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FORGOTTEN HISTORY: 10 - The Untold Story

Retail Sales In US Rebound Less Than Expected In February

US consumer spending warmed slightly in February, according to government data released Thursday, with retail sales regaining ground after an earlier hit from cold weather.

International Business Times · Mar 14, 2024

Pentagon pulls out of Intel's $3.5 billion CHIPS Act grant, expects Commerce Department to foot the bill

The Pentagon pulled out of a plan to give Intel more CHIPS Act funding.

Tom’s Hardware · Mar 14, 2024

New Budget Deal Includes $12 Billion 'Cut' That Doesn't Actually Cut Anything

Anatomy of a budget gimmick.

Reason · Mar 5, 2024

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Chinese EVs could be derailed in the US as President Biden brands them a security threat

President Biden has launched a Commerce Department investigation to see if electric vehicles from China pose a national security risk.

TechRadar · Mar 1, 2024

US Retail Sales In January Log Biggest Fall In Almost A Year

Retail sales in the United States slipped more than anticipated last month, retreating after the holiday season and bogged down by auto sales and gas prices, government data showed Thursday.

International Business Times · Feb 15, 2024

US New Home Sales Up In 2023, Boosted By Limited Existing Supply

Sales of new US homes jumped in 2023, according to government data released Thursday, supported by a lack of inventory in the existing homes market as mortgage rates remained elevated.

International Business Times · Jan 25, 2024

US Economy Closes In On 'Soft Landing' As GDP Grows 3.3% In 2023 Q4

The U.S. Gross Domestic Product (GDP) increased at a 3.3% rate -- well ahead of the 2% projected by Wall Street Journal and Bloomberg.

International Business Times · Jan 25, 2024

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US Growth Picks Up In 2023 On Jobs And Consumer Spending

US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering a boost to President Joe Biden as he starts his reelection campaign.

International Business Times · Jan 25, 2024

US Retail Sales Beat Expectations In December To Wrap Solid Year

US retail sales accelerated more than anticipated in December, closing out a year marked by resilient consumption, government data showed on Wednesday.

International Business Times · Jan 17, 2024

New Tariffs on Tin Cans Get Biden Administration Approval

There's no good reason for the government to block Americans' access to cheaper tin cans.

Reason · Jan 9, 2024

US Trade Deficit Narrows Unexpectedly In November

The US trade gap narrowed in November as imports and exports both fell while higher interest rates bite, the government reported Tuesday.

International Business Times · Jan 9, 2024

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon

The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips

The Independent UK · Jan 4, 2024

US New Home Sales Slow More Than Expected In November

Sales of new US homes cooled more than anticipated in November, slipping to the lowest level in a year, according to government data released Friday.

International Business Times · Dec 22, 2023

Holiday Shopping Gives November Retail Sales A Boost Despite Negative Forecast

US consumers kicked off a strong start to the holiday shopping season, according to the latest data from the Commerce Department, giving retail sales a boost despite negative expectations.

International Business Times · Dec 14, 2023

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Retail Sales Surge as Americans Embrace Holiday Season

U.S. retail sales rose 0.3% in November, with an increase in restaurant and furniture store spending, signaling consumer power despite inflation.

International Business Times · Dec 6, 2023

US October Trade Deficit Widens Further On Decline In Exports

The US trade deficit continued to grow in October due to a fall in exports, according to government data published Wednesday.

International Business Times · Nov 30, 2023

US Fed's Favored Inflation Gauge Slows In October

A key inflation measure used by the US Federal Reserve to set interest rates eased further last month amid declining energy and goods prices, according to government data published Thursday.

International Business Times · Nov 27, 2023

Sales Of New US Homes Slow In October

New home sales in the United States decelerated in October, according to government data released Monday, although the market for new properties remains boosted by a lack of inventory for existing ones.

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Barchart · Oct 27, 2023

U.S. Consumer Spending Suggests PayPal Could Be a Contrarian Options Play

The Commerce Department reported yesterday that the economy’s annual growth rate was 4.9% in the third quarter, the fastest pace in almost two years, and more than double the second quarter.

The Independent UK · Oct 17, 2023

The Commerce Department updates its policies to stop China from getting advanced computer chips

The Commerce Department has updated and broadened its export controls to stop China from acquiring advanced computer chips and the equipment to manufacture them

Fortune · Oct 3, 2023

Commerce Department partners with major VC firms encourage startups to be “responsible” in AI use

The effort, led by General Catalyst, expands an effort to encourage responsible AI that was previously focused on Big Tech firms.

Reason · Sep 28, 2023

Companies Seeking CHIPS Act Subsidies Are Encouraged To Double-Dip

At least a dozen states have beefed up targeted incentives to coincide with handouts from the Commerce Department.

WEKU · Aug 18, 2023

The U.S. imports most of its solar panels. A new ruling may make that more expensive

The Commerce Department says solar panel makers in four Southeast Asian countries are evading U.S. duties on Chinese solar components. The finding could raise costs in the United States.

Chicago Sun-Times · Aug 15, 2023

Consumers no longer ‘penny-pinching’ as retail sales rose solidly last month

Retail sales rose a better-than-expected 0.7% in July from June, according to the Commerce Department.

Fortune · Aug 3, 2023

Apple and Amazon will deliver the real barometer of the economy

The twin tech giants, which represent billions in consumer and business spending, will deliver highly-anticipated quarterly reports on Thursday.

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