Department of Commerce

Alphabet‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Quantum AI turned down funding from the Trump administration for its quantum computing initiative, citing “conditions” that would have slowed down its progress. Charina Chou, Chief Operating Officer of Google Quantum AI,...

Microsoft Corp. (NASDAQ:MSFT), Alphabet Inc.‘s (NASDAQ:GOOGL) Google, and Elon Musk’s xAI have pledged to grant the U.S. government early access to their latest artificial intelligence models to facilitate preliminary national security risk assessments. The...

The Commerce Department, on Wednesday, initiated a call for proposals to assist American companies to “deliver full-stack AI technology packages to international partners”. The submission window for applications is open until June 30. Companies are expected to...

Space industry companies have reportedly made a plea to Congress, seeking to safeguard the funding for the Office of Space Commerce (OSC). What Happened: Over 450 U.S. space, satellite, and defense companies have petitioned the Subcommittee on Commerce, Justice, ...

Last week, U.S. President Donald Trump disclosed plans for a “major tariff” on foreign pharmaceuticals. BofA Securities analyst said if the Trump administration plans to impose tariffs on the pharmaceutical industry, it would likely do so through a “Section 232...

The U.S. has reportedly asked Nvidia, Apple’s key supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) to halt shipments of chips used in AI applications to customers from China. What Happened: The U.S. asked TSMC to not ship the advanced chips starting Monday in a letter from the...

Shares of U.S. solar stocks including Sunrun Inc. (NASDAQ: RUN), First Solar, Inc. (NASDAQ: FSLR), Solaredge Technologies Inc. (NASDAQ: SEDG) and Enphase Energy Inc. (NASDAQ: ENPH) are rising as a result of U.S. officials' discovery that four of the eight major Chinese solar companies...

The U.S. Department of Commerce has opened an inquiry into whether companies are circumventing anti-dumping and countervailing duty orders on steel rebar from Mexico by bending the product "at one or both ends."  The Commerce Department press release announcing the inquiry did not specify which...

The United States and Mexico have reached a deal to avoid a tomato anti-dumping investigation, ending a tense tariff dispute that had lingered for months. The deal was first announced by Mexico's Economy Minister Graciela Marquez on Twitter just before midnight August 20, according to Reuters. "...

FreightWaves features commentary from Market Voices – contributors with unique knowledge of numerous transportation/logistics/supply chain sectors, as well as other critical expertise. FedEx Corporation (NYSE: FDX) announced on June 24 that it is suing the U.S. Department of Commerce in the United...

This story was updated at 2:50 p.m. ET. The U.S. made friends with metalworkers Thursday, but not with anyone else. In a move terminating temporary exemptions, Commerce Secretary Wilbur Ross announced the U.S. will enforce 25-percent steel and 10-percent aluminum import tariffs on Canada, Mexico...

The United States and Mexico reached a preliminary sugar trade agreement on Tuesday, preventing the Department of Commerce from implementing antidumping and countervailing duties. Mexico made significant concessions, including cutting back exports of refined sugar the the U.S. At a news conference...

Steel stocks were up big on Tuesday ahead of the Department of Commerce hearing on the Section 232 probe. The DoC is set to come out with more details regarding the impact steel imports has on U.S. national security. Stock Movements United States Steel Corporation (NYSE: X): Up 5.27 percent. AK...

Lumber Liquidators Holdings Inc (NYSE: LL) is scheduled to report its second-quarter results on Wednesday before market open. The Estimize community is expecting the company to earn $0.05 per share on revenue of $257.24 million (based on six estimates) while the Wall Street consensus estimate is...

The trade deficit fell 11 percent as imports fell more than exports. While a drop in imports adds to GDP, as imports are a subtraction from domestic economic output, it could signal companies may desire to keep inventories low if they expect weaker sales ahead. The 0.4 percent dip in retail sales...