Mixed Signals: Weaker Growth, Higher Profits
The U.S. economy lost some steam during the first three months of the year. The Commerce Department said Friday that growth slowed to just 2.2 percent, down from 3 percent at the end of last year. The...
View ArticleMarkets Post Best Week Of The Year
The markets ended in positive territory for the fourth day in a row, capping off the best week this year. Of course, last week, was painful with big losses. The Wall Street Journal reports on the numbers:
View ArticleCommerce Secretary Cited For Hit-And-Run After Car Crashes
Commerce Secretary John Bryson suffered an apparent "seizure" before a series of car crashes on Saturday in Los Angeles, a department spokesman says, according to an Associated Press "alert" issued...
View ArticleThe U.S. GDP, Sliced And Diced In Two Graphics
No surprise: The economy grew only sluggishly in April, May and June. The U.S. Commerce Department says gross domestic product — the sum of all goods and services produced in the country — grew by just...
View ArticleConsumer Prices Rose Slightly In August; So Did Retail Sales
Here are two fresh economic reports: - Consumer prices rose 0.6 percent in August, mainly due to more expensive gasoline. The Bureau of Labor Statistics says most of the bump up came from its gas...
View ArticleNobel In Physics: Your Tax Dollars At Work
You wouldn't be surprised to learn that a laboratory run by the U.S. Department of Commerce is working on more precise methods to measure stuff. However, you might not expect it to be at the cutting...
View ArticleHomebuilding Is Booming, But Skilled Workers Are Scarce
The construction industry in the U.S. is staging a comeback. In one indicator, the Commerce Department announced Thursday that new homebuilding has reached its highest level in 4 1/2 years.While that's...
View ArticleFla. Tomato Growers Think Trade Deal With Mexico Is Rotten
Half of all tomatoes eaten in the U.S. come from Mexico, and tomato growers in Florida aren't happy about that. In fact, they're willing to risk a trade war to reverse the trend.At JC Distributing In...
View ArticleObama Announces Commerce, Trade Nominees
Transcript RENEE MONTAGNE, HOST: NPR's business news starts with two new cabinet appointments.(SOUNDBITE OF MUSIC)MONTAGNE: This morning, President Obama appointed Penny Pritzker to run the commerce...
View ArticleObama Picks Major Fundraiser To Be Next Commerce Secretary
Penny Pritzker, one of the nation's richest people and a "longtime political supporter and heavyweight fundraiser,"as TheChicago Tribune writes, is President Obama's choice to be his next secretary of...
View ArticleU.S. Economy: GDP Surprises, And Hiring Rises In July
The U.S. economy grew by an annualized rate of 1.7 percent in the second quarter of 2013, according to gross domestic product data released Wednesday morning. The Commerce Department says the rise...
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