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The Latest Breaking News from Commerce Department

Biden administration takes one last jab at Chinese cars

The current administration made one final move that may have sealed the fate of Chinese automakers like BYD.

Fed's Inflation Gauge Shows Cooling Price Pressures

Fed's Inflation Gauge Shows Cooling Price Pressures

Recent data shows minimal inflation growth, prompting Fed to reduce rate cuts while supporting economic growth through strategic monetary policy adjustments.

US effort to curb China's and Russia's access to advanced computer chips 'inadequate,' report finds

US effort to curb China's and Russia's access to advanced computer chips 'inadequate,' report finds

The U.S. Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons

The Independent UK

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Abolish the Commerce Department

Donald Trump has tabbed Howard Lutnick to be the next secretary of the Department of Commerce. He should also be the last.

Lutnick tapped to lead Commerce Department under Trump 2.0 - Roll Call

President-elect Donald Trump chose billionaire Howard Lutnick, co-chair of his transition team, to lead the Commerce Department.

US Restricts TSMC's Export Of Advanced Chips To China: Report

The new order, set to take effect on Monday, comes weeks after TSMC notified the Commerce Department that one of its chips had been found in a Huawei AI processor.

International Business Times

US Fines Chipmaker $500,000 For Selling To Blacklisted Chinese Company

GlobalFoundries sent SJ Semiconductor 74 shipments worth $17.1 million without seeking a license, the Commerce Department said.

International Business Times

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Fed inflation report renews pressures, tests interest rate bets

Fed inflation report renews pressures, tests interest rate bets

Inflation pressures are slowly creeping back higher.

Stock Market Today: Stocks close lower as Treasury yields climb

Stock Market Today: Stocks close lower as Treasury yields climb

Another move higher in Treasury bond yields kept Wall Street in the red, with big jobs and earnings ahead as traders close out a challenging October.

Retail sales report tests Fed interest rate cut bets

Retail sales report tests Fed interest rate cut bets

The September retail sales report rekindles the Fed interest rate cut debate.

Analyst revises Ford, GM, Rivian stock price targets on China 'butterfly effect'

Analyst revises Ford, GM, Rivian stock price targets on China 'butterfly effect'

Analysts see a big shift in the auto market that could shake up the major car companies.

Biden plan to purge auto tech from China might actually hurt Detroit

Biden plan to purge auto tech from China might actually hurt Detroit

The Commerce Department's proposed new ruling may have stark consequences for domestic automakers.

Commerce Department Bans Chinese Car Components

Commerce Secretary Raimondo insists the rule "is a strictly national security action."

U.S. Aims To Ban Cars With Software, Hardware Links To China

U.S. Aims To Ban Cars With Software, Hardware Links To China

Forget tariffs on EVs. Proposed new U.S. Commerce Department rules would ban cars with digital links to China from 2027 onward.

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International Business Times

US Set To Announce Planned Ban On Chinese Vehicle Technology: Report

The Commerce Department is expected to unveil the proposed prohibitions on Monday, following an investigation ordered by President Joe Biden.

International Business Times

Dow Hits Yet Another Record High

It pops up to 41,563.08 points fueled by favorable inflation news from the Commerce Department

Recession forecasts crushed as economy defies doomsayers

Reports of the American economy's demise look to have been greatly exaggerated.

Bank of America's CEO flags a big Fed risk

The Fed's narrative faces its sternest test of the year this week.

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The Independent UK

Kaspersky to shutter US operations after its software is banned by Commerce Department, citing risk

Cybersecurity firm Kaspersky says it’s shutting down all of its operations in the United States, just weeks after the Commerce Department banned the use of the company’s software in the country

Supreme Court Weakens Federal Agencies' Regulatory Power

The Supreme Court's recent ruling limits federal agencies' regulatory authority, reflecting a broader conservative agenda.

Tom’s Hardware

U.S. bans Kaspersky and hands out sanctions to execs — 100 days until class-leading antivirus ban takes effect

Antivirus company Kaspersky Labs and several subsidiaries were banned from U.S. operations on Thursday, and customers had 100 days to find an alternative. The U.S. also sanctioned 12 executives.

The Independent UK

Cybersecurity firm Kaspersky denies it's a hazard after the US Commerce Dept bans its software

The cybersecurity firm Kaspersky has denied it is a security threat after the U.S. Commerce Department banned the use of its software in the United States

International Business Times

US Bans Russia's Kaspersky Antivirus Software

The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular antivirus products in the country on national security grounds, the US Commerce Department announced.

US Bans Use Of Russian Cybersecurity Firm's Software

The Biden administration bans US use of Kaspersky Lab software over national security concerns.

Costco earnings and inflation could rock markets this week

A host of big events will be packed into the holiday-shortened week on Wall Street.

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