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The Latest Breaking News from Commerce

Why does Trump want a US sovereign wealth fund?

Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.

Al Jazeera

Senate Committee Approves Lutnick's Nomination For Commerce Secretary

Senate Commerce Committee approves Howard Lutnick's nomination for commerce secretary with bipartisan support. Stay updated on the confirmation process.

Top News

Social policy cuts likely from swath of tech initiatives - Roll Call

Commerce secretary nominee Howard Lutnick may cut tech initiative spending such as semiconductor subsidies or broadband expansion.

Roll Call

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Senate panel advances Lutnick for Commerce secretary - Roll Call

The Senate Commerce, Science and Transportation Committee advanced Howard Lutnick’s nomination to lead the Commerce Department.

Roll Call

Billionaire Lutnick To Sell Business Holdings, Support Tariffs

Howard Lutnick, potential Commerce Secretary, supports Trump's trade policies, plans to divest business interests, and survived 9/11.

Top News

Trump's Pick for Commerce Secretary Wants More Industrial Policy for Chipmakers

Howard Lutnick told senators that CHIPS Act subsidies were "an excellent down payment."

Reason

Crude Prices Sink on Bigger US Inventories and Easing of Tariff Concerns

March WTI crude oil (CLH25 ) Wednesday closed down -1.15 (-1.56%), and March RBOB gasoline (RBH25 ) closed down -0.0150 (-0.72%). Crude and gasoline prices Wednesday settled moderately lower, with crude falling to a 2-1/2 week low. Crude was under pressure Wednesday from a stronger dollar, and after the weekly...

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Commerce Secretary Nominee Advocates For Across-The-Board Tariffs

Howard Lutnick advocates for across-the-board tariffs to promote fairness and reciprocity in global trade relationships.

Top News

Trump Commerce Secretary Pick Howard Lutnick Issues Tariff Warning: 'We Need That Disrespect To End'

The Wall Street financier was facing a confirmation hearing in front of the Senate Commerce Committee on Wednesday.

International Business Times

Trump's Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days

Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days

The Independent UK

Commerce pick Lutnick defends tariffs, funding freeze - Roll Call

Howard Lutnick, Trump’s pick for Commerce Department head, told senators Wednesday he'll crack down on those who treat the U.S. “horribly.”

Roll Call

J.D. Vance Endorses Howard Lutnick For Commerce Secretary

Vice President J.D. Vance endorses Howard Lutnick for Commerce Secretary, highlighting his innovation and sales skills.

Top News

Commerce oversees everything from weather and salmon to trade and census − here are 3 challenges awaiting new secretary

The U.S. secretary of commerce oversees the smallest but arguably most complex of all Cabinet-level departments.

The Conversation

This Stock Just Announced a Deal With OpenAI. Could It Be an Unexpected Buy?

eBay’s partnership with OpenAI could redefine e-commerce innovation and secure long-term growth.

Barchart

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Fortune

Trump won't deliver on maximum tariff pledges, says his former commerce secretary

EXCLUSIVE: Wilbur Ross, who served as commerce secretary in Trump’s first cabinet, said the president will not have to follow through on tariff threats.

Fortune

With Trump 2.0, the balance of power shifts from banks to Silicon Valley

What the new administration could mean for financial technology—and beyond.

Tom’s Hardware

Trump administration will back CHIPS and Science Act hints outgoing Commerce Secretary

Next U.S. Commerce Secretary reportedly plans to continue implementing CHIPS and Science Act program.

Fortune

Trump will be more 'confident' in second presidency, says his former commerce secretary—and Elon Musk won't present a problem

EXCLUSIVE: President-elect Trump will be buoyed in his second round at the White House by experience and a team already in place, said former Secretary of Commerce Wilbur Ross.

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news in one place.

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TechRadar

Chinese cars are close to a US ban – and that could make EVs a lot more expensive

As part of a crackdown on vehicle software and hardware from China, the Biden Administration has finalized its rules for banning Chinese EVs in the US market.

StockNews.com

3 Niche Transportation Stocks Moving Markets

With rising global trade operations, the prevalence of e-commerce platforms, and improving accessibility, the prospects of the transportation market appear promising. Amid this, investors could consider buying robust transportation stocks FedEx Corporation (FDX), Matson (MATX), and Teekay Corporation (TK) for substantial gains in 2025. Read more.

Tom’s Hardware

TSMC's Arizona Fab 21 is already making 4nm chips — yield and quality reportedly on par with Taiwan fabs

U.S. Commerce Secretary confirms that TSMC's fab near Phoenix, Arizona, is already producing chips.

International Business Times

US Mulls New Restrictions On Chinese Drones

The United States is considering new rules to address risks posed by drones with tech from foreign adversaries like China and Russia, the Commerce Department said Thursday.

Salon

Democrats' first battle of 2025: Doge

Why the new year must begin in defense of federal workers

PC Gamer

PC Gamer's biggest hardware stories of 2024: Elon Musk, the rise and rise of AI, brilliant builds, the humbling of big tech giants, orb pondering aplenty, and much more

Looking back at another year of head-turning headlines, as decided by you.

Tom’s Hardware

US Senate finds Commerce Department’s efforts to enact bans and sanction “inadequate” — investigation finds agency underfunded, must rely on voluntary compliance by chipmakers

The U.S. Senate found that the Department of Commerce isn't effective in enforcing Washington's bans and sanctions due to lack of funding.

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