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OPEC+ Throws ‘Bombshell to the Oil Market’

OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging.

May 5, 2025

Congestion Pricing Fight With DOT at Impasse, New York Says

New York is poised to seek an immediate court order in its lawsuit to protect its congestion pricing program from the Trump administration's push to shut it down.

May 2, 2025

US Won’t Move Forward With Billions in Biden-Era Energy Loans

Energy Secretary Chris Wright said DOE doesn’t plan to move forward with billions of dollars' worth of Biden-era loans as the Trump administration reviews DOE's $400 billion green bank.

May 2, 2025

New $270M JFK Airport Cargo Center to Lower Truck Congestion

The Port Authority of New York and New Jersey opened a $270 million consolidated cargo handling center at JFK airport to lessen truck congestion and boost high-value cargo handling.

May 2, 2025

China Says It’s Evaluating US Overtures for Trade Talks

China’s Commerce Ministry said May 2 that Beijing is evaluating multiple approaches by the Trump administration for trade talks, but steep tariffs imposed by Washington must go.

May 2, 2025

GM Cuts Workers at Canada Truck Plant, Citing Trade Turmoil

A General Motors assembly plant in Canada that makes pickup trucks mostly for export to the U.S. will cut down to two shifts from three because of the “evolving trade environment.â€

May 2, 2025

Small-Package Tariff Exemption Ends Today

Small-value packages shipped to the U.S. from China will no longer be exempted from tariffs starting May 2, when President Donald Trump’s move against the de minimis exemption takes effect.

May 2, 2025

Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges

Chevron and Exxon report earnings after oil prices tumble, indicating that President Donald Trump’s trade war is hurting a key U.S. industry he pledged to help.

May 2, 2025

Employers Added a Surprising 177,000 Jobs in April

Employers added a better-than-expected 177,000 jobs in April, with transportation and warehousing adding 29,000 in a sign that companies may have been stocking up on imports before tariffs.

May 2, 2025

Port Leaders Warn Tariffs to Bring ‘Radical Uncertainty’

Leaders of West Coast ports warned that a sharp drop in ship traffic tied to President Donald Trump’s tariffs on Chinese goods will threaten jobs, raise prices and ripple through the economy.

May 2, 2025