Bloomberg Business

Fed’s Daly Says December Dot Plot Still Good Signal for Rates

(Bloomberg) — Federal Reserve Bank of San Francisco President Mary Daly said officials’ December projections for interest rates were still a good signal of where borrowing costs are headed after an impressive jobs report Friday.

Rivian Is Developing an Electric Bike

Rivian Automotive Inc. is developing an electric bike, the chief executive officer told staff, potentially expanding the EV maker’s product lineup.

Record-Breaking Cold Sweeping Into New York, New England

The frigid blast from Canada sweeping into New York and New England is pushing next-day natural gas prices to a 20-year high, threatens to topple records across the region and could put New Hampshire’s Mount Washington in the stratosphere.

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