The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.
Read More US economy grows 5.2% in third quarter; higher interest rates sapping momentum
Tag: Commerce Department
US new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
Read More US new home sales fall more than expected in October
US weekly jobless claims fall; business spending on equipment softening
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
Read More US weekly jobless claims fall; business spending on equipment softening
China receives US equipment to make advanced chips despite new rules-report
Chinese companies are buying up U.S. chipmaking equipment despite a raft of new export curbs aimed at advances in the country’s semiconductor industry.
Read More China receives US equipment to make advanced chips despite new rules-report
US-China tech war: RISC-V chip technology emerges as new battleground
Joe Biden’s administration is facing pressure from some lawmakers to restrict American companies from working on a freely available chip technology widely used in China.
Read More US-China tech war: RISC-V chip technology emerges as new battleground