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Trump touts rollback of fuel standards. Here’s why it ā€˜won’t suddenly make cars cheaper.’

Under the Biden-era rules, carmakers would have needed to achieve a fuel-efficiency standard of about 50 miles to a gallon of gas by 2031.

Under the Biden-era rules, carmakers would have needed to achieve a fuel-efficiency standard of about 50 miles to a gallon of gas by 2031. Trump’s proposal would lower that requirement to 34.5 miles to the gallon.
MarketWatch - Top Stories • Dec 3, 9:29 PM
REG

US, Congo Eye Minerals Pact Amid Push for Peace Deal with Rwanda

The Democratic Republic of Congo aims to sign a minerals and infrastructure partnership with the Trump administration on Thursday as part of a series of deals targeted at ending a long-running conflict in the eastern part of the resource-rich African nation.

The Democratic Republic of Congo aims to sign a minerals and infrastructure partnership with the Trump administration on Thursday as part of a series of deals targeted at ending a long-running conflict in the eastern part of the resource-rich African nation.
Bloomberg Politics • Dec 3, 9:25 PM
REG

US, Congo Eye Minerals Pact Amid Peace Deal With Rwanda

The Democratic Republic of Congo aims to sign a minerals and infrastructure partnership with the Trump administration on Thursday as part of a series of deals targeted at ending a long-running conflict in the eastern part of the resource-rich African nation.

The Democratic Republic of Congo aims to sign a minerals and infrastructure partnership with the Trump administration on Thursday as part of a series of deals targeted at ending a long-running conflict in the eastern part of the resource-rich African nation.
Bloomberg Politics • Dec 3, 9:25 PM
CAP

IMF Zambia Mission Chief Set to Move to Role Overseeing Senegal

The International Monetary Fund’s head of mission to Zambia is set to take up the same role for Senegal early next year, overseeing a country facing a financial crunch after uncovering billions of previously undisclosed state borrowing.

The International Monetary Fund’s head of mission to Zambia is set to take up the same role for Senegal early next year, overseeing a country facing a financial crunch after uncovering billions of previously undisclosed state borrowing.
Bloomberg Markets • Dec 3, 9:22 PM
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Trump Unwinds Biden-Era Rules for Gas Mileage

President Donald Trump unveils a plan to relax Biden-era fuel efficiency standards.

President Donald Trump unveils a plan to relax Biden-era fuel efficiency standards. He calls them expensive and burdensome. ā€œToday my administration is taking historic action to lower costs for American consumers, protect American auto jobs and make buying a car much more affordable for countless American families — and also safer,ā€ Trump said in an Oval Office event Wednesday with representatives from Detroit’s major automakers. The old rules said vehicles needed a fuel economy of...
Bloomberg Politics • Dec 3, 9:21 PM
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Republican Van Epps Wins Close Tennessee US House Race

Republican Matt Van Epps wins a special election in Tennessee and will take over a coveted US House seat.

Republican Matt Van Epps wins a special election in Tennessee and will take over a coveted US House seat. The Trump-backed Republican candidate led by about nine points with more than 95% of the vote counted. But Democrats made a strong showing in the district that Trump won in 2024 by roughly 22 percentage points. Out political panel discusses the results on "Balance of Power." (Source: Bloomberg)
Bloomberg Politics • Dec 3, 9:07 PM
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Trump Outlines Plan to Unwind Biden-Era Car Mileage Mandates

President Donald Trump is unveiling his administration’s plan to relax stringent Biden-era fuel efficiency standards, with the administration casting the change as a way to lower consumer costs.

President Donald Trump is unveiling his administration’s plan to relax stringent Biden-era fuel efficiency standards, with the administration casting the change as a way to lower consumer costs.
Bloomberg Politics • Dec 3, 7:30 PM
CAP

US Consumers Want Full Fuel Efficiency: Edmunds's Caldwell

As the Trump admin poised to undo Biden-era fuel efficiency standards, Jessica Caldwell, Head of Insights of Edmunds warns the US risks falling behind as the rest of the world races toward cleaner, more advanced cars.

As the Trump admin poised to undo Biden-era fuel efficiency standards, Jessica Caldwell, Head of Insights of Edmunds warns the US risks falling behind as the rest of the world races toward cleaner, more advanced cars. She emphasizes that rolling back fuel-efficiency standards could leave American drivers with fewer tech-forward options on "Bloomberg Markets" with Vonnie Quinn. (Source: Bloomberg)
Bloomberg Markets • Dec 3, 7:20 PM
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Trump’s Chile Ambassador Met With Leftist Presidential Candidate Jeannette Jara

Chile’s leftist presidential candidate Jeannette Jara met with US head of state Donald Trump’s ambassador to the Latin American nation, the diplomat said on Wednesday following tensions between both nations.

Chile’s leftist presidential candidate Jeannette Jara met with US head of state Donald Trump’s ambassador to the Latin American nation, the diplomat said on Wednesday following tensions between both nations.
Bloomberg Politics • Dec 3, 7:19 PM
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Fears of Private Credit Are Based on Four Myths: Marc Rowan

Apollo CEO Marc Rowan writes some media reports fail to note some facts about private credit, as fears build around the asset class.

Apollo CEO Marc Rowan writes some media reports fail to note some facts about private credit, as fears build around the asset class. Bloomberg Chief Wall Street Correspondent Sridhar Natarajan goes over Rowan's so-called myths on "Bloomberg Markets" with Vonnie Quinn. (Source: Bloomberg)
Bloomberg Markets • Dec 3, 7:18 PM
REG

Hegseth Denies Watching Second Sept. 2 Strike

Jane Harman, Former Democratic Congresswoman from California and former Ranking Member of the House Intelligence Committee says she would be "raising hell" over the Venezuela strikes and Congress is "on trial.

Jane Harman, Former Democratic Congresswoman from California and former Ranking Member of the House Intelligence Committee says she would be "raising hell" over the Venezuela strikes and Congress is "on trial." Defense Secretary Pete Hegseth said he wasn’t watching when a top US admiral ordered a second strike on an alleged drug-running boat on Sept. 2, further distancing himself from an attack that has drawn bipartisan scrutiny and prompted accusations of possible war crimes. Speaking...
Bloomberg Politics • Dec 3, 7:17 PM