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U.S. Supply Chain Activity Highest Since 2022
The expansion in supply chain activity seen in June was attributed to raised inventory levels among downstream retailers and larger firms.
Photo: iStock / ake1150sb
Micron to Invest $250B in U.S. Chip Manufacturing
The company also has a goal to produce 40% of its DRAM chips in the U.S., and in a separate announcement, pledged $3 billion to boost the U.S. semiconductor supply chain.
Photo: iStock.com/William_Potter
U.S. Trade Deficit Rises to $77.6B in May
U.S. goods and services imports increased by 3.3% month-to-month, with the country bringing in more pharmaceuticals, smartphones, cars and equipment for data centers.
Photo: iStock / jonathanfilskov-photography
EU to Favor European Providers in Public Service Contracts
The commission is especially worried about the dependencies European operators continue to have on Chinese suppliers, particularly in the field of chips and rare earth minerals.
Photo: iStock.com/Alexandros Michailidis
Record-High U.S. Fuel Exports Are Straining Domestic Stockpiles
Stockpiles of diesel and other fuels have dwindled to the lowest seasonal levels in years, which may test the U.S.’s capacity to continue being supplier of last resort.
A pipeline runs toward oil Southbow storage tanks at the Cushing crude oil storage terminal in Cushing, Oklahoma. Photographer: Nick Oxford/Bloomberg
U.S. Defense Agency Seeks to Buy Up to $300 Million of Lithium
The U.S. Army recently struck deals with several companies to build processing plants for critical minerals on military bases around the country.
Lithium ion battery modules. Photo: iStock.com/Pasha Pechenkin
ICE Now Screening Truck Drivers at Weigh Stations
More than 28,000 CDLs deemed to have been issued illegally have been revoked as of May 1, according to the U.S. Department of Transportation.
Photo: iStock/Jeremy Poland
Australian Dock Workers Demand 28-Hour Week, Same Pay, Over AI
"The new technology doesn't have to cost our members their jobs or put their livelihoods at risk just so a terminal operator can boost profits," the dockworkers' union said.
DP World's Swanson Dock at the Port of Melbourne. Photo: iStock/BeyondImages
Tankers Trickle Through Hormuz After Trump Says Truce Over
Shipowners are increasingly having to weigh not only whether to cross, but which route to choose, for fear of angering one side or the other.
Photo: Bloomberg
Hormuz Sees Biggest Day of Attacks Since U.S.-Iran Peace Deal
The spate of incidents is a reminder of the continued risks to ships crossing through Hormuz, even with military forces protecting vessels crossing by a route near Oman’s coastline.
Vessels remain anchored off Port Sultan Qaboos, on June 20. Photo: Bloomberg
Canada Proposes New West-East Oil Pipeline to Bypass U.S.
The pipeline would run more than 2,000 miles from Hardisty, Alberta, to Sarnia, Ontario, while carrying as many as 500,000 barrels of oil daily.
Photo: iStock / onurdongel
U.S. Revokes Authorization for Iranian Oil Sales
The U.S. had issued what was supposed to be a 60-day authorization in late June, as part of a tenuous peace agreement with Iran to reopen the Strait of Hormuz.
Image: iStock/Tomas Ragina
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