U.S. Department of Commerce

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Last Updated: Just Now

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Global Markets & Equities Just now (04:16 PM IST)

U.S. Economy Grew 2.2% in Second Quarter, Revised Higher as Consumer Spending Held Firm

The U.S. economy expanded at a 2.2% annual pace in the second quarter, the government said Thursday, revising its earlier estimate higher and underscoring the resilience of household demand. The upgrade reinforces the view that growth remained solid even as higher borrowing costs and persistent inflation continued to weigh on parts of the economy.

By RDU Global Wire5 min read

Global Economy & Central BanksJust now (08:16 PM IST)

Howard Lutnick Reports More Than $250 Million in Income as He Severs Cantor Ties

Commerce Secretary Howard Lutnick reported more than $250 million in income last year, underscoring the extraordinary personal wealth he brought into the Trump administration after unwinding his ties to Cantor Fitzgerald. The disclosure highlights the scale of the financial interests surrounding one of Washington’s most prominent business figures as he serves in a cabinet role with broad economic influence.

6 min readRead →

Global Markets & EquitiesJust now (08:53 AM IST)

Fed’s Preferred Inflation Gauge Looms Over Markets as Traders Brace for PCE Readout

Wall Street is entering Wednesday’s Personal Consumption Expenditures report with caution, as the Federal Reserve’s preferred inflation gauge is expected to shape the near-term path for interest rates and risk assets. Futures were little changed ahead of the release, reflecting a market that is waiting for confirmation on whether price pressures are cooling enough to support eventual policy easing.

5 min readRead →

Global Markets & Equities15 Oct 2026, 04:23 AM IST

U.S. Treasury Finds Major Banks Let Politics Shape Access to Services

The U.S. Treasury Department has concluded that some of the nation’s largest banks allowed political considerations to influence who received banking services, a finding that could bolster President Donald Trump’s long-standing claim that conservatives have been unfairly targeted by financial institutions. The report adds fresh pressure on Wall Street as regulators and lawmakers intensify scrutiny of account closures, debanking practices and the role of reputational risk in bank decision-making.

5 min readRead →

Global Markets & Equities07 Oct 2026, 06:54 PM IST

Kratom’s Legal Status Masks Growing Safety Alarm as Utah Deaths Put Regulators on Watch

Kratom, a plant-derived substance with opioid-like effects, remains legal in most U.S. states even as health officials in Utah investigate four deaths linked to semi-synthetic kratom products. The episode is intensifying scrutiny of a loosely regulated market that spans herbal supplements, convenience-store products and online sellers, with potential implications for consumer health, retail compliance and regulatory risk.

5 min readRead →

Frontier AI & Machine Learning05 Oct 2026, 02:43 PM IST

Trump Creates ‘Super Intelligence Force’ to Tighten White House Grip on AI Policy

President Donald Trump has unveiled a new “Super Intelligence Force” to coordinate artificial intelligence policy, placing his national intelligence chief at the helm as Washington confronts rising alarm over the technology’s security, economic and geopolitical risks. The move signals a more centralized White House approach to AI oversight, with implications for federal regulation, intelligence priorities and U.S. competition with China.

5 min readRead →

Global Markets & EquitiesJust now (03:49 AM IST)

U.S. Economy Grew 2.2% in Second Quarter, Revised Higher on Stronger Consumer Spending

The U.S. economy expanded at a 2.2% annual pace in the second quarter, the government said Thursday, revising up its earlier estimate and signaling that consumer demand remained more resilient than first reported. The upgrade adds to evidence that growth and inflation are cooling only gradually, a combination that could keep the Federal Reserve cautious on interest-rate cuts.

5 min readRead →

Global Markets & EquitiesJust now (03:28 AM IST)

US Dollar Slips After Softer US Inflation Print Reduces Fed Rate Pressure

The US dollar weakened against major currencies after fresh inflation data came in below economists’ expectations, reinforcing bets that the Federal Reserve may have less urgency to keep policy tight. The Commerce Department said the Personal Consumption Expenditures Price Index rose 0.3% last month, short of the 0.4% forecast, prompting a drop in US Treasury yields and a reassessment of the rate outlook.

5 min readRead →

Global Markets & EquitiesJust now (03:25 PM IST)

US Stocks Rally as Softer Inflation Data Cool October Fed Hike Bets

Wall Street climbed sharply after fresh inflation data came in below expectations, easing fears that the Federal Reserve may need to raise rates again in October. The softer reading on the Personal Consumption Expenditures price index helped lift growth-sensitive technology shares, with Apple and Alphabet among the notable gainers.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside U.S. Department of Commerce:

Washington, D.C.(3)Federal Reserve(2)United States(1)Jerome Powell(1)Howard Lutnick(1)Cantor Fitzgerald(1)