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Economy Falls 0.2% in First Quarter

The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business.

May 29, 2025

Farmers Press for Biofuels Boost to Counter Tariff Losses

After losing their biggest export market, U.S. farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage.

May 29, 2025

Chevron Plans 200 Layoffs in Permian Basin

Chevron plans to lay off 200 employees in the Permian Basin, less than the 800 previously reported by the Texas Workforce Commission, the company said May 29. 

May 29, 2025

Trade Court Blocks Most Trump Tariffs, Ruling They're Illegal

A federal court blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency powers law, swiftly throwing into doubt Trump’s signature set of economic policies.

May 29, 2025

Tesla Targets June 12 Rollout of Robotaxi Service in Austin

Tesla is poised to begin its long-awaited robotaxi service in Austin, Texas, on June 12, according to a person familiar with the matter.

May 28, 2025

DHL Flies 17 Endangered Mountain Bongo Antelopes to Kenya

DHL Express transported 17 endangered mountain bongo antelopes from Florida to a conservation site in Kenya, the company announced in the spring.

May 28, 2025

DOT Nominees Await Senate Consideration for FRA, FTA Posts

David Fink and Marc Molinarlo, nominees for top posts at two Department of Transportation agencies, await consideration before the Senate.

May 28, 2025

Suitors Line Up for BP’s Castrol Unit

BP's Castrol lubricant business is attracting interest from Reliance Industries, Apollo Global Management and Lone Star Funds, as well as Saudi Aramco.

May 28, 2025

Canada Confirms No Duty Laws Broken in Vietnam Chassis Case

The assessment confirmed an April 9 preliminary ruling by the CBSA, which took into account comments and responses submitted by the main parties.

May 28, 2025