In a major boost to American domestic manufacturing, the Trump admin today announced that TSMC is committing an additional $100 billion…
Tag: U.S. Commerce Department
Trump admin plans 1:1 chip production rule to curb overseas reliance
The Trump administration aims to encourage chipmakers to produce semiconductors domestically at volumes matching their customers’…
American economy grows at fastest pace in nearly two years
The American economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment…
U.S. Commerce Department: Apple and Google’s app stores wield ‘gatekeeper’ power and should be reined in
A new U.S. Commerce Department report claims that Apple and Google “play a significant gatekeeping role by controlling (and restricting)…
U.S. GDP contracted 1.6% in Q1 amid rampant inflation; stocks head for worst 1H since 1970
The final revision of first-quarter gross domestic product confirmed a larger contraction of the U.S. economy than earlier readings…
PCE inflation gauge rose 5.4% in March, the highest in nearly 40 years
The Fed’s preferred inflation gauge, the core personal consumption expenditures price index increased 5.4% from a year ago, the largest…
U.S. retail sales come up short in February as inflation hits Americans
U.S. retail sales rose just 0.3% in February, below the 0.4% estimate as inflation negatively impacted American consumer spending…
U.S. GDP well below expectations; unemployment claims higher than expected
U.S. GDP (Gross Domestic Product) – the broadest measure of economic performance – came in well below expectations…
President Trump bars U.S. transactions with eight Chinese apps
U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese apps, including…
Wall Street rebounds on upbeat U.S. economic data ahead of Apple earnings
U.S. stocks advanced on Thursday as upbeat U.S. domestic economic data eased concerns about surging COVID-19 cases…
U.S. GDP booms at historic 33.1% rate
U.S. GDP accelerated at a 33.1% annualized pace in the third quarter, outpacing expectations for 31%. A surge in business and residential…
U.S. judge temporarily blocks Trump admin’s ban on new TikTok downloads
A U.S. judge has temporarily blocked a Trump administration order that was set to bar Apple’s App Store from offering TikTok for download at…
Investigators find no evidence of any forced labor at Apple suppliers in China
Nanchang O-film Tech, whose tech helps power phones, tablets and wearables, was on Monday accused by the U.S. Department of Commerce of human rights …
U.S. government accuses Apple supplier of human rights abuses
Nanchang O-film Tech, whose tech helps power phones, tablets and wearables, is accused by the U.S. of human rights abuses for helping China’s campaign…
Dow tumbles more than 500 points as COVID-19 shutdown slams economy
Stocks fell sharply on Wednesday as the COVID-19 shutdown slams the economy. Dismal economic data and weak bank earnings fueled concerns…
U.S. GDP rose a better-than-expected 1.9% in Q3; private payrolls increase tops expectations in October
Personal consumption expenditures, a gauge of spending by American households, rose at a 2.9% annualized rate…
Bloomberg: Apple and Nike brace for China’s wrath after Huawei ban
U.S. companies counting on China for a major part of their growth have targets on their backs…
Citi lowers Apple price target, claiming trade war will likely cut China sales in half
The U.S. trade war with China will further hurt iPhone sales…
Huawei founder says he would protest Chinese government retaliation against Apple
If that happens, I’ll be the first to protest
Huawei CEO and founder admits he buys iPhones for his family
Huawei CEO and founder Ren Zhengfei revealed he bought Apple iPhones for his family…
ARM cuts ties with Huawei after President Trump’s ban
ARM is complying with all of the latest regulations set forth by the U.S. government…
President Trump’s Huawei ban creates concern over Apple’s iPhone business in China
Last week, U.S. President Donald Trump effectively banned U.S. companies from working with Huawei…
Chinese diplomat tweets that Huawei ‘has cut Apple into pieces’ – from his Apple iPhone
China has reacted with uncharacteristic fury to what it deems a concerted U.S. attack…
Quantifying just how much the trade war could hurt Apple
The uptick in trade hostilities between Washington and Beijing could threaten Apple…
U.S. to offer temporary exemptions to Huawei export ban
The 90-day reprieve may be intended to help reboot U.S.-China trade talks…
U.S. unemployment hits five-decade low as employers step up hiring, wages increase
Steady job growth and solid wage increases have enlarged Americans’ paychecks…
U.S. consumer spending surges to post biggest rise in more than 9-1/2 years
Plus, price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months…
U.S. economy logs best performance in nearly 4 years
Output expanded 3.2 percent in the first half of 2018 putting the U.S. economy on track to hit President Trump’s target of 3% annual growth…
Consumer confidence pops in August to highest level since October 2000
These historically high confidence levels should continue to support healthy consumer spending…
Second-quarter U.S. GDP jumps 4.1% boosting hopes that economy is ready to break out of decade-long slumber
Gross domestic product grew at a solid 4.1 percent pace in the second quarter…
Demand for Apple’s new iPhone 6s/Plus is widening America’s trade deficit
August trade data from the US Commerce Department shows that the difference between imports and exports surged 15%…
Apple, Facebook, Walmart to help U.S. government to develop facial recognition guidelines
Facebook, Apple and other Internet companies have been trying…
Apple regains momentum as techs cut losses following decline in U.S. new home construction
Technology stocks tried to cut their losses in late trading Tuesday…
Steve Jobs served in George H.W. Bush administration
FBI background interviews of some people who knew Apple co-founder Steve Jobs…
