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Panama Canal to Enter Ports Business as Trump-China Feud Stews

The Panama Canal is planning to enter the ports business with a tender for two terminals, a move that comes amid a high-profile clash between the U.S. and China over the waterway.

August 12, 2025

Bankrupt Del Monte Tweaks Auction Rules to Attract Bids

Bankrupt canned fruit company Del Monte Foods won court permission to hold an auction of its assets after giving potential bidders more time to make an offer.

August 12, 2025

US Oil Output to Slip in 2026 as Price Decline Slows Drilling

U.S. oil production is now expected to fall in 2026 as prices slide, according to a government forecast, reversing years of growth that propelled the country to the world’s top producer.

August 12, 2025

EPA to Curb DEF Shutdowns in New and Existing Trucks

“We have heard loud and clear from small businesses across the United States that the current DEF system is unacceptable," EPA Administrator Lee Zeldin said.

August 12, 2025

Diesel Price Drops 4.6¢ to $3.754 a Gallon

Diesel fuel’s national average price shed 4.6 cents to $3.754 a gallon in its third straight decline, according to U.S. Information Administration data released Aug. 12.

August 12, 2025

US Loses Top Spot in Canada’s Car Market to Mexico

Trump’s imposition of 25% tariffs on foreign vehicles has disrupted the long-standing system that mostly allowed the free flow of vehicles and parts across the three North American countries.

August 12, 2025

Trump Renews Attacks on Powell, Threatens Lawsuit

Trump in a social media post on Aug. 12 resumed his criticism of the Fed chair over the central bank’s decision to hold interest rates steady and again hammered Powell over the renovation work.

August 12, 2025

Audi Labor Chief Ties US Factory to Job Security in Germany

Audi’s labor leaders are willing to back an expansion in the country only if management gives long-term guarantees for jobs and output at home.

August 12, 2025

US Core Inflation Hits Fastest Pace Since January

The core consumer price index, excluding the often volatile food and energy categories, increased 0.3% from June, according to Bureau of Labor Statistics data out Aug. 12.

August 12, 2025

Canada Lumber Aid Inflames US Subsidy Claims, Industry Says

The U.S. lumber industry says financial support pledged by Canada to domestic forestry companies risks deepening the neighbors’ long-running trade dispute and may result in yet more import taxes.

August 12, 2025