U.S. wholesale inventories declined 0.5% in December compared to the previous month and declined 0.1% compared to December 2023, the Commerce Department said in a Friday (Feb. 7) press release. The month’s decline in wholesale inventories followed a decline of 0.1% in November. Wholesale inventories...
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, clicking to pay, swiping their cards; by extension, gross domestic product continues its upward trajectory, though at a pace slowing...
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 at year-over-year growth rates and patterns, as documented by PYMNTS Intelligence, the summit of early 2023, at least for the...
The U.S. is reportedly readying a ban on Chinese technology in connected and autonomous cars. That prohibition — borne of national security concerns — from the U.S. Commerce Department is expected on Monday (Sept. 23), Reuters reported, citing two sources familiar with the matter. Those...
October 30, 2024
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, clicking to pay, swiping their cards; by extension, gross domestic product continues its upward trajectory, though at a pace slowing from previous readings. The Commerce Department’s Bureau of Economic Analysis […]
September 20, 2023
The Federal Reserve’s staying pat, for now. The announcement on Wednesday (Sept. 20) that the central bank is leaving interest rates unchanged — at a more than 20-year high —...
August 15, 2023
Retail sales keep on chugging along. To that end, the data released Tuesday (Aug. 15) by the Commerce Department showed that consumer spending, overall, remained strong against a backdrop where...
March 16, 2023
January’s consumer spending numbers have turned out to be a temporary reprieve, as customers continue to cut back. The most recent Commerce Department spending numbers were released on Wednesday (Mar....
March 18, 2025
The Department of Commerce has reportedly banned the use of DeepSeek’s artificial intelligence (AI) model on government-furnished equipment, citing concerns about the Chinese company gaining access to sensitive information. The Department sent a mass email to staffers telling them not to download, view or access any mobile apps, desktop apps or websites tied to DeepSeek, […]
February 07, 2025
U.S. wholesale inventories declined 0.5% in December compared to the previous month and declined 0.1% compared to December 2023, the Commerce Department said in a Friday (Feb. 7) press release....
September 22, 2024
The U.S. is reportedly readying a ban on Chinese technology in connected and autonomous cars. That prohibition — borne of national security concerns — from the U.S. Commerce Department is...
September 18, 2024
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. 18) that this will be...
