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...
A new Commerce Department proposal requiring detailed reporting from artificial intelligence (AI) firms threatens to saddle the industry with hefty compliance costs and potentially drive companies to relocate, experts warn, as the U.S. government seeks tighter oversight of the rapidly evolving technology sector. The Bureau...
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...
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. 15), retail sales, unadjusted for inflation, were up 1% in July, well above the consensus...
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....
April 15, 2024
Retail sales climbed higher than anticipated in March, fueled in part by a jump in eCommerce. Data released Monday (April 15) by the U.S. Department of Commerce showed retail sales rising 0.7% month over month, and 4% since last year. The 0.7% figure exceeded the 0.3% forecast by Wall Street economists. The largest area of growth […]
April 02, 2024
The U.S. and U.K. have pledged to work together on safe AI development. The agreement, inked on Monday (April 1) by U.S. Commerce Secretary Gina Raimondo and U.K. Technology Secretary Michelle Donelan, will see...
November 03, 2023
President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI while managing its risks. Two...
October 27, 2022
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 to an “advance” estimate released...
