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...
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...
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...
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...
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....
May 22, 2026
The Department of Commerce plans to provide $2.013 billion in federal incentives to nine companies to support and accelerate their development of quantum computing. The Department signed letters of intent with the companies, and its CHIPS Research and Development Office will provide the incentives, the Department’s National Institute of Standards and Technology (NIST) said in […]
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...
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....
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...