The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.

The U.S. Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons.

World shares are mixed after losses for big technology stocks pulled major indexes lower on Wall Street.

The U.S. Commerce Department is seeking a ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware with the stated goal of protecting national security and U.S. drivers.

The United States is placing new sanctions on a spyware firm and its executives after its tools were used to spy on journalists, dissidents and public officials around the world.

Global shares are mixed in cautious trading ahead of the Labor Day holiday in the U.S. Investors also are looking ahead to the U.S. employment report set for release later this week for an indication of the strength of the American economy.

Stocks on Wall Street bounced back from a midafternoon fade Friday, and the market closed out its fourth straight winning month with solid gains.

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said in an upgrade of its initial assessment.

Stocks closed with mixed results on Wall Street after some late-day selling.

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September.

Tens of millions of dollars raised by a landmark climate law in Washington state will go to Native American tribes that are at risk from climate change and rising sea levels to help them move to higher ground, install solar panels, buy electric vehicles and restore wetlands.

Cybersecurity firm Kaspersky says it’s shutting down all of its operations in the United States, just weeks after the Commerce Department banned the use of the company’s software in the country.

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate.

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate.

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.

Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.

The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said in an upgrade from its previous estimate.

American shoppers picked up their spending a bit in February after pulling back the previous month.

The Biden administration will investigate potential national security risks posed by Chinese-made “smart cars” that can gather sensitive information about Americans driving them.

The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate.

The Federal Reserve’s preferred inflation gauge cooled further even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship.

President Joe Biden's administration is providing $162 million to Arizona high-tech manufacturer Microchip Technology to support the domestic production of computer chips.

The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that consumers should expect to see lower interest rates in 2024.

Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government said in an upgrade from its previous estimate.

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth.

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.

The Commerce Department has updated and broadened its export controls to stop China from acquiring advanced computer chips and the equipment to manufacture them.

An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices.

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.

An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September.

The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate.

Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter.

The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight to bring down inflation.

An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.

Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.

A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.

The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said in a slight upgrade from its initial estimate.

The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs.

The House voted Friday to reinstate tariffs on solar panel imports from several Southeast Asian countries.

Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.

The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.

Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious after a burst of spending in January.

The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates.

The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate.

America’s consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment.

The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production.

The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.

The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said in a downgrade from its initial estimate.

The world’s biggest shipper, Denmark’s A.

The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.

A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing.

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth.

Wall Street pointed slightly higher in premarket trading as investors await the government’s final inflation-related report of the year.

The U.S. economy grew at a 2.9% annual rate from July through September despite high interest rates and chronic inflation, the government said Wednesday in an upgrade from its initial estimate.

The Commerce Department is tightening export controls to limit China’s ability to get advanced computing chips, develop and maintain supercomputers, and make advanced semiconductors.

Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent, and other essentials.

Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.

The U.S. economy shrank at a 0.6% annual rate from April through June, the government said in a slight upgrade from its initial estimate.

Some Trump administration officials had initial doubts that it was legal to put a citizenship question on the 2020 census but pressed forward and attempted to add it.

The U.S. economy shrank at a 1.6% annual pace in the first three months of the year even though consumers and businesses kept spending at a healthy pace, the government reported Wednesday in a slight downgrade from its previous estimate for January-March quarter.

The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter.

Commerce Secretary Gina Raimondo pushed back forcefully Wednesday against critics — including some within the Biden administration — who say a government investigation of solar imports from Southeast Asia is hindering President Joe Biden’s ambitious climate goals.

Asian stock markets are lower after Chinese manufacturing weakened and Russian shelling around Ukraine’s capital jolted hopes of progress in peace talks.

The Commerce Department says it is investigating whether imports of solar panels from Southeast Asia are circumventing anti-dumping rules that restrict direct imports from China.

The Biden administration is raising red flags about 33 Chinese companies whose legitimacy it cannot verify.

The U.S. supply of computer chips has fallen to alarmingly low levels, raising the prospect of factory shutdowns.

Asian stock markets have risen after Wall Street hit a new high as fears of the coronavirus’s omicron variant eased.

The U.S. trade deficit narrowed to $67.1 billion in October, the lowest in six months, after hitting a record high in September.

U.S. sales of new homes edged up 0.4% last month, coming in below expectations as housing prices continued to climb.

