The United Arab Emirates has suspended all trade and financial transactions with Iran, escalating economic pressure on the Islamic Republic after a reported missile threat alert in Dubai. The UAE’s Ministry of Foreign Affairs announced the move on August 18,…
U.S. trailer orders surged 97% year-over-year in July, reaching 15,900 units, according to preliminary ACT Research data. The jump marked an 18% increase over June’s figures, defying typical seasonal patterns where July is usually the weakest net order month. Jennifer…
Global meatpacking giant JBS NV has launched a $1.2 billion stock deal to acquire the remaining 18% of Pilgrim’s Pride Corp. it does not already own, sending shares of the U.S. chicken producer up 6.7% in premarket trading. JBS, which…
Lowe’s has dramatically lowered its full-year outlook, now predicting flat comparable sales for the fiscal year after second-quarter comparable sales rose just 0.2% and missed Wall Street estimates. The retailer’s weaker-than-expected performance reflects a persistently soft housing market, where high…
Target delivered a 3.8% rise in comparable sales for the second quarter of 2026, marking its second straight quarter of growth under CEO Michael Fiddelke. The uptick was driven by a $994 million tariff refund from the U.S. Supreme Court…
Amazon announced on August 19, 2026, that it will expand its Prime Air drone delivery service to suburban areas in nearly 500 U.S. cities by the end of the year, offering eligible customers deliveries in as fast as 30 minutes.…
President Donald Trump announced on August 18, 2026, a three-day delay to the planned 50% tariffs on $20 billion worth of Canadian imports, following a last-minute deal reached with Canada less than two hours before the sanctions were set to…
Global oil prices surged again on August 19, 2026, as the conflict over the Strait of Hormuz showed no signs of resolution, pushing Brent crude up 1% to $91.91 per barrel. U.S. benchmark crude oil also climbed 1.1% to $84.99…
Freudenberg Sealing Technologies (FST) has unveiled new elastomer-based connector seals designed to simplify and strengthen modern battery pack architectures. The German manufacturer claims the seals support the latest electrification trends across electromobility, humanoid robotics and consumer devices by integrating multiple…
Japanese elastomer engineering firm ETIC has inked a licensing deal with Guoneng Yulin Chemical, a state-owned coal energy company based in China, to construct a 50 kilotonne-per-annum (ktpa) ethylene propylene diene monomer (EPDM) plant in Yulin City, Shaanxi province. The…