Government

House, Senate Approve 30-Day Extension of Highway Funding

The U.S. House of Representatives approved a 30-day reauthorization for highway funding late Oct. 1, and the Senate passed the measure by unanimous consent on Oct. 2, sending it to President Joe Biden for signing.

October 1, 2021
Government, Business

Pelosi Regroups on Infrastructure With Hopes for Vote Today

House Speaker Nancy Pelosi (D-Calif.) plans to try again Oct. 1 for a vote on bipartisan infrastructure legislation that has been held up by a battle between moderate and progressive Democrats over President Joe Biden’s economic agenda.

October 1, 2021
Government, Business, Fuel, Logistics

European Energy Prices Surge to Records as Supply Crisis Spreads

European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts. Stockpiles of everything from gas to coal and Norwegian water for electricity production are dwindling and there are few signs the situation will improve anytime soon as demand continues to roar back from a pandemic-driven lull.

September 28, 2021
Government, Business, Fuel

OPEC+ Can Proceed With Reviving Supply, Key Members Say

OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.

September 21, 2021
Government, Business

China Formally Applies to Join Asian Trade Deal Trump Abandoned

Beijing has applied to join an Asia-Pacific trade pact once pushed by the U.S. as a way to exclude China and solidify American dominance in the region.

September 16, 2021
Business, Technology, Fuel, Autonomous

BYD Profit Falls 30% as Chip, Lithium Shortages Increase Costs

BYD Co., the Chinese electric-vehicle and battery maker backed by Warren Buffett, said first-half earnings fell as shortages of chips and lithium increased costs.

August 27, 2021
Business, Technology, Fuel

Rivian Files for IPO

Rivian Automotive Inc., the maker of electric pickups backed by Amazon .com Inc., has filed for an initial public offering and is seeking a roughly $80 billion valuation, according to people familiar with the matter.

August 27, 2021
Government, Business, Fuel

OPEC+ Expected to Stick to Planned Output Hike

OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble.

August 27, 2021
Business, Safety

More Companies, States Requiring Vaccines of Workers

Vaccine mandates are beginning a march across the U.S., constricting the places that people who have shunned the shots can work, shop and play.

August 25, 2021
Business, Logistics

China Reopens Terminal at World’s Third-Busiest Port

The Meishan terminal at China’s second-busiest port reopened Aug. 25 following a two-week shutdown that further snarled already stressed shipping routes in Asia.

August 25, 2021