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Pershing Square Buys Amazon Stake After 31% Stock Price Drop

Bill Ackman’s Pershing Square Capital Management built a new stake in Amazon, noting that the investor acquired shares at an “extremely attractive†price.

May 23, 2025

Steelworkers Head Urges Trump to Reject Nippon Bid

The comments are likely a final salvo from David McCall, who has stood in opposition of U.S. Steel’s proposed sale to the Japanese suitor since the deal was announced in December 2023.

May 22, 2025

Chinese Imports Expected to Surge Amid 90-Day Tariff Pause

President Donald Trump’s deal to lower tariffs against China for 90 days is expected to spur a surge of pent-up cargo and further market volatility, according to experts.

May 22, 2025

It’s ‘Crunch Time’ for US Importers Facing Tariff Deadlines

U.S. businesses are under pressure to import goods while higher tariffs are on pause, and they’re simultaneously navigating complex filing rules when their cargo crosses the border.

May 22, 2025

Trump Team Resists Nvidia, Upholds AI Export Curbs to China

“When it comes to inside China … there is still bipartisan and broad concern about what can happen to these GPUs once they’re physically inside†the country, a White House adviser said.

May 21, 2025

G-7 Ministers Tread Carefully Amid US Trade Tensions

“This is a very consequential moment for the G-7 in the world,†Canadian Finance Minister Francois-Philippe Champagne told reporters May 20.

May 21, 2025

EU Moves to Revive Fractured Trade Talks With Trump

The EU has shared a revised proposal with the U.S., as it aims to inject momentum in talks with President Donald Trump’s administration amid lingering skepticism that a deal can be reached.

May 21, 2025

Freight Trains Return to Asheville After Hurricane Helene

Now that freight trains are reaching Asheville, N.C., again, Norfolk Southern says it has turned its attention to restoring its tracks that connect the mountains with the rest of the state.

May 21, 2025

ATA Opposes Federal Probe That Could Increase Truck Tariffs

ATA and the U.S. Chamber of Commerce are opposing a proposed federal investigation into whether the importation of medium- and heavy-duty trucks and parts poses a threat to national security.

May 21, 2025

China-US Trade Soars in Race to Hit Trade Truce Window

A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors.

May 21, 2025