The U.S. has been restricting certain American exports to China, citing national security concerns. But other U.S. exporters could benefit from improved trade relations.
“The stakes are so high” when it comes to making the U.S. a leader in this key technology, says Gina Raimondo.
A boost in disposable income fueled spending and saving. Data signals a healthy outlook, but lower-income people are draining reserves.
The Bureau of Economic Analysis revised GDP down to 2.7% from the fourth quarter of last year.
Orders for long-lasting items rose 0.8% in June. The data could reflect trends in inflation, automation and the economic recovery.
Raimondo discusses the infrastructure packages moving through Congress and the semiconductor chip shortage.
The Commerce Department says, starting Sunday, neither app can be downloaded or updated in the U.S.
Will consumers stop propping up aging economic recovery?
Orders for autos, metals and business machinery were all down.