Police arrested eight people in connection with a Florida Department of Motor Vehicles (DMV) bribery scheme. On June 12, the Bay County Sheriff’s Office (BCSO) announced the arrest of the following eight individuals in connection with a scheme to provide driver’s licenses to unqualified applicants.Bancelie Velazco, 37, on nine counts of DMV Employee Issue Unlawful ...more

Interstate 20 was reopened in South Carolina less than two days after a tanker truck fire caused a bridge to collapse.  The crash happened on Saturday, June 14th at around 4 a.m. on I-20 near mile marker 13. The Interstate was reopened on Sunday afternoon after a night of construction work by contractors. According to Fox ...more

A motorist who reportedly tried to climb onto a semi truck was killed after being run over in rush hour traffic in Kansas City, Missouri. The Kansas City Missouri Police Department responded to a reported accident around 3:15 p.m. on Friday, June 13, according to KCTV5.Police say that a man was driving a black GMC ...more

Rescue workers survey the damage to buildings following Israeli airstrikes in Tehran on June 13. (Majid Saeedi/Bloomberg) Israel’s overnight airstrikes on Iran drove up freight rates and tanker stocks June 13 as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet. Forward freight agreements for July ...more

Ford idled its Explorer sport utility vehicle factory in Chicago for a week last month due to a shortage of rare earth materials. (Ford Motor Co.) Ford Motor Co. continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its ...more

A Phillips 66 renewable fuels refinery in Rodeo, Calif. (David Paul Morris/Bloomberg) The Trump administration is proposing oil refiners blend more biofuels into gasoline and diesel next year while seeking to discourage the use of imported supplies. The plan being unveiled by the Environmental Protection Agency on June 13 would require refiners to mix a ...more

(Chris Ratcliffe/Bloomberg News) Amazon.com Inc. and Walmart Inc. are among large multinational companies that have recently discussed issuing their own stablecoins in the U.S., the Wall Street Journal reported, citing unidentified people. Expedia Group Inc. and airlines have held similar deliberations, the WSJ said. Stablecoins are crypto tokens typically pegged to a currency like the ...more

The JBS Beef Production Facility in Greeley, Colo. (Michael Ciaglo/Bloomberg) Brazilian meat giant JBS expects its shares to begin trading June 13 on the New York Stock Exchange. Trading in New York is a long-held goal for JBS, which was founded 72 years ago and is now one of the world’s largest meat companies. Half ...more

For now at least, most traders are viewing current events through the lens of recent history. (Ali Mohammadi/Bloomberg) The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil supplies. The barrage of headlines has revived memories of the political upheavals ...more

“It’s very slow here seasonally,” Seroka said. (Eric Thayer/Bloomberg) Import volume through the busiest trade hub in the U.S. fell 19% from the month before, a fallout from President Donald Trump’s tariffs. “It’s very slow here seasonally,” Port of Los Angeles Executive Director Gene Seroka told reporters June 13. Seroka warned that U.S. businesses are ...more