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The Pentagon has terminated the $17.9 billion Global Household Goods contract, a controversial program that has been beset by complaints and widespread criticism.

QXO won’t raise its $5 billion offer for building products distributor GMS after 91ÊÓƵ Depot reportedly made its own bid.

U.S. tariff hikes on small packages from China triggered a slump in shipments last month, contributing to a huge drop in bilateral trade and roiling exporters like Shein and Temu.

91ÊÓƵ Depot has made an offer for GMS, potentially setting off a bidding war with QXO, which this week made a $5 billion offer for the building products distributor.

Amazon is ordering some corporate employees to move closer to their managers and teams, roiling a workforce already worried about job cuts and warnings from the top that AI will shrink their ranks.

Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.

Daimler Truck and Volvo Group laid out the game plan for their truck operating system joint venture — named Coretura — on June 17.

The sale of the properties follows the disposal of seven facilities via private sale in May as the administrators attempt to unload as many terminals as possible.

Waymo has applied for a permit to test its robotaxis in New York City, despite an absence of local regulations supporting commercially operated autonomous vehicles.

Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo.