General News
Consumer Spending Pushes Economy Up 4.4% in Q3
GDP rose at a 4.4% annual pace in the third quarter, the Commerce Department reported Jan. 22, up from 3.8% in the April-June quarter and from the 4.3% growth the department initially estimated.
Japan Records 5th Straight Yearly Trade Deficit on Tariffs
The United States has imposed a 15% tariff on most imports from Japan. Another concern is the impact on Japanese manufacturing, including automakers, from China’s curbs on exports of rare earths.
Venture Global Surges After Arbitration Win Against Repsol
Venture Global won a dispute with Spain’s Repsol involving the sale of liquefied natural gas shipments from its export plant in Louisiana.
Natural Gas Soars 75% in 3 Days as Arctic Cold Grips US
U.S. natural gas futures rocketed to the highest price since 2022, as frigid weather sweeps across major markets for the heating fuel and forces traders to cover bearish positions.
Echo Global Acquires 3PL ITS Logistics From GHK
Echo Global Logistics will buy third-party logistics provider ITS Logistics for an undisclosed sum from private equity firm GHK Capital Partners, the companies said Jan. 21.
VW Posts Higher-Than-Expected Auto Cash Flow on Less Spending
Volkswagen ended up with more cash in its automotive division than forecast in 2025 as the German carmaker delays projects and investments as part of an overhaul of its EV strategy.
Ontario’s Ford Pushes Auto Sector to Reject China EV Deal
Ontario Premier Doug Ford doubled down on their opposition to Canada’s trade truce with China, warning that opening the door to Chinese EVs risks gutting the Canadian sector.
Trump Drops Greenland Tariff Threat, Cites ‘Framework’ Deal
President Trump said he would not impose tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a “framework" of a deal he has reached for the island.
Canada’s Pipeline Problem Returns as Oil Sands Output Surges
The increase in rationing threatens to widen the discount for Canadian oil at a time when crude prices are already falling amid a glut of supplies.
Winter Storm to Sweep Across US This Week
A massive winter storm will sweep across a huge swath of the U.S. starting Jan. 23, freezing Texas before roaring up the East Coast, where New York City is seeing a strong chance of heavy snow.
EU Freezes US Trade Deal Approval Over Greenland Threats
The Parliament’s trade committee postponed the vote indefinitely on Jan. 21, casting doubt on whether the pact will ever get across the finish line.
US-Swiss Talks on Final Trade Deal to Start in February
The goal is to finalize a preliminary agreement that cuts U.S. levies on Swiss goods to 15% from 39%, which was the highest level among advanced economies.
Hyundai's Value Leaps Past GM’s on Robotics
The Atlas robot is built by Hyundai’s Boston Dynamics unit and is set to work in the carmaker’s plants in 2028. Partnerships with Nvidia and Google DeepMind in robotics have further fueled interest.
Continental’s Unit Sale Faces Uphill Struggle
Continental's industrial ContiTech unit is set to miss targets because of weak demand and other expenses, raising doubts about the price the division will fetch in its sale process.
Macron Urges EU to Consider Trade 'Bazooka' Over Tariffs
Rattled by President Trump's aggression toward Greenland, the EU is readying counter-measures against the U.S., including the “trade bazooka" touted by French President Emmanuel Macron.
Drone Delivery Startup Zipline Eclipses $7.6B Valuation
Zipline, a drone delivery and logistics startup, has raised more than $600 million in new funding, boosting its valuation to $7.6 billion, as it expands commercial deployments.
US Seizes Seventh Sanctioned Oil Tanker Tied to Venezuela
U.S. military forces seized a seventh tanker near Venezuela on Jan. 20 as the Trump administration continues to pressure the South American country to halt its use of sanctioned ships.
December Medium-Duty Truck Sales Cap Sluggish 2025
Classes 4-7 retail truck sales for the month decreased 15.5% to 19,082 units from 22,586 a year earlier. Medium-duty sales haven’t trended ahead of the prior year since January 2025.
International Motors Q4 Truck, Bus Sales Skid 34% From '24
International Motors’ sales volumes dived 34% year over year in the fourth quarter of 2025 to 15,800 trucks and buses from 23,800 in the year-ago period, parent company Traton said Jan. 20.
US to Expand Venezuela Oil Access for Traders, Refiners
The US government plans to allow more trading companies beyond Vitol Group and Trafigura Group to purchase Venezuelan crude, a Trump administration official said.