Drilling rigs in the U.S. have been declining steadily and are hovering near four-year lows. (Justin Hamel/Bloomberg) The U.S. sees domestic crude output growth slowing more than expected this year as choppy oil prices limit drilling activity. U.S. crude output is now expected to grow by 160,000 barrels a day this year to 13.37 million ...more
The watchdog’s announcement coincides with the beginning of the Amazon Prime Day sales event, which runs from July 8-11. (Jason Alden/Bloomberg) Canada’s competition watchdog secured a court order to help its investigation into whether Amazon.com Inc. is abusing its dominant retail position in the market. The order requires Amazon to produce records relevant to the ...more
“There’s no VIP dining room, there’s no new marble,” Powell said of the Marriner S. Eccles Federal Reserve building in his testimony on June 25. (Al Drago/Bloomberg) President Donald Trump said Jerome Powell should “resign immediately” if allegations from an administration official that the Federal Reserve chair misled lawmakers prove true. Trump reiterated his criticism ...more
Copper futures surged as much as 17% after Trump’s comments, the largest intraday gain in data going back to at least 1988. (Qilai Shen/Bloomberg) President Donald Trump said he planned to implement a 50% rate on copper as part of a set of looming sectoral tariffs, while also indicating he could offer pharmaceutical manufacturers at ...more
The automaker said in a statement July 8 that the battery facility in Marshall, Mich., is “on track to qualify for the production tax credit.” (Andy Morrison/The Detroit News) Ford Motor Co. no longer believes jobs or investment are at risk at the battery plant it’s building in Michigan after President Donald Trump’s $3.4 trillion ...more
The Lucid Air Grand Touring model on its record run. (Lucid Motors) MUNICH — An electric car by U.S. manufacturer Lucid has broken the record for the longest journey off a single charge, traveling from the Swiss city of St Moritz through Austria to the southern German city of Munich. The company said on July ...more
A trucking dog is in desperate need of a new home after she was found in the cab of a semi truck beside her deceased trucker during a welfare check. Misha the German Shepherd was found in the cab of a semi truck parked near a retail store near Houston, Texas during a welfare check ...more
A truck driver says he has “no need to play anymore” after playing the lottery and winning during a night in Maryland. Trucker Clayton Webb had finished making a delivery in Silver Spring, Maryland on July 1st and was staying at a motel in College Park for the night when he walked over to a ...more
Dozens of Pennsylvania law enforcement agencies are partnering for a multiple week driver enforcement effort taking place in the southeastern part of the state now through mid-August. A traffic enforcement effort is taking place in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties from July 7 through August 17, 2025, according to the Pennsylvania Department of ...more
A woman was awarded just over seven million dollars in a lawsuit against a towing company that illegally towed and held her food truck for 699 days. The case began back in 2022, when the woman’s “Crazy Tacos” food truck was towed from an unmarked, abandoned lot in Kansas City, Missouri. “They towed the truck after ...more
