Latest News Updates From Bloomberg News

GovernmentBusiness

Biden’s Go-Big Stimulus Plans Will Test Closely Divided Senate

President-elect Joe Biden’s plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays.

January 11, 2021
BusinessTechnologyLogistics

Chips Shortage Hits Global Automakers

A semiconductor shortage is pinching some of the world’s biggest auto manufacturers, costing Daimler AG, Nissan Motor Co., Honda Motor Co., Ford Motor Co. and Fiat Chrysler Automobiles NV production for a range of cars.

January 8, 2021
GovernmentBusiness

Democrats’ Senate Sweep in Georgia Signals Boost to Economy

Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.

January 6, 2021
GovernmentBusinessFuel

OPEC+ Meets to Discuss Output Hike, With Saudis Urging Caution

Saudi Arabia urged caution as OPEC+ gathered to discuss whether to hike supply again in February, with many countries wary of undermining a fragile recovery.

January 4, 2021
GovernmentBusiness

Congress Gets Text of $900 Billion Relief Bill Hours Before Vote

The House released the text of a massive 5,593-page package of legislation that combines pandemic relief with a bill to fund government operations just hours before lawmakers were set to cast their votes on Dec. 21.

December 20, 2020
BusinessFuel

LNG Surges to Six-Year High With Cold Snap in Importing Nations

Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.

December 18, 2020
BusinessTechnologyFuelLogistics

CEO of Arrival Aims to Make Electric Buses, Vans in Microfactories

Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.

December 16, 2020
GovernmentBusiness

Pfizer Vaccine Cleared in US

Pfizer Inc. gained emergency U.S. authorization for its COVID-19 vaccine on Dec. 11, completing an unprecedented scientific sprint that could eventually help bring an end to a pandemic that has killed nearly 300,000 Americans.

December 11, 2020
GovernmentBusiness

Bipartisan Relief Plan Released With Key Hurdles Unresolved

The Democratic and Republican lawmakers working on a compromise pandemic relief plan delivered a more detailed summary of their proposal Dec. 9 but haven’t yet resolved the deadlock over a business liability shield and aid to state and local governments.

December 9, 2020
GovernmentBusinessTechnologySafety

Some Experts See Plane-Crash Risk Rising on Expansion of 5G Spectrum

A plan to redeploy spectrum for super-fast 5G wireless networks is sparking concern among aviation safety experts that it could result in interference with the electronics on aircraft, potentially leading to crashes.

December 7, 2020