Latest U.S. Department of Commerce News
China says it will investigate fashion firm PVH for suspected boycott of Xinjiang products
BEIJING (AP) — China’s Commerce Ministry said Tuesday that it will investigate the fashion company PVH, which owns brands like Tommy Hilfiger and Calvin Klein, for suspected violations of trade rules. The ministry said in statements posted online that it would investigate the...
Biden administration seeks to ban Chinese, Russian tech in US autonomous vehicles
NEW YORK (AP) — The Commerce Department said Monday it's seeking a ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware with the stated goal of protecting national security and U.S. drivers. While there...
This Week: Consumer confidence, new U.S. home sales, tracking GDP
A look at some of the key business events and economic indicators upcoming this week. CONFIDENCE CHECK The Conference Board issues its monthly index of U.S. consumer confidence Tuesday. Economists expect the September reading slipped from August. A...
US retail sales ticked up last month in sign of ongoing consumer resilience
WASHINGTON (AP) — Americans spent a bit more at retailers last month, providing a small boost to the economy just seven weeks before Election Day as the Federal Reserve considers how much to cut its key interest rate. Retail sales ticked up 0.1% from July to August, after jumping...
Stock market today: Wall Street climbs as S&P 500 closes out fourth straight winning month
Stocks on Wall Street finished broadly higher Friday as the market closed out its fourth straight winning month with solid gains. A late-afternoon rally helped stocks bounce back from a midafternoon slide. The S&P 500 rose 1%, with about 76% of the stocks in the index notching...
Stock market today: Wall Street sees mixed results after late-day selling, drop for Nvidia
A late-afternoon slide by some Big Tech companies cut into Wall Street’s gains Thursday, leading to a mixed finish for U.S. stock indexes. The S&P 500 ended flat after giving up an earlier gain of nearly 1%. The benchmark index is about 1.3% away from its record set in July. ...
US economic growth for last quarter is revised up to a solid 3% annual rate
WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation’s...
This week: Consumer confidence; 2nd quarter GDP growth; consumer price inflation
A look at some of the key business events and economic indicators upcoming this week. Confidence boost The Conference Board issues its monthly index of U.S. consumer confidence Tuesday. Economists expect the August reading rose to 101.8. A reading of 90...
China will limit exports of antimony, a mineral used in products from batteries to weapons
BEIJING (AP) — China's Commerce Ministry announced Thursday that it will restrict exports of a mineral used in a wide range of products from batteries to weapons. Export controls will be placed on antimony starting Sept. 15 to safeguard China's security and interests and fulfill...
This Week: Consumer price index, retail sales, housing starts
A look at some of the key business events and economic indicators upcoming this week. TRACKING INFLATION The Labor Department releases Wednesday its monthly gauge of inflation at the consumer level. Economists predict the consumer price index rose 3% in...
