Robinhood’s Stock Is Now Worth Less Than Its Cash on Hand

Reuters

Biden blasts oil refiners for record high gasoline prices, profits

WASHINGTON (Reuters) -U.S. President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices. Biden wrote to executives from Marathon Petroleum Corp, Valero Energy Corp and Exxon Mobil Corp and complained they had cut back on oil refining to pad their profits, according to a copy of the letter https://docsend.com/view/qpg3e8a2s3fbxi3a seen by Reuters. The letter was also being sent to Phillips 66, Chevron Corp, BP and Shell, a White House official, who declined to be identified, told Reuters.