Shell Plc reported second-quarter adjusted net income of $9.8 billion, more than doubling from a year earlier, as geopolitical conflicts in Ukraine and the Middle East supercharged its oil trading and refining margins. The London-based energy giant’s earnings crushed analyst…
The U.S. National Highway Traffic Safety Administration (NHTSA) has granted Amazon’s autonomous-vehicle unit Zoox a temporary exemption to commercially deploy up to 2,500 driverless robotaxis each year in the United States over the next two years. The approval, announced on…
Old Dominion Freight Line (ODFL) has reported a strong second-quarter performance, with revenue rising 10.4% to $1.55 billion and profit jumping 30.5% to $350.6 million. The company’s weight per shipment increased by 1.7% to 1,503 pounds, outperforming seasonal expectations. According…
Stellantis reported second-quarter adjusted operating income of 293 million euros, missing analyst estimates due to intensified competition in Europe from Chinese automakers such as BYD, Xpeng, and Geely, which are expanding with lower-priced hybrids and EVs. The company cited weak…
The U.S. economy expanded at a sluggish 1.5% annualized rate in the second quarter of 2026, decelerating from 2.1% in Q1 and falling short of economists’ forecasts. Consumer spending surged to a 3.2% pace—up from just 0.5% in the first…
Robotics startup Revoy has raised $27 million in Series A funding to commercialize a detachable electric dolly designed to convert diesel trucks into partially electric vehicles. The device slots between a truck’s tractor and trailer, allowing an 80,000-pound truck to…
The 2027 AJP PR7, a single-cylinder rally bike from the Portuguese brand, is set to arrive in the US market. The bike is designed for various off-road adventures, including solo desert crossings and technical trail riding. Although marketed as a…
Oil prices have been volatile after the U.S. conducted a ‘heavy wave’ of strikes against Iran, responding to an attack on a U.S. base. Brent crude fell 0.2% to $87.92 per barrel, while benchmark U.S. crude lost 0.3% to $84.25…
Italian tire giant Pirelli & C. SpA has posted higher second-quarter earnings and sales for the three months ended 30 June, as currency headwinds eased. Second-quarter revenue rose 1.0% year-on-year to €1.76 billion from €1.74 billion a year earlier. Excluding…
BMW AG’s Finance Board Member Walter Mertl delivered the group’s quarterly statement for the period ending 30 June 2026, outlining a mixed performance amid ongoing global headwinds. The second quarter saw Group revenues of €31.3 billion, down from the prior-year…