John E. Wren, a towering figure in Minnesota’s trucking industry and a former chairman of the American Trucking Associations (ATA), died on June 16 at the age of 80. Wren led Lakeville Motor Express from 1979 until its sale in…
Several oil tankers have begun using a new route through the Strait of Hormuz, a vital waterway, despite Iranian threats against vessels using the path. The alternative passage, promoted by a U.N. maritime agency, runs along the coast of Oman…
Global shares rose on June 25, led by sharp gains in Asian tech stocks after strong forecasts and earnings from Qualcomm and Micron Technology. Oil prices slipped closer to prewar levels, with Brent crude down 1.2% to $72.97 a barrel…
The BMW Group is advancing the use of Physical AI in production with the Figure 03 project at its Plant Spartanburg in the USA. Following a successful deployment of the humanoid robot Figure 02, the next-generation Figure 03 robot will…
Hertz Global Holdings stock plunged 41% on June 24, 2026—the steepest drop since its 2021 IPO—after the car-rental giant warned of earnings pressure and unveiled a $400 million financing package. The company plans to issue $300 million in convertible payment-in-kind…
Global oil markets are reeling after the Strait of Hormuz reopened following a U.S.-Iran agreement, unleashing a flood of crude that has sent prices plummeting below $75 a barrel—a level not seen since the start of the Iran war. The…
Agility Robotics, the Oregon-based maker of the humanoid warehouse robot Digit, announced on June 24, 2026, that it will go public through a merger with a special-purpose acquisition company (SPAC), valuing the firm at $2.5 billion. The move marks the…
Online spending in the U.S. surged to $8.3 billion on the first day of Amazon’s 2026 Prime Day event, topping Adobe’s revised estimate of $7.9 billion. Adobe projects total online sales for the four-day promotion will reach $26.3 billion, a…
Automotive journalists love to play the hypothetical car-buying game, and Jalopnik’s latest thought experiment is a doozy: if you had $250,000 to spend exclusively on brand-new cars—no used, no dealer auctions, no loopholes—what would you drive home? The catch? You…
Global fertilizer exports through the Strait of Hormuz have rebounded significantly following an interim U.S.-Iran peace agreement, easing supply chain disruptions that had threatened food inflation. At least 16 vessels carrying crop nutrients have exited the strait since the deal,…