July 16, 2026 3:18 pm, EDT Recently, DOT partnered with DHS Border Patrol agents to enforce federal subversion laws. (Transportation Topics and Getty Images) key takeaways: Transportation Secretary Sean Duffy announced on July 16 a joint DOT and DHS investigation of 75 CDL training schools suspected of fraud. Officials said the fraud involved improper certification
July 16, 2026 2:22 pm, EDT Tanker trucks wait at Petroleos Mexicanos’ storage and dispatch terminal. (Felix Marquez/Associated Press) key takeaways: FinCEN issued an alert on June 30 detailing cartel-linked schemes that use U.S. freight and logistics companies to smuggle fuel into Mexico. These schemes divert billions of dollars annually from Mexican tax revenues through
July 16, 2026 1:19 pm, EDT An oil refinery in Houston. (Mark Felix/Bloomberg) key takeaways: Profits at American refiners, which convert crude oil into gasoline and diesel, are hitting records as fuel supply disruptions caused by the war have pushed up prices of refined products. The average per barrel margin a US refiner receives
July 16, 2026 11:06 am, EDT Autonomous cars at the Waymo facility in San Francisco. (Justin Sullivan/Getty Images) key takeaways: NHTSA is developing new safety requirements for autonomous vehicles, including performance testing and standards that define how autonomous cars should behave on the roads. The effort follows incidents involving robotaxis in construction zones, near school
July 16, 2026 9:12 am, EDT Target, as well as Walmart and Macy’s, are set to report their second-quarter earnings next month. (Nam Y Huh/AP) key takeaways: U.S. retail sales rose 0.2% in June after a revised 1% gain in May as shoppers cut back spending amid economic uncertainty. Online sales rose 1.9% on Amazon
July 16, 2026 8:17 am, EDT An oil facility on Kharg Island, Iran. (Atta Kenare/AFP/Getty Images/Bloomberg) key takeaways: Oil prices remain high as the US escalates attacks against Iran. Iran targeted Kuwait and Bahrain with missile and drone attacks. World stocks mostly fell. HONG KONG – Stocks around the world mostly fell on 16 July
If you buy a new 2027 Ram TRX and sell it within the first year, the next owner loses the truck’s factory warranty. If you turn it over, you lose it. This policy is to discourage a quick sale of this new desirable truck. However, this may also have unintended consequences. Here are all the
The Infiniti QX80 Track Spec Concept shows what a performance-oriented Red Sport model could look like. (Images: Infinity) Infiniti apparently decided that a hotter version of its flagship QX80 SUV needed some more time in the oven. The full-size SUV market is also extremely competitive these days, but if you want full, heady performance there
July 15, 2026 8:58 am, EDT Traffic through the Strait of Hormuz remained light on July 15, hours after the US blockade of Iranian shipping was imposed. (Bloomberg) key takeaways: Arsenio Dominguez, secretary-general of the International Maritime Organization, said the Strait of Hormuz remains too dangerous for commercial ships despite previous US-Iran peace efforts. Renewed
July 15, 2026 9:20 am, EDT Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. (Carlos Osorio/AP/File) key takeaways: US wholesale inflation fell 0.3% in June, the biggest monthly decline since April 2025, as gasoline prices fell 12% and food prices also declined. The report matters because annual producer inflation slowed to