Latest News Updates From Bloomberg News

Government

(VIDEO) Foxx: Short-Term Cycles for Highway Trust Fund Must End

U.S. Transportation Secretary Anthony Foxx talks about budgeting for the Highway Trust Fund and the handling of vehicle recalls by Fiat Chrysler Automobiles NV's U.S. unit.

July 6, 2015
Business

Manufacturing Expands at Fastest Pace in Five Months

Manufacturing expanded in June at the fastest pace in five months, indicating domestic demand is allowing America’s factories to withstand sluggish overseas economies.

July 1, 2015
Business

Consumer Sentiment Rises in June to Five-Month High

Consumer confidence climbed in June to a five-month high as an improving job market boosted Americans’ attitudes about the world’s largest economy.

June 26, 2015
Government, Business, Logistics

Republicans Will Allow Export-Import Bank to Expire Under Senate Plan

The U.S. Export-Import Bank’s charter will lapse next week if the Republican-led Congress follows a path outlined by Senate Majority Leader Mitch McConnell that would delay a vote on reauthorizing the bank until July.

June 25, 2015
Business

Sales of Existing °®¶¹´«Ã½s Rose in May to Highest Since 2009

Previously owned U.S. homes sold in May at the fastest pace since November 2009, driven by first-time buyers and indicating budding momentum in the residential real estate market.

June 22, 2015
Business

Jobless Claims Declined More Than Forecast Last Week

Fewer Americans than forecast filed for unemployment benefits last week, a sign labor market momentum continues to strengthen.

June 18, 2015
Business, Fuel

US Drivers Take Equivalent of 3,900 Trips to the Sun as Refiners Churn Out Gasoline

Oil supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in gasoline?

June 17, 2015
Business, Fuel

World Facing Longest Oil Glut in at Least Three Decades

Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the 1997 Asian economic crisis, International Energy Agency data show.

June 16, 2015
Business

Daimler Recalls 40,061 Sprinter Vans for Defective Air Bag Inflators

Daimler AG made 40,061 vans from 2005 to 2008 with air bags that must be replaced, the National Highway Traffic Safety Administration said.

June 15, 2015
Business

Consumer Sentiment Rises as Americans Most Upbeat About Wages in Seven Years

Consumer confidence rose more than forecast in June as Americans were the most upbeat about their wage prospects in seven years.

June 12, 2015