David McHugh

AP Business Writer
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June 3, 2026
I Stock 2206420795
Snap-on Acquires Diagnostic Tools Provider for $100M
June 10, 2026
Core & Main branch, Cedar Rapids, Iowa.
Core & Main Posts Flat Sales, but Earnings, Margins Climb
June 10, 2026
I Stock 144211015
Tallman Equipment Acquired by Private Equity Firm
June 9, 2026
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Winsupply's Schwartz Elected NAW Chairman
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Automate Your Supply Chain With Embedded EDI
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Automate Your Supply Chain With Embedded EDI
Learn how to link all of your supply chain data for maximum efficiency. Download our free guide now!
June 3, 2026
A container ship sits at anchor as a small motorboat passes in the Strait of Hormuz off Bandar Abbas, Iran, May 2, 2026.
Logistics
Shipping Firms Whipsawed by Hormuz Uncertainty
One of the world’s largest shipping companies says the situation is costing it $60 million a week.
May 6, 2026
Cargo ships sail in the Arabian Gulf towards Strait of Hormuz in United Arab Emirates, March 19, 2026.
Supply Chain
Iran Starts to Formalize Its Chokehold on the Strait of Hormuz
Ships must enter Iranian waters and be vetted by Iran's Revolutionary Guard.
March 27, 2026
Fishermen work in front of oil tankers south of the Strait of Hormuz, Jan. 19, 2012, off Ras Al Khaimah, United Arab Emirates.
Logistics
Energy Prices Surge as Tanker Disruptions, Facility Shutdowns Rattle Global Supply
Tanker traffic dropped sharply in the Strait of Hormuz following U.S. and Israeli attacks on Iran.
March 2, 2026
European Union flags outside of EU headquarters in Brussels, Nov. 4, 2025.
Supply Chain
EU Hits Pause on U.S. Trade Deal
The EU's position? “A deal is a deal."
February 23, 2026
ECB President Christine Lagarde attends the annual meeting of the World Economic Forum in Davos, Switzerland, Jan. 23, 2026.
Economy
Economic Leaders at Davos Say Global Growth Is Resilient Despite Trump Disruption
But while growth is holding up, troubles like worrisome government debt levels and inequality loom.
January 26, 2026
A video of Federal Reserve Chair Jerome Powell plays on a screen on the floor of the New York Stock Exchange, Jan. 12, 2026.
Economy
Top Central Bankers Express 'Full Solidarity' With Fed Chair Powell
Nine central bank heads said that Powell has "an unwavering commitment to the public interest."
January 14, 2026
Philippe Aghion reacts after winning the Nobel prize in economics, Oct. 13, 2025, Paris.
Economy
Nobel Economics Prize Goes to Researchers Who Explained Innovation-Driven Growth
The winners were credited with better explaining and quantifying "creative destruction."
October 14, 2025
Chairman of European Parliament's Committee on International Trade Bernd Lange attends a news conference in Jakarta, April 16, 2025.
Economy
Head of EU Trade Committee Has 'Doubts' About Deal with U.S.
The deal could be amended during the legislative approval process.
September 8, 2025
The aircraft carrier USS Dwight D. Eisenhower and other warships cross the Strait of Hormuz, Nov. 26, 2023.
Supply Chain
Why Closing the Strait of Hormuz Could Backfire
The waterway is considered the world's most important chokepoint for oil.
June 24, 2025
U.S. Trade Representative Jamieson Greer, left, and U.S. Treasury Secretary Scott Bessent at a press conference in Geneva, Switzerland, May 12, 2025.
Economy
U.S., China Agree to Pause Trade War
Officials struck a positive tone amid plans to continue discussing their trade issues.
May 12, 2025
Cranes work on stacks of containers at the Bangkok Port in Bangkok, Thailand, April 10, 2025.
Economy
Trump's Trade Demands Go Beyond Tariffs to Target Perceived Unfair Practices
The trade barriers include a slew of issues not normally associated with trade disputes.
May 5, 2025
A television monitor showing U.S. President Donald Trump in front of a display board with the Dax curve, Frankfurt, Germany, April 3, 2025.
Economy
Sweeping Trump Tariffs Shock Global Economy, Drawing Threats and Calls for Talks
The head of the World Trade Organization warned that global trade volumes could drop by about 1% this year.
April 4, 2025
Parts of the Francis Scott Key Bridge after a container ship collided with one of the bridge’s supports, Baltimore, March 26, 2024.
Logistics
Bridge Collapse, Port Closure Sends Companies Scrambling to Reroute Cargo
The incident is poised to have "significant and long-lasting impacts."
March 26, 2024
Monitors show the Nikkei 225 index and the yen's exchange rate against the U.S. dollar, Tokyo, Oct. 24, 2022.
Economy
High Rates, Inflation Expected to Slow Global Growth
The OECD forecast expects a drop in growth this year — and an even worse 2023.
November 23, 2022