Total used Class 8 truck sales in 2025 are off about 10% compared to 2024. (Palmer Truck Sales via Facebook) Used Class 8 truck sales increased on a year-over-year basis in April, while prices once again declined, with market conditions continuing to be slower, ACT Research reported. Sales volume increased 3.5% to 23,600 units from ...more
(cbarnesphotography/Getty Images) WASHINGTON — President Donald Trump said his conversation with Chinese leader Xi Jinping had a “very positive conclusion” on June 5, announcing that the two countries will hold trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals. It was the first call between the two ...more
P&G manufactures Tide detergent. (Steve Helber/file/AP) Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, over the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy. The job cuts, announced at the ...more
The 2026 Ram 1500 is available with a Hemi V8 engine. (Ram Trucks) Ram is putting the Hemi V8 engine back in its light-duty pickup trucks, part of a blitz of changes from brand head Tim Kuniskis to claw back lost share in the hyper-competitive U.S. truck market. Under Stellantis NV’s previous chief executive, Carlos ...more
A worker at the Bayport Container Terminal at the port of Houston in Seabrook, Texas. (Callaghan O'Hare/Bloomberg) The U.S. trade deficit narrowed in April by the most on record on the largest-ever plunge in imports, illustrating an abrupt end to the massive front-loading of goods by some companies ahead of higher tariffs. The gap in ...more
Xi Jinping. (Pool/Getty Images) WASHINGTON — President Donald Trump and his Chinese counterpart, Xi Jinping, have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade. The discussion on June 5 followed Trump suggesting it was tough to reach a deal with Xi. “I like President XI of China, always have, ...more
Shoppers at a Walmart store in Secaucus, N.J. Some prices won’t change, thanks in part to production moves and some suppliers changing materials to mitigate tariffs. (Gabby Jones/Bloomberg News) Walmart Inc. said it will continue to communicate the impact of tariffs with investors, consumers and policymakers after President Donald Trump criticized the retailer’s plans to ...more
Elon Musk and Donald Trump in the Oval Office in February. (Aaron Schwartz/Bloomberg News) Tesla Inc.’s shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people. Trump on June 5 said that he was “very disappointed” by the Tesla ...more
The world’s largest retailer will start offering drone service at 100 stores across Charlotte, N.C.; Tampa and Orlando, Fla.; Atlanta; and Houston. (Walmart via X) Walmart Inc. is adding drone delivery in five new cities in a bid to expand online sales and get goods to shoppers faster. The world’s largest retailer will start offering ...more
President Donald Trump at the U.S. Steel Irvin Works facility in West Mifflin, Pa., on May 30. The U.S. Steel-Nippon Steel combination package is to include an investment of $2.2 billion into the facility. (Rebecca Droke/Bloomberg News) Nippon Steel Corp. and United States Steel Corp. are on pace to finalize their $14.1 billion combination with ...more
