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The Latest Breaking News from Commerce

Trump taps billionaire crypto booster Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary

Scott Bessent, Key Square Capital CEO, is considered front-runner for the Treasury spot.

Fortune

Trump To Nominate Howard Lutnick Lead Commerce Department: Reports

The Wall Street financier had been in the running for Treasury secretary.

International Business Times

Howard Lutnick Likely To Be Nominated As Secretary Of Commerce

President-elect Trump considers Cantor Fitzgerald CEO Howard Lutnick for secretary of Commerce, highlighting focus on business and economic issues.

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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.

Roll Call

Elon Musk’s bromance with Donald Trump isn’t going down that well in MAGAworld anymore

ANALYSIS: He may have reached ‘uncle status’ with Trump’s granddaughter Kai, but Musk has already started to fall out with the people surrounding the president-elect. That hasn’t stopped him continuing to push to influence Cabinet picks, John Bowden reports

The Independent UK

Commerce Department finalizes $6.6 billion in chips subsidies for TSMC

Only about 10% of the world’s semiconductors are manufactured in the U.S.

Fortune

3 Stocks to Buy in the Booming E-Commerce Sector

Owing to advancements in technologies, surging cross-border trade opportunities, and shifting consumer preference for convenience, the e-commerce sector is booming. Thus, fundamentally sound e-commerce stocks such as Amazon.com (AMZN), Alibaba Group Holding (BABA), and eBay (EBAY) could be attractive buys for now. Continue reading.

StockNews.com

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Huawei is dodging advanced chip sanctions through suppliers, claims US Select Committee

Commerce Secretary told that US regulations should be tighter to prevent Huawei and others from accessing chips.

TechRadar

Biden-Harris Administration Invests 0M In Wolfspeed For Chip Manufacturing

Biden-Harris administration allocates 0 million to Wolfspeed for silicon carbide technology, boosting U.S. manufacturing capabilities.

Top News

The Appointments Clause Goes Fishing

A successful appointments clause challenge to Regional Fishery Management Councils. (Updated to fix block quotes)

Reason

China Says Raised 'Serious Concerns' With US Over Trade Curbs

The United States and China on Tuesday raised concerns about trade between the world's two biggest economies, with China's commerce minister urging Washington to lift sanctions on his country's firms "as soon as possible".

International Business Times

Commerce Department Bans Chinese Car Components

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

Reason

Citing security concerns, the US is now looking to ban Chinese and Russian-made vehicles

The U.S. Department of Commerce has proposed a ban on electric vehicles from China and Russia amid concerns regarding citizen privacy and national security.

TechRadar

Commerce Department Seeks Ban On Chinese And Russian Vehicle Tech

Commerce Department plans to ban Chinese and Russian software and hardware in U.S. connected vehicles for national security reasons.

Top News

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US Commerce Department Proposes Ban On Chinese, Russian Smart Vehicle Tech

US Commerce Department proposes ban on smart vehicles using Chinese or Russian technology over national security concerns. Effort to secure US-China comput...

The Independent UK

Ban sought for Chinese, Russian software and hardware used in autonomous vehicles on US roads

A ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware is being sought by the U.S. Commerce Department, with the stated goal of protecting national security and U.S. drivers

InsideEVs

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.

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.

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Radio France Internationale

EU, China hold 'constructive' talks on electric vehicle tariffs but still no agreement

EU Trade Commissioner Valdis Dombrovskis reported positive progress in discussions with Chinese Commerce Minister Wang Wentao on Thursday. The talks come as China aims to negotiate an agreement with the European Union to prevent the imposition of high tariffs on electric vehicles (EVs) exported to EU countries.

Tom’s Hardware

U.S. Govt pushes Nvidia and Apple to use Intel's foundries — Department of Commerce Secretary Raimondo makes appeal for US-based chip production

Intel CEO Pat Gelsinger expressed his frustrations about American tech companies' use of TSMC for their chip requirements during a meeting with Secretary Raimondo. The latter then encouraged investors in private sessions to use American foundries for their chip-making needs.

StockNews.com

3 E-Commerce Stocks to Buy as Online Shopping Thrives

With changing consumer preferences, rising online shopping trends, and AI adoption, the e-commerce industry is flourishing. Thus, fundamentally sound e-commerce stocks eBay (EBAY), Liquidity Services (LQDT), and Natural Health Trends (NHTC) could be ideal buys. Keep reading.

TechRadar

US lawmakers urge probe into TP-Link over fears of possible cyberattacks

TP-Link Wi-Fi routers are a threat to US national security, lawmakers say.

TechRadar

The first set of standards for post-quantum cryptography have been published — here's what it means for you

Q-Day is on the horizon, with NIST revealing encryption standards to protect the internet for when it arrives.

StockNews.com

3 Retail REITs to Buy for E-Commerce Growth

Amid wide potential for e-commerce growth and rapid technological advancements, retail REITs could be ideal investment choices for reliability, regular passive income, and stability. Therefore, it could be wise to invest in top retail REITs Alexander's, Inc. (ALX), EPR Properties (EPR), and Simon Property Group, Inc. (SPG) for future gains.…

StockNews.com

3 Pet Care Stocks to Watch

The pet care industry’s robust expansion is driven by rising disposable income, adoption of e-commerce platforms, and rising pet ownership. Therefore, investors could consider watching fundamentally sound pet care stocks, Zoetis (ZTS), IDEXX Laboratories (IDXX), and Chewy (CHWY). Keep reading.

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