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Updated: 2 hours 28 min ago

US Sent Letters to Trade Partners Ahead of Tariff Deadline

Tue, 06/03/2025 - 13:06
The Office of the U.S. Trade Representative has sent letters to trading partners to remind them of an upcoming deadline in tariff negotiations, according to the White House.

Toyota Group to Privatize Toyota Industries for $33 Billion

Tue, 06/03/2025 - 12:19
The Toyota group’s proposal to privatize Toyota Industries is drawing criticism from investors and analysts, who argue the $33 billion deal significantly undervalues the company.

OPEC Raises Oil Output as Group Begins Bumper Set of Hikes

Tue, 06/03/2025 - 11:09
OPEC raised oil production last month as the group began a series of accelerated increases spurred by Saudi Arabia, according to a Bloomberg survey.

Reservation System at Ports Cuts Ship Emissions by Up to 24%

Tue, 06/03/2025 - 10:40
Researchers have calculated that the containership reservation system at the ports of Los Angeles and Long Beach is paying a climate dividend.

Diesel Price Down 3.6¢ to $3.451 a Gallon

Tue, 06/03/2025 - 09:58
The national average price for a gallon of diesel dropped 3.6 cents to $3.451, according to U.S. Energy Information Administration data released June 3.

Trucks in China Make Switch From Diesel to Electric

Tue, 06/03/2025 - 09:02
More and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy.

Joby Considers Air Taxi Deal Worth Up to $1 Billion

Tue, 06/03/2025 - 08:39
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

Tue, 06/03/2025 - 08:06
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

Tue, 06/03/2025 - 06:00
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

Mon, 06/02/2025 - 16:09
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

Mon, 06/02/2025 - 15:18
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

Mon, 06/02/2025 - 14:28
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

Mon, 06/02/2025 - 12:23
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

Mon, 06/02/2025 - 10:08
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

Mon, 06/02/2025 - 09:26
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

Mon, 06/02/2025 - 09:05
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

Mon, 06/02/2025 - 08:39
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

Mon, 06/02/2025 - 08:13
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

Sat, 05/31/2025 - 15:30
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

Fri, 05/30/2025 - 16:47
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.

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