General News
Rebounding Target reorganizes strategy team, cuts some roles
Target is reorganizing its strategy team in the latest move to simplify the company’s structure and improve efficiency under new CEO Michael Fiddelke.
JBS drops Scope 3 emissions targets from climate plan
JBS is stepping back from a 2040 net-zero emissions goal, dropping targets for the indirect emissions that make up the bulk of its environmental footprint.
Overseas demand strains U.S. fuel reserves amid Iran conflict
Unprecedented overseas demand for U.S. diesel, propane and other fuels is straining commercial reserves from the Gulf Coast to the Eastern Seaboard.
FedEx Supply Chain deal marks critical step in larger strategy
FedEx's sale of its supply chain business may have limited immediate impact, but experts say it represents a key step in the company’s transformation strategy.
DTNA Q2 sales climb 8% in first year-on-year rise since Q3 '24
DTNA's sales of trucks and buses rose 8% year over year in the second quarter of 2026, the first increase compared with a year-ago period in six quarters.
Switzerland sees ‘good chance’ for 15% tariff deal with U.S.
Switzerland is in a delicate phase of negotiations with the U.S. as it seeks to secure a permanent deal to provide exporters with a more predictable trading landscape.
Shipowners weigh Hormuz risks as U.S.-Iran deal crumbles
The risk of a return to all-out war appeared to be rising on July 8, with Trump warning that the U.S. would probably launch further strikes on Iran.
China makes biggest U.S. soybean purchase since 2023
The U.S. Department of Agriculture on July 8 reported sales of 472,000 metric tons of soybeans for delivery to China.
Used Class 8 truck sales lose ground in May
ACT Research said sales rose 5.3% to 23,800 units from 22,600 a year earlier, but slipped 4.4% sequentially from 24,900 units.
ATA anticipates NOx proposed rulemaking from EPA
EPA is expected to release a draft of its long-awaited notice of proposed rulemaking on changes to NOx tailpipe emissions this week, according to ATA.
IMF expects world economy to grow a sluggish 3% this year
The IMF expects the U.S. economy — the world's largest — to grow a solid 2.3% this year, up from 2.1% in 2025 and unchanged from the April forecast.
Trump renews call to end trade with ‘terrible partner’ Spain
The president cited Spain's lack of support for the war in Iran and what he described as its failure to meet NATO commitments.
VW faces defining test as CEO pushes for deep cost cuts
Management is arguing the automaker needs an all-hands overhaul, including a carve-out of the VW brand, to withstand mounting competition from Chinese rivals.
U.S. airlines’ monthly fuel spending in May leaps 84%
The higher year-over-year spending has been driven mostly by pricier jet fuel rather than a significant increase in how much of it airlines consumed.
Oil prices jump after Trump says Iran ceasefire is 'over'
The price of Brent crude oil jumped 6.3% to $78.80 a barrel. U.S. benchmark crude surged 6.4% to $75 a barrel.
Paccar, Cummins roll out DEF derate software updates
Cummins and Paccar are rolling out software updates tied to revised EPA guidance on DEF inducement. The changes aim to improve uptime and maintain missions compliance.
How did the New World screwworm get into the United States?
As the deadly New World screwworm spreads through Texas, posing significant risk to the U.S. cattle herd, experts are still wondering how it got there.
Treasury revokes waiver for Iranian oil sales
The U.S. Treasury Department revoked a waiver that allowed the sale of Iranian oil in response to attacks on tankers in the Strait of Hormuz.
Trucking coalition seeks federal marijuana test plan
A two-page letter outlined precautions the government agencies should take as the DEA prepares to downgrade marijuana’s Schedule I classification.
Latest Amazon bond demand cools after March debt sale
When Amazon sold its biggest-ever bond earlier this year, it was inundated with investor orders amid hype about the AI boom. This time around, there’s less fanfare.