The latest data from the Department of Commerce’s Bureau of Economic Analysis revealed that consumer spending outpaced income growth in September. The news may be a boon for consumption and, by extension, merchants. However, the personal income and outlays data indicated that a decrease in...
On Tuesday (Sept. 17), we’ll find out if the July surge in consumer spending — as measured via unadjusted retail sales — has amounted to a blip or a trend. The monthly data from the Department of Commerce (this time for August) will offer a...
A new Commerce Department proposal requiring detailed reporting from artificial intelligence (AI) firms threatens to saddle the industry with hefty compliance costs and potentially drive companies to relocate, experts warn, as the U.S. government seeks tighter oversight of the rapidly evolving technology sector. The Bureau...
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 operating environment, the enterprise focus will need to shift from viewing supply chains as cost centers to recognizing them as...
September 16, 2024
On Tuesday (Sept. 17), we’ll find out if the July surge in consumer spending — as measured via unadjusted retail sales — has amounted to a blip or a trend. The monthly data from the Department of Commerce (this time for August) will offer a snapshot of how consumers are grappling with inflation. We’ll see […]
August 15, 2024
The urge to splurge resurged in July as consumers shrugged off inflation and visited on-site retailers to conduct their everyday spending. As reported by the Commerce Department on Thursday (Aug....
November 19, 2024
Chinese tech giants are reportedly using Silicon Valley to recruit for their AI projects. Companies such as ByteDance and Alibaba have recently begun expanding their offices in California as they seek to poach workers from American competitors for their generative artificial intelligence (AI) efforts, the Financial Times reported Tuesday (Nov. 19). This push is happening […]
April 15, 2024
Retail sales climbed higher than anticipated in March, fueled in part by a jump in eCommerce. Data released Monday (April 15) by the U.S. Department of Commerce showed retail sales rising...
April 02, 2024
The U.S. and U.K. have pledged to work together on safe AI development. The agreement, inked on Monday (April 1) by U.S. Commerce Secretary Gina Raimondo and U.K. Technology Secretary Michelle Donelan, will see...
November 03, 2023
President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI while managing its risks. Two...
