U.S. refiners hit wartime highs as Iran war drives record crude runs
U.S. fuel refiners are operating at the highest capacity since the Iran conflict began, processing 17.4 million barrels of crude oil per day last week—the most since September 2019. The surge comes as global fuel markets tighten due to disruptions…
Iran faces economic blow as UAE cuts all trade and financial ties amid regional tensions
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 surge 97% in July to 15,900 units
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…
St. Louis Celebrates 20th BMW Championship with Pro-Am to Benefit Evans Scholars Foundation
The 20th edition of the BMW Championship, the penultimate playoff stop on the PGA TOUR, launched today at Bellerive Country Club in St. Louis, Missouri, with the traditional Garnder Heidrick Pro-Am. All proceeds from the event—including funds raised from Pro-Am…
JBS launches $1.2 billion bid to take full control of Pilgrim’s Pride in stock swap
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 slashes annual forecast as sluggish housing market dents demand
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 sales rebound as shoppers snap up fresh merchandise
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 to expand drone delivery to 500 cities
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.…
Trump delays 50% tariffs on Canadian goods for three days amid trade deal talks
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…
Oil prices surge as Strait of Hormuz tensions remain unresolved
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…