Latest News Updates From Bloomberg News

Business, Logistics, Private

Thyssenkrupp Weighs Exit Options for Logistics Unit

Thyssenkrupp is exploring exit options for its materials trading unit that could be valued at as much as $2.2 billion in a deal, as the industrial conglomerate looks to streamline operations.

April 9, 2025
Government, Business, Technology, Logistics

Tariff Fears Drive Surge in Consumer Spending

Trump鈥檚 tariffs are rattling U.S. consumers, who are stocking up on everything from cars to olive oil and iPhones. The behavior offers some good news for scrambling businesses.

April 8, 2025
Government, Business, Technology, Logistics

Xi Declares China Ready to Fight Trump鈥檚 Trade Tariffs

President Xi Jinping鈥檚 decision to quickly retaliate against Donald Trump鈥檚 sweeping tariffs sent the world a clear message: If the U.S. wants a trade war, China is ready to fight.

April 7, 2025
Government, Business, Equipment

Carmakers Stop Plants, Ponder Prices as Trump鈥檚 Tariffs Hit

Just hours after taking effect, President Donald Trump鈥檚 25% tariffs on imported cars were already reverberating around the globe.

April 4, 2025
Government, Business, Fuel

OPEC+ Deepens Oil Price Slump by Accelerating Supply Hike

OPEC+ agreed to make a larger than expected oil supply hike in May, deepening the slump in oil prices triggered by President Donald Trump鈥檚 tariffs.

April 3, 2025
Government, Business, Equipment

GM, Hyundai Sales Rise as Trump Tariff Fears Spur Car Buying

This past weekend was 鈥渂y far the best weekend I鈥檝e seen in a very long time,鈥 said Randy Parker, the CEO of Hyundai and Genesis in North America.

April 1, 2025
Government, Business, Equipment

Most Carmakers Stand to Feel Pain From Trump's Auto Tariffs

As the fallout from President Donald Trump鈥檚 tariff plans comes into relief, a harsh truth is emerging for the automotive industry: There are lots of losers and not many winners.

March 27, 2025
Government, Business

Trump Weighs Imposing Copper Import Tariffs in Weeks

U.S. tariffs on copper imports could be coming within several weeks, months earlier than the deadline for a decision, according to people familiar with the matter.聽

March 26, 2025
Government, Business, Logistics

NYC Congestion Pricing Raises $52M Amid Trump Backlash

New York City鈥檚 congestion pricing raised about $52 million in toll revenue in February as President Donald Trump and Gov. Kathy Hochul remain in a standoff over his bid to end the program.

March 24, 2025
Government, Business, Equipment

Trump Hails Hyundai鈥檚 US Expansion as Tariff Vindication

President Donald Trump lauded plans by Hyundai to expand in the U.S., casting it as a vindication of his use of tariffs to pressure foreign manufacturers to create American jobs.聽

March 24, 2025