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The U.S. is preparing new rules to limit China's access to advanced AI chips. The U.S. is preparing new rules to limit China's access to advanced AI chips.

And dollar stores offer a window into how low-income households are faring.

And right now, those consumers are showing signs of financial strain.

Dollar stores have been saying that consumers are holding off on purchases until the last

minute, and they're spending less toward the end of the month when they've used up their budget.

Plus, why Donald Trump may never get to fly in the new Air Force One that he negotiated for?

It's Friday, December 13th. I'm Alex Oslo for the Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that move the world today.

The U.S. is preparing rules that would restrict the sale of advanced artificial intelligence chips in certain parts of the world.

People familiar with the matter say

the restrictions are an attempt to limit China's ability to access those chips and to close its

backdoor access when China purchases chips in other nations that it can't obtain directly from the

U.S. But the new rules could cause conflict with those other nations who don't want Washington

micromanaging their

purchases. It's the latest in a series of moves from the Biden administration as it attempts to

block Chinese access to the most advanced chips, as well as chip making equipment and other technology.

The latest round of curbs could come this month, weeks before President-elect Donald Trump takes

office.

China has denounced the U.S. curbs on chip purchasing and retaliated by limiting the export of some minerals used in chip production.

In business news, Amazon union members at two New York City warehouses have voted unanimously to authorize strikes.

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