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EIA Trims Forecast for 2025 US Crude Oil Output

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.

July 8, 2025

Amazon's Seller Pricing Limits Face Canadian Review

Canada’s competition watchdog secured a court order to help its investigation into whether Amazon is abusing its dominant retail position in the market.

July 8, 2025

Trump Says Powell Should Resign if He Misled Congress

“Then he should resign immediately,” Trump said when asked about the allegations that Powell mischaracterized details about renovations at the Fed’s headquarters.

July 8, 2025

Trump to Impose 50% Copper Tariff, Delay Drug Duties

“I believe the tariff on copper we’re going to make it 50%,” President Donald Trump said when asked by a reporter what the rate on those products would be.

July 8, 2025

Ford Battery Plant Clears Hurdle With Tax Credit Win

A spokesperson said the Michigan facility is on schedule to open next year and will ultimately employ 1,700 workers as the company had projected when it downsized the project in late 2023.

July 8, 2025

Trump Says Aug. 1 Tariff Deadline Won’t Be Extended

President Donald Trump said he would not offer any extensions to a new Aug. 1 deadline for nations to begin paying so-called reciprocal tariffs.

July 8, 2025

Diesel Price Edges Up 1.2¢ to $3.739 a Gallon

The national average diesel price showed a modest post-holiday uptick, rising 1.2 cents a gallon to $3.739 a gallon, according to U.S. Energy Information Administration data released July 8.

July 8, 2025

Daimler Truck to Double Defense Business, Cut 5,000 Jobs

Daimler Truck said it plans to double the size of its defense business by 2030 as it seeks to profit from higher military spending globally, and will cut 5,000 jobs in Germany.

July 8, 2025

A Look at the 14 Countries That Received Trade Letters

Here's a look at the 14 countries that received letters from President Donald Trump outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.

July 8, 2025

Some Sellers Sit Out Amazon Prime Day Over Tariffs

Amazon’s Prime Day is slamming into President Donald Trump’s trade war, with ever-shifting tariffs prompting some brands to sit out the sale and some shoppers hinting they plan to pull back.

July 8, 2025