Latest News Updates From Bloomberg News

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’s 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’s 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’s CATL Unveils Battery Designed for Hybrid Vehicles

China’s 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
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