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PepsiCo has leaned on price increases as the cost of packaging, ingredients and transportation rose, but that has weakened demand, and consumers have cut back.

BP needs to demonstrate how its decision to prioritize investment in oil and gas will create value for shareholders, according to a group of investors. 

California Gov. Gavin Newsom outlined plans for a $200 million electric vehicle subsidy in the state that would represent a major boost to Elon Musk’s Tesla and other EV makers in the state.

While frigid temperatures are still gripping the southern U.S., natural gas futures plummeted Feb. 2 as weather forecasts for mid-February shifted significantly warmer.

A bill is moving through both legislative chambers in Florida that would allow impoundment of a commercial vehicle with a $50,000 fine if the owner has an undocumented driver operating it.

The strength in demand reflected a decline in a measure of customer inventories, which contracted by the most since mid-2022. Lean customer stockpiles could boost factory orders and production.

The move comes after months of Trump pressing India to cut its reliance on cheap Russian crude. Trump said that India would also start to reduce its import taxes on U.S. goods to zero.

The deal, expected to close in the second quarter, illustrates how shale companies are pushing to consolidate, as many of the best U.S. drilling sites have been tapped.

The Fort Smith, Ark.-based logistics company posted a net loss from continuing operations of $8.12 million, or a loss of 36 cents a diluted share, for the three months ending Dec. 31.

The White House confirmed on Feb. 2 the start of “Project Vault,” which would initially be funded by a $10 billion loan from the U.S. Export-Import Bank and nearly $1.67 billion in private capital.