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California Pledges State EV Credit if Federal Subsidies End

California Gov. Gavin Newsom is promising to step in with a state electric-car tax credit if President-elect Donald Trump repeals a federal subsidy after he takes office next year.

November 25, 2024

OPEC+ Shifts to Virtual Meeting as Oil Futures Slide

It’s 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

Nebraska Sues Truck OEMs Over ‘Collusion’ on California Deal

Nebraska's attorney general filed an antitrust suit against four major original equipment manufacturers, alleging they colluded  to eliminate choice and raise truck prices.

November 25, 2024

Tesla, Rivian Reach Conditional Settlement in Poaching Suit

Tesla didn’t disclose specifics, but told a California state judge that it expects to seek dismissal of the case by Dec. 24 upon satisfactory completion of the terms.

November 25, 2024

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

UBS: Tesla’s Rally Fueled by Investor Optimism, Not Growth

Tesla Inc.’s post-election stock surge has more to do with market exuberance than actual improvement in the fundamentals of its business, UBS Group AG analysts cautioned in a report.

November 25, 2024

N.J. Gov: ‘Money Coming Back Our Way’ Key to NYC Toll Deal

New Jersey Gov. Phil Murphy said that while he’s committed to trying to block New York City’s congestion pricing plan, he’s open to negotiating a deal that would allocate a portion of the revenue to his state.

November 22, 2024

Perspective: ICHRAs and How They Can Help Small Companies

A relatively new benefits option allows transportation companies to control their expenses by reimbursing drivers for health insurance rather than buying it for them.

November 25, 2024

Walmart Outshines Rivals With High Employee Bonuses

Walmart Inc.’s corporate employee bonuses are set to surpass targets again this year as the company’s stock soars and sales outperform its retail rivals.

November 22, 2024