The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lower
Tag: Commerce Department
Inflation rises moderately in April, consumer spending slows
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
Read More Inflation rises moderately in April, consumer spending slows
US wholesale inventories drop by unrevised 0.4% in March
U.S. wholesale inventories fell, confirming that inventory investment was a drag on economic growth in the first quarter.
Read More US wholesale inventories drop by unrevised 0.4% in March
Exclusive: US eyes curbs on China’s access to AI software behind apps like ChatGPT
The Commerce Department is considering a new regulatory push to restrict the export of proprietary or closed source AI models.
Read More Exclusive: US eyes curbs on China’s access to AI software behind apps like ChatGPT
Trump Prosecutor Matthew Colangelo Served As Political Consultant For DNC, Donated To Obama
A Manhattan prosecutor who is managing the so-called “hush money” case against former United States President Donald Trump was previously a political strategist in 2018 for the Democratic National Committee (DNC), and he once contributed to former Democrat President Barack Obama as well.
Read More Trump Prosecutor Matthew Colangelo Served As Political Consultant For DNC, Donated To Obama
US economic growth slows in first quarter; inflation surges
he U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit.
Read More US economic growth slows in first quarter; inflation surges