General News
Diesel Prices Spike After Escalation In Middle East
Diesel prices rocketed in the immediate aftermath of the joint U.S.-Israel attacks on Iran, and the military escalation that followed set in motion a wave of geopolitical uncertainty.
Costco Tops Earnings Forecast on Strong Shopper Demand
Costco Wholesale's quarterly profit rose more than expected, showing the club chain is capitalizing on an extended period of sales growth.
Amazon Web Outage Strands Customers
Amazon.com's website and mobile app malfunctioned for some users March 5, with critical features like product listings and checkout options producing error pages.
Private Sector Adds 63,000 Jobs in February, ADP Says
U.S. companies added the most jobs since November last month — 63,000 — adding to evidence of some stabilization in the labor market.
White House Assesses All Options to Ease Oil Spike
The Trump administration is weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Interior Secretary Doug Burgum said.
Beef Prices Spur Senate Drive to Split Meat Giants
The U.S. meatpacking industry faces a new wave of scrutiny, this time from Senate Democrats seeking to allow companies to process only one type of meat and set stricter limits on the beef market.
Oil Tops $81 a Barrel, Highest Mark Since July 2024
The U.S. oil futures rally took another move higher, sending prices to their highest in about 20 months as investors price in a prolonged war in the Middle East that could upend crude flows.
Pentagon Notifies Anthropic It’s Deemed a Supply Chain Risk
The Pentagon said it has formally notified Anthropic that it has determined the company and its products pose a risk to the U.S. supply chain, escalating a dispute over AI safeguards.
Used Truck Sales Gain Ground During Typically Weak January
“People are still holding on to their money,” said Charles Smith, regional business development and marketing manager at Mission Financial Services.
More Than 20 States Challenge Trump's New Tariffs
The Democratic attorneys general and governors in the lawsuit argue that Trump is overstepping his power with planned 15% tariffs on much of the world.
Agencies Raid Diesel Theft Ring Near Port of Oakland
Federal and local law enforcement officers have taken action to bust an organized ring of diesel thieves thought to be selling the fuel around the Port of Oakland.
EV Chargers Are Booming Despite Slumping New Car Sales
Charging networks added about 11,300 ultrafast cords across the U.S. last year, up 48% from 2024. And the high-speed buildout is only accelerating.
Kroger Offers Cautious Sales Forecast as New CEO Takes Over
The disappointing outlook suggests that competition is intensifying among food retailers to grab spending from cost-conscious consumers, raising the stakes for CEO Greg Foran to accelerate growth.
FHWA Reaffirms Priority to Expand Truck Parking
Agency Administrator Sean McMaster noted that the Transportation Department will deliver more than $275 million in grants to states to expand truck parking nationwide.
Berkshire Won't Alter Kraft Heinz Stake With Split Halted
Kraft Heinz CEO Steve Cahillane surprised investors last month when he announced he would instead invest $600 million on developing new products and lowering some prices.
Honda to Import Cars From US, China to Sell in Japan
The automaker will begin selling two U.S.-built cars — the Acura Integra Type S and the Honda Passport TrailSport Elite — in Japan in the second half of this year, it said March 5.
Interior Secretary Visits Venezuela to Discuss Minerals
The two-day visit comes as the administration seeks to defend against China’s hold on critical minerals, some of which are abundant in Venezuela.
Autonomous Tech Firm Momenta Files for IPO in Hong Kong
Momenta may seek to raise at least $1 billion in the IPO, Bloomberg reports, adding that deliberations are ongoing and no final decisions have been made.
Oil, Gasoline Prices Climb on Retaliatory Strikes From Iran
Investors are worried over how long the war with Iran could last, how high inflation may go because of more expensive oil and how much damage that might do to corporate profits.
Venezuela and US Probe Secret Oil Deals
Venezuela and the U.S. are scrutinizing dozens of confidential oil contracts signed during the reign of ousted strongman Nicolas Maduro, according to people familiar with the situation.