Amazon joins elite club as fifth company to hit $3 trillion market cap
Amazon.com Inc. has become the fifth company in history to surpass a $3 trillion market valuation, achieving the milestone on August 3, 2026. The e-commerce and cloud giant’s shares surged as much as 5.3% by 9:35 a.m. ET, extending a…
Mercedes-Benz Classic debuts “birth certificate” for cars built between 1986 and 2010
Mercedes-Benz Classic has launched a new service offering a factory-documented "birth certificate" for passenger cars built between 1986 and 2010. The document consolidates the original vehicle configuration data stored in the manufacturer’s archives, presenting it in a high-quality presentation folder.…
Tyson slashes profit forecast as beef unit bleeds cash amid cattle shortage
Tyson Foods has slashed its fiscal 2026 adjusted operating income outlook to $2.1 billion–$2.3 billion, a $100 million reduction, as losses in its beef business deepen. The company now expects its beef segment to post an adjusted operating loss of…
Daimler Truck North America to close Portland manufacturing plant at end of October
Daimler Truck North America (DTNA) will shut down its Freightliner Swan Island plant in Portland, Oregon, on October 30, ending 57 years of local truck production that began in 1969. The closure, confirmed by a company spokesman on August 3,…
Oil prices plunge after Trump signals easing of Iran conflict
Global oil prices tumbled on August 3, 2026, after U.S. President Donald Trump announced he would order American forces to refrain from further attacks on Iran and suggested a deal to end the ongoing conflict was imminent. Brent crude, the…
Goodyear Opens Motor City Garage Retail Concept, Celebrates 2026 Woodward Dream Cruise with Rare Double-Blimp Event
Goodyear has opened its first retail concept store, the Goodyear Motor City Garage, in Detroit, just in time for the 2026 Woodward Dream Cruise. The store, located at 3075 East Grand Blvd., will be open to the public during Dream…
Joe Rocket Ion Mesh Jacket Review: A Brand Reunited
Joe Rocket’s return to the U.S. market after two decades of separation from its Canadian arm couldn’t have come at a better time. With a fresh lineup and a renewed focus, the brand has rolled out the Ion mesh jacket—a…
IMSA Road America: Strong Performance by the BMW M Hybrid V8 Goes Unrewarded
The BMW M Team WRT had a strong performance at the IMSA WeatherTech SportsCar Championship in Road America, but technical issues with both BMW M Hybrid V8s prevented them from securing their first win of the year. The #24 car,…
Team WRT’s Silver Cup Car Claims Overall Podium at Magny-Cours in GT World Challenge Europe
Matisse Lismont and Ignacio Montenegro drove the Team WRT #30 BMW M4 GT3 EVO to a sensational overall podium finish at the GT World Challenge Europe powered by AWS Sprint Cup weekend at Magny-Cours. The duo secured second place in…
Chrysler Rejected This Lamborghini Design, So It Came Back With 16 Cylinders And 4 Pop-Up Lights
The Cizeta-Moroder V16T prototype, chassis 001, is a one-of-a-kind supercar that tells the story of a discarded Lamborghini design and an outrageous V16 engine. Originally designed by Marcello Gandini for the Lamborghini Diablo, the project was rejected by Chrysler, which…