Market research firm Mobility Global has downgraded its U.S. Class 8 truck and tractor registration outlook for both 2026 and 2027, citing a sluggish first half of 2026 and lingering supply chain bottlenecks that threaten to throttle production scalability next…
Mitsubishi has officially confirmed its return to the U.S. pickup segment, but the new truck won’t wear the brand’s badge. Instead, the yet-to-be-named model is being co-developed with Nissan as part of the automaker’s expanded U.S. strategy, dubbed Momentum 2030.…
Saudi Aramco has significantly rerouted its crude oil exports to avoid Houthi attacks in the Red Sea, increasing shipments through the northern route via Ain Sukhna. Since the Houthis announced a blockade on July 20, Saudi crude exports through the…
Industrial powerhouse Gates Industrial Corp. has upgraded its full-year outlook after posting record second-quarter sales and earnings for 2026. For the three months ended 27 June, net sales climbed 6.6% year-on-year to $942 million (€815 million), driven by 4.9% core…
Retail giant Walmart has posted its slowest U.S. comparable sales growth in six years for the quarter ended July 31, 2026, sending shares down 6% in premarket trading. Comparable sales, which include online sales tied to physical stores, rose 2.6%…
China’s passenger car market just posted its 10th straight monthly decline in July 2026, with domestic sales down roughly 20% year-on-year to about 1.47 million units. Meanwhile, the country’s car exports nearly doubled, jumping nearly 90% year-on-year to close to…
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 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 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.…
U.S. medium-duty truck sales rose 4.8% year-over-year in July, driven entirely by a 39.4% surge in Class 6 demand, according to Omdia Automotive data. Total Classes 4–7 retail sales reached 18,023 units, up from 17,204 in July 2025, but down…