SMALL BUSINESS

The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic, leaving American consumers beset by surging gasoline costs.

Russia’s invasion of Ukraine caused many people to rethink their travel plans, but some of the top industry executives are still expecting one of the best summer seasons ever after more than two years of pent-up demand.

In the annals of controversial startup founders, there’s a special place for the likes of Uber’s Travis Kalanick and WeWork’s Adam Neumann. Now, India’s Ashneer Grover could join their ranks.

A U.S. unit of Siemens AG is launching a program to provide $100 million of loans to small and midsized businesses looking to cut their carbon emissions, as bigger companies increasingly pressure their smaller suppliers to cut greenhouse gases.

Mexico Senate majority leader Ricardo Monreal is working on a bill that would pressure banks to make cheap loans to small and medium-size businesses as part of efforts to revive the country’s stalled economic recovery.

Mexico Senate majority leader Ricardo Monreal is working on a bill that would pressure banks to make cheap loans to small and medium-size businesses as part of efforts to revive the country’s stalled economic recovery.

The House is set to vote Wednesday on a long-delayed $1.5 trillion spending bill that would fund the U.S. government through the rest of the fiscal year and provide $13.6 billion to respond to Russia’s invasion of Ukraine.

The Pentagon is reviewing whether to end increased progress payments to defense contractors, a policy started two years ago to buffer the impact of Covid-19 on subcontractors. Under the program, $6.7 billion was expedited through December.

Inflation is the single-most important problem plaguing U.S. small businesses, dragging down a gauge of sentiment among owners to the lowest in more than a year.

Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

Hong Kong reported more than 52,000 confirmed virus cases Friday, as the financial hub grapples with its worst ever outbreak.

The bill would extend protections of Family and Medical Leave Act to part-time workers and employees of small businesses. 

Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

U.S. companies in February added more jobs than forecast as Covid-19 cases dropped and restrictions eased, encouraging more Americans to work.

Elon Musk’s Boring Co. has hit a snag in an attempt to construct an 80,000-square-foot manufacturing facility just east of Austin, Texas.

On one street in Northern Virginia, three dry cleaners have closed during the pandemic, an omen of what may be to come for an industry filled with independent, immigrant-run storefronts.

Small businesses push to reform the powerful nonprofit organization that runs Georgetown business improvement district (BID). Critics say the BID has operated for too long without transparency and accountability and has offered a questionable return on the taxes members must pay into it.

So-called “blank-check” companies have skyrocketed in popularity in recent years, but they’ve also drawn regulatory scrutiny and the ire of scorned investors.