Big fines coming for US export violations, says ex-Commerce official, as China sales probed
The U.S. Commerce Department is likely to impose hefty fines on companies in the coming months for illegally shipping ...
US consumer spending posts first drop in almost two years
U.S. consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record ...
US consumers cut spending in January more drastically than at any point in the last four years
A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White ...
Fabricated news report falsely claims US banned China's blockbuster 'Ne Zha 2'
The United States has not issued an emergency order banning China's most successful blockbuster animated film "Ne Zha 2" ...
Postal Service braces for potential takeover by Trump's Commerce Department
Trump said Friday that his new commerce secretary, Howard Lutnick, “will be looking” at the U.S. Postal Service.
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Georgia Democrats push to shield USPS from being absorbed by Commerce Department
HR 70 aims to keep the United States Postal Service as an independent entity and prevent its absorption into the Department of Commerce, a move suggested by President Donald Trump. The resolution ...
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Howard Lutnick Confirmed as 41st United States Secretary of Commerce; Steps Down as BGC Group Chairman of the Board and Chief Executive Officer
NEW YORK, Feb. 18, 2025 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC" or the "Company"), a leading global brokerage and financial technology company, today announced Howard W. Lutnick ...