The Insurance Institute for Highway Safety (IIHS) has taken a major step toward commercial truck safety ratings by releasing its first public assessments of heavy-duty pickups and cargo vans, revealing that fewer than half of the evaluated models meet the…
The United States has lifted its blockade of the Strait of Hormuz, allowing shipping to resume after a 60-day interim peace agreement was reached with Iran. The deal, which took effect on June 18, 2026, has eased oil market tensions,…
Michelin and Scale Up Booster have announced a partnership to accelerate the development and commercial roll-out of OYA Urban Tree, an innovative inflatable shading solution designed to combat extreme heat in urban areas and at large-scale events. The project builds…
A U.S. bankruptcy judge has temporarily barred Aequum Capital Financial II from distributing proceeds from the sale of inventory belonging to bankrupt auto parts supplier First Brands Group, pending resolution of a legal dispute with Bank of America. The June…
Waymo has recalled 3,871 robotaxis due to a software issue that caused the vehicles to enter and drive through freeway construction zones in Phoenix and San Francisco. The issue occurred in 13 instances without injuries, highlighting ongoing safety challenges for…
Kroger reported on June 18, 2026, that same-store sales rose 1% excluding fuel, beating Wall Street expectations as consumers continued to prioritize groceries and essentials amid inflation and higher fuel costs. The gain reflects a shift toward budget-conscious spending, with…
The U.S. government refunded nearly $22 billion in unlawfully collected tariffs in May after courts struck down former President Donald Trump’s emergency import duties, even as many tariffs remain in force. Economists warn that average U.S. tariff rates are holding…
Global oil prices extended their decline after the United States and Iran finalized an initial agreement to end their war, with Brent crude dropping $1.19 to $78.36 per barrel on June 18, 2026. U.S. benchmark crude also fell, slipping $1.56…
U.S. gasoline prices have dropped just below $4 per gallon for the first time since March, averaging $3.999 nationally as of June 18, 2026, according to AAA. The decline follows a 15% drop in crude oil prices this month and…
Sailun Group plans to invest $1.14 billion in a major tire capacity expansion project in Egypt, which would significantly increase its production footprint in the country and support growing demand across Africa, Europe, and North America. The project, dubbed the…