Duffy Pushes Infrastructure Fixes, Permitting Reform
Duffy during a July 8 cabinet meeting. (Aaron Schwartz/CNP/Bloomberg) WASHINGTON — Investments in traditional infrastructure projects and a focus on streamlining the environmental permitting process are atop the priorities for the nation’s transportation leader who appeared before Congress July 16. During a wide-ranging hearing of the House Transportation and Infrastructure ...more
Global Goods Trade Accelerates as Tariff Fears Speed Imports
Shipping containers on a storage lot at the Port of Brisbane in Brisbane, Australia. (Carla Gottgens/Bloomberg News) Global merchandise trade ...more
Merchandise-Trade Deficit Widens on Exports Drop
(Nathan Howard/Bloomberg) The U.S. merchandise-trade deficit unexpectedly widened in May on the biggest drop in exports since the onset of ...more
US Ethanol Set to Wipe Out UK Production
(Randy Holt/Associated Press) Associated British Food Plc’s Vivergo ethanol plant, one of only two major sites in the nation, has ...more
Economy Shrank 0.5% in Q1, Worse Than Estimated
Gas pump at a Costco in Thornton, Colo. (David Zalubowski/AP/File) WASHINGTON — The U.S. economy shrank at a 0.5% annual ...more
Uber May Fund Kalanick’s Bid to Buy Pony AI’s US Arm
Uber has already partnered with Pony to launch commercial robotaxi services outside the U.S., starting in the Middle East. (Pony ...more
Canada Faces Steel Job Cuts as US Tariff Pressure Mounts
Carney introduced a new tariff-rate quota last week to limit imports of steel and said it may adjust tariffs on ...more