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...
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 the “first get-down-to-work meeting” following gatherings in the U.K. and South Korea to discuss the possible dangers...
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...
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....
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 expected on Monday (Sept. 23), Reuters reported, citing two sources familiar with the matter. Those sources said the proposal would ban the import and sale […]
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...
September 09, 2024
The Commerce Department’s Bureau of Industry and Security (BIS) aims to require the world’s leading artificial intelligence (AI) developers and cloud providers to provide detailed reporting to the federal government....
August 26, 2024
U.S. companies ordered less business equipment last month, new government data shows. Figures released Monday (Aug. 26) by the Commerce Department show that the value of core capital goods, typically...
