Commerce Department

Trending: Consumer Spending Drives Q3 GDP Despite Disposable Income Pressure
Trending: Consumer Spending Drives Q3 GDP Despite Disposable Income Pressure
October 30, 2024  |  Consumer Finance

It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay,...

READ MORE >
Back-to-School Shopping Drives Consumer Spending Surge in September
Back-to-School Shopping Drives Consumer Spending Surge in September
October 17, 2024  |  Economy

September’s retail sales data showed a (slight) acceleration of spending from August, though we’re well off past peaks. And speaking of past peaks — looking...

READ MORE >
Connected Car Tech From China Faces US Ban
Connected Car Tech From China Faces US Ban
September 22, 2024  |  Connected Economy

The U.S. is reportedly readying a ban on Chinese technology in connected and autonomous cars. That prohibition — borne of national security concerns — from...

READ MORE >
US Targets ‘Malicious’ AI Use at November Safety Summit
US Targets ‘Malicious’ AI Use at November Safety Summit
September 18, 2024  |  artificial intelligence

The U.S. will host a multi-national summit in November to discuss safe AI development. U.S. Commerce Secretary Gina Raimondo told The Associated Press (AP) Wednesday (Sept....

READ MORE >
Managing Risk and Uncertainty Headline Commerce Department’s Supply Chain Summit
Managing Risk and Uncertainty Headline Commerce Department’s Supply Chain Summit
September 10, 2024  |  Supply Chain

When it comes to controlling for what’s controllable, supply chain resilience is top of mind. After all, against the backdrop of today’s shifting and dynamic...

READ MORE >
Commerce Department Proposes Mandatory Reporting Requirements for AI Firms
Commerce Department Proposes Mandatory Reporting Requirements for AI Firms
September 09, 2024  |  artificial intelligence

The Commerce Department’s Bureau of Industry and Security (BIS) aims to require the world’s leading artificial intelligence (AI) developers and cloud providers to provide detailed...

READ MORE >
Business Equipment Orders Fall Amid Election/Inflation Uncertainty
Business Equipment Orders Fall Amid Election/Inflation Uncertainty
August 26, 2024  |  Economy

U.S. companies ordered less business equipment last month, new government data shows.  Figures released Monday (Aug. 26) by the Commerce Department show that the value...

READ MORE >
Consumers Send Mixed Messages on May Retail Spend
Consumers Send Mixed Messages on May Retail Spend
June 18, 2024  |  Economy

Retail sales for the month of May signal a consumer slowdown overall — and some mixed trends among discretionary categories. The data released Tuesday (June...

READ MORE >
Record Investment Income Fuels Continued Consumer Spending
Record Investment Income Fuels Continued Consumer Spending
June 05, 2024  |  Economy

Rising investment income, high household wealth and strong employment rates are keeping Americans spending. It’s a phenomenon chronicled Wednesday (June 5) in a report by...

READ MORE >