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Shorting Maersk stock during a global trade war may seem like a sure bet. But investors who’ve loaded up on the trade since April have so far only been handed big losses.

After a 2.9% gain in 2024, global goods trade will increase by 0.9% this year, the Geneva-based trade body said in a report Aug. 8.

Deliveries of key nutrients to the U.S. have plunged, machinery prices are climbing and crop buyers are limiting purchases amid mounting uncertainty.

RXO's revenue increased 52.6% in the second quarter despite the prolonged soft freight environment, but the company also reported a net loss of $9 million.

Uber and Lyft also get licenses under a new state law that takes effect Sept. 1.

The ability to buy heavy crude at cheap prices is set to improve in the second half of the year as Canadian and Middle Eastern production rebounds.

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Hyroad Energy will buy much of bankrupt truck manufacturer Nikola’s remaining physical assets and all its intellectual property for $3.85 million.

Tesla plans to increase its reliance on external technology partners, including Nvidia, Advanced Micro Devices and Samsung.

“To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,” the company said in a statement.