Mexico declared a drought in the northern state of Nuevo Leon, home to the nation’s industrial capital, a matter of national security on Friday.
Northern California’s McKinney Fire surged to over 52,000 acres over the weekend, quickly becoming the state’s largest blaze of the year.
Around 5,000 train drivers across a quarter of Britain’s rail network went on strike Saturday, the second major industrial action on the nation’s rail network this week.
After receiving a new contract offer, over 2,500 Boeing workers in the St. Louis area canceled a strike that was set to begin today.
The American Trucking Associations’ for-hire truck tonnage index hit 120.1 in June, up 2.7% from May to the highest level since August 2019.
The U.S. Transportation Department has launched a safety investigation of TuSimple, a maker of autonomous driving systems for trucks, after a truck using its software veered off the highway and into a cement barrier.
Experts are warning individuals who are at high-risk for COVID-19 not to wait to get a next-generation vaccine dose in the fall if they have yet to receive their second booster vaccine, saying that current shots continue to offer protection against hospitalization for severe disease and death.
At least 358 companies have either delayed or canceled financing plans this year, accounting for more than a combined $254 billion in deals, as surging inflation and ongoing energy shortages continue to rattle the global economy.
American personal consumption expenditures — the Federal Reserve’s preferred inflation gauge — rose 6.8% in June, the biggest 12-month move since 1982.
U.S. consumer spending, which accounts for more than two-thirds of economic activity, grew at a healthy 1.1% rate in June, according to the federal government:
The University of Michigan consumer sentiment index rose to 51.5 in July from a record-low 50 in June:
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