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A fund controlled by a unit of Jefferies Financial Group sunk nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group.

Tyson Foods, JBS and Cargill have leaned on poultry profits to cushion losses at their beef businesses, which have been impacted by the worst U.S. cattle shortage in decades.

The facility is expected to open in 2027, and will ship large items to consumers, sometimes for next-day delivery.

Called Amazon Grocery, the new offering includes dairy, fresh produce and meat, the company said Oct. 1. The new brand will be available online and at Amazon Fresh stores.

The company counts TPG, Amazon.com and General Electric among investors with 5% or greater stakes.

CSX named Steve Angel as its new CEO as the railroad faces pressure from an activist investor and rising competitive challenges.

The company expects non-restaurant deliveries to hit an annual run rate of $12.5 billion in gross bookings by the end of 2025,  25% more than the $10 billion run rate it shared in May.

Costco Wholesale Corp. reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value.

Amazon will pay $1 billion in civil penalties and will refund $1.5 billion to customers to resolve allegations that it misled millions into signing up for Prime and then made it hard to cancel.

The exemption Zoox is seeking would allow the company to operate as many as 2,500 self-driving cars on U.S. roads.