Republicans Seek Broader Curbs on Exports of Chip Tools to China
Two Republican lawmakers called for broader American restrictions on the sale of chip-making tools after the U.S. government placed several Chinese supercomputing firms on an export blacklist, saying even tougher rules are needed to prevent the People’s Liberation Army from using sensitive technologies.
Americans Hit Fresh Online-Buying Milestone in 2019
Online shopping in the U.S. hit a new milestone in 2019, with a key metric surpassing every major category of brick-and-mortar stores except for big-ticket autos.
IHS Markit Services Employment Gauge Dips Into Contraction
A gauge of employment in U.S. service industries pointed to job losses for the first time in almost a decade, adding to signs of a cooling labor market.
Companies Add Most Jobs in Four Months
U.S. companies added the most jobs in four months in August while jobless claims stayed low last week, reports showed Sept. 5, suggesting the labor market remains healthy despite a slowdown in manufacturing and global weakness.
Trump Tweets Consumer Confidence Is at Record High, But It’s Not
President Donald J. Trump tweeted Dec. 12 that consumer confidence “is at an All-Time High.” In fact, it was higher when a Clinton was in the White House.
Pickup in Confidence Shows Americans Upbeat on Jobs, Economy
A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.
Under Hood of US Construction Spending Is Government Pullback
Here’s one key takeaway from the Commerce Department’s report March 1 on U.S. construction spending in January. Outlays dropped 1% from the previous month (forecast was for 0.6% rise), the biggest drop since April, which will drag on first-quarter gross domestic product.
Smaller US Trade Deficit Adds to Chances of Bigger GDP Rebound
Tracking estimates of third-quarter U.S. growth are rising because of a shrinking merchandise trade deficit, though a drop in September imports shows a step back in underlying demand in the economy.