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
The Arizona Department of Public Safety (AZDPS) Highway Patrol put the brakes on a commercial truck and driver for distracted driving and other violations. On July 4, 2025, a commercial truck was pulled over by the AZDPS Commercial Vehicle Enforcement Team on I-10 near Eloy, Arizona, for “speeding” at 75 m.p.h.According to AZDPS Highway Patrol, ...more
A Chicago man is facing charges in connection with a major cargo theft incident, according to local police. Isadore House, 57, has been charged with Class 1 Felony Theft, according to the Cook County Sheriff’s Office (CCSO) out of Illinois.Isadore House/CCSOPolice launched an investigation in April 2025 after learning that fitness equipment taken during a ...more
A fire at a crude oil facility in Texas on Monday evening involved a tanker truck and prompted an evacuation order for nearby residents. The fire started on Monday, July 7th at about 8:30 p.m. in the 12600 block of Copperhead Road near FM 2038, just south of Highway 21 near Kurten, Texas.According to KBTX3, ...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
