Business

OPEC’s first oil market outlook for 2023 suggests no relief for squeezed consumers, with more crude needed from the group even though most members are already pumping flat out.

Canoo Inc. shares doubled in value after the struggling electric vehicle startup won an order for 4,500 vans from Walmart Inc.

Amazon is heading into its annual Prime Day sales event today much differently from how it entered the pandemic.

The freight market volatility of the past few years has created an even greater need for carriers and brokers to strengthen their business relationships, especially as uncertainty and supply chain disruptions persist.

Truck makers Volvo Group, Daimler Truck and Traton Group announced their joint venture, launched in December 2021 to develop charging infrastructure in Europe, gained the final necessary regulatory approvals.

WASHINGTON — Last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said July 11.

U.S. Energy Secretary Jennifer Granholm will use talks with nations including India and Japan to rally support for a new effort aimed at capping prices for Russian oil.

Pennsylvania’s governor, General Assembly legislators and a judge dealt legal blows to permanently stop the state Department of Transportation’s effort to toll nine bridges to create revenue for repairs.

Tesla CEO Elon Musk said he’s terminating his $44 billion agreement to acquire Twitter Inc. and take it private, triggering a legal fight with the company.

Apple Inc.’s Tim Cook was spotted in downtown Sun Valley July 7 taking a ride in a Rivian Automotive Inc. battery-electric pickup.