Latest U.S. Department of Commerce News
Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce
WASHINGTON (AP) — President-elect Donald Trump on Tuesday tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump has promised to dismantle. He also selected Dr. Mehmet Oz, a former television talk show host...
What to know about Howard Lutnick, Trump's pick for commerce secretary
WASHINGTON (AP) — President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary. The nomination would put Lutnick in charge of a sprawling Cabinet agency that is...
This week: housing starts, home sales, consumer sentiment
A look at some of the key business events and economic indicators upcoming this week. Building homes The Commerce Department releases data on Tuesday providing more insight into the health of the housing market. Industry analysts forecast that...
Next Week: Trade balance, Fed policy meeting, consumer credit
A look at some of the key business events and economic indicators upcoming Next week. OUT OF BALANCE The Commerce Department releases its latest monthly tally of the nation’s trade gap Tuesday. The gap between the value of goods and services the U.S....
Next Week: United Airlines earnings, retail sales, housing starts
A look at some of the key business events and economic indicators upcoming this week. SPOTLIGHT ON UNITED United Airlines delivers its latest quarterly report card Tuesday. Wall Street predicts that United will report lower earnings for the...
China says it will investigate fashion firm PVH for suspected boycott of Xinjiang products
BEIJING (AP) — China’s Commerce Ministry said Tuesday that it will investigate the fashion company PVH, which owns brands like Tommy Hilfiger and Calvin Klein, for suspected violations of trade rules. The ministry said in statements posted online that it would investigate the...
Biden administration seeks to ban Chinese, Russian tech in US autonomous vehicles
NEW YORK (AP) — The Commerce Department said Monday it's seeking a ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware with the stated goal of protecting national security and U.S. drivers. While there...
This Week: Consumer confidence, new U.S. home sales, tracking GDP
A look at some of the key business events and economic indicators upcoming this week. CONFIDENCE CHECK The Conference Board issues its monthly index of U.S. consumer confidence Tuesday. Economists expect the September reading slipped from August. A...
US retail sales ticked up last month in sign of ongoing consumer resilience
WASHINGTON (AP) — Americans spent a bit more at retailers last month, providing a small boost to the economy just seven weeks before Election Day as the Federal Reserve considers how much to cut its key interest rate. Retail sales ticked up 0.1% from July to August, after jumping...
Stock market today: Wall Street climbs as S&P 500 closes out fourth straight winning month
Stocks on Wall Street finished broadly higher Friday as the market closed out its fourth straight winning month with solid gains. A late-afternoon rally helped stocks bounce back from a midafternoon slide. The S&P 500 rose 1%, with about 76% of the stocks in the index notching...
