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The Latest Breaking News from Department of Commerce

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

China's LONGi denies circumventing US tariffs on solar panels

BEIJING: Chinese solar panel maker LONGi Green Energy Technology Co Ltd said on Monday it will provide evidence to show it is complying with US laws after the US Department of Commerce found it to be circumventing tariffs.

Bangkok Post

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Hard-drive maker Seagate Tech faces China sanctions warning

Seagate Technology says the U.S. Department of Commerce has warned it may charge the computer hard-drive maker with violating restrictions on exports of high-tech products to China

The Independent UK

Biden admin slaps new sanctions on Russia after annexation

The new sanctions have been imposed on hundreds of Russian government officials and their family members.

Axios

US CHIPS off the Chinese block

Semiconductors, one of the most important innovations of the last century, are now crucial inputs in mobile phones, personal computers, educational technologies, vehicles, heavy machinery, medical instruments, military equipment and much more.

Bangkok Post

What’s in the recently passed CHIPS Act?

The CHIPS Act contains more than $50 billion to support the domestic semiconductor industry.

USAFacts

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Andhra Pradesh: FCV tobacco crop size for 2022-23 pegged at 142 million kg

It is slightly more than the size fixed the previous year

The Hindu

Solar projects are on hold as U.S. investigates whether China is skirting trade rules

A federal investigation of allegations that China is illegally avoiding duties on solar panels sold to U.S. companies is putting the brakes on the nation's solar power build-out.

WEKU

Is NextEra Energy a Good Stock to Add to Your Dividend Portfolio?

Utility company NextEra Energy (NEE) has an impressive dividend paying record, which is attractive to income investors. However, the company has cited the Department of Commerce’s probe of solar imports as a delay to its solar and storage projects. So, let's discuss whether NEE is the right choice to add…

StockNews.com

The U.S. just took a big step toward regulating AI

The Department of Commerce appointed the National AI Advisory Council members this week.

Input

US Takes Enforcement Actions Against Russian Airlines On Export Violations

The U.S. Commerce Department issued orders denying the export privileges for Aeroflot, Azur Air, and UTair, stating that the three Russian airlines violated American export controls imposed on Russia in the wake of the Ukraine war. The decision comes after the U.S. identified more than 170 Boeing Co (NYSE:BA) planes used by Russian airlines…

Benzinga

Bureau looking at adjusting for undercounts in some numbers

The U.S. Census Bureau is looking at ways to possibly adjust its annual population estimates to account for the undercounts of some minority groups in the 2020 census numbers

The Independent UK

Amazon Remains JPMorgan's Top Overall Idea In Internet

JPMorgan analyst Doug Anmuth says Amazon.com Inc (NASDAQ:AMZN) remains his top overall idea in the internet space. The re-rating came after the Department of Commerce released Q4 U.S. e-commerce sales of $258 billion, shy of the firm's $270 billion estimates. The e-commerce sales were due to a softer than expected holiday season, the continued resurgence…

Benzinga

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Benzinga

This Day In Market History: The Department Of Commerce And Labor Is Born

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Feb. 14, 1903, under the Roosevelt administration, Congress established the U.S. Department of Commerce and Labor.

Benzinga

Farmaceuticalrx Launches Operation Of Ohio Medical Marijuana Cultivation Business

Farmaceuticalrx announced that it has received final certification to commence operations as a medical marijuana cultivator from the Ohio Department of Commerce. The approval makes the Pittsburgh-based company vertically integrated operator in Ohio.

RideApart

Semiconductor Shortage To Persist Finds US Department Of Commerce

A recent US Department of Commerce survey of 150 companies finds that most manufacturers only have a five-day supply of microchips on hand.

Input

Biden administration concedes it can't do much to end the chip shortage

The Department of Commerce's first silicon supply chain report is bleak, to say the least.

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