Latest News Updates From Bloomberg News

Government, Fuel

Trump鈥檚 Energy Nominee Chris Wright Champions Fossil Fuels

Liberty Energy CEO Chris Wright is President-elect Donald Trump's nominee to head the Department of Energy. He favors fossil fuels and has doubts about electric vehicles.

December 4, 2024
Business, Fuel

OPEC+ Firms Up Deal for Three-Month Delay to Output Hike

OPEC+ is making progress toward an agreement to delay its oil-production revival by another three months, delegates said.

December 3, 2024
Business, Equipment

Stellantis Taps US Boss, Former CFO for Roles After CEO Exit

Stellantis NV appointed executives including North America boss Antonio Filosa to a committee taking over from ousted CEO Carlos Tavares, as the automaker works to fill a leadership void.

December 2, 2024
Business, Technology

Northvolt Names Markus Dangelmaier as CEO of Main Factory

Northvolt AB has named Markus Dangelmaier CEO of Northvolt Ett AB, its only factory that鈥檚 producing battery cells.

December 2, 2024
Government, Business, Logistics

Trump鈥檚 Trade Pick Pushes Strategic Decoupling From China

Jamieson Greer, who鈥檚 been nominated as the U.S. trade representative, played a key role in imposing tariffs on China during Trump鈥檚 first term.

November 27, 2024
Government, Business, Fuel

OPEC+ Shifts to Virtual Meeting as Oil Futures Slide

It鈥檚 the third time in a row that the group led by Saudi Arabia and Russia has turned a gathering scheduled for its Vienna headquarters into a virtual session.

November 25, 2024
Government, Business, Logistics

Tariff Concerns Propel Chinese Exports to Record Heights

China's export growth will accelerate to 7% in the final three months from the same period last year, according to the median forecast of analysts surveyed by Bloomberg Nov. 15-21.

November 25, 2024
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