Commerce Department

Dow Surges To Highest Close In More Than Four Years

AP | MATTHEW CRAFT | Posted 05.02.2012

Read More: Video, S&P Capital IQ, Stocks, Dow Jones Industrial Average, Nasdaq, Manufacturing, Commerce Department, Jobs Report, Chesapeake Energy Corp. Stocks, Business, Standard & Poor's 500 Index, US Manufacturing, The Dow, Business News

NEW YORK — The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its h...

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Dow Surges To Highest Level In More Than Four Years

Reuters | Posted 05.02.2012

Read More: Video, S&P Capital IQ, Stocks, Dow Jones Industrial Average, Nasdaq, Jobs Report, Manufacturing, Commerce Department, Chesapeake Energy Corp. Stocks, US Manufacturing, Standard & Poor's 500 Index, The Dow, Reuters, Business News

* Herbalife shares tank on Einhorn remarks * ISM manufacturing growth tops expectations * Chesapeake to replace McClendo...

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Turn on the Global High Beams for American Jobs

Trooper Sanders | Posted 04.12.2012

While America does not have a royal family to promote its brand, people and products around the world, it does have an untapped resource with its own brand of royal magic: former presidents and first ladies.

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Jobless Claims Hit Lowest Level In Four Years

AP | CHRISTOPHER S. RUGABER | Posted 03.29.2012

Read More: European Debt Crisis, Layoffs, Gas Prices, Video, Unemployment, Unemployment Rate, Inflation, Great Recession, Federal Reserve, Jobs, Commerce Department, Unemployment Benefits, Jobless Claims, High Frequency Economics, Business News

WASHINGTON -- The number of people seeking U.S. unemployment benefits dropped last week to the lowest level in four years, adding to evidence that the...

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Last Year Was The Worst Year For New-Home Sales On Record

AP | By DEREK KRAVITZ | Posted 03.27.2012

Read More: Housing Prices, Housing Market, Foreclosure Crisis, Video, New Home Sales 2011, New Home Purchases, Worst Year Home Sales, New Home Sales, Commerce Department, Business News

WASHINGTON -- Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half ...

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GOP Warms To Obama's Plan To Trim And Merge

HuffingtonPost.com | Jennifer Bendery | Posted 01.14.2012

Read More: Dave Camp, Video, Mitch McConnell, John Boehner, Republicans Smaller Government, Government Consolidation, Government Spending, Commerce Department, Orrin Hatch, Max Baucus, Small Government, US Trade Representative, Barack Obama, Eric Cantor, Smaller Government, Obama Smaller Government, Politics News

WASHINGTON -- Congressional Republicans are cautiously embracing President Barack Obama's proposal for shrinking the size of the federal government, a...

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The Latest Sign That The Economy Is Gaining Steam

Reuters | Posted 03.04.2012

Read More: Commerce Department, Video, Construction Spending, US Construction Spending, Construction Spending November, Reuters, Business News

WASHINGTON, Jan 3 (Reuters) - U.S. construction spending surged to a near 1-1/2 year high in November as investment in public and private projects ros...

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Americans' Spending Barely Rose Last Month, Raising Doubts For Next Year

AP | MARTIN CRUTSINGER | Posted 02.22.2012

Read More: Job Market, JPMorgan Chase, Labor Market, Holiday Shopping, Video, Commerce Department, Unemployment Benefits, Consumers, Japan, Consumer Spending, Income, Business News

WASHINGTON — Consumers spent at a lackluster rate in November as their incomes barely grew, suggesting that Americans may struggle to keep spend...

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China's Solar Subsidies: Growing The Industry Could Mean Throwing American Manufacturers Under The Bus

HuffingtonPost.com | Lucia Graves | Posted 12.20.2011

Read More: Government Energy Subsidies, States International Trade Commission, Joshua Pearce, Cliff Stearns, Solar Industry, Itc, Green Technology, Affordable Solar, Renewable Energy, Commerce Department, China Solar Subsidies, Solar Panel Manufacturing, China Competition, Green Living, US Solar Jobs, Green News

WASHINGTON -- This fall Rep. Cliff Stearns (R-Fla.) drew indignant headlines when he said "we can't compete with China to make solar panels and wind t...

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Promising Sign For The Housing Market

Posted 12.20.2011

Read More: Housing Starts, Commerce Department, Housing Market, Video, Housing Permits, Future Construction, Rental Apartments, Housing Recovery, Treasury, Business News

WASHINGTON - Housing starts and permits for future construction jumped to a 1-1/2 year high in November as demand for rental apartments rose, sugg...

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U.S. Trade Gap Narrowest In Months, As Imports From China Hit Record High

Posted 12.09.2011

Read More: European Debt Crisis, U.S. Trade Deficit, Video, Imports, Monetary, Stock Market, European Union, Commerce Department, Manufacturing, High Frequency Economics, China, Business News

The U.S. trade deficit narrowed in October to its lowest in 10 months, but imports from China hit a record high, a government report showed on Fri...

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Consumer Spending Slows As Americans Dig Themselves Out Of Debt

The Huffington Post | Bonnie Kavoussi | Posted 11.23.2011

Read More: Savings Rate, Video, Unemployment Rate, Black Friday, Commerce Department, Consumer Spending, Personal Income, Bureau of Economic Analysis, Business News

As Americans pay down their household debt, their reluctance to spend is hurting the economic recovery. Though disposable personal income rose 0.3...

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Retail Sales Up For Fifth Straight Month Heading Into Holiday Shopping Season

AP | MARTIN CRUTSINGER | Posted 01.15.2012

Read More: Autos, Holiday Shopping, Video, Clothing Stores, Retail Sales, Shopping, Building Supplies, Commerce Department, Department Stores, Economic Activity, Consumer Spending, Electronics, Business News

WASHINGTON — Americans spent more on autos, electronics and building supplies in October. The fifth straight monthly gain in retail sales sugges...

