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The Latest Breaking News from Commerce

Howard Lutnick Says Elon Musk Got DOGE 'Backward,' Focused On Firing Instead Of Cutting Government Waste

On Friday, Commerce Secretary Howard Lutnick criticized Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's leadership of the Department of Government Efficiency or DOGE, saying the billionaire prioritized firing workers over slashing waste, fraud and abuse, undermining the initiative's original mission.

Benzinga

US, Japan To Share Profits From $550 Billion Tariff Deal Until Investment Is Recovered, Says Lutnick

Howard Lutnick, the Commerce Secretary, has announced that the U.S. will share the profits from projects funded by Japan through the new tariff deal.

Benzinga

WATCH: The premiere of The Axios Show featuring Howard Lutnick

Commerce Secretary Howard Lutnick joins Axios for the first episode of The Axios Show.

Axios

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‘You know what we get? Zero’: Trump wants half the profits from university patents funded by taxpayers

Trump wants a cut of university patents... because apparently taxpayers own science now.

We Got This Covered

Adobe patches 'most severe' flaw in Magento eCommerce platform

A bug named SessionReaper allows for full account takeover.

TechRadar

After Intel, Nvidia, Trump Administration Eyes Share In University Patents, Says Howard Lutnick: 'How Do We Not Get Our Money Back'

Howard Lutnick, the Commerce Secretary, suggested that the U.S. government might pursue a portion of the proceeds from patents created at leading universities with federal funding.

Benzinga

Commerce without clicks: the infrastructure behind visibility

AI commerce compresses customer journeys, demanding machine-readable brand infrastructure.

TechRadar

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Howard Lutnick Calls H-1B Visa A 'Scam,' Proposes Major Overhaul, Gold Card As Alternatives: 'Going To Change The Green Card'

Commerce Secretary Howard Lutnick has criticized the H-1B visa system that displaces American workers. Lutnick has suggested a new ‘Gold Card’ program as an alternative.

Benzinga

White House reveals nebulous plans to put government data on the blockchain — 'The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto president'

The White House announced plans to put statistics on 'the blockchain' for... reasons.

Tom’s Hardware

US Considering Equity Stakes In Defense Contractors And More

US government exploring equity stakes in private businesses, focusing on defense contractors and strategic investments. Implications on economy and nationa...

Top News

Even Marjorie thinks Trump has lost the plot as she breaks with him over his latest anti-MAGA plan

MTG just called out Trump on Chinese students... awkward.

We Got This Covered

Will Trump Take a Stake in Palantir Stock Next?

The U.S. Commerce Secretary says the Trump administration is considering a stake in major defense contractors. Here’s why the government may acquire one in Palantir, and what it will mean for PLTR shares.

Barchart

U.S. gov't seizes $7.4 billion semiconductor research fund created under Biden admin, calling it 'illegal' — Lutnick says fund 'served as a semiconductor slush fund that did nothing but line the pockets of Biden loyalists with American tax dollars'

The US Commerce Department of the Trump administration has pulled back billions of dollars in funding for a non-profit aimed at promoting US chip design and fabrication, suggesting that its appointment under the Biden administration somehow made it inappropriate for distributing taxpayer funds.

Tom’s Hardware

US And Japan Set To Announce $550 Billion Mega Investment Deal, Says Howard Lutnick, But Tokyo Reportedly Resists Binding Terms

The U.S. government is preparing to formally announce a massive $550 billion investment from Japan this week, as stated by Commerce Secretary Howard Lutnick.

Benzinga

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Tom’s Hardware

U.S. gov't will take a 9.9% ownership stake in Intel — Trump administration won't get a board seat and is set to serve as passive investor (Update)

The US government and Intel have come to a deal to give the US a 9.9% stake in the chipmaker's business.

Fortune

Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’

Commerce Secretary Howard Lutnick previously said the U.S. government should receive equity in return for the CHIPS Act cash grants Intel has received.

Benzinga

Howard Lutnick's 'Insulting' Words Trigger Backlash In Beijing As Regulators Pressure Alibaba, ByteDance To Shun Nvidia Chips: Report

Beijing has reportedly moved to curb sales of Nvidia Corporation's (NASDAQ:NVDA) China-specific AI chip after U.S. Commerce Secretary Howard Lutnick made remarks about export policy that Chinese officials reportedly found "insulting."

Fortune

How once-iconic Intel fell into a 20-year decline

Its CEO is under fire. It has lost its edge. And it’s still the only U.S. company with the know-how to make leading-edge chips in America.

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Tom’s Hardware

Nvidia H20 GPUs reportedly caught up in U.S. Commerce Department's worst export license backlog in 30 years — billions of dollars worth of GPUs and other products in limbo due to staffing cuts, communication issues

The U.S. Commerce Department is so behind on approving export licenses that billions of dollars worth of GPUs and other products are stuck in limbo waiting to be shipped, in the worst case of license stalling in over 30 years.

Barchart

Cocoa Prices Sharply Lower on the Outlook for Adequate Supplies

September ICE NY cocoa (CCU25 ) on Friday closed down -274 (-3.22%), and September ICE London cocoa #7 (CAU25 ) closed down -165 (-2.92%). Cocoa prices settled sharply lower Friday as supply concerns eased on speculation that cocoa will be exempt from President Trump's tariffs. US Commerce Secretary Lutnick noted...

Barchart

Cocoa Prices Fall as Supply Concerns Recede

September ICE NY cocoa (CCU25 ) today is down -223 (-2.62%), and September ICE London cocoa #7 (CAU25 ) is down -150 (-2.65%). Cocoa prices are sharply lower today as supply concerns eased on speculation that cocoa will be exempt from President Trump's tariffs. US Commerce Secretary Lutnick noted earlier...

Benzinga

Mark Cuban Says This Trump Administration Move Is 'One Of the Dumbest….'

Billionaire investor Mark Cuban blasted a Commerce Department plan under discussion to charge patent holders a percentage of their patent value, calling it "one of the dumbest ideas in the history of business."

Barchart

Reduced Tariff Risks Weigh on Arabica Coffee

September arabica coffee (KCU25 ) on Wednesday closed down -3.10 (-1.05%), and September ICE robusta coffee (RMU25 ) closed up +66 (+1.97%). Coffee prices settled mixed on Wednesday, with robusta coffee climbing to a 2-week high. Arabica coffee was under pressure for a second day Wednesday after Commerce Secretary Lutnick...

Barchart

Arabica Coffee Slips as Brazil Tariff Fears Ease

September arabica coffee (KCU25 ) today is down -3.60 (-1.21%), and September ICE robusta coffee (RMU25 ) is up +59 (+1.76%). Coffee prices today are mixed, with robusta coffee climbing to a 2-week high. Arabica coffee is under pressure for a second day today after Commerce Secretary Lutnick said Tuesday...

Fortune

Trump has given Powell 'no motivation to cooperate' says former White House commerce secretary—he might now be paying the price for it

Trump's former commerce secretary, Wilbur Ross, tells Fortune that President Trump has given the Fed an unwinnable dilemma.

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