U.S. retail sales dropped by the most in nearly two years in January, likely because of frigid temperatures and moderation following hefty gains in the past four months.
Read More US retail sales post largest drop in nearly two years in January
Tag: Commerce Department
Trump Launches Official ‘Meme Coin,’ Price Skyrockets To Billions In Market Cap
President Donald Trump successfully launched his own cryptocurrency on Friday — soaring to over $10 billion in market value.
Read More Trump Launches Official ‘Meme Coin,’ Price Skyrockets To Billions In Market Cap
US single-family housing starts, permits rise to 10-month high
Single-family homebuilding increased to a 10-month high in December, indicating that construction activity regained some momentum at the end of the year.
Read More US single-family housing starts, permits rise to 10-month high
US blacklists company that ordered TSMC chip found in Huawei processor
More than a dozen Chinese entities were added to the restricted trade list, including a company whose TSMC-made chip was illegally incorporated into a Huawei AI processor.
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US core capital goods orders rebound as economy eyes strong end to 2024
New orders for key U.S.-manufactured capital goods surged in November, offering more signs that the economy is on solid footing as the year ends.
Read More US core capital goods orders rebound as economy eyes strong end to 2024
US third-quarter economic growth unrevised at 2.8%
The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending.
Read More US third-quarter economic growth unrevised at 2.8%