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The Latest Breaking News from Commerce

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.

Tom’s Hardware

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.

International Business Times

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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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.

Roll Call

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.

International Business Times

3 E-Commerce Stocks Winning the Holiday Shopping War

Amidst the social media trends, changing customer preferences, and convenience of online purchasing, the e-commerce market is thriving. Therefore, it might be a good time for investors to scoop up the shares of top e-commerce companies such as Amazon.com (AMZN), Walmart (WMT), and CarGurus (CARG), which are winning the holiday…

StockNews.com

SkyWater Technology Shares Rise As Semiconductor Maker Secures $16 Million In Federal Funds

SkyWater shares are up following an announcement about securing up to $16 million in funding administered by the U.S. Department of Commerce.

Benzinga

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US sanctions still allow Huawei 'case-by-case' access to chip-making equipment

The chair of the China Select Committee has criticized Biden’s anti-China sanctions for not being uniform and effective.

TechRadar

China stacked the deck against Augusta-made golf carts. Here’s what America did about it

"We’re glad to see the U.S. Department of Commerce take a stand for American manufacturers and workers."

USA Today Sports Media Group

US expands list of Chinese technology companies under export controls

The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips

The Independent UK

US Unveils Fresh Export Curbs Targeting China's Chip Sector

The United States announced new export restrictions Monday taking aim at China's ability to make advanced semiconductors -- used in weapon systems and artificial intelligence -- as competition deepens between the world's two biggest economies.

International Business Times

The ‘Trump bump’ has survived tariff announcements—but will it survive the good, the bad, and the unknown in his cabinet?

Trump's picks fit into three groups: the fortifiers (the good), the detractors (the bad), and the mercurial influencers who might do good or harm.

Fortune

Intel To Receive Nearly $8 Billion In Federal Funding Under CHIPS Act for US Expansion

Intel receives $7.86B in funding from U.S. Department of Commerce under CHIPS Act, supporting semiconductor manufacturing and creating jobs.

Benzinga

Trump To Face Less Internal Pushback In New Term: Ex-commerce Chief

Donald Trump's staff choices will ensure he faces less internal pushback on his aggressive economic policies, such as tariff hikes, than during his first term, former commerce secretary Wilbur Ross told AFP Monday.

International Business Times

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Fortune

Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet

The controversial Tether is reportedly facing a probe from both the Justice and Treasury departments.

International Business Times

Trump Reportedly Considering First-Ever White House Role For Crypto Policy

Donald Trump is reportedly considering creating the first-of-its-kind position in the White House that will focus on crypto policy, and crypto users already have candidates in mind, including very familiar names.

Fortune

Trump’s commerce secretary pick Howard Lutnick: A Wall Street titan who lost his brother—and nearly 70% of his employees—in the 9/11 attacks

Some call Howard Lutnick the “most hated man on Wall Street.” Others applaud his business acumen and consistent charity efforts after the World Trade Center devastation.

Reason

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.

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International Business Times

Bitcoin Hits $94K On CoinGecko For The First Time

Bitcoin had a good run Tuesday amid multiple positive developments around the world's largest cryptocurrency, including optimistic remnants associated with Donald Trump's win and continuing interest in corporate Bitcoin strategies.

Top News

Trump To Announce Treasury Secretary Pick Tomorrow

President-elect Trump is finalizing his choice for Treasury Secretary after delays. Howard Lutnick's nomination for Commerce Secretary has cleared the way ...

Top News

Linda Mcmahon Expected To Be Named Education Secretary

President-elect Trump's transition team considers Linda McMahon for Education Secretary after Commerce Secretary position is filled.

Top News

Trump Announces Cabinet Picks For Commerce And Healthcare Positions

President-elect Trump's transition progress includes key appointments in commerce, healthcare, and confirmation facilitation.

International Business Times

Trump Names China Hawk Howard Lutnick As US Commerce Secretary

US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration.

Top News

Howard Lutnick Named Commerce Secretary By President-Elect Trump

President-elect Trump nominates Howard Lutnick as Commerce secretary, signaling focus on trade policies.

Fortune

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.

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