Hungarian Grand Prix 2026 – Friday Preview
Mercedes-AMG PETRONAS F1 Team enters the Hungarian Grand Prix 2026 with a clear focus on reliability after a string of self-inflicted errors cost points in recent races. Team boss Toto Wolff admits the squad has the raw pace but must…
Diesel refining margins hit record $100+ per barrel amid global supply crunch
U.S. diesel refining margins, measured by the diesel crack spread, surged past $100 per barrel in mid-August 2026, shattering previous records and underscoring a deepening global fuel crisis. The benchmark spread, which tracks the profit refiners earn turning crude into…
Target’s grocery gamble: trendy snacks and drinks over Walmart’s low prices
Target is rolling out a sweeping grocery overhaul in hundreds of stores, betting big on fresh produce, trendy snacks, and exclusive brands to revive its food aisles and drive more than $2 billion in growth. The retailer has introduced roughly…
July freight tonnage slips as uneven recovery persists, ATA index shows
Freight tonnage dipped in July, continuing a pattern of uneven recovery in the trucking sector, according to the latest American Trucking Associations (ATA) For-Hire Truck Tonnage Index. The index fell 1% month-over-month to 113.5 in July from 114.7 in June,…
GM to axe 350 jobs at Michigan plant after pivoting from EVs to combustion Cadillacs
General Motors is laying off 350 workers at its Lansing, Michigan facilities—Lansing Grand River Assembly/Stamping and Lansing Regional Stamping—effective January 14, 2027, as the company shifts production from electric vehicles to a new combustion-powered Cadillac sedan. The move comes despite…
Home Depot posts strong quarterly sales as small DIY projects drive growth, launches nationwide three-hour delivery
Home Depot reported a 5.7% year-over-year revenue increase to $47.86 billion for its second quarter, beating Wall Street expectations of $47.24 billion. Comparable store sales rose 1.7% globally and 1.3% in the U.S., driven by demand for smaller home-improvement projects…
Einride orders 500 Tesla Semi electric trucks for North American freight push
Swedish autonomous logistics specialist Einride has placed the largest order to date for Tesla’s Semi electric truck, committing to 500 units for its North American fleet over the next two years. The phased deployment begins next month, with trucks entering…
Clock ticking down to 50% tariffs on Canada as U.S. and Canada hold last-ditch talks
The United States and Canada are locked in final negotiations to avert a looming 50% tariff on $20 billion worth of Canadian goods, with the deadline set for 12:01 a.m. on August 19, 2026. The dispute threatens one of the…
Oil prices rise after 2.7% gain the previous day
Global oil prices edged higher on Aug. 18, 2026, following a 2.7% surge the day before, as geopolitical tensions in the Middle East kept energy markets on edge. Brent crude, the international benchmark, climbed 0.1% to $90.94 per barrel in…
Audi’s Five-Cylinder Engine Might Not Die After All — Hybrid Plans Could Keep the 2.5 TFSI Alive
Audi is reconsidering the fate of its iconic 2.5-liter turbocharged five-cylinder TFSI engine, which was previously slated for extinction under tightening emissions rules. The decision follows comments from Audi Sport boss Rolf Michl, who confirmed to Autocar that evaluations are…