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
Tesla's robotaxi service is scheduled to roll this month in Austin,Texas. (Tesla) The Trump administration is taking steps that would make it easier for automakers to deploy-self driving cars without driver controls, a potential boon to the ambitions of Tesla Inc. and rivals looking to put robotaxis on U.S. roads in the near future. Current ...more
A cyberattack that took place last month may have left the personal data of thousands of people vulnerable, according to the Texas Department of Transportation (TxDOT). According to a June 6 statement from TxDOT, “unusual activity” was detected in the agency’s Crash Records Information System (CRIS) on May 12, 2025.Investigators discovered that a compromised account ...more
This week, police arrested a man in connection with a scheme to steal oilfield equipment in New Mexico, according to the Lea County Sheriff’s Office (LCSO). On Monday, June 9, 2025, Jonathan Allen Stamper, 41, owner of Stampede Lift Solutions, was arrested in Norman, Oklahoma on charges out of Lea County, New Mexico, including:5 counts ...more
A trucking company’s internal messaging regarding its employees forming a union was only partially unacceptable, a court ruled. Employees of Garten Trucking, operating in Virginia, West Virginia, the Carolinas, and Maryland lost an election to unionize in August 2021 by a vote of 65-30. Unionizers then accused Garten of tampering with the election, violating the ...more
