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WASHINGTON — Chair Jerome Powell indicated May 19 that the Federal Reserve likely will forgo an increase in its benchmark interest rate when it meets in June.

Walmart shares are outshining those of Target as Wall Street anticipates the shopping behemoth’s broad array of household necessities will offer shelter from slowing economic growth.

Ford Motor Co. CEO Jim Farley is sticking with a goal for the company’s money-losing electric vehicle unit to be churning out 2 million models annually in a few years.

Deere & Co. raised its full-year profit forecast amid strong demand for farm equipment and the easing of supply chain woes that have dogged companies since the pandemic.

OMAHA, Neb. — The union that represents railroad engineers finally secured its first deal for paid sick time with Norfolk Southern.

Investigators looking into the collapse of a Pittsburgh bridge want transportation officials nationwide to examine more than 10,000 other bridges with similar construction.

WASHINGTON — A coalition of several dozen groups gathered in the nation’s capital to draw attention to supply chain projects in need of federal support.

The U.S. and Canada announced the creation of the Binational Electric Vehicle Corridor, an 872-mile route that will stretch from Kalamazoo, Mich., to Quebec City, Quebec, and feature fast chargers every 50 miles. 

A Canadian motor carrier plans to file an appeal of an $82 million jury verdict in a fatal crash in Michigan for which it has admitted fault, on grounds primarily related to the amount awarded.

Proposals to ensure efficiency along the nation’s supply chains will be considered by a committee in the U.S. House of Representatives as congressional budget negotiations continue.