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Amazon delivered strong profit and net sales during its fiscal second quarter, helped by surging growth in its prominent cloud computing unit. Read more…
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Landstar System CEO Frank Lonegro reported a jump in freight brokers interested in joining the carrier’s network of independent agents in the second quarter. Read more…
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Brent crude, the international standard, rose 2.1% to $88.68 a barrel as tensions between the U.S. and Iran kept the Strait of Hormuz largely closed. Read more…
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CFO Brian Olsavsky said, “In cases where we did see an increase in costs due to tariffs, we largely absorbed these costs rather than pass them on to customers.” Read more…
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Two foreign nationals were convicted and a third was charged in federal court cases involving the theft of U.S. citizens’ identities to obtain CDLs. Read more…
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Treasury Secretary Scott Bessent said he held a call July 30 with Chinese Vice Premier He Lifeng to lay the groundwork for Xi Jinping’s U.S. visit in September. Read more…
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Middle Eastern oil pricing has been a major pinch point during the Iran war. The intermittent disruption to crude flows through the Strait of Hormuz has meant that prices have been hugely volatile. Read more…
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Adjusted net income rose to $9.8 billion, more than doubling from a year earlier, London-based Shell said in a statement. Read more…
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The R2 line, with an eventual target price of around $45,000, is aimed at pulling in more customers amid broad concerns about automotive affordability in the U.S. Read more…
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Global sales in June fell 1.1% from a year earlier to 926,688 units, the company said in a statement July 30. Production climbed 2.2% to 984,408 vehicles. Read more…
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Adjusted operating income of $335 million in Q2 came in below analyst estimates, with Stellantis on July 30 citing high raw-material costs and weak pricing in Europe. Read more…
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