General News
AI Chip Export Drive Stalls Inside Commerce Department
The challenges risk affecting a wider swath of the industry as the Trump administration weighs how to create a more formal approach for chip export control.
DTNA Q1 Sales Decline 24.5% Year Over Year
The North American figures dragged down the worldwide total for parent company Daimler Truck even as European sales increased, the company said.
Federal Court Hears New Case Against Trump's Latest Tariffs
The 10% Section 122 tariffs, which replaced the IEEPA tariffs that the Supreme Court dismissed, are scheduled to expire July 24.
Consumer Sentiment Drops to Record Low
The preliminary April sentiment index slumped to 47.6 from 53.3 in March, according to the University of Michigan data out April 10.
Oil to Test Wartime Highs If Hormuz Standstill Drags
Analysts say resumption of prewar levels by July “might introduce $15- to $20-a-barrel upside risk to prices.”
US Oil Exports to Hit 5M Barrels a Day Amid Global Crunch
Crude shipments for April are already inching toward about 4.9 million barrels a day based on current loadings, up from 3.97 million barrels a day in March.
Spike in Fuel Prices Pushes Inflation Up Sharply
Consumer prices rose 3.3% in March from a year earlier, the Labor Department said April 10. On a monthly basis, prices rose 0.9% in March from February.
Oil Prices Increase Ahead of Planned US-Iran Ceasefire Talks
Oil was up on April 10. Brent crude, the international standard, was 1.8% higher at $97.68 per barrel. Benchmark U.S. crude was up 1.9% to $99.76 a barrel.
USPS Proposes 4-Cent Stamp Increase to 82 Cents
The proposed 4.8% price hike will be reviewed by the Postal Regulatory Commission, an oversight body, and if approved, will go into effect July 12.
Ex-First Brands Officer Says He Was Unaware of Alleged Fraud
“What has happened to the business of First Brands is a tragedy, but the narrative that … this should fall on Patrick James is false,” a spokesperson said.
Third-Generation Volvo Leader Oversees VNR Launch
General Manager Marcus Minkkinen says collaboration, teamwork and problem solving are integral to the company's success.
Class 8 Orders Surge More Than 100% for Second Straight Month
ACT Research preliminary data showed orders jumped 126% from the prior year to 37,200. Sequentially, orders fell 19.5% from 46,200.
Amazon Considers Selling In-House Chips to Other Companies
The disclosure offers a rare glimpse into the scale of Amazon’s in-house chip operation, which produces general-purpose computing and AI accelerators.
Tiny Shipping ETF Becomes Iran War Gauge on 1,300% Rally
Every twist in the Iran war shows up almost instantly in a $65 million exchange-traded fund that most investors have never heard of.
Hormuz Is 'Not Open' as Iran Tries to Formalize Control
Just seven ships, all with a prior link to Iran, were observed making the voyage out of the Persian Gulf. Normal transits in both directions are more like 135 a day.
Project44 Expands AI Strategy With LunaPath.ai Acquisition
Project44 deepened its AI strategy by acquiring LunaPath.ai, bringing execution-focused agent orchestration in-house to improve supply chain outcomes.
Economy Grew at Sluggish 0.5% in Q4 in Downgrade of Estimate
For all of 2025, the economy grew 2.1% last year, slower than 2.8% in 2024 and 2.9% in 2023.
Oil Prices Head Back Toward $100 on Ceasefire Skepticism
Benchmark U.S. crude was 5.4% higher on April 9 at $99.44 a barrel. Brent crude, the international standard, rose 4.1% to $98.70 per barrel.
FedEx Freight Eyes Market Share Gains as Stand-Alone Carrier
FedEx Freight plans to target improved market share among four segments of the less-than-truckload market as a stand-alone entity, according to top executives.
FedEx, Pilots Set Tentative Contract After 5 Years of Talks
FedEx pilots reached a tentative labor agreement with the parcel company, marking a significant step toward resolving nearly five years of negotiations.