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Trucking Industry Praises Trump's ā€˜Big Beautiful Bill’

Dozens of freight and trucking stakeholders praised the recently enacted comprehensive tax and budget measure referred to as the ā€œOne Big, Beautiful Bill.ā€

July 9, 2025

Cruise Cuts 101 Employees as GM Winds Down Robotaxi Program

Cruise, the embattled self-driving car subsidiary of GM, has laid off 101 more employees across the Bay Area, marking the latest round of job cuts as the company scales back its robotaxi efforts.

July 9, 2025

Trump’s Trade Blitz Yields Few Deals but Lots of Uncertainty

President Donald Trump's lightning round of global trade negotiations with dozens of countries has yielded two deals, with the U.K. and Vietnam, and a framework for a deal with China.

July 9, 2025

EIA Trims Forecast for 2025 US Crude Oil Output

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.

July 8, 2025

Amazon's Seller Pricing Limits Face Canadian Review

Canada’s competition watchdog secured a court order to help its investigation into whether Amazon is abusing its dominant retail position in the market.

July 8, 2025

Trump Says Powell Should Resign if He Misled Congress

ā€œThen he should resign immediately,ā€ Trump said when asked about the allegations that Powell mischaracterized details about renovations at the Fed’s headquarters.

July 8, 2025

Trump to Impose 50% Copper Tariff, Delay Drug Duties

ā€œI believe the tariff on copper we’re going to make it 50%,ā€ President Donald Trump said when asked by a reporter what the rate on those products would be.

July 8, 2025

Ford Battery Plant Clears Hurdle With Tax Credit Win

A spokesperson said the Michigan facility is on schedule to open next year and will ultimately employ 1,700 workers as the company had projected when it downsized the project in late 2023.

July 8, 2025

Trump Says Aug. 1 Tariff Deadline Won’t Be Extended

President Donald Trump said he would not offer any extensions to a new Aug. 1 deadline for nations to begin paying so-called reciprocal tariffs.

July 8, 2025

Daimler Truck to Double Defense Business, Cut 5,000 Jobs

Daimler Truck said it plans to double the size of its defense business by 2030 as it seeks to profit from higher military spending globally, and will cut 5,000 jobs in Germany.

July 8, 2025