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Americans Saving Lowest Percentage Of Disposable Income In Nearly 4 Years

Posted 12.28.2011

Read More: Income US, Savings Rate, September Personal Savings Rate, Commerce Department, Video, Business News

Sluggish growth in U.S. consumer income in September led households to cut back on saving to increase their spending, casting doubts over the dura...

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Senate Approves Obama's Nominee For Commerce Department

AP | By ALAN FRAM | Posted 12.20.2011

Read More: Boeing, John Bryson, Walt Disney Company, Commerce Department, Edison International, Southern California Edison, John Bryson Commerce Secretary, Business News

WASHINGTON -- The Senate voted Thursday to approve President Barack Obama's nomination of former utility executive John Bryson to head the Commerce De...

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How A Rising Chinese Yuan Will Affect The U.S. Economy

Posted 12.05.2011

Read More: Deutsche Bank, Video, Yuan, Unemployment Rate, Carnegie Endowment for International Peace, International Monetary Fund, Deep Recession, Commerce Department, Jobs, Peterson Institute for International Economics, Job Creation, China, Business News

(Emily Kaiser) - A sharp rise in China's yuan currency might cut the U.S. trade deficit by as much as one third and create enough American jobs to...

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Income Falls For First Time In Two Years

Posted 11.30.2011

Read More: Video, Labor Market, Unemployment, Employment Growth, Inflation, Disposable Income, Commerce Department, Consumer Spending, Business News

WASHINGTON - Consumer spending adjusted for inflation was flat in August as income fell for the first time in nearly two years amid a weak labor m...

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U.S. Economy Grew Slightly More Than Originally Estimated In Spring

Posted 11.29.2011

Read More: Core PCE Index, European Debt Crisis, Video, Great Recession, Nonresidential Structures, Capital Goods, Commerce Department, Federal Reserve, Consumer Spending, Gross Domestic Product, Business News

The economy grew slightly more than previously reported in the second quarter, helped by consumer spending and export growth that was stronger tha...

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Nobel Prize-Winning Economist: 50 Percent Chance Of Global Recession

The Huffington Post | Harry Bradford | Posted 10.26.2011

Read More: Meredith Whitney, Global Recession, Gdp, The Nobel Prize in Economics, Double-Dip Recession, New York University?S Stern School of Business, Bloomberg Television, Commerce Department, U.S., Europe, China, Michael Spence, Business News

Michael Spence, professor at New York University’s Stern School of Business and winner of the 2001 Nobel Prize in economics, told Bloomberg Televisi...

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Republicans Trying to End Small Business Programs Again

Lloyd Chapman | Posted 10.10.2011

Read More: Veronique De Rugy, Senate Republicans, Small Business, Congress, President Obama, Ronald Reagan, Jobs, President Reagan, Sba, Obama, Republican Party, Senate, Small Business Administration, George W. Bush, Commerce Department, Job Creation, Republicans, Small Business America, Business News

Well, it looks like they are at it again in Washington. Republicans in the Senate are once again trying to end all small business programs for women, minorities and veterans.

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Energy Prices, Japan Crisis Lead To Few Factory Orders

AP | By MARTIN CRUTSINGER | Posted 10.03.2011

Read More: Automakers, Gas Prices, Japan Earthquake, Energy Prices, Manufacturing, Jobs, Commerce Department, Factory Orders, Consumer Spending, Factory Goods, Institute for Supply Management, Video, Business News

WASHINGTON -- Businesses cut back on orders for airplanes, autos and heavy machinery in June, lowering demand for factory goods for the second time in...

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Service Sector Growing At Slowest Pace In Well Over A Year

AP | CHRISTOPHER S. RUGABER | Posted 10.03.2011

Read More: Hotels, Gas Prices, Slowdown, Restaurants, Service Industry, Commerce Department, Double Dip Recession, The Dow Jones Industrial Average, Consumer Spending, Institute for Supply Management, Business News

WASHINGTON — Service businesses such as restaurants, hotels and financial companies experienced their weakest growth in 17 months in July. The ...

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Weak GDP Report Suggests Economic Recovery Will Be Painfully Slow

HuffingtonPost.com | Alexander Eichler | Posted 09.28.2011

Read More: Recovery, Unemployment, Gdp, Lakshman Achuthan, Double-Dip Recession, Economy, Commerce Department, Federal Reserve, Jobs, Ben Bernanke, Economic Recovery, Gdp Q2, Gdp Growth, Josh Bivens, Recession, Gdp Q2 2011, Business News

The American economy grew anemically during the spring, the government reported Friday, and prior growth was even slower than initially grasped, deali...

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Utility Executives: Unlikely Allies in Climate Fight

Brian Keane | Posted 08.28.2011

Read More: Commerce Secretary, Utility Companies, President Obama, John Bryson, Renewable Energy, Commerce Department, Climate Change, Clean Energy, Global Warming, Green News

New Commerce Secretary John Bryson will bring both private sector and environmental expertise to the administration. He faces the task of expanding U.S. exports and increasing competitiveness.

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With Gas Prices High, Americans Spending Now Weakest In Nearly Two Years

Posted 08.27.2011

Read More: Commerce Department, High Gas Prices, Consumer Confidence, Food Prices, Summer Consumer Confidence, Consumer Spending, Slow Wage Growth, May Consumer Spending, Business News

WASHINGTON (AP) -- Americans spent at the weakest pace in 20 months, a sign that gas prices are taking a toll on the economy. Consumer spending was...

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