Latest News Updates From Bloomberg News

Business, Logistics, Top 100

GXO Considering Sale Amid Interest From Potential Buyers

The Greenwich, Conn.-based company is working with financial advisers, said sources who asked not to be identified because the details aren’t public.

October 11, 2024
Business, Technology, Autonomous

Tesla to Finally Roll Out Robotaxi Tonight

When Elon Musk finally unveils autonomous taxi prototypes late Oct. 10, the Tesla CEO will have a lot to prove.

October 10, 2024
Business, Technology

Northvolt Unit Files for Bankruptcy as Expansion Plan Halted

Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden.

October 8, 2024
Business, Technology

Continental Picks Goldman, JPMorgan for Car Parts Spinoff

Continental AG has lined up banks to help with the separation of its struggling car parts business, moving ahead with the plans despite recalls related to faulty braking systems it supplied.

October 8, 2024
Business, Logistics, Global Freight

Global Shipping Stocks Sink After Dockworkers Pause Strike

Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.

October 4, 2024
Government, Business, Logistics

Businesses Weigh Fallout From Dockworkers Strike

As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.

October 2, 2024
Business, Fuel

Oil Flows Slump for Fourth Straight Month

The seaborne flow of oil fell for a fourth straight month in September on the back of hefty declines from Libya, where a political row spilled over into supply disruptions.

October 2, 2024
Government, Business, Safety

Helene Leaves Flooded Farms, Fouled Rivers, Dozens Dead

As historic floodwaters unleashed by Hurricane Helene recede across the Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope.

October 2, 2024
Business, Technology, Safety

Chip Firms Monitor Quartz Supplies After Hurricane Hits Mines

Global semiconductor makers are monitoring supplies of high-purity quartz, a material critical to the industry, after Hurricane Helene halted production at two North Carolina mines.

October 2, 2024
Government, Business, Technology

Chinese EV Maker Nio Slams ‘Unreasonable’ US, EU Tariffs

Nio founder William Li hit out at the European Union and the U.S., saying their moves to level tariffs on electric cars are unreasonable and urged them to cooperate with China.

September 25, 2024