[Source] China has blocked at least two Americans — a Commerce Department employee and a Wells Fargo banker — from leaving the country in recent weeks, according to reports. Who’s stuck The Commerce Department employee, who works under the Patent and Trademark Office, has been barred from leaving China for months after reportedly failing to…
WASHINGTON (Reuters) -Sales of new U.S. single-family homes increased less than expected in June amid higher mortgage rates, pushing inventory to levels last seen in late 2007, which could keep homebuilding subdued. New home sale units rose 0.6% to a seasonally adjusted annualized rate of 627,000 units last month, the Commerce Department’s Census Bureau said…
By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder…
By Raphael Satter WASHINGTON (Reuters) -American officials have quietly been grading Chinese artificial intelligence programs on their ability to mold their output to the Chinese Communist Party’s official line, according to a memo reviewed by Reuters. U.S. State and Commerce Department officials are working together on the effort, which operates by feeding the programs standardized…
(Bloomberg) — President Donald Trump’s administration plans to restrict shipments of AI chips from the likes of Nvidia Corp. to Malaysia and Thailand, part of an effort to crack down on suspected semiconductor smuggling into China. Most Read from Bloomberg Invest in Gold Powered by Money.com – Yahoo may earn commission from the links above….
By Arathy Somasekhar and Karen Freifeld HOUSTON (Reuters) -The U.S. cleared the way to resume ethane exports to China on Wednesday, sending letters to producers Enterprise Products Partners and Energy Transfer rescinding a restrictive license requirement put in place just weeks ago, a sign that the U.S.-China trade truce was on track. The U.S. had…
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, is under investigation by the US Department of Commerce for allegedly violating export control regulations. The probe centers on a chip manufactured by TSMC for Sophgo, a China-based chip design company, which reportedly ended up in Huawei’s high-end Ascend 910B artificial intelligence processor. Huawei has…
Auto stocks continued their downward slide on Monday as the sector, heavily exposed to tariffs, looks for a bottom. Domestic automakers like General Motors (GM), Stellantis (STLA), Ford (F), and Tesla (TSLA) all slipped on Monday as fallout from Trump’s 25% auto tariffs weighed heavily on a sector looking for a lifeline. Tariffs on auto…
President Trump’s top aides raced to defend his expansive global tariffs on Sunday, downplaying the prospect that his new taxes on imports could cause a significant spike in prices or tip the U.S. economy into a painful recession. As Mr. Trump departed Mar-a-Lago for another day of golfing at his club in Jupiter, Fla., his…
A video that circulated widely on the internet recently showed a Haitian gang leader, Joseph Wilson, shirtless, happily showing off belts of .50 caliber ammunition, mockingly saying he used the armor-piercing bullets to groom his hair. “We have enough combs for our hair to last a year,” he joked. So how did he get them?…