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By Christopher Rugaber, Associated Press
An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the…
The chips used in the production of automobiles and medical devices are especially scarce. The department said demand for chips was up 17 percent last year from 2019.
By Associated Press
Biden said that retail inventories are up 3 percent from last year and on-shelf availability for products is at 91 percent, close to where it was before the pandemic.
Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed…
By Martin Crutsinger, Associated Press
Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4 percent annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.
By Mike Schneider, Associated Press
A panel of three judges on Friday ruled that President Donald Trump's effort to exclude people in the country illegally from the numbers used for dividing up congressional seats is unlawful.
The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses…
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.
In an effort to cut off Huawei’s undermining of existing U.S. sanctions, the U.S. government is imposing new resctrictions on the Chinese tech giant by limiting its ability to use American technology to build its semiconductors.
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