Commerce News Updates

GovernmentBusinessTechnology

US Imposes Duties on Solar Imports From Southeast Asia

The determination marks an early victory for domestic panel makers who say cheap imports harm their operations and threaten investments meant to cultivate a U.S. solar supply chain.

October 1, 2024
GovernmentBusiness

US Economy Grew at a Solid 3% Rate Last Quarter

WASHINGTON — The economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Sept. 26.

September 26, 2024
GovernmentBusiness

US Trade Deficit Widens to $78.8 Billion

The U.S. trade deficit widened to a two-year high in July, fueled by a surge in imports of goods and stepped-up efforts to ensure adequate supply ahead of a potential dockworkers strike.

September 4, 2024
GovernmentBusiness

PCE Shows Price Pressures Easing as Rate Cuts Near

WASHINGTON — An inflation measure tracked by the Federal Reserve remained low, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate.

August 30, 2024
GovernmentBusinessTechnologyLogistics

Port Isabel Secures $1.6M Grant for Major Expansion Projects

Commerce Secretary Gina Raimondo recently announced the award as part of $6.9 million in economic development grants to Texas for workforce training and port improvements.

August 12, 2024
GovernmentBusiness

Economic Growth Increased in Q2 to Healthy 2.8% Annual Rate

WASHINGTON — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of high interest rates.

July 25, 2024
GovernmentBusinessTechnology

Biden Provides $504 Million to Support 12 Technology Hubs

WASHINGTON — The Biden administration said July 2 that it was providing $504 million in implementation grants for a dozen technology hubs nationwide.

July 2, 2024
GovernmentBusiness

Economic Growth for Q1 Is Revised Up to a 1.4% Annual Rate

WASHINGTON — The economy expanded at a 1.4% annual pace from January through March, the government said in a slight upgrade from its previous estimate.

June 27, 2024
GovernmentBusiness

Commerce Department Touts Indo-Pacific Pact

The U.S. Commerce Department is pitching its landmark multinational pact to strengthen supply chains with 13 Indo-Pacific nations.

September 13, 2023
GovernmentBusinessTechnology

Commerce Department to Award Grants to Fund Tech Hubs

WASHINGTON — The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs.

May 12, 2023