The gap between oil and gas has narrowed over the past decade as the shale revolution has supercharged natural gas production. (Mark Felix/Bloomberg) July 2, 2026 3:08 pm, EDT key takeaways: Natural gas is set to overtake petroleum as the top US energy source by 2030, with the gap nearly closing in 2025. Amid shale
Beijing and Washington have also set a broader goal of expanding two-way agricultural trade. (Ben Brewer/Bloomberg) July 2, 2026 9:35 am, EDT key takeaways: China and the US agreed in principle to include agricultural products in a mutual tariff reduction framework. China said the two countries aim to expand two-way agricultural trade based on market
In April, Trump appointed Sonderling as acting Secretary of Labor, promoting him from deputy secretary. (Al Drago/Bloomberg) July 2, 2026 1:11 pm, EDT key takeaways: President Donald Trump nominated acting Labor Secretary Keith Sonderling on June 29, receiving an endorsement from the American Trucking Association. ATA said Sonderling’s labor policy approach makes sense for the
Jiang Li said, “Processing is not the bottleneck, but mining is.” (Qilai Shen/Bloomberg) July 2, 2026 10:21 am, EDT key takeaways: CATL is prioritizing mining as it works to secure raw materials for electric vehicle batteries. Vice President Jiang Li said that processing is not the bottleneck, but mining is. CATL is pursuing sodium-ion batteries
“A wave of oil is about to enter the market,” said Natasha Kanaeva, head of commodity research at JPMorgan Chase & Co. (Elke Scolliers/Getty Images via Bloomberg) July 2, 2026 10:36 am, EDT key takeaways: Oil fell below pre-war levels after Saudi Arabia resumed crude exports from its Ras Tanura terminal at normal rates. UAE
The delivery figure exceeded the average estimate of 396,466 vehicles compiled by Bloomberg. (David Paul Morris/Bloomberg) July 2, 2026 9:49 am, EDT key takeaways: Tesla delivered 480,126 vehicles worldwide in the second quarter, exceeding the Bloomberg average estimate of 396,466. Deliveries increased 25% from a year ago, when Tesla faced consumer backlash against CEO Elon
Server farms require lots of concrete and steel, both of which require abundant energy to produce. (Lexi Critchett/Bloomberg) July 1, 2026 2:40 PM, EDT key takeaways: Amazon.com Inc. emit the equivalent of about 81 million metric tons of carbon dioxide in 2025. The company said emissions would increase by 16% from 2024 and 58% from
The potential disruption and wider economic impacts are severe. (Justin Hamel/Bloomberg) July 1, 2026 1:42 pm, EDT key takeaways: The US declined to renew the USMCA on July 1, opting for an annual review instead, extending the trade agreement for 16 years. The decision creates uncertainty for North American supply chains, with intra-regional trade set
A worker assembles industrial fans at a manufacturing facility in Lexington, Ky. (Ty Wright/Bloomberg) July 1, 2026 9:50 am, EDT key takeaways: US private sector payrolls increased by 98,000 in June after an increase of 122,000 in the previous month. Education and health services accounted for almost half of the hiring gains. According to ADP,
Transactions involving “ghost carriers” are increasingly emerging on online marketplaces and social media. (AI assisted transportation topic) July 1, 2026 11:04 pm, EDT key takeaways: Fraud now plays a role in approximately 45% of cargo theft cases, often involving impersonation of legitimate carriers. Standard broker vetting checks may miss identity acquisition because authorization, insurance and