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Meanwhile, refiners on the U. Gulf Coast that depend on imported oil might end up paying more for those foreign barrels in a global market deprived from U. Ari Natter and Julia Fanzeres have more. Trump filed a lawsuit in October to stop the National Archives from handing the documents over to Congress, invoking executive privilege. The National Archives is set to release the documents Friday, unless a court orders it not to.

Vice President Kamala Harris announced U. Read more from Jennifer Jacobs. China is far behind its purchasing targets. Read more from Eric Martin. The Biden administration will strengthen its proposed limits on auto and truck emissions , EPA chief Michael Regan said Wednesday, addressing complaints that the plan unveiled last summer is too weak. That shift would likely be welcomed by environmentalists who have pressed the administration toughen the greenhouse gas emissions standards, Jennifer A.

Nominating Brainard would be a victory for Warren. A happy Warren might in turn appeal to Bernie Sanders, the only senator who caucuses with Democrats who voted against Brainard in , though he has declined to discuss Brainard or his reasons for opposing her. Biden as part of his climate-change push, last summer met with financial regulators at the White House, including Powell, where they discussed their progress on climate-related risk. Randal Quarles, who was appointed by former President Donald Trump and who has drawn fire from progressives, has also called for a systematic approach to data gathering on climate exposure.

And as long as the bond market is happy, the Fed can be very slow. Bitcoin erased gains after hitting a record. And in Europe, equities gained while those in Asia fell. Brookfield Asset Management Inc. Cineplex has spent much of the year focused on getting its theatres back into operation while hoping the confidence of patrons and a solid selection of films will attract sizable crowds. As in other regions, Latin America is being battered by faster-than-forecast inflation fueled by a number of local and global factors.

While consumption has firmed as economies recover from pandemic-driven downturns, consumer prices have been propelled by global supply-chain disruptions and costlier raw materials. Mexico will raise rates as consumer price expectations march higher, with inflation unlikely to slow until early next year, according to Felipe Hernandez, a Latin America economist at Bloomberg Economics.

Consumer prices rose more than expected in October due to external shocks and more expensive services that are consistent with a recovery in demand, Hernandez wrote. Others still see rate hikes of 25 basis points as more appropriate at this time, arguing that monetary policy can do little to rein in supply-related price pressures. Even though the bank is keeping a watchful eye on inflation expectations, concerns that the monetary tightening could weigh on the economy make a quarter-point boost likely, said Rodolfo Navarrete, head of analysis at Vector Casa de Bolsa.

Peru is also paring back monetary stimulus as inflation forecasts rise. Unlike in Mexico, extra government spending is providing more reason for the central bank led by Julio Velarde to raise rates. Government policies are overheating the economy, according to strategists at Bank of America Corp.