Stories tagged: Commerce Department
UPDATED: Fri., June 2, 2017, 7:45 p.m.
US trade deficit rises to highest level since January
The U.S. trade deficit rose in April to the highest level since January. The politically sensitive trade gap with China registered a sharp increase.
UPDATED: Tue., May 30, 2017, 10:33 a.m.
Consumers spend at fastest pace in four months in a sign of spring economic rebound
Americans ratcheted up their spending in April at the fastest pace in four months in a sign the economy has rebounded this spring after a lackluster winter.
Tue., March 21, 2017, 8:32 a.m.
U.S. current account deficit narrows in fourth quarter
The deficit in the broadest measure of U.S. trade shrank in the final three months of 2016 but the gap for the full year rose to the highest level in …
Wed., March 15, 2017, 7:53 a.m.
Americans spent slightly more at retail stores last month
Americans spent only slightly more in February at retail stores compared with January, a sign of consumer caution despite rising optimism about the economy.
UPDATED: Fri., March 3, 2017, 5:39 p.m.
Caterpillar sued by investor after corporate offices raided
Caterpillar was sued by a shareholder for alleged deception a day after federal officials raided its corporate headquarters in Peoria, Illinois, seeking evidence as part of a criminal probe.
UPDATED: Thu., March 2, 2017, 5:49 p.m.
Caterpillar offices raided in probe related to Swiss unit
Federal law enforcement officials raided three central Illinois facilities of manufacturer Caterpillar on Thursday as part of an investigation the company said may be related to business with its Swiss …
Tue., Jan. 24, 2017, 11:43 a.m.
Trump’s nominee to lead Commerce Department clears key Senate panel
Billionaire investor Wilbur Ross, President Trump’s nominee to lead the Commerce Department, cleared a key Senate panel Tuesday with bipartisan support, signaling an easy path to confirmation.
Fri., Jan. 13, 2017, 6:39 a.m.
More pay, greater confidence lifts US retail sales 0.6 pct.
Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and a solid increase in pay.
Thu., Dec. 1, 2016, 12:54 p.m.
Construction spending up 0.5 percent in October
U.S. builders boosted spending on construction projects by a modest amount in October, helped by big gains in spending on home construction and the biggest increase in government projects in …
Tue., Nov. 29, 2016, 9:16 a.m.
U.S. economy grew at 3.2 percent in third quarter
The U.S. economy in the third quarter grew at the fastest pace in two years, with a revised report showing stronger consumer spending than first estimated.
Wed., Nov. 23, 2016, 9:04 a.m.
Sales of new homes decline to four-month low in October
Purchases of new U.S. homes declined in October to a four-month low, showing the residential real estate market began to soften a month prior to a jump in borrowing costs.
Mon., Sept. 26, 2016, 2:21 p.m.
Sales of new homes tumbled 7.6 percent in August
Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West.
Tue., June 14, 2016, 12:48 p.m.
Retail sales rose in May for 2nd straight month
Retail sales last month rose 0.5 percent from April to $455.6 billion, the Commerce Department said Tuesday. It was the second straight month of increases.
Tue., June 7, 2016, 6 a.m.
Seattle federal worker who exposed veteran’s fraud on defensive
A federal employee in Seattle helped expose a fraud in which an Army veteran lied his way to a Purple Heart and hundreds of thousands of dollars in government benefits. …
Thu., May 26, 2016, 1:36 p.m.
U.S. durable goods orders up, but business investment slips
Orders to U.S. factories for long-lasting manufactured goods rose in April by the most since January. But much of the strength came from a surge in the volatile category of …
Thu., March 3, 2016, 9:52 a.m.
U.S. factory orders up 1.6 percent, best in 7 months
Orders to U.S. factories increased in January by the most in seven months, while a key category that tracks business investment plans rose by the largest amount in 19 months.
Fri., Feb. 26, 2016, 7:23 a.m.
Consumer spending up solid 0.5 percent in January
Americans boosted their spending in January at the fastest pace in eight months, while their incomes increased by the largest amount since June. Both are signs that the economy got …
Thu., May 2, 2013, 7:40 a.m.
Obama taps Pritzker, Froman for economic jobs
WASHINGTON — President Barack Obama is nominating longtime fundraiser and philanthropist Penny Pritzker to run the Commerce Department and economic adviser Michael Froman to be the U.S. Trade Representative.
Tue., April 27, 2010, 9:10 a.m.
Home price index shows first annual gain in 3 years
Home prices in February posted their first annual increase since the end of 2006, lifted by temporary tax credits for homebuyers.
Fri., April 23, 2010, 6:55 a.m.
New home sales jump from record low
Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as government incentives and better weather boosted sales.
Tue., April 14, 2009, 7:24 a.m.
Retail sales fall unexpectedly in March
Retail sales fell unexpectedly in March, delivering a setback to hopes that the economy’s steep slide could be bottoming out.
Fri., Feb. 13, 2009
Gregg abruptly drops bid for commerce secretary
WASHINGTON – It was just Monday when President Barack Obama told a prime-time news conference that appointing three Republicans to his Cabinet reflected an “unprecedented” commitment to bipartisanship. But by …
Fri., Feb. 13, 2009
In brief: Retail sales show rise in January
U.S. retailers rang up their largest increase in sales in more than a year during January, rebounding strongly after a six-month string of sharp declines, the Commerce Department reported Thursday. …
Wed., Feb. 4, 2009
Gregg accepts commerce nod
WASHINGTON – In an unusual arrangement, Republican Sen. Judd Gregg agreed Tuesday to join the Obama administration as commerce secretary after the Democratic governor of New Hampshire agreed to appoint …
Mon., Feb. 2, 2009
Senators don’t expect power shift
WASHINGTON – President Barack Obama is expected to pick a Republican senator, Judd Gregg of New Hampshire, as his commerce secretary soon. But officials expect the state’s Democratic governor, John …
Fri., Jan. 30, 2009
GOP senator may be choice for Commerce
WASHINGTON – Sen. Judd Gregg, R-N.H., is under consideration for the Commerce secretary post in President Barack Obama’s Cabinet, raising the prospect that Democrats could gain a filibuster-proof majority of …