The Latest Breaking News from the Commerce Department

The longest bear market since 1948 came to an end last week as the bulls took over. That might not last.

Stock futures higher ahead of key market tests; Week Ahead: Fed, inflation, retail sales in focus; Biogen surges as FDA panel gives final nod to Alzheimer's treatment; Oracle set for new record high ahead of Q4 earnings and Silvio Berlusconi, billionaire media mogul and former prime minister of Italy, dies…

Washington (AFP) - New home sales in the United States defied expectations to hit a one-year high in March, the Commerce Department said Tuesday, as a lack of existing homes bolstered demand in the market for new properties.

Washington (AFP) - New home sales in the United States grew more than anticipated in March, the Commerce Department said Tuesday, as a lack of existing homes continued bolstering demand in the market for new properties.

WASHINGTON: United States authorities on Wednesday imposed a US$300 million penalty on Seagate Technology, to resolve alleged violations of export controls related to selling hard disk drives to Huawei Technologies, the Commerce Department said.

Washington (AFP) - US authorities on Wednesday imposed a $300 million penalty on Seagate Technology, to resolve alleged violations of export controls related to selling hard disk drives to Huawei Technologies, the Commerce Department said.

The Biden administration and lawmakers are drawing up plans to screen and potentially restrict U.S. investment flowing to China’s tech sector, but the effort is already sparking debate about how far-reaching it should be.

The U.S. appears headed to screening of outbound investment in China’s technology sector amid a debate about which tech should be covered.

A bipartisan measure would strike down an administration waiver of tariffs on solar energy equipment from four countries in Southeast Asia.