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Exxon to Cut 2,000 Workers as Oil Sector Job Losses Mount

Chevron, ConocoPhillips and BP are among major oil companies that announced thousands of job cuts in recent months as crude prices fell this year in response to increased supplies from OPEC.

September 30, 2025

Trump Sets 10% Lumber, Wood Tariffs in Bid to Lift US Industry

President Donald Trump ordered 10% tariffs on imports of softwood timber and lumber as well as 25% levies on kitchen cabinets, vanities and upholstered wood products.

September 30, 2025

Federal Shutdown Plans Stop Short of Job Reductions

At least eight cabinet departments comprising more than two-thirds of the federal workforce had detailed their shutdown plans by the afternoon of Sept. 29.

September 29, 2025

Government Shutdown Threatens Key Economic Data

Many federal operations will pause and nonessential employees will be furloughed or fired if lawmakers can’t reach an agreement by the time the current fiscal year ends on Sept. 30.

September 29, 2025

US Tightens Export Controls on Chinese Subsidiaries

A long-awaited rule published Sept. 29 by the Commerce Department seeks to prevent sanctioned companies from using affiliates to access restricted U.S. goods. 

September 29, 2025

Auto Parts Maker First Brands Files for Bankruptcy

The filing caps weeks of turmoil sparked by creditor concern over the auto supplier’s use of opaque off-balance sheet financing.

September 29, 2025

Perspective: How Trailer Telematics Can Benefit Leasing Firms

For trailer leasing companies, there's an opportunity to generate new revenue streams and make better, data-driven decisions through the use of trailer telematics.

September 29, 2025

UP-Norfolk Southern Deal Boosts Rare $1 Trillion M&A Market

Global deal values have topped $1 trillion in a third quarter for only the second time ever, thanks to transactions like the Sept. 29 $55 billion take-private of video game maker Electronic Arts.

September 29, 2025

Here’s What DOT’s Emergency CDL Ruling Means for Trucking

“The process for issuing these licenses is absolutely 100% broken," Sean Duffy said. "It has become a threat to public safety and it is a national emergency that requires action right now.â€

September 29, 2025

Electric Aircraft Firm Beta Technologies Files for US IPO

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

September 29, 2025