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Amazon Workers Seek $30 an Hour in North Carolina

Amazon employee organizers in Garner, N.C., won the right to hold an election this week to determine whether workers at the facility will be represented by an upstart union.

February 11, 2025

Trump Risks Inflation With Steel, Aluminum Tariffs

President Donald Trump on Feb. 10 removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25%. 

February 11, 2025

Diesel Price Gains a Half-Cent to $3.665 a Gallon

The national average price for a gallon of diesel posted its second straight increase of less than a penny, according to U.S. Energy Information Administration data released Feb. 10.

February 10, 2025

Wheel OEM Accuride’s US Operations Emerging From Bankruptcy

Accuride’s U.S. and Canadian businesses filed for Chapter 11 bankruptcy protection in October with liabilities of between $500 million and $1 billion.

February 10, 2025

North Carolina Welcomes $85M Logistics Warehouse on I-95

North Carolina officials announced that Cold-Link Logistics will build an $85.5 million cold storage warehouse along I-95 to handle local and regional poultry and other food products.

February 10, 2025

Inflation Fears Grow With Tariff Uncertainty Looming

Expected inflation five years ahead rose to 3% last month, the highest since May 2024, according to results of the New York Fed’s Survey of Consumer Expectations published Feb. 10.

February 10, 2025

Northvolt’s Bankruptcy Deals $531M Blow to Swedish Investors

Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB.

February 10, 2025

Cemex CEO Fernando González to Step Down After 30 Years

González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.

February 10, 2025

China’s 10% Tariff on US Cars Hits GM, Ford SUVs

China’s 10% additional tariff on vehicles with engines  larger than 2.5 liters imported from the U.S. took effect Feb. 10.

February 10, 2025