Delegates walk towards the entrance of the IMF headquarters during the World Bank/IMF Spring Meeting in Washington on April 15, 2026. (Jose Luis Magaña/AP/File) July 8, 2026 10:54 am, EDT key takeaways: The IMF on July 8 cut its 2026 global growth forecast to 3% from 3.1%, citing energy disruptions from the Iran conflict. Higher
The US midsize pickup truck segment is starting to cool off. Sales of the Nissan Frontier, Toyota Tacoma and GMC Canyon will increase significantly in Q2 2026 compared to Q2 2025. However, sales of the Ford Ranger and most others declined. Here are all the details. Let’s dig! The Toyota Tacoma
ACT said the average retail selling price rose 5.1% to $59,723 from $56,813 a year earlier, but declined 1% sequentially from $60,347. (Aziz Shmuratov/Getty Images) July 8, 2026 1:05 pm, EDT key takeaways: ACT Research said used Class 8 truck sales rose 5.3% year on year to 23,800 units in May, but fell 4.4% from
Cargo ship in the Strait of Hormuz in May. (Fatima Shabair/AP) July 8, 2026 1:44 pm, EDT key takeaways: Shipowners showed mixed willingness to transit the Strait of Hormuz after President Donald Trump said the US armistice with Iran expired on July 8. Uncertainty matters because tanker availability and safety risks could disrupt the flow
Helen Budliger Artida in November 2025. (Ore Huiying/Bloomberg) July 8, 2026 2:09 pm, EDT key takeaways: There is “a good chance” that Switzerland will secure a permanent trade deal with the US at 15% tariff rates, according to the country’s top trade diplomat. “A level playing field is the ideal scenario for us,” said State
DTNA’s fifth-generation Freightliner Cascadia. (Daimler Trucks North America) July 8, 2026 2:45 pm, EDT key takeaways: Daimler Trucks North America posted its first year-over-year quarterly sales gain in six quarters, with sales rising 8% to 41,687 vehicles in the second quarter of 2026. Despite earlier weakness related to tariffs reflecting improved freight demand and order
(Aziz Shamuratov/Getty Images) July 8, 2026 2:51 pm, EDT key takeaways: FedEx agreed to sell its supply chain business to CMA CGM for $1.4 billion as part of a broader strategy to streamline operations. This acquisition will significantly expand CMA CGM’s North American logistics footprint, nearly tripling its contract logistics presence. Analysts view the transaction
A pipeline runs toward an oil southbow storage tank at the Cushing Crude Oil Storage Terminal in Cushing, Okla. (Nick Oxford/Bloomberg) July 8, 2026 3:20 pm, EDT key takeaways: Unprecedented foreign demand for US diesel, propane and other fuels as the US-Iran conflict escalated put pressure on stockpiles from the Gulf Coast to the East
JBS Greeley Meatpacking Facility in Greeley, Colo. (Chet Strange/Bloomberg) July 8, 2026 3:50 pm, EDT key takeaways: JBS NV dropped its 2040 net-zero target covering all emissions and removed Scope 3 targets, reducing efforts to directly control emissions. Scope 3 sources such as livestock are responsible for almost all emissions, while Scope 1 and 2
Investors have welcomed Target’s turnaround plans, with shares rising more than 30% this year. (David Paul Morris/Bloomberg) July 8, 2026 4:20 pm, EDT key takeaways: According to an internal memo, Target eliminated some strategy team roles as CEO Michael Fidelke reorganized the group to simplify operations and improve efficiency. The changes are aimed at aligning