TopBuild has entered an agreement to acquire Phoenix-based Progressive Roofing from Bow River Capital for $810 million in cash in a deal that is expected to be finalized early in the third quarter. Progressive Roofing, which provides commercial roofing services, generated $438 million in revenue in the year that ended March 31. The acquisition is expected to strengthen TopBuild's position in the sector while expanding its service offerings and market reach.

US wholesale inventories dropped 0.3% month-over-month to $905.5 billion in May 2025, matching advance estimates and following a 0.1% increase in April. Sales also declined 0.3%. The inventories/sales ratio for wholesalers rose to 1.34 after three straight months at 1.30.

The Federal Trade Commission has urged Amazon and Walmart to address misleading "Made in USA" claims by third-party sellers on their platforms. The directive follows FTC findings of numerous false assertions regarding product origin, with the commission demanding corrective action against violators.

Businesses face ongoing uncertainty regarding the trajectory of tariffs under President Donald Trump, who has extended the deadline for reciprocal tariffs on dozens of countries by three weeks to Aug. 1. Legal challenges are further complicating the situation, with a recent ruling from the US Court of International Trade striking down some tariffs, although a federal appeals court has allowed them to remain pending appeal.

US containerized imports from China experienced a significant 28.3% year-over-year decline in June, extending a sharp drop from May, largely due to higher tariffs. While overall US container imports fell 3.5% compared to June of the previous year, they saw a modest month-over-month uptick as firms diversified sourcing to Southeast Asian nations.

New tariffs proposed by President Donald Trump could significantly increase the average US tariff rate to nearly 19%, Deutsche Bank economists say. The escalation, while less severe than previously feared, could push up prices and cause wider economic disruption.

An overwhelming 92% of B2B buyers start the buying process with at least one vendor already in mind, and 41% have chosen a single preferred vendor before any formal evaluation begins, per Forrester Research. This trend persists across roles, deal sizes and regions, with C-level executives and buyers in North America and Europe especially likely to show early loyalty. The findings reveal that B2B vendor selection is heavily influenced by prior experiences, peer opinions and digital content, making early brand positioning critical.

Growth in the US economy could slow significantly this year due to the Trump administration's immigration policies, according to a Dallas Federal Reserve study. The report indicates that a fall in inward migration, particularly through border crossings, alongside rising deportations, could shave nearly a full percentage point from GDP growth in 2025.

CFOs are increasingly prioritizing corporate agility in response to ongoing economic uncertainty and shifting White House trade policies, according to Grant Thornton's latest survey. Nearly half (46%) are adjusting supply chains to minimize tariff impacts, while others are engaging in proactive scenario planning, investing in cost-reducing technologies and raising prices.

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