Commerce Department
Arkansas Loses Millions in Federal Broadband Funds After Trump Decries Grant Program as ‘Woke’
Between the state and UAMS, Arkansas was set to receive nearly $28 million to expand broadband access in rural and low-income communities. read more >
by Chloe McGehee -
US Consumers Keep Spending Amid Inflation, High Interest Rates
An inflation gauge closely monitored by the Federal Reserve shows price increases remained elevated in September amid brisk consumer spending and strong economic growth. read more >
US Economy Accelerated to a 4.9% Rate Last Quarter
The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace. read more >
by Associated Press -
December Retail Sales Fall 1.1% After Slipping in November
Spending had remained resilient despite a spike in inflation that began almost 19 months ago, but the capacity of Americans to continue that spending has ebbed. read more >
by Associated Press -
US Economy Grew 3.2% in Q3, an Upgrade From Earlier Estimate
The rise in gross domestic product — the economy's output in goods and services — marked a return to growth after consecutive drops in the January-March and April-June periods. read more >
by Associated Press -
US Economy Returned to Growth Last Quarter, Expanding 2.6%
Economists noted that the third-quarter gain in GDP could be traced entirely to the surge in exports, which added 2.7 percentage points to the economy's expansion. read more >
by Associated Press -
Resilient US Consumers Spent Slightly More in August
Still, there were signs that rising prices are weighing on shoppers. read more >
by Associated Press -
Retail Sales Up 0.3% in August Amid Inflation
The sales figures for August were largely boosted by higher spending on vehicles. read more >
by Associated Press -
Government Revision Shows Economy Shrank 0.6% Last Quarter
In its previous estimate for the April-June quarter, the government had estimated that the economy had shrunk at a 0.9% rate. read more >
by Associated Press -
US Retail Sales Were Flat in July as Inflation Takes a Toll
Still, Wednesday's report contained some positive signs: Excluding autos and auto parts, retail sales rose 0.4% in July. read more >
by Associated Press -
Long-Term Mortgage Rates Under 5% for First Time in 4 Months
Home prices have kept climbing — albeit at a slower pace than earlier this year. read more >
by Associated Press -
Average US Long-Term Mortgage Rates Retreat to 5.3%
One year ago the average 30-year rate was 2.8%. read more >
by Associated Press -
Retail Sales Up 1% in June, Easing Fears of a Recession
The figures aren't adjusted for inflation and so largely reflect higher prices, particularly for gas. read more >
by Associated Press -
US Economy Slipped 1.6% in Q1, Slightly More Than First Thought
Still, the negative GDP number probably doesn't signal the start of a recession, and economists expect growth to resume later this year. read more >
by Associated Press -
Retail Sales in May Slip 0.3% Amid Surging Inflation
A sharp decline in auto sales, largely because of higher prices and shortages of new car inventories, depressed the retail sales figure. read more >
by Associated Press -
US Solar Companies Weigh Challenge to Biden’s Pause on Tariffs
The White House said Biden's actions would boost the industry, but some U.S. companies believe the measures will benefit China. read more >
by Associated Press -
Biden’s Solar Support Is ‘Great News,’ Arkansans Say, With Caveats
Scenic Hill Solar CEO Bill Halter said the executive orders will eliminate a "self-inflicted wound" to domestic solar projects. read more >
by Kyle Massey -
Biden Waives Solar Panel Tariffs, Seeks to Boost Production
The announcement follows months of complaints from the industry over a Commerce Department investigation that has slowed or postponed solar projects across the nation. read more >
by Associated Press -
Retail Sales Rise 0.9% in April as Consumers Show Resilience
The increase was driven by greater sales of cars and electronics, and spending at restaurants. read more >
by Associated Press -
A Threat To Energy Independence (Editorial)
A Commerce Department investigation that threatens the development of the solar energy industry raises concerns about U.S. energy independence. read more >
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