has refused to disclose financial information to lenders who are considering buying some of its debt.

Analyst Omdia: Total light vehicle sales in the United States in May reached 1.5 million units, with a seasonally adjusted annual sales volume (SAAR) of 16.08 million units.

U.S. Central Command: Since the blockade of all maritime traffic in and out of Iranian ports began on April 13, the U.S. military has paralyzed six merchant ships and forced another 122 merchant ships to change course.

U.S. Central Command: On June 2, the U.S. military paralyzed an empty oil tanker that was trying to sail to an Iranian port in the Arabian Gulf.

Acting U.S. Attorney General Todd Branch said the Trump administration will abandon plans to create a $1.8 billion fund aimed at "compensating" the Republican president's allies, following widespread political backlash and court setbacks.

In the week to May 29, API crude oil production in the United States was 185,000 barrels per day, compared with the previous value of 629,000 barrels per day.

The United States imported 334,000 barrels/day of API refined oil products in the week to May 29, compared with the previous value of -171,000 barrels/day.

The United States imported 543,000 barrels of API crude oil in the week to May 29, compared with the previous value of -223,000 barrels.

U.S. API heating oil inventories in the week to May 29 were 498,000 barrels, compared with the previous value of 246,000 barrels.

U.S. API Cushing crude oil inventories for the week to May 29 were -279,000 barrels, compared with the previous value of -2.875 million barrels.

U.S. API refined oil inventories for the week to May 29 were -214,000 barrels, compared with expectations of -615,000 barrels, and the previous value of 1.103 million barrels.

U.S. API gasoline inventories for the week to May 29 were 3.454 million barrels, expected to be -98,000 barrels, and the previous value was -3.199 million barrels.

API crude oil inventories in the United States for the week to May 29 were -6.757 million barrels, expected to be -3.605 million barrels, and the previous value was -2.819 million barrels.

Hassett, director of the White House National Economic Council: (on gasoline prices) Prices are falling.

According to the Wall Street Journal: U.S. Defense Secretary Hegseth has delayed the promotion of at least two dozen senior Air Force officers, U.S. officials said.

Shares of XOS INC, a U.S. fleet electrification solutions provider, rose 119.73% to $4.90 in after-hours trading. The company announced the launch of a 2.5MWh Power Hub product dedicated to energy storage and hybrid applications.

Sources: Federal Reserve Chairman Warsh has selected Paul Winfree and Daniel Heil to assist in policy analysis and planning.

Sources: Fed Chairman Warsh appointed two conservative policy veterans as interim advisers.