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The Pentagon has terminated the $17.9 billion Global Household Goods contract, a controversial program that has been beset by complaints and widespread criticism.

U.S. tariff hikes on small packages from China triggered a slump in shipments last month, contributing to a huge drop in bilateral trade and roiling exporters like Shein and Temu.

Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.

Waymo has applied for a permit to test its robotaxis in New York City, despite an absence of local regulations supporting commercially operated autonomous vehicles.

Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. 

Transportation Secretary Sean Duffy and acting administrator for the Federal Aviation Administration Chris Rocheleau announced a “new road map” for getting air taxis into the sky.

Nippon Steel closed its $14.1 billion takeover of U.S. Steel, bringing to an end an 18-month effort to combine the American and Japanese steelmakers, the companies said in a June 18 statement.

The administration is pressing ahead with another tariff barrage that some experts say is more legally sound than country-by-country duties and may end up having an equally broad effect.

States are warning residents about scams under which victims receive text messages purported to be from state motor vehicle agencies seeking payment for fraudulent traffic violations.

Canadian companies could help Mexico reduce its lopsided dependency on imported U.S. natural gas by maximizing its own domestic supplies of the fuel, according to a Canada business group.