Nike shares soar 15% on its production shift away from China, but warns of a $1 billion tariff hit
Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But ...
Tag: Commerce
US stocks sink with the US dollar’s value as investors retreat further from the United States
U.S. stocks are sinking Monday as investors pull away from the United States because of the uncertainty caused by President ...
Commerce Secretary Howard Lutnick says tariff exemption on electronic devices is temporary and semiconductor duties will come in ‘a month or two’
Secretary of Commerce Howard Lutnick said the tariff relief on electronic devices is only temporary and new tariffs on tech ...
The ‘competition going on for supremacy’ between China and the U.S. may create benefits, says International Chamber of Commerce secretary general
The tech race between the U.S. and China may have future benefits for the global industry, according to the International ...
Senate confirms Trump commerce secretary pick Howard Lutnick, who will spearhead hardline trade agenda
Lutnick will likely to spend a lot of time managing the president's aggressive plans to impose import taxes on U.S. ...
US Senate Panel Approves Crypto Advocate, Billionaire Howard Lutnick For Commerce Secretary
The Senate Commerce, Science, and Transportation Committee advanced the candidacy of Howard Lutnick, a crypto proponent and billionaire entrepreneur, to ...
Silicon Valley Deal Maker to Join Commerce Dept.
One of Silicon Valley’s star investment bankers is expected to take a senior job at the Commerce Department, becoming the ...
Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
Intel CEO Patrick Gelsinger speaks prior to President Joe Biden's remarks at Intel Ocotillo Campus on March 20, 2024 in ...
Intel getting help from Commerce Secretary Raimondo as part of effort to spur U.S. production
Secretary of Commerce Gina Raimondo listens as President Joe Biden participates virtually in a meeting on the Creating Helpful Incentives ...
Huawei’s 7-nanometer chip breakthrough is ‘years behind what we have,’ U.S. Commerce Secretary says
US Commerce Secretary Gina Raimondo said Huawei Technologies Co.’s latest phone shows that China remains behind on cutting-edge chip technology. ...
