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The Latest Breaking News from Commerce

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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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.

Fortune

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.

International Business Times

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.

Fortune

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.

Reason

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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.

International Business Times

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.

Top News

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.

International Business Times

Howard Lutnick Named Commerce Secretary By President-Elect Trump

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

Top News

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

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International Business Times

Trump To Nominate Howard Lutnick Lead Commerce Department: Reports

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

Top News

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.

Roll Call

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.

The Independent UK

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

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Fortune

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.

StockNews.com

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.

TechRadar

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.

Top News

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.

Reason

The Appointments Clause Goes Fishing

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

International Business Times

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".

Reason

Commerce Department Bans Chinese Car Components

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

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