U.S. Department of Commerce

On Tuesday, Nvidia rival Wolfspeed Inc. (NYSE:WOLF) and the U.S. Department of Commerce signed a preliminary memorandum of terms for up to $750 million in funding under the CHIPS and Science Act. This announcement led to a surge in Wolfspeed’s stock, which rose over 16% in pre-market trading...

Tuesday’s release of the U.S. Department of Commerce’s June Retail Sales report will provide investors and economists with an important snapshot of consumer spending trends, and, in turn, the state of the economy. Despite the limitations of the report — exclusion of service sector...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Feb. 14, 1903, under the Roosevelt administration, Congress established the U.S. Department of Commerce and Labor. Where The Market Was: The S&P 500 had started the...

The Commerce Department's Bureau of Industry and Security (BIS) on Oct. 7 added 28 Chinese governmental and commercial organizations to the Entity List for allegedly countering U.S. foreign policy objectives.  The Chinese organizations added to the Entity List were identified by the U.S....

The effects of the sequestration are starting to be felt, with the Durable Goods report from the U.S. Census Bureau at the Department of Commerce reporting that new orders for manufactured durable goods in March decreased $13.1 billion, or 5.7 percent, to $216.3 billion. This decrease, down two...

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced Thursday that total January exports of $184.5 billion and imports of $228.9 billion resulted in a goods and services deficit of $44.4 billion, up from $38.1 billion in December, revised...