President Biden is expected to propose a $6 trillion budget for fiscal year 2022. (WSJ)
Americans likely extended a spending binge in April, propelling the economy to faster growth. (WSJ)
U.S. worker filings for jobless benefits fell to a fresh pandemic low of 406,000. (WSJ)
Durable goods orders in the U.S. fell in April for the first time in a year but business investment rose again. (MarketWatch)
Senate Republicans narrowed the gap with the White House’s infrastructure proposal with a $928 billion plan. (WSJ)
U.S. Trade Representative Katherine Tai had what her office called a candid exchange on trade issues with her Chinese counterpart. (WSJ)
Boeing has halted deliveries of its 787 Dreamliners. (WSJ)
Boeing has agreed to pay $17 million in civil penalties for production lapses related to its 737 aircraft. (WSJ)
General Motors is restarting production at a handful of factories that were idled due to a global semiconductor shortage. (WSJ)
A Chinese startup that provides an Uber-like service for the trucking industry, has filed for a billion-dollar-plus initial public offering in the U.S. (WSJ)
Royal Dutch Shell may have to undertake a broad overhaul of its business to comply with a court order to cut carbon emissions. (WSJ)
Retailer’s Costco’s quarterly revenue jumped almost 22% from a year ago to $45.28 billion. (WSJ)
A U.S. judge shut down an attempt by Bayer to limit all future liability related to its popular Roundup weedkiller. (WSJ)
Walmart and Gap plan to work together on a line of Gap-branded homegoods that will be sold in Walmart stores. (WSJ)
Tesla is taking steps to pay in advance for semiconductors and is exploring buying a plant in its efforts to overcome the global shortage. (Financial Times)
Andy Jassy will take over from Jeff Bezos as chief executive of Amazon on July 5. (CNN)
Construction of an Amazon warehouse in Connecticut was suspended for a second time after nooses were discovered at the site. (ABC)
Sony plans to sharply expand automation at its main television manufacturing base in Malaysia to reduce production costs. (Nikkei Asia)
The Suez Canal Authority says one member of the crew seeking to free the Ever Given in March died in the effort. (Egypt National News)
Tanker operator Frontline swung to a $28.9 million first-quarter profit and said it expects the tanker market to “recover firmly. (Lloyd’s List)
The Port of Long Beach will exempt “the cleanest" natural-gas-powered trucks from a new emissions fee. (Transport Dive)
Hapag-Lloyd added 60,000 20-foot equivalent containers to an orders for shipping boxes. (Container Management)
Canadian Pacific says rival Canadian National’s offer to divest some track “doesn’t even come close” to resolving competition concerns in the Kansas City Southern acquisition. (Railway Age)
A forecast projects the global market for warehouse automation services to double by 2025. (DC Velocity)
Ryder System and a California staffing agency agreed to pay $1 million each to settle chargest of alleged racial discrimination at a Ryder warehouse. (Dow Jones Newswires)
Two cargo handlers at Los Angeles International Airport were arrested on suspicion of stealing gold bars from an air shipment. (NBC)
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