Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.
Category: Commerce Department
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U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The New York Times – Business: -
The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.
The New York Times – Business:Forecaste
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Retail Sales Fell in November, Despite Black Friday
The New York Times – Business:With food and gas prices still high, U.S. shoppers were more reluctant to spend on more discretionary items as the holiday shopping season arrived.
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US Cracks Down on Chinese Companies for Security Concerns
The New York Times – Business:The Biden administration placed severe restrictions on trade with dozens of Chinese entities, its latest step in a campaign to curtail Beijing’s technology ambitions.
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‘Innovation Hubs’ Aim to Lift Distressed Areas. Congress Just Has to Fund Them.
The New York Times – Business:A new report suggests where 20 newly created research centers could best revitalize struggling economies and accelerate new technologies
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Consumers Kept Up Their Spending in October, Even as Prices Rose
The New York Times – Business:Consumption climbed and personal income rose, even after accounting for inflation, new data from the Commerce Department showed.
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Gina Raimondo, a Rising Star in the Biden Administration, Faces a $100 Billion Test
The New York Times – Business:Gina Raimondo, the commerce secretary, has made a career of tackling increasingly larger challenges. Could the next one be too big?
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US Economy Grew at 2.6% Annual Rate in Q3, GDP Report Shows
The New York Times – Business:Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.
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Biden’s ‘Made in America’ Policies Anger Key Allies
The New York Times – Business:The president’s plans to bolster America’s electric vehicle and battery production have opened a rift in relationships in Asia and Europe.