A man wanted for the stabbing of a woman drove his semi truck off of a bridge during his escape attempt while fleeing police. The incident began when police were called to an apartment in the 11000 block of Legen Avenue on Sunday at 7:55 a.m. near Wauwatosa, Wisconsin. According to Fox 32, police arrived to ...more
A truck driver managed to keep his truck grinding against a concrete barrier instead of crashing into more vehicles after knocking into several other semi trucks in a construction zone. In the video, the red semi truck appears to knock into at least one other tractor trailer before veering almost out of control in a ...more
The family of a truck driver forced to leap from his semi truck as it dangled off of Interstate 65 is asking for help with expenses during his “long and difficult recovery.” The accident happened on June 13th on Interstate 65 at Spaghetti Junction in Louisville, Kentucky. According to WAVE 3, the semi truck was on ...more
Oil Tanker Market Roiled by Israeli Airstrikes Against Iran
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 CEO Says Rare Earth Supply Is ‘Day to Day’
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
Trump Plans Biofuel Quota Boost
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
Amazon, Walmart Consider Issuing Own Stablecoins: Report
(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
JBS Shares to Begin Trading on NYSE
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
Israel-Iran Clash Revives $100-a-Barrel Oil Fears
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
Port of Los Angeles Imports Sink 19% Amid Trump Tariffs
“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