The Phillips 66 Los Angeles refinery in Wilmington, Calif. (Bing Guan/Bloomberg) The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution — when they meet with President Donald Trump on March 19. Industry leaders say they have plenty of reasons to give thanks. Trump ...more

Venture Global's CP2 project in Cameron Parish, Louisiana. (Venture Global LNG Inc.) President Donald Trump’s administration has granted Venture Global LNG Inc. conditional approval to export natural gas from a planned facility in Louisiana that had stalled under former President Joe Biden. Energy Secretary Chris Wright authorized the exports from the company’s CP2 project on ...more

A lineup of Freightliner em2 trucks. Freightliner, a brand of Daimler Truck North America, sold the most Class 7 trucks at 1,737 units. (Daimler Truck North America) U.S. retail sales of medium-duty trucks continued to trend below year-ago comparisons in February after a short-lived uptick the prior month, according to data from Wards Intelligence. Classes ...more

TSMC’s fabrication plant in Phoenix. (Rebecca Noble/Bloomberg) President Donald Trump and Taiwan Semiconductor Manufacturing Co.’s C.C. Wei walked into the Roosevelt Room of the White House this month to unveil one of the largest foreign investments in US history: a $100 billion bet that high-end chips can be made, once again, in the U.S. For ...more

The Volkswagen headquarters and auto plant in Wolfsburg, Germany. (Krisztian Bocsi/Bloomberg News) Volkswagen AG raised about 360 million euros ($393 million) through the sale of a 2.2% stake in Traton SE. The German carmaker offered around 11 million shares in its truck unit through an overnight placement, in a bid to enhance liquidity in the ...more

A ship under construction in Yangzhou, Jiangsu Province, China. (Meng Delong/VCG/Getty Images) A plan by the Trump administration to introduce fees on the use of Chinese commercial ships is likely to damage the U.S. economy and may fail to reverse China’s shipbuilding dominance, a top shipping trade group said. The Office of the U.S. Trade ...more

A cargo ship passes the Cheniere Energy liquefied natural gas plant in Port Arthur, Texas. (Brandon Bell/Getty Images) When the Biden administration stopped approving licenses to export U.S. liquefied natural gas in January of last year, officials said they first needed to determine how those shipments would affect the environment and economy. But the federal ...more

Elkann is focusing on ways to bolster Italian car production after a dramatic slump in local output last year. (Giuliano Berti/Bloomberg News) Stellantis NV Chairman John Elkann says Europe’s auto manufacturers don’t need the defense industry to survive, after some governments called on carmakers to contribute to a defense push. “China and the U.S. have ...more

Fed officials have kept rates steady this year after cutting them by a percentage point in the closing months of 2024. (Erin Scott/Bloomberg News) Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower economic growth and higher inflation. The Federal Open Market Committee voted ...more

“Today’s investment in SeaPort Manatee will grow Florida’s export potential and increase manufacturing in our great state,” DeSantis said. (SeaPort Manatee) Florida Gov. Ron DeSantis awarded $2 million to a SeaPort Manatee project to increase heavy truck capacity amid booming cargo shipments passing through a gate along U.S. Route 41 that opened to commercial vehicles ...more