Department of Commerce

BEA Reports 2.6% Growth in Real GDP in Q3

BEA Reports 2.6% Growth in Real GDP in Q3
BEA Reports 2.6% Growth in Real GDP in Q3
October 27, 2022  |  Economy

After dipping in the first and second quarters, real gross domestic product (GDP) rose at an annual rate of 2.6% in the third quarter, according...

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US Spending Data Shows Shrinking Consumer Cash Cushions
US Spending Data Shows Shrinking Consumer Cash Cushions
September 30, 2022  |  Economy

While most everyone is parsing the consumer spending data from August, and while consumer spending continued to rise, there are some numbers that give one...

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Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks to Conduct Customer Due Diligence, Avoid De-risking Practices 
Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks...
July 08, 2022  |  Legal & Regulation

This week, the U.S. Treasury proposed to the White House a plan to strengthen international cooperation on crypto regulation to make sure that the country...

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Department of Commerce Urged to Slow Roll CBDCs and Clarify Crypto Rules
Department of Commerce Urged to Slow Roll CBDCs and Clarify Crypto Rules
July 06, 2022  |  Legal & Regulation

Following President’s Biden Executive Order on crypto assets issued in March, the Department of Commerce (DOC) launched a consultation in May seeking feedback that would...

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Gen’l Merchandise, Appliances Offset Weak eComm as March Retail Sales Rise 0.5%
Gen’l Merchandise, Appliances Offset Weak eComm as March Retail Sales Rise 0.5%
April 14, 2022  |  Retail

Despite rising food, fuel and housing costs that have distorted household budgets, U.S. consumers continued to shop last month, pushing overall retail sales up by...

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Savings Won’t Be Enough to Prop up Retail Spend in Paycheck-to-Paycheck Economy
Savings Won’t Be Enough to Prop up Retail Spend in Paycheck-to-Paycheck Economy
March 17, 2022  |  Economy

The urge to splurge is receding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Feb Retail Sales Stall as Consumers Pour Money Into Gas Tanks
Feb Retail Sales Stall as Consumers Pour Money Into Gas Tanks
March 16, 2022  |  Retail

Even though the most recent spike in gasoline prices didn’t fully kick in until the last few days of February following Russia’s attack on Ukraine,...

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Slumping Department Store and Electronics Purchases Cut Nov Retail Sales to 0.3%
Slumping Department Store and Electronics Purchases Cut Nov Retail Sales to 0.3%
December 15, 2021  |  Retail

Total retail sales slowed to a much weaker than expected 0.3% in November, as sharp declines at department stores and electronics and appliance dealers pulled...

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