Finance & Commerce1h
U.S. retail sales experience biggest decline in a year
U.S. retail sales dropped sharply last month, in part because cold weather kept more Americans indoors, denting sales at car ...
Bessent on Trump reciprocal tariffs threat: ‘This is not theater’
Treasury Secretary Scott Bessent defended President Trump’s recent decision to study the proposed reciprocal tariffs instead ...
US business inventories post first drop in nine months
U.S. business inventories fell for the first time in nine months in December as strong domestic demand depleted stocks at ...
US retail sales plunged along with temperatures in January after a bustling holiday season
U.S. retail sales dropped sharply last month, in part because cold weather kept more Americans indoors and dented sales at ...
US retail spending plunged last month, falling for the first time since August
American shoppers pulled back on their spending last month for the first time since August as stubborn inflation continued to ...
Trump closed a loophole for low-cost imports ‒ until all hell broke loose
Days after U.S. President Donald Trump ended duty-free entry for cheap Chinese goods entering the U.S., his administration ...
Retail sales post largest drop in nearly two years in January amid tariff uncertainty
Economists speculated that rising prices and uncertain economic outlook amid confusion over tariffs on imports were forcing consumers to tighten their purse strings.
US retail sales drop by most in two years amid fires, storms
U.S. retail sales slumped in January by the most in nearly two years, indicating an abrupt pullback by consumers after a ...
Treasury watchdog begins audit of Musk DOGE team’s access to federal government’s payment system
The Treasury Department's Office of Inspector General on Friday said it was launching an audit of the security controls for ...
Taiwan's GlobalWafers says it received no notifications about changes to US subsidies
Taiwan's GlobalWafers said on Friday it has not received any notifications indicating upcoming modifications to agreed ...
Retail sales slumped 0.9% in January, down much more than expected
Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones ...
Are Critical Minerals Trump Card In U.S.-China Chip Showdown?
China's Ministry of Commerce implemented export bans on key semiconductor materials, including gallium and germanium, to the ...