Latest News Updates From Bloomberg News

Government, Business

N.J. Gov: 鈥楳oney Coming Back Our Way鈥 Key to NYC Toll Deal

New Jersey Gov. Phil Murphy said that while he鈥檚 committed to trying to block New York City鈥檚 congestion pricing plan, he鈥檚 open to negotiating a deal that would allocate a portion of the revenue to his state.

November 22, 2024
Business, Technology, Autonomous

Uber Said to Be in Talks to Invest in US IPO of Pony AI

Uber Technologies plans to invest in Pony AI鈥檚 U.S. initial public offering, which is expected to be priced next week after being upsized by the autonomous driving firm.

November 21, 2024
Government, Business, Fuel

Oil Glut Set to Thwart Trump鈥檚 Call to 鈥楩rack, Frack, Frack鈥

President-elect Donald Trump鈥檚 vows to 鈥渇rack, frack, frack鈥 are about to collide with a global crude glut that鈥檚 set to, finally, temper record shale production.

November 19, 2024
Business, Technology

Northvolt Rescue on Verge of Unraveling as Cash Runs Short

Northvolt is scrambling to pull together emergency funding after a previous plan fell apart, according to sources, leaving the battery maker with dwindling options as it runs low on cash.

November 15, 2024
Government, Business, Technology, Equipment, Autonomous

Trump-Musk Alliance May Boost Tesla, Reshape Big Tech

Silicon Valley is bracing for a different relationship with the U.S. government as Donald Trump prepares to return to the White House.

November 6, 2024
Business, Fuel

World Demand for Diesel Likely to Fall

The world鈥檚 demand for diesel is forecast to fall this year, a rare event for the fuel that powers swaths of the global economy.

November 5, 2024
Government, Business, Fuel

Big Oil Chiefs See Middle East, China as Top Concerns

Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to some of the industry鈥檚 top executives.

November 4, 2024
Business, Technology, Equipment, Autonomous

Waymo Valued Over $45B After Latest Funding Round

The business said late last week that it had raised $5.6 billion in new capital at an undisclosed value. The financing was led by Alphabet, which also owns Google.

October 31, 2024
Business, Technology

China鈥檚 CATL Unveils Battery Designed for Hybrid Vehicles

China鈥檚 Contemporary Amperex Technology Co. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.

October 24, 2024
Business, Equipment

Auto Supplier Dana Exploring Sale of Off-Highway Unit

Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.

October 18, 2024