03 Jul French Police Raid Renault Headquarters as Part of Ghosn Probe French police raided Renault SA’s headquarters outside Paris on July 3 to gather evidence for an investigation related to spending by former Chairman Carlos Ghosn. Read more...
03 Jul Survey: Modest Job Gains in June Hint at Slowing Economy WASHINGTON — U.S. companies added just 102,000 jobs in June, a possible turning point that could signal a coming increase in the unemployment rate. Read more...
03 Jul US Trade Deficit Rises to Five-Month High of $55.5 Billion in May WASHINGTON — The U.S. trade deficit rose to a five-month high in May as the politically sensitive imbalances with China and Mexico widened.The Commerce Department said July 3 that the gap between the goods and services the U.S. sells and what it buys from foreign countries rose 8.4% to $55.5 billion in May. Read more...
02 Jul Tesla Shares Surge as Model 3 Paces Record Quarter of Deliveries Tesla Inc. soared in late trading after the electric-car maker set a record for quarterly vehicle deliveries, helped by U.S. consumers rushing to buy Model 3 sedans before a federal tax credit shrank in half. Read more...
02 Jul Secretary Chao: Fuel Tax a ‘Topic of Discussion’ During Infrastructure Policy Talks Responding to whether the federal fuel tax should be raised to help fund the country’s corridors, Transportation Secretary Elaine Chao acknowledged the funding approach garnered interest during negotiations of a comprehensive infrastructure bill. Read more...
02 Jul Greenbrier Reports Lower 3Q Net Income, but Higher Revenue The Greenbrier Cos. reported record quarterly revenue for its third fiscal quarter of 2019, citing higher delivery volumes in the three months ending May 31, compared to the previous quarter. Read more...
02 Jul Pair of Senators Introduce Speed-Limiter Legislation for Heavy Trucks A bipartisan bill that aims to require speed limiters on heavy trucks has been introduced in the Senate, the latest attempt by lawmakers to revive an issue that for years has been circulating on Capitol Hill. Read more...
02 Jul Wage and Job Growth Are Slowing, New Report Warns The U.S. labor market is showing further signs of a slowdown, according to new data from Glassdoor. Job openings in the U.S. increased just 1.4% from the same period last year, according to the employment site’s June 2019 Job Market Report. Read more...
02 Jul Second TA Express to Open in Baytown, Texas TravelCenters of America announced it signed a franchise agreement with Shawn Ali, owner of the Oasis Mart in Baytown, Texas, to convert the business to a TA Express. Read more...
02 Jul HOP Energy Acquires KoscoHeritage Energy HOP Energy, a large specialty distributor of heating oil, propane and other petroleum products, acquired KoscoHeritage Energy (KHE), according to a news release. Read more...