Amid concerns about Beijing's use of emerging technologies, the administration adds China's top military medical research institute to an export blacklist.
US retail sales grew by 0.3% in November, down October’s growth of 1.7%, amid an inflation spike that has raised prices of all products, Commerce Department data showed on Wednesday.
A new report from Boston Consulting Group (BCG) shows that Americans plan to spend more during this year’s Black Friday and Cyber Monday events than last year’s, suggesting retailers may be in for a windfall as the busy holiday shopping season kicks off.
The U.S. Commerce Department has added a dozen Chinese companies to a trade blacklist, citing national security concerns and some of the firms’ involvement in aiding the Chinese military’s quantum computing efforts.
The United States is likely to see greater inflation risks from record-high housing prices as demand continues to outstrip the number of newly-built homes while bottlenecks in supply chains slow construction, Federal Reserve Governor Michelle Bowman said on Monday.
