Futures in New York dropped 0.7 percent after earlier gaining as much as 1.3 percent. American Petroleum Institute data Tuesday showed an unexpected decrease in U.S. stockpiles, while on Wednesday…

Amazon is making a major monetary commitment to its businesses across India, including artificial intelligence. The online giant has pledged to invest more than $35 billion into its Indian operations through the next five years, building on nearly $40 billion it has invested in the country so far. This investment will focus on business expansion as well as three strategic pillars of AI-driven digitization, export growth, and job creation. In May 2023, Amazon said it would commit $12.7 billion to expand its cloud infrastructure in India by 2030. The company also debuted its Amazon Now 15-minute ultrafast delivery service in India and is expanding its use of AI-based refrigeration monitoring

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 8.7% in June after falling 1% in May. In June, the index equaled 115.3 (2015=100) compared with 106.1 in May. May’s drop was unrevised at -1% from our June 23 press release. Compared with June 2019, the SA index contracted 1.3%, the third straight year-over-year decline, but the smallest over that period. Year-to-date, compared with the same period in 2019, tonnage is down 2.4%.