American multinational shipping and supply chain leader
The Trump administration has relaunched its tariff agenda under Section 301 and Section 122, targeting 60 economies including the EU and allies. Courts are weighing legal challenges as refunds of billions in tariffs previously deemed illegal are being processed. The debate centers on leverage in trade negotiations and the pace of reliquidation.
The Bureau of Labor Statistics has reported that U.S. consumer prices rose 4.2% in the 12 months through May, the fastest annual pace since April 2023, driven largely by a surge in energy and gasoline costs. Core inflation has remained cooler at 2.9%, while producers’ prices and oil-driven wholesale gains have also accelerated ahead of the Federal Reserve’s June meeting.
POLITICO, Independent, Business Insider UK and others report on RAISE US, a bipartisan nonprofit led by Gina Raimondo and Eric Holcomb. The group mobilizes $500m+ from tech firms to fund workforce programs, pilots in Arkansas, Maryland, Utah and Connecticut, and policy work to shield workers from AI disruption.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
The NTSB has found no pre-crash mechanical failures in the June 14 skydiving crash near Kansas City, with fuel and weight/balance checks clearing the operator. GoPro footage is being reviewed, and investigators say the plane should have operated normally before it erupted into flames; the investigation continues.
Independent coverage shows Costco will close on July 4, with other retailers and services adapting hours. Walmart, Target and Kroger are expected to operate with regular or varied hours, while Trader Joe’s and Aldi implement shorter hours. Stock exchanges and postal services follow holiday schedules in early July 2026.
PepsiCo has reported a mixed second quarter, with North American volumes flat or down and international markets driving overall growth. Revenue rose 6.4% to $24.18 billion, but North American beverage volumes fell 4% and per-share earnings narrowly missed expectations. The company has signaled a slower but steady recovery in North America as inflation pressures persist.
The FAA has determined that Boeing’s final safety checks demonstrate sufficient airworthiness for 737 Max and 787 Dreamliner aircraft. Regulators will continue factory oversight to identify defects earlier in production, while the pace of 737 Max production limits is being restored.
Oil prices have risen after regional conflict has intensified, pushing up fuel costs and consumer prices. Analysts say the spike is likely to pass through to groceries and other goods as supply chains adapt. Gas prices have climbed, with motorists paying more at the pump, while some refiners face damage that could sustain price pressure.
New York City is weighing the Delivery Protection Act, mandating direct employment of last‑mile delivery workers. The measure, backed by Mayor Mamdani, would disrupt Amazon’s delivery service partner model by banning subcontracting at last‑mile facilities, potentially raising costs for households and reshaping the city’s delivery ecosystem.