The U.S. trade deficit in goods rose 2% in January. (MarketWatch)
President Biden said he would nominate Julie Su, the deputy secretary at the Labor Department, to lead the agency. (WSJ)
India’s economy grew 4.4% in the final quarter of 2022 from a year earlier, weighed down by sluggish consumer demand and high inflation. (WSJ)
New home sales in China rose 14.9% in February. (WSJ)
Hong Kong said it will scrap its mask mandate starting today. (WSJ)
Cobalt and lithium prices have dropped dramatically over the past few months. (WSJ)
Electric-car maker Tesla plans to build a manufacturing plant in the northern Mexican industrial hub of Monterrey. (WSJ)
Rivian Automotive is recalling more than 12,000 vehicles as production challenges continue to weigh on the young EV manufacturer. (WSJ)
Nissan North America is recalling more than 800,000 sport-utility vehicles in the U.S. and Canada. (WSJ)
Instacart generated sharply higher sales and profit in the fourth quarter as it prepares for an initial public offering of stock. (WSJ)
The U.K. government summoned grocery executives to discuss supply-chain problems that are causing rationing of salad items. (Financial Times)
ArcBest has sold its fleet maintenance and repair services subsidiary FleetNet America to a division of Cox Enterprises for $100 million. (Arkansas Business)
Target and Solo Cup are planning big new warehouses near Chicago. (Crain’s Chicago Business)
Private equity firm Thoma Bravo has completed its $8 billion acquisition of supply-chain software company Coupa Software. (DC Velocity)
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