Two ex-Volkswagen engineers denied charges they made a combined $300,000 trading on secret information about the carmaker’s planned $5 billion joint venture with EV maker Rivian.

Oil supplies increased by 1.16 million barrels a day in July to an average of 19.44 million barrels a day, with the three Persian Gulf nations accounting for almost all of the gains.

As the conflict has dragged on, high oil prices have driven up the cost of gasoline, jet fuel and diesel, which has led to higher shipping costs.

Any agreement formalizing Iran’s control of the strait would mark a significant strategic victory for Tehran. For that reason, the U.S. could seek to block the deal by refusing to lift the blockade.

New CEO Meg O’Neill stepped up efforts to streamline the business and rebuild investor confidence after years of underperformance.

Crude prices are down dramatically from their peak earlier this year, but fuel prices have remained elevated.

Brent crude fell 4.2% to $80.29 a barrel. A day earlier, oil prices dropped more than 5% after President Donald Trump said he had decided to hold off on new strikes against Iran.

The Japanese automaker recorded a $9.4 billion net profit in the April-June period. Quarterly sales rose 10% year on year.

The gap in goods and services trade in June shrank 5.6% from the prior month to $73.3 billion, Commerce Department data showed Aug. 4. 

The construction industries business that makes the firm’s signature yellow construction machinery increased sales 35% as dealers stocked up on equipment.

Insufficient commercial truck parking remains a problem in the trucking industry, but some fleets are starting to turn that pain point into a retention tool.

Government funding and private sector investment are both playing a role in the trucking industry’s efforts to alleviate the truck parking shortage.

Schneider executives expect ongoing driver capacity reductions to further spur momentum through the second half of 2026.

A group of U.S. states filed a lawsuit challenging President Trump’s new global tariffs that went into effect last month.

Saia reported an OR of 86.9 in the second quarter of 2026, compared with 87.8 in the same period 12 months earlier. The firm's OR also improved sequentially.

The farm machinery sector is primed for a rebound in 2027 as the current fleet ages and prompts growers to upgrade, according to tractor maker CNH Industrial.

Work has already begun on some of the reliability testing for third-generation hardware components, Aurora CEO Chris Urmson said during the Q2 earnings call.

President Trump scolded ExxonMobil and Chevron for their soaring profits, as oil prices surged amid the war in Iran he launched in February alongside Israel. 

President Trump, who called the Iranian leadership “incredibly duplicitous,” said talks had taken place and more are scheduled, without providing any details.

The manufacturing sector has gained momentum this year, with factories benefitting from resilient consumer demand, solid business investment and government outlays on defense.