Fed officials hint at rate hikes as inflation outlook remains uncertain
Federal Reserve officials indicated growing support for higher interest rates during their July 28-29 policy meeting, with minutes released on August 19 revealing that several policymakers favored a quarter-point increase. The Federal Open Market Committee (FOMC) ultimately voted 9-3 to…
New Pennsylvania law cracks down on unlicensed CDL schools with $25,000 penalties
Pennsylvania has enacted a new law to crack down on unlicensed commercial driver’s license (CDL) training schools, giving regulators the power to impose civil penalties of up to $25,000 per violation. Governor Josh Shapiro signed Act 50 on July 20,…
U.S. to halve tariffs on Canadian steel and aluminum to 25%, reports say
The United States is poised to slash tariffs on certain Canadian steel and aluminum imports from 50% to 25% under a tentative trade deal currently being negotiated, according to multiple reports citing people familiar with the matter. The proposed reduction,…
Bimota Returns to US Dealers: KB998 Rimini, Tesi H2, 48 Photos
Italian boutique motorcycle maker Bimota is back in the US market with two fully street-legal models, both now available through its exclusive American dealer, Bimota Spirit in Raleigh, North Carolina. The lineup includes the KB998 Rimini at $65,399 MSRP and…
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…