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The Latest Breaking News from Commerce Department

Apple and Google app stores get thumbs down from White House

The Biden administration is taking aim at Apple and Google for operating mobile app stores it says stifle competition

The Independent UK

US Curbs Exports to Iranian Firms for Producing Drones for Russia

The United States on Tuesday put new trade restrictions on seven Iranian entities for producing drones that Russia has used to attack Ukraine, the US Department of Commerce said. The firms and other organizations were added to a US export control list for those engaged in activities contrary to US…

Asharq Al-Awsat

House Science Committee chair looks to make NOAA an independent agency

NOAA has always been an awkward fit in the Department of Commerce.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

US economy slowed but still grew at 2.9% rate last quarter

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession

The Independent UK

Dow Jones Rallies 250 Points; What To Do Now; 10 Best Stocks To Buy And Watch Now

Dow Jones futures were little changed after the Dow Jones Industrial Average rallied 253 points Monday. These are 10 best stocks to buy and watch.

Investors Business Daily

Dow Jones Rises As Dollar Fades; Economic Data, Earnings Reports Due; AMD Surges On Upgrade

The Dow Jones rose Monday ahead of a busy week of key economic data and earnings reports, with Tesla earnings due out Wednesday.

Investors Business Daily

Key inflation gauge cools, US consumer spending misses forecasts

The Federal Reserve’s preferred inflation measures eased in November while consumer spending stagnated, suggesting the central bank’s interest-rate hikes are helping to cool both price pressures and broader demand — with more tightening on the way.

Tribune News Service

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An inflation meaasure watched by the Fed eases to 5.5%

A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing

The Independent UK

China Trying To Fight Back US Ban on Its Chip Industry

On Thursday, the U.S. government broadened its crackdown on China’s chip industry by adding memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a Commerce Department trade blacklist.

The News Lens

Fade The CPI; This New Fed Inflation Chart Is Key For S&P 500

The Fed has a favorite new core inflation chart. While soft CPI data may lift the S&P 500, it may not avert a hawkish surprise a day later.

Investors Business Daily

US to expand solar panel tariffs after probe finds Chinese evasion

The United States will impose new duties on imports from some major Chinese solar panel makers after a months-long investigation found they were trying to dodge tariffs by finishing their products in Southeast Asian countries, trade officials said on Friday.

Bangkok Post

US inflation indicator rises by less than forecast as spending increases

A key gauge of U.S. consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling inflation without sparking a recession.

Tribune News Service

Dow Jones Falls After Key Economic Data; Powell Speech Next; CrowdStrike Plunges On Earnings

The Dow Jones Industrial Average fell Wednesday ahead of Fed Chair Jerome Powell's speech. CrowdStrike stock plunged 20% on earnings.

Investors Business Daily

US Stocks In For Another Tough Day After Fed Rate Hike As Nasdaq, S&P 500 Futures Fall — Roku, Qualcomm Plunge On Earnings Disappointment

The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed…

Benzinga

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Tribune News Service

Chip makers offer big investments as they jockey for federal aid

WASHINGTON — The world’s top semiconductor makers have announced in recent months long-term U.S. investments that could rise to more than $400 billion, citing support from a new federal aid program for which the rules have yet to be written.

Roll Call

Chipmakers offer big investments as they jockey for federal aid - Roll Call

The jockeying for federal money for semiconductor manufacturing has begun as global producers announce big investment plans.

France 24

Why semiconductors are central to world economy, geopolitics

The Chinese Communist Party Congress opens in Beijing on October 16, a week after Washington imposed tight restrictions on exports of invaluable semiconductor technology to China in a bid to stop it from surpassing the US economically and militarily. As semiconductors emerge as a key battleground, FRANCE 24 spoke to…

Tribune News Service

‘No possibility of reconciliation’ as US slams China chips

The Biden administration’s new restrictions on technology exports to China could undercut the country’s ability to develop wide swaths of its economy, from semiconductors and supercomputers to surveillance systems and advanced weapons.

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Tribune News Service

China says Biden’s new chip technology curbs will harm recovery

China criticized expanded U.S. restrictions on its access to semiconductor technology, saying they’ll harm supply chains and the world economy.

Tribune News Service

Biden tightens China chip rules on chaotic day for industry

The Biden administration announced new restrictions on China’s access to U.S. semiconductor technology, escalating tensions between the two countries and adding fresh complications to an industry reeling from a slump in demand.

The Independent UK

Commerce tightens export controls on high end chips to China

The Commerce Department is tightening export controls to limit China’s ability to get advanced computing chips, develop and maintain supercomputers, and make advanced semiconductors

Tribune News Service

White House adds new restrictions on chip exports to China

The Biden administration announced new restrictions on China’s access to U.S. semiconductor technology, adding measures aimed at stopping Beijing’s push to develop its own chip industry and advance the country’s military capabilities.

Tribune News Service

Secretive chip startup may help Huawei circumvent US sanctions

When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off from buying American semiconductors and other critical technologies. Now Huawei may have a path around those restrictions.

The Independent UK

Former Trump aide jailed after admitting possession of child sexual abuse images

Adam Hageman was arrested in November 2020 after federal agents raided his home

Asharq Al-Awsat

US Imposes Sanctions on Russia over Annexation of Swath of Ukraine

The United States on Friday imposed sweeping sanctions on Russia over its declared annexation of a swath of Ukraine, targeting hundreds of people and companies, including those in Russia's military-industrial complex and lawmakers. Washington acted after Russian President Vladimir Putin on Friday proclaimed the biggest annexation in Europe since World…

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