Trump team casts doubt on imminent Canada tariff deal ahead of midnight deadline
The Trump administration is playing down the chances of a last-minute deal with Canada to avert a fresh round of 50% tariffs set to kick in at midnight on August 19, according to people familiar with the matter. With the…
Starwood Property Trust and Realterm arrange $672M loan for U.S. outdoor storage portfolio
Starwood Property Trust Inc. and Realterm, a global transportation-focused investment manager, have teamed up to provide a $672 million loan for a portfolio of 78 industrial outdoor storage properties spread across 33 U.S. markets. The portfolio covers 830 acres and…
Grubhub and DoorDash Deploy Serve’s Delivery Robots After Uber Exits
Delivery giants Grubhub and DoorDash are rolling out Serve Robotics’ sidewalk delivery robots in new U.S. markets, marking a major expansion for the autonomous fleet just months after Uber fully exited the company. Serve’s fleet of more than 2,000 robots…
“140 Years. 140 Places”: Mercedes-Benz’s global S-Class tour rolls into Africa
Mercedes-Benz is celebrating 140 years of innovation with an epic, transcontinental journey featuring three new S-Class sedans. The ‘140 Years. 140 Places’ tour spans over 50,000 kilometers across six continents, stopping at 140 symbolic locations that reflect the brand’s history,…
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…