General News
Joby Considers Air Taxi Deal Worth Up to $1 Billion
Joby Aviation is working toward an agreement to sell as many as 200 of its air taxis to a major Saudi Arabian investor in a deal potentially worth as much as $1 billion.
Trump Trade War to Hobble US Growth, OECD Says
U.S. economic growth will slow to 1.6% this year as President Donald Trump’s erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers frozen by uncertainty.
Manufacturing Activity Shrank in May for Third Straight Month
U.S. factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs.
Uber Promotes Company Veteran to Chief Operating Officer
Uber Technologies named longtime executive Andrew Macdonald its first chief operating officer since 2019, part of an executive shake-up that includes the departure of the company’s top delivery leader.
Canada Premiers Pitch Carney on Pipelines, Ports and Mines
Canada’s provincial leaders urged Prime Minister Mark Carney to back new oil pipelines, electricity grids, critical mineral mines, ports and railways at a meeting June 2 meant to identify “nation-building” projects to be fast-tracked.
Group That Won Trade Ruling Wants Tariffs Halted During Appeal
A group of small businesses that won a ruling that most of President Donald Trump’s global tariffs are illegal want them blocked during the administration’s appeal.
Nevada Readies for Daytime Headlights Law for Rural Highways
Nevada is proactively installing road signs three years before a law takes effect that will alert motorists to always turn their headlights on while traveling on rural two-lane highways.
Trump Seeks Xi Call as Rare Earth Clash Escalates
After the U.S. and China agreed to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare earths. And Beijing increasingly appears to have an edge.
US-China Trade Tensions Flare Again as Talks Stall
The Chinese Ministry of Commerce issued a statement June 2 rebuking the U.S. president’s claim that Beijing breached the consensus reached in Geneva in May.
Trump to Roll Back Biden-Era Alaska Oil Drilling Limits
The measure would open new opportunities for oil and gas development in the mammoth National Petroleum Reserve-Alaska, an Indiana-sized parcel in the northwest of the state.
Carney Fights Trump Tariffs With Domestic Trade Push
Prime Minister Mark Carney is pushing to offset the economic pain caused by U.S. President Donald Trump’s tariffs by compelling Canadian provinces to liberalize trade with one another.
Steel and Aluminum Prices Jump on Trump Tariff Move
Futures tracking the prices U.S. manufacturers pay for aluminum and steel surged after President Donald Trump said he will double tariffs on the metals this week.
Trump Tells US Steelworkers He’s Going to Double Tariffs
President Donald Trump told Pennsylvania steelworkers he’s doubling the tariff on imported steel and aluminum to 50% to protect their industry.
Northern US Mayors Call for End to Trade War With Canada
Mayors in states that border Canada are calling for an end to President Donald Trump’s trade war with the country, saying it has harmed businesses and workers in their communities.
DOT Moves to Slash Dozens of Trucking Regulations
While many of the revisions may seem minor, the agency said that in total, the deregulatory package will rescind, withdraw or amend burdensome regulations that do not enhance safety.
Partnerships to Fuel JoyRide's Zero-Emission Ambitions
JoyRide Logistics is setting about building partnerships in its bid to convince shippers to transition from a wholly diesel fleet to zero emissions.
Kenworth Expands Powertrain Options for T680, T880, W990
The truck maker will make powertrains with the Paccar TX-12 PRO automated transmission and Paccar MX-13 engine combination available to T680, T880 and W990 customers.
Virginia Wins $366M Distribution Center in Lego's US Expansion
Virginia has landed a $366 million deal with The Lego Group to build a 2 million-square-foot warehouse and distribution center near Richmond.
Rivian Eyes New Debt Deal
JPMorgan is leading a potential high-yield bond sale for EV manufacturer Rivian Automotive, partly to refinance its upcoming debt, according to people familiar with the transaction.
DOT Pauses Planned Workforce Cuts Due to Litigation
The Department of Transportation said it’s pausing cuts to its workforce while it waits for resolution in pending legal battles over efforts to reduce the size of the federal government.