U.S. Gives GlobalFoundries $1.5 Billion to Accelerate Domestic Semiconductor Industry

First the big-ticket items. Then, consumers may throttle back on what they spend on … well, everything else. To that end, as reported on Wednesday (March 15), the latest retail sales data show that U.S. consumers are dialing back on buying durable goods. And while...

Spending among U.S. consumers fell last month as shoppers focused on their basic needs. Numbers released Wednesday (March 15) by the Commerce Department showed sales falling 0.4% as consumers spent less on things like furniture and restaurant meals. The drop followed a 3.2% rally in...

The U.S. Department of Commerce (DOC) has doubled down its prohibition against Huawei Technologies Co.’s purchase of  technology and software from U.S companies, alleging it undermines the nation’s security and foreign policy interests. “Today, we dealt a direct blow to Huawei and the repressive Chinese...

U.S. consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the threat of another wave of economic disruption as coronavirus infections surge in the Sunbelt and now in California as well....