Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.
Category: Commerce Department
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Inside Washington’s Role in Microsoft’s Big AI Deal With G42
The White House laid the ground work for Microsoft’s $1.5 billion investment in an Emirati artificial intelligence start-up, a deal meant to box out Beijing.
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A Key Inflation Gauge Hovers Above Fed’s Target
The Fed’s preferred inflation gauge was relatively stable on an annual basis, the latest reminder that bringing inflation down is a bumpy process.
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Biden Calls Chinese Electric Vehicles a Security Threat
The president ordered an investigation into auto software that could track U.S. drivers, part of a broader effort to stop E.V. imports from China.
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Plans to Expand U.S. Chip Manufacturing Are Running Into Obstacles
Delays in finishing new factories are emerging, just as the Biden administration begins handing out money to stoke domestic production.
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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Supreme Court to Hear Case That Could Limit Power of Federal Government
The Supreme Court will hear arguments on Wednesday over whether to overturn a key precedent on the power of executive agencies.
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Democrats Question Semiconductor Program Ties to Wall Street
Two progressive lawmakers warned the Biden administration against creating a revolving door between industry and government as it prepares to hand out $39 billion in grants.
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The Next Front in the U.S.-China Battle Over Chips
A U.S.-born chip technology called RISC-V has become critical to China’s ambitions. Washington is debating whether and how to limit the technology.
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U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries
The Biden administration said its second grant under a new program would help Microchip Technology expand its facilities in Oregon and Colorado.