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The Latest Breaking News from Commerce

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...

Barchart

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

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

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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

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.

Fortune

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.

Tom’s Hardware

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.

Fortune

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.

TechRadar

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.

StockNews.com

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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.

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news in one place.

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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.

StockNews.com

3 E-Commerce Stocks to Watch This Holiday Season

The e-commerce industry is booming due to the continuous expansion of internet services, rising demand for online platforms, and advanced technologies like AI. Also, considering the holiday season, it could be wise to consider quality e-commerce stocks Shopify (SHOP), MercadoLibre (MELI), and Carvana (CVNA). Continue reading.

Tom’s Hardware

US Department of Commerce finalizes $458 million grant for SK Hynix to build Indiana packaging plant — plans to lend an additional $500 million for Lafayette project

SK Hynix gets $458 million from the U.S. government via the CHIPS Act to build an HBM packaging plant in Indiana.

International Business Times

What To Know About A Blockchain Measure Included In The Shutdown-Averting Stopgap Bill

Congressional leaders unveiled a 1,547-page stopgap bill to avert a government shutdown that could have kicked off Saturday, and squeezed into the bill is a measure that specifically tackles the deployment of blockchain technology.

The Independent UK

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

Roll Call

At House Science, Babin aims to boost commercial spaceflight - Roll Call

Rep. Brian Babin, incoming chairman of the House Science Committee, is an outspoken advocate for greater commercial access to space.

International Business Times

Cantor Fitzgerald, Run By Trump's Commerce Department Pick, Accused Of Misleading Investors

The global financial services firm paid $6.75 million to settle the charges brought by the Securities and Exchange Commission.

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