Tag: Commerce Department
U.S. Economy Shows Another Decline, Fanning Recession Fears
A key measure of economic output fell for the second straight quarter, raising fears that the United States…
U.S. Aims to Expand Export Bans on China Over Security and Human Rights
WASHINGTON — When Russian forces invaded Ukraine nearly five months ago, the Biden administration led dozens of governments…
Semiconductor Makers Push Congress for New Funding
WASHINGTON — Top chip makers are pressuring Congress to quickly pass a measure providing more than $52 billion…
Americans Keep Spending Even as Inflation Erodes Buying Power
Americans built up trillions of dollars in savings during the pandemic. Now, with prices rising at their fastest…
U.S. to Lift Tariffs on Ukrainian Steel
WASHINGTON — The Biden administration announced on Monday that it would lift tariffs on Ukrainian steel for one…
Norman Y. Mineta, First Japanese American Cabinet Member, Dies at 90
As President Bush was shuttled from a school visit in Florida to secure locations in Louisiana and Nebraska,…
Economy Contracted in the First Quarter, but Underlying Measures Were Solid
The U.S. economy contracted in the first three months of the year, as supply constraints at home, demand…
U.S. warns servicing or refueling some Russian-owned planes may violate trade restrictions.
The Commerce Department said on Friday that it had identified 100 commercial and private aircraft that violated U.S.…
A Key Inflation Gauge Is Still Rising, and War Could Make It Worse
Brent crude oil, the global benchmark, rose as much as 6 percent to more than $100 per barrel…
U.S. Economy Grew 1.7% in 4th Quarter, Capping a Strong Year
Even so, the average business owner “sees a very strong environment right now,” said Oren Klachkin, the lead…