Commerce News
Commerce
The Bureau of Labor Statistics released the consumer price index (CPI) for May, which showed inflation of more than 4% from last year.
Commerce
Tai: 'We will continue this journey until all stand on equal footing'
U.S. Trade Ambassador Katherine Tai observed June as Pride Month by pledging that the Biden administration will champion the rights of LGBTQI+ individuals everywhere.
Commerce
Raimondo: $1.7 million for ‘Guilford Technical Community College will increase truck driving training opportunities’
Guilford Technical Community College in Jamestown, N.C., has been awarded a $1.7 million grant through the U.S. Department of Commerce’s Economic Development Administration for construction of a truck driver training facility.
Commerce
Former CFTC commissioner: 'SEC should be working with Congress and responsible, U.S.-based crypto companies to provide clarity – not deepen the confusion'
Former CFTC Commissioner Brian Quintenz, now the head of policy at venture capital firm Andreessen Horowitz, is calling on the U.S. Securities and Exchange Commission (SEC) to stop its barrage of lawsuits against cryptocurrency companies and instead work with legislators to establish clear regulatory guidelines for the industry.
Commerce
CEO of Salesforce: 'AI Cloud will unlock incredible innovation, productivity and efficiency for every company'
Marc Benioff, CEO of Salesforce, said that AI Cloud provides an answer to the universal demand for AI integration within companies. He points out that companies are increasingly desiring to become involved in AI, and Salesforce's new product lets them do exactly that.
Commerce
Tai: 'The RRM is an effective enforcement tool'
The United States has asked the government of Mexico to investigate whether workers at a global manufacturer with a foundry in Mexico have been denied their right to unionize.
Commerce
Strickland: 'FTC comes and lays out the facts re: UNC's hospital monopoly bill'
A bill is currently under consideration in North Carolina that aims to provide protection to the University of North Carolina Health Care System against potential antitrust challenges.
Commerce
USTR spokesperson on trade agreement: 'We thank our Taiwan partners for helping us achieve this important milestone'
The United States and Taiwan have entered the first agreement under their Initiative on 21st Century Trade, designed to strengthen the economic and trade partnership between the two nations.
Commerce
Grewal: 'You simply can’t ignore the rules because you don’t like them'
The U.S. Securities and Exchange Commission announced the filing of charges against Coinbase for operating without required registrations as a securities exchange, broker and cleaning agency.
Commerce
Binance on SEC request to freeze funds: 'No "emergency"… other than the one manufactured by the SEC'
The SEC is seeking an emergency temporary restraining order (TRO) against Binance to freeze assets tied to Binance.US. In response, Binance has filed a memo with the Court challenging the SEC's "emergency" claim, calling it "manufactured" for the SEC's "purposes” of gaining a legal advantage unsupported by fact.
Commerce
Bonta: 'Opioid addiction treatments should be accessible to everyone'
The U.S. Department of Justice announced Indivior agreed to pay $102.5 million in a settlement with 41 states and the District of Columbia.
Commerce
Levine: Amazon 'sacrificed privacy for profits'
The Federal Trade Commission recently announced legal action against Amazon for violating children's privacy law by storing kids' Alexa voice recordings and disregarding parental deletion requests.
Commerce
Raimondo: Export award winners are 'prime examples of America’s global private-sector leadership'
U.S. Secretary of Commerce Gina Raimondo recently presented the 2023 Presidential Awards for Export Achievements.
Commerce
Michel: ‘We thank our Taiwan partners for helping us reach this important milestone’ in signing a trade agreement
The Office of the U.S. Trade Representative expressed support of an agreement between the U.S. and Taiwan to strengthen and deepen trade between the two countries.
Commerce
Grewal: ‘You simply can’t ignore the rules because you don’t like them’
The U.S. Securities and Exchange Commission has filed complaints against cryptocurrency companies Coinbase Inc. and Binance Holdings Ltd. for several alleged securities law violations.
Commerce
Raimondo: 'The United States has provided a much-needed market for the steel that Ukraine is able to export'
Secretary of Commerce Gina Raimondo announced a presidential proclamation extending the temporary suspension of 232 Tariffs on Ukraine steel.
Commerce
Tai: Rapid Response Labor Mechanism ensures ‘workers at the Draxton facility can freely exercise their rights’
The United States is seeking a review of Mexico under the U.S.-Mexico-Canada Agreement’s Rapid Response Labor Mechanism because of suspected denial of workers’ rights at the Draxton facility in Irapuato, Guanajuato.
Commerce
Raimondo: 'We are making the most significant direct investment in climate resilience in the nation’s history'
The Biden-Harris administration announced a $2.6 billion framework through Investing in America Agenda to aid in the protection and restoration of coastal communities and marine resources.
Commerce
Tai: 'Our administration pledges to be an active ally in championing the rights of LGBTQI+ people'
U.S. Trade Representative Katherine Tai has underscored the Biden-Harris administration’s pledge to support the rights of lesbian, gay, bisexual, transgender, queer and intersex people during Pride Month.
Commerce
U.S. Rep. Thompson: 'Regulation by enforcement is not an appropriate way to govern a market'
The chairman of the U.S. House Committee on Agriculture earlier this week said the U.S. Securities and Exchange Commission's (SEC) recent lawsuits against crypto exchanges are "regulation by enforcement" and "not an appropriate away to govern a market."
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