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The Latest Breaking News from Commerce

NZ Minister quits after 'animated' incident with staff

New Zealand Prime Minister Chris Luxon has accepted the resignation of his commerce minister, who touched a staff member during a heated discussion.

AAP

Howard Lutnick Sworn In As Commerce Secretary By VP Vance

Howard Lutnick takes office as Commerce Secretary, focusing on budget balance and economic growth.

Top News

President Trump's Busy Schedule For Friday Revealed

President Trump's Friday schedule includes key events like speaking at the Governors Working Session, lunch with Vice President JD Vance, swearing in Comme...

Top News

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Cruise Stocks Sink After Trump Official Says They'll Be Forced To Pay US Taxes

The international cruise industry took a hit Thursday after new Secretary of Commerce Howard Lutnick announced that cruise lines should start paying U.S. taxes.

International Business Times

Trump Wants to 'Abolish the IRS,' New Commerce Secretary Says

Commerce Secretary Howard Lutnick revealed another one of the Trump administration's controversial goals: abolishing the Internal Revenue Service (IRS).

Latin Times

Senate Confirms Howard Lutnick As Commerce Secretary

Howard Lutnick confirmed as commerce secretary supporting Trump's tariffs. Will oversee Commerce Department operations and work on implementing aggressive ...

Top News

Senate Confirms Howard Lutnick As Secretary Of Commerce

Howard Lutnick confirmed as Secretary of Commerce, tasked with overseeing economic activities and promoting American businesses and trade. Senate confirms ...

Top News

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Senate Confirms Wall Street Billionaire Howard Lutnick As Commerce Secretary

Lutnick's role will be crucial in overseeing President Trump's economic agenda.

International Business Times

Elon Musk called Donald Trump about claims he was a puppet president, saying: 'They're trying to drive us apart'

Elon Musk called the president to address speculation that he was the real power in the White House—but Trump remains unfazed.

Fortune

S&P Futures Tick Lower With U.S. Retail Sales Data in Focus

March S&P 500 E-Mini futures (ESH25) are trending down -0.15% this morning, taking a breather at the end of a turbulent week, while investors await a raft of U.S. economic data, with a particular focus on the retail sales report.

Barchart

S&P Futures Tread Water With U.S. Retail Sales Data in Focus

March S&P 500 E-Mini futures (ESH25) are trending down -0.04% this morning as investors awaited a raft of U.S. economic data, with a particular focus on the retail sales report.

Barchart

Stocks Rally as Inflation Fears Recede and Tariffs Delayed

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +1.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.43%. March E-mini S&P futures (ESH25 ) rose by +0.99%, and March E-mini Nasdaq futures...

Barchart

Dollar Declines on Euro Strength and Falling Bond Yields

The dollar index (DXY00 ) Thursday fell to a 2-week low and finished down by -0.60%. Strength in the euro weighed on the dollar after EUR/USD rallied to a 2-week high on hopes that US-Russian talks could lead to the end of the war in Ukraine. Also, lower T-note yields...

Barchart

Trump Delays Reciprocal Tariffs Announcement, Plans Further Study

White House trade adviser Peter Navarro announces a comprehensive evaluation process for reciprocal tariffs on US trading partners.

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Al Jazeera

Why does Trump want a US sovereign wealth fund?

Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.

Top News

Senate Committee Approves Lutnick's Nomination For Commerce Secretary

Senate Commerce Committee approves Howard Lutnick's nomination for commerce secretary with bipartisan support. Stay updated on the confirmation process.

Roll Call

Social policy cuts likely from swath of tech initiatives - Roll Call

Commerce secretary nominee Howard Lutnick may cut tech initiative spending such as semiconductor subsidies or broadband expansion.

Roll Call

Senate panel advances Lutnick for Commerce secretary - Roll Call

The Senate Commerce, Science and Transportation Committee advanced Howard Lutnick’s nomination to lead the Commerce Department.

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Billionaire Lutnick To Sell Business Holdings, Support Tariffs

Howard Lutnick, potential Commerce Secretary, supports Trump's trade policies, plans to divest business interests, and survived 9/11.

Reason

Trump's Pick for Commerce Secretary Wants More Industrial Policy for Chipmakers

Howard Lutnick told senators that CHIPS Act subsidies were "an excellent down payment."

Barchart

Crude Prices Sink on Bigger US Inventories and Easing of Tariff Concerns

March WTI crude oil (CLH25 ) Wednesday closed down -1.15 (-1.56%), and March RBOB gasoline (RBH25 ) closed down -0.0150 (-0.72%). Crude and gasoline prices Wednesday settled moderately lower, with crude falling to a 2-1/2 week low. Crude was under pressure Wednesday from a stronger dollar, and after the weekly...

Top News

Commerce Secretary Nominee Advocates For Across-The-Board Tariffs

Howard Lutnick advocates for across-the-board tariffs to promote fairness and reciprocity in global trade relationships.

International Business Times

Trump Commerce Secretary Pick Howard Lutnick Issues Tariff Warning: 'We Need That Disrespect To End'

The Wall Street financier was facing a confirmation hearing in front of the Senate Commerce Committee on Wednesday.

The Independent UK

Trump's Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days

Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days

Roll Call

Commerce pick Lutnick defends tariffs, funding freeze - Roll Call

Howard Lutnick, Trump’s pick for Commerce Department head, told senators Wednesday he'll crack down on those who treat the U.S. “horribly.”

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