General News
Several Fed officials signal support for higher rates
The record showed participants’ inflation outlooks were “highly uncertain” and the re-escalation of the Iran war “clouded the inflation outlook.”
New Pennsylvania law targets unlicensed CDL schools
Pennsylvania regulators can now impose civil penalties of up to $25,000 on unlicensed commercial driver training schools under a new state law.
U.S. to halve tariffs on Canada steel, aluminum, reports say
The move under discussion would generally halve U.S. tariffs on imports of the two metals, which currently face a 50% rate.
U.S. fuel makers run refineries at fastest pace of Iran war
Refineries processed 17.4 million barrels of crude oil on a daily basis last week, according to EIA. That surpassed any point since September 2019.
U.S. trailer orders rise 97% in July
U.S. trailer orders defied seasonal expectations in July, though the resulting gain from the prior year was against lukewarm results.
Iran risks losing key economic lifeline as UAE halts trade
The UAE acts as a major financial and business hub for Iranians, and has in recent years been the Islamic Republic’s biggest trading partner, with billions of dollars of goods imported.
Lowe’s cuts outlook as soft housing market curbs demand
Comparable sales, which measure results at locations open at least a year, grew 0.2% in the second quarter, missing the average of estimates compiled by Bloomberg.
JBS seeks rest of Pilgrim’s Pride stake in $1.2 billion deal
Consumer demand for chicken has continued to grow, making the sector a more lucrative one for U.S. meatpacking operations that have been losing money in the beef market.
Target sales rebound as shoppers respond to new merchandise
Target is emerging from more than a year of weak comparable sales. A 5.6% jump in the first quarter offset a 3.8% decline in 2025.
Amazon to expand drone delivery to 500 cities
Customers could receive the drone deliveries in as fast as 30 minutes, Amazon said in a news release. The drones can carry packages up to 5 pounds.
Trump to delay 50% tariffs on Canadian goods for 3 days
The announcement buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies.
Oil prices climb with no change over Strait of Hormuz
Brent crude, which was trading for around $70 per barrel before the start of the war, gained 1% to $91.91 per barrel early Aug. 19.
July medium-duty truck sales increase on Class 6 strength
U.S. medium-duty truck sales gained momentum in July due largely to a jump in the Class 6 market, which showed a 39.4% year-over-year increase.
Mexico weighs China duties amid trade pact review
Mexico’s economy and finance ministries are evaluating which products not currently covered by a bilateral trade deal might face new duties.
Trump team downplays prospects for Canada tariff deal
The U.S. has signaled privately that the chances of a deal on Aug. 18 are a coin flip or worse, said the sources, who spoke on condition of anonymity.
Starwood team lends $672M for outdoor U.S. storage lots
Investors have been drawn to outdoor storage properties, which are an increasingly important link in the global supply chain as e-commerce grows and customers expect quicker deliveries.
Diesel margins top $100 a barrel to reach record high
A near-perfect storm of factors has coalesced to raise prices, threatening a winter of higher heating bills and inflationary shocks.
July tonnage dips as choppy conditions continue
American Trucking Associations' For-Hire Truck Tonnage Index also showed that tonnage was up 1.4% during the first seven months of the year compared with 2025.
Target's approach toward groceries veers from bigger Walmart
Target is expanding the size of the grocery section by more than 20% in nearly 150 remodeled stores and more than 50% in 300 new locations, carving out additional space for fresh produce and trendy items.
Small projects lift Home Depot quarterly sales
Home Depot also announced Aug. 18 that it is launching express delivery nationwide. The service will get orders to customers within three hours or less. It will be available for a small flat fee in the U.S.