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DHL Sees Holiday Season Returning to Historical Norms

The DHL 2024 Peak Season Shipping Survey revealed Nov. 19 that 48% of small and medium-sized enterprises expect a year-over-year increase in holiday sales.

December 12, 2024

Wholesale Inflation Accelerated in November

WASHINGTON — Wholesale costs picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak of two years ago.

December 12, 2024

Experts Call Trump’s Energy Tariff Plan ‘Hugely Destructive’

Charging 25% levies on oil and gas from Canada and Mexico would spike gasoline prices in the Midwest and raise electricity costs along both U.S. coasts.

December 12, 2024

New Jersey Considers Fees on Gas, Oil Producers

TRENTON, N.J. — The New Jersey Legislature is considering charging gas and oil producers fees, and creating a Climate Superfund to clean up toxic waste.

December 12, 2024

Ontario Premier Issues Energy Warning Over Trump Tariffs

TORONTO — The premier of Canada’s most populous province said he will cut off energy to the United States if President-elect Donald Trump imposes sweeping tariffs on all Canadian products.

December 12, 2024

US Raises Tariffs on Imports of Some Chinese Technology

BANGKOK — The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses.

December 12, 2024

Kal Freight Adds Directors After Being Accused of Malfeasance

A judge approved adding independent directors to Kal Freight’s board after the bankrupt trucking firm was accused of double-pledging its trucks as collateral to obtain financing.

December 11, 2024

Microsoft Sees $800 Million Charge on Stake in GM’s Cruise

Microsoft Corp. plans to take an $800 million charge after General Motors Co. said it was shutting down its autonomous taxi initiative.

December 11, 2024

Tesla Shares Jump to Record Amid $515 Billion Rally

Tesla shares climbed to a record for the first time since November 2021, buoyed by optimism the company’s self-driving ambitions can get a boost under the forthcoming Trump administration.

December 11, 2024