Bloomberg News

Government, Business

Pelosi, Mnuchin Trade Blame as Stimulus Negotiations Stall

House Speaker Nancy Pelosi said the burden was on President Trump to push forward on stimulus negotiations. House Speaker Nancy Pelosi said the burden was on President Trump to push forward on stimulus negotiations. (Sarah Silbiger/Bloomberg News)

U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin Oct. 23 put the onus on each other to re-energize flagging stimulus talks as prospects for action on virus relief legislation before the election are fading fast.

October 23, 2020
Business, Safety

Tesla Is Recalling About 30,000 Imported Vehicles in China

Tesla vehicles are unloaded from car carriers before being shipped from the Port of San Francisco. Tesla vehicles are unloaded from car carriers before being shipped from the Port of San Francisco in February 2019. (David Paul Morris/Bloomberg News)

Tesla Inc. is recalling about 30,000 imported Model S and Model X vehicles in China because of suspension problems, a setback for the U.S. electric-car maker just as it faces intensifying competition in the world’s largest auto market.

October 23, 2020
Business, Technology, Fuel, Autonomous

Tesla to Start Exporting China-Made Model 3 Cars to Europe

Tesla will begin shipping China-made Model 3s to Europe, the company said. A woman walks past a Tesla car being charged in Beijing, China, in January 2019. (Ng Han Guan/Associated Press)

Tesla Inc. will start exporting Model 3 cars made at its gigafactory on the outskirts of Shanghai to Europe later this month, the automaker said in a statement sent via WeChat.

October 19, 2020
Business, Logistics

Amazon’s Prime Day Steals Rivals’ Black Friday Spotlight

An employee scans a package at an Amazon fulfillment center in the U.K. An employee scans a package at an Amazon fulfillment center in the U.K. on Oct. 12. (Chris Ratcliffe/Bloomberg News)

Amazon.com Inc.’s two-day Prime Day sale kicked off on Oct. 13 and is expected to give the world’s largest e-commerce company an early advantage over brick-and-mortar rivals still contending with pandemic-spooked consumers wary of battling Black Friday crowds.

October 13, 2020
Government, Business

Pelosi Says No Action on Airline Aid Without Bigger Stimulus

Treasury Secretary Steven Mnuchin reportedly discussed a broader stimulus bill with Pelosi on Oct. 7. Treasury Secretary Steven Mnuchin reportedly discussed a broader stimulus bill with Nancy Pelosi on Oct. 7, despite Trump saying he would halt negotiations Oct. 6. (Manuel Balce Ceneta/Associated Press)

House Speaker Nancy Pelosi said Oct. 8 there could be no action on a stand-alone bill to aid airlines or any other sector of the economy without an agreement with the White House and Republicans on a broader economic stimulus package.

October 8, 2020
Government, Business

Trump Tells Team to Stop Stimulus Talks, Halting Months of Negotiations

President Trump walks out of Walter Reed National Military Medical Center on Oct. 5. President Trump walks out of Walter Reed National Military Medical Center in Bethesda, Md., on Oct. 5, after being treated for COVID-19. (Evan Vucci/Associated Press)

President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery.

October 6, 2020
Government, Business, Safety

Boeing Tempers Hoopla on Max’s Return After Crisis ‘Dug a Hole’

The Boeing 737 Max airplane takes off for a test flight in Seattle on Sept. 30. The Boeing 737 Max airplane takes off for a test flight in Seattle on Sept. 30. (Chona Kasinger/Bloomberg News)

Boeing Co. is plotting a low-key comeback for the 737 Max, the grounded jetliner that has spent almost two years engulfed in controversy and tragedy after two fatal crashes, said people familiar with the matter.

September 30, 2020
Business, Technology, Autonomous

Uber Weighs Purchase of BMW-Daimler Ride-Hailing Venture

Pedestrians pass in front of signage displayed outside Uber headquarters in San Francisco. Pedestrians pass in front of signage displayed outside Uber headquarters in San Francisco. (David Paul Morris/Bloomberg News)

Uber Technologies Inc. is considering a purchase of Daimler AG and BMW AG’s ride-hailing joint venture Free Now, a deal that could boost its market share in Europe and Latin America, people with knowledge of the matter said.

September 28, 2020
Government, Business, Technology, Fuel

Electrifying California Cars Could Crush the Grid, or Save It

Tesla vehicles sit in a lot at a Tesla store in Colma, Calif., on Sept. 24. Tesla vehicles sit in a lot at a Tesla store in Colma, Calif., on Sept. 24. (David Paul Morris/Bloomberg News)

Electrifying all new cars in California could be an immense burden on the state’s struggling power grid — or a whole new line of defense against blackouts.

September 28, 2020
Business, Technology, Safety, Fuel, Autonomous

Tesla’s $25,000 Car Doesn’t Worry Biggest Rivals in China

The Tesla logo is seen on the grille of a Model X vehicle in Moscow, Russia, in July 2018. (Andrey Rudakov/Bloomberg News)

Tesla Inc.’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle startups, with executives at the Beijing Auto Show saying Elon Musk can bring it on.

September 28, 2020

Pages