(Daniel Acker/Bloomberg News) Archer-Daniels-Midland Co.’s earnings shrunk to the lowest level since the pandemic as a difficult crop trading market is complicated by mounting trade and biofuel policy uncertainty. Adjusted earnings for the first three months of 2025 slumped 52% from a year earlier to 70 cents a share, making it the worst quarterly result ...more

Stronger tire replacement demand across all regions helped offset lower car production in Europe and North America. (Continental AG) Continental AG more than doubled earnings in the first quarter as its car parts unit slashed costs and tire sales bounced back from weaker levels last year. Adjusted group earnings grew to 586 million euros ($664 ...more

A ship arrives at the Port of Los Angeles in April. (Eric Thayer/Bloomberg) The U.S. trade deficit widened to a record in March as companies rushed to import products as the Trump administration readied sweeping tariffs. The goods and services trade gap grew 14% from the prior month to $140.5 billion, Commerce Department data showed ...more

Congestion Relief Zone signage on Second Avenue in New York. (Michael Nagle/Bloomberg) New York asked a judge to stop the Trump administration from withholding federal approvals or funds in the president’s push to end Manhattan’s congestion pricing program. The request, filed May 5, comes after the state said it had reached an “impasse” in its ...more

Reducing its sales outlook shows how Trump’s tariff policies and related economic worries risk worsening an existing slowdown in EV demand. (Bing Guan/Bloomberg) Rivian Automotive Inc. said full-year deliveries will decline more sharply than it anticipated just a month ago over the risk that consumer worries stoked by President Donald Trump’s trade war will further ...more

Until resolution of court challenges, Wage and Hour field operators will use the guidelines contained in a 2008 “fact sheet” that is considered more favorable to independent operators than the Biden-era rule. (kali9/Getty Images) The Department of Labor has announced it is reviewing the Biden administration’s 2024 worker classification guidance, which directs employers on how ...more

C.H. Robinson reported earnings of $135.3 million for the first quarter compared with $92.9 million in the 2024 period. (C.H. Robinson Worldwide) C.H. Robinson Worldwide experienced a 45.6% surge in earnings off lower revenue during the first quarter of 2025, the company reported April 30. The Eden Prairie, Minn.-based logistics and shipping company posted net ...more

A Cummins diesel engine at the Cummins plant in Seymour, Ind. (Luke Sharrett/Bloomberg) Equipment manufacturer Cummins saw revenue fall in the first quarter of 2025 on the back of weaker on-highway truck sales in both North and South America and broad buyer worry about business trends. Sales of the company’s engines, driveline components and brakes ...more

The vote passed in the House on March 5 and the Senate on May 6. The measure heads to the president’s desk for signing next. (Patrick Semansky/Associated Press) Congress has voted to kill a Biden-era rule requiring rubber tire makers to clean up planet-warming emissions from their manufacturing processes in the U.S. The Environmental Protection ...more

Eaton Center office in Beachwood, Ohio. (Eaton Corp.) Data center and electricity generation construction continued to power Eaton profit and revenue increases in the first quarter of 2025 as the component manufacturer’s vehicles division lagged again. Dublin-based Eaton posted net income of $964 million in the most recent quarter, an increase of 17% compared with ...more