Used Truck Market Grapples With Instability in May
Class 8 used truck sales increased for two straight months in March and April both year over year and sequentially before declining in May. (Aziz Shamuratov/Getty Images) Used Class 8 truck sales, prices and mileage faced downward pressure from uncertain market conditions during May, ACT Research reported. Sales volume slipped ...more
DOT Chief Sean Duffy Named Interim Administrator of NASA
Sean Duffy. (Jacquelyn Martin/Associated Press) President Donald Trump named Secretary of Transportation Sean Duffy as what he calls an interim ...more
Trump Says 50% Levy on Copper Imports to Take Effect Aug. 1
Copper cathode sheets. (Oliver Bunic/Bloomberg) President Donald Trump said the U.S. would begin levying a 50% tariff on copper imports ...more
Musk Says Grok AI Is Coming to Tesla Vehicles by Next Week
The Grok chatbot logo on a smartphone. (Andrey Rudakov/Bloomberg) Elon Musk said his artificial intelligence startup’s chatbot will be coming ...more
Trump’s 50% Copper Tariff Could Rattle US Supply Chains
As Trump prepares to slap a 50% levy on imported copper as of Aug. 1, the global supply chain is ...more
Unilever Sells Venezuelan Ice Cream Unit to Mack de Venezuela
The financial details of the operation haven’t been disclosed, the firm added. (Luke Sharrett/Bloomberg) Unilever PLC sold its Venezuelan ice ...more
JPMorgan’s Jamie Dimon Flags Complacency on Tariff Threat
“Unfortunately, I think there is complacency in the markets,” Dimon said. (Patrick Bolger/Bloomberg) Markets are complacent on tariffs planned by ...more