Latest News Updates From Bloomberg News

Government, Business

New Jersey's Murphy Asks Trump to Review Congestion Pricing

New Jersey Gov. Phil Murphy called on President Donald Trump to help fight New York City’s congestion pricing program and revisit the studies used by federal agencies to approve the toll.

January 23, 2025
Business, Equipment

Nissan to End Production of Compact Van

Nissan Motor Co. will stop making its AD compact van in November to pare back excess production as Honda Motor Co. prepares to fold the flailing carmaker into its business.

January 21, 2025
Government, Business, Technology, Equipment, Safety

Burning Teslas in L.A. Add to Toxic Mix Hindering Cleanup

As the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles.

January 17, 2025
Government, Business, Fuel

Trump Team Readies Oil Sanctions Plan for Russia Deal

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months.

January 16, 2025
Government, Business, Fuel

Colonial Shuts Largest US Gasoline Pipeline Over Leak

Colonial Pipeline Co. shut the largest U.S. fuel pipeline Jan. 14 to investigate a potential leak in Georgia.

January 14, 2025
Business

US Car Sales Get Year-End Boost From Trump’s EV Threat

The threat by President-elect Donald Trump to end tax credits for electric vehicles helped lift sales in the fourth quarter, giving U.S. automakers a much-needed boost after a disappointing year.

January 3, 2025
Government, Business

House Passes Spending Plan Hours Before Shutdown Deadline

The spending bill would keep the government open through March 14, provide disaster relief and give billions of dollars in economic aid to farmers. It will not suspend the national debt limit.

December 20, 2024
Government, Business, Technology, Equipment, Fuel

China Races to Ship Batteries to US Before Tax Changes

Shipments of lithium-ion batteries to the U.S. jumped by 27% to $1.9 billion in November from a year earlier. The export tax rebate for batteries was cut to 9% from 13%.

December 20, 2024
Government, Business

Trump Faces Setback as House Nixes Spending Plan

The bill failed by a vote of 235 to 174, with 38 Republicans voting against it in defiance of both Trump and Musk. Nearly all Democrats voted against the spending package.

December 19, 2024
Government, Business

Trump, Musk Reject Johnson’s Plan to Avert Shutdown

The drama left Johnson huddling with allies in his Capitol office to come up with a Plan B that would keep the government financed and avoid the political pain of a shutdown come Dec. 21.

December 19, 2024