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US wholesale inventories increase for third straight month in April
U.S. wholesale inventories increased 0.6% in April, marking the third straight month of growth amid supply concerns linked to the U.S.-Iran conflict.
Rising exports lower US goods trade deficit in April
The US goods trade deficit narrowed in april as exports rose 4%, offsetting import gains amid ongoing middle east tensions and ai investment.
Annual US inflation posts biggest gain in nearly 3 years in March
U.S. inflation accelerated in March with a 3.5% annual rise, driven by gasoline price surges amid the Iran war, impacting Federal Reserve rate outlook.
US goods trade deficit widens in March as imports rise sharply
The U.S. goods trade deficit rose to $87.9 billion in March due to a sharp increase in imports, signaling a potential drag on first-quarter economic growth.
US fourth-quarter GDP growth revised lower to a 0.5% rate
WASHINGTON, April 9 (Reuters) – U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised 0.5% annualized rate, the Commerce Department‘s Bureau of Economic [...]
US new home sales drop to near 3 1/2-year low in January
US new home sales dropped 17.6% in January to their lowest level since October 2022, impacted by severe winter weather and rising mortgage rates.
US fourth-quarter GDP growth revised down to 0.7%
U.S. GDP growth for the fourth quarter was revised down to 0.7% due to lower consumer spending, business investment, and export growth, government data shows.
US October trade deficit lowest since 2009 as imports decline
The U.S. trade deficit shrank to its lowest level since 2009 in October as imports plunged and exports hit records.
US lawmakers want disclosure of license reviews for Nvidia H200 chip sales to China
WASHINGTON, Dec 22 (Reuters) – Two senior Democratic lawmakers on Monday asked the U.S. Commerce Department to disclose details and any approvals of ongoing license reviews for potential sales to Chinese firms of Nvidia’s second-most powerful AI chips. President Donald Trump this month said he would allow sales of Nvidia’s H200 chips to China, with […]
Trump allows limited Nvidia chip sales to China
Trump will allow Nvidia to sell H200 AI chips to approved buyers in China, sparking praise from industry leaders and objections from Democratic senators.
US retail sales rose slightly in September, adding to months of big gains
U.S. retail sales rose 0.2% in September as high prices and weak hiring pressured consumers, though stronger spending may boost third-quarter economic growth.
US trade deficit drops 24% as tariffs cut imports
US trade deficit fell 24% in August as Trump’s global tariffs reduced imports, dropping the gap to $59.6B, Commerce Department reports.
