Global markets took a dive as trade tensions intensified. (WSJ)
Soybean prices fell more than 5% to the lowest point in two years, but Trump administration officials said they’re working on measures to protect U.S. farmers. (WSJ)
Oil prices also fell Tuesday as expectation of increased production threatened to upset the global supply-and-demand balance. (WSJ)
Investor interest in lithium and cobalt is soaring, but reliable prices for the commodities are hard to find. (WSJ)
U.S. housing starts rose 5% in May from the prior month, rebounding to their highest level since 2007. (WSJ)
FedEx Corp.'s profit jumped as the company benefited from tax cuts and a turnaround in its express business. (WSJ)
Officials in Florida are planning what would become the largest mall in the U.S. (WSJ)
Videogame retailer GameStop Corp. is in “exploratory discussions” with third parties regarding a potential sale. (WSJ)
Ford Motor Co. and Volkswagen AG are exploring a strategic alliance to develop commercial vehicles together. (WSJ)
Japanese flea-market app Mercari Inc.’s valuation soared to $6.5 billion on its first day of trading. (WSJ)
Big oil companies including BP PLC are taking hydraulic-fracturing techniques perfected in Texas abroad. (WSJ)
Swiss drug giant Roche Holding AG will pay $2.4 billion to buy the remaining shares in Foundation Medicine Inc. (WSJ)
Private equity firm Cerberus Capital Management will acquire air cargo handler Worldwide Flight Services. (American Shipper)
Monaco-based cargo operator Goodbulk Ltd. is planning an initial public offering and hopes to raise $140 million. (Splash 247)
A prolonged rail strike in France is driving up transport costs for grain firms and stalling crop shipments. (Reuters)
Construction is underway on a $125 million logistics campus at the Port of Savannah in Georgia. (Progressive Railroading)
Pete Ruane, president of the American Road & Transportation Builders Association, is retiring in October. (Construction Equipment Guide)
|