Business

BERKELEY HEIGHTS, N.J. — President Donald Trump is showcasing growing efforts to capitalize on western Pennsylvania’s natural gas deposits by turning gas into plastics.

President Donald Trump decried China’s “massive” intervention to suppress the yuan, portraying the U.S. as the beneficiary of his tariffs on Chinese imports and signaling the policy isn’t pushing up domestic prices.

WASHINGTON — U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing.

UPS Inc. said PepsiCo executive Brian Newman will replace Chief Financial Officer Richard Peretz.

The U.S. average retail price of diesel continued to drop, falling 2.1 cents to $3.011 a gallon, the Department of Energy reported Aug. 12.

Huawei Technologies Co. hired the law firm Sidley Austin to lobby on trade as the U.S. pressures allies to join it in blacklisting the Chinese telecom giant and the company finds itself increasingly mired in President Donald Trump’s trade war with Beijing.

Daimler Trucks North America announced Penske Truck Leasing and NFI will be the first companies to employ its battery-electric eCascadia in commercial operations.

Portugal may declare a civil order to ensure that truck drivers, who began a strike Aug. 12, deliver enough fuel to stop gas stations across the country from running dry at the height of the country’s tourism season, Prime Minister Antonio Costa said.

Corn futures plunged by the exchange limit, heading for their worst day in at least six years, after the U.S. Department of Agriculture reported more of the grain was planted than analysts had estimated.