Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.
Category: Commerce Department
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Inflation Ticked Up in December, Fed’s Preferred Measure Shows
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
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Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Howard Lutnick disclosed details of complex financial interests, including at least $800 million in assets and positions in more than 800 companies.
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A Trump Oligarchy Is Moving to Washington, and Buying Up Prime Addresses
Billionaires and multimillionaires are flocking to a city where power has been more important than money, but is now deeply intertwined with it.
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Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.
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U.S. Weighs Ban on Chinese Drones, Citing National Security Concerns
The Commerce Department requested that private companies comment on the implications of the rule by March. The final decision will fall to the Trump administration.
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U.S. Takes Aim at China’s Production of Essential Chips
The older-style chips are crucial for a wide array of appliances and other machinery, including weaponry.
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Nvidia’s Global Chips Sales Could Collide With US-China Tensions
The chipmaker expects more than $10 billion in foreign sales this year, but the Biden administration is advancing rules that could curb that growth.
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Biden Prepares to Target Chinese Legacy Chips With Trade Investigation
The investigation could result in tariffs on older types of chips from China, though the decision would ultimately fall to Trump.
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Commerce Dept. Is on the Front Lines of China Policy
The department has confronted the challenge of China by restricting key exports, a policy that is likely to continue in the Trump administration.
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Biden Targets China’s Chip Industry With Wider Trade Bans
New rules prohibit the sale of certain types of chips and equipment to China, in an effort to close loopholes and cement the Biden administration’s legacy in countering the U.S. rival.
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Biden Cuts Intel’s Chip Award
The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.