The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter’s growth in the face of a resurgence of COVID-19 in the form of the delta variant.

Home construction fell a sharp 7% in July as homebuilders struggled to cope with a variety of headwinds.

General Motors is recalling more than 400,000 pickup trucks in the U.S. because the side air bags can explode without warning and spew parts into the cabin.

General Motors is recalling more than 331,000 diesel pickup trucks in the U.S. for a second time because the engine block heater cords can short circuit and cause fires.

The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades.

Orders for big-ticket manufactured goods rebounded 0.5% in March as U.S. factories recovered from frigid February weather disruptions.

Sales of new homes surged 20.7% in March to the highest level since 2006, rebounding from a sharp decline the previous month when severe winter storms wreaked havoc in many parts of the country.

U.S. housing construction rebounded strongly in March to the fastest pace since 2006, as home builders recovered from an unusually frigid February.

The U.S. trade deficit grew to a record $71.1 billion in February as a decline in exports more than offset a slight dip in imports, with severe weather taking much of the blame from analysts who were expecting a slightly lower deficit.

GDP in the October-December quarter rose from an estimated rate last month of 4.1%, the Commerce Department reported Thursday. AdEconomists believe all the government relief measures will boost GDP in the current January-March quarter to 5% or higher. Boussour forecast GDP growth for the full year of 7% with annualized growth rates close to 10% in the spring and summer. GDP fell at an annual rate of 5% in the first quarter of 2020, as the COVID-19 pandemic ended the country's record-long economic expansion, which was in its 11th year. GDP plunged by a record 31.4% rate in the April-June quarter and then rebounded by a record rate of 33.4% in the third quarter before slowing to the 4.3% gain in the fourth quarter.

The Commerce Department said Thursday, Jan. 7, 2021, the U.S. trade deficit jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports. – The level of imported goods to the U.S. in January reached unprecedented levels and pushed the trade deficit 1.9% higher as the coronavirus pandemic continues to distort global commerce. Exports rose 1% to $191.9 billion, while imports increased 1.2% to $260.2 billion. The trade deficit with Mexico rose $1.6 billion to $11.9 billion in January. Year-over-year, the goods and services deficit climbed to $23.8 billion, or 53.7%, from January 2020.

Spending on U.S. construction projects increased 0.9% in November as strength in home building offset weakness in other parts of the construction industry. – Spending on U.S. construction projects rose 1.7% in January as new home building continues to lift the sector. Spending on residential construction rose 2.5% in January, with single family home projects up 3%, the Commerce Department reported Monday. Last week, the Commerce Department reported that sales of new homes jumped 4.3% in January, and are 19.3% higher than they were last year at this time. Spending on government projects, which has been constrained by tight state and local budgets in the wake of the pandemic, rose 1.7%.

Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units. The Commerce Department said Monday, Oct. 26, 2020, that despite the modest decrease, sales of new homes are up 32.1% from a year earlier, as the housing market remains strong despite the pandemic. – Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments of the economy. Last month's increase pushed sales of new homes to an adjusted annual rate of 923,000, the Commerce Department reported Wednesday. The housing market has remained remarkably resilient in the face of the economic fallout of the coronavirus pandemic.

A sign sits in front of a KB Home construction site, Tuesday, Feb. 2, 2021, in Simi Valley, Calif. U.S. home construction fell 6% in January but applications for building permits rose sharply. (AP Photo/Mark J. Terrill)WASHINGTON – U.S. home construction fell 6% in January but applications for building permits, which typically signal activity ahead, rose sharply. Single-family construction starts dropped 12.2% while construction of apartment units rose 16.2%. And strong sales this year would only extend a banner 2020 when home construction jumped 7% to 1.38 million units. The only region of the country that saw an increase last month was the Northeast, where construction rose by 2.3%.

Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial companies offset other gains. (AP Photo/Lee Jin-man)TOKYO – Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial companies offset other gains. Underscoring signs of recovery, the Commerce Department said U.S. retail sales soared a seasonally adjusted 5.3% in January from the month before, the biggest increase since June and much larger than forecast. The yield on the 10-year Treasury slipped to 1.27% from 1.28% late Wednesday, near its highest level in a year. Last month’s jump in retail sales was largely driven by the $600 stimulus checks that went out to most Americans in late December and early January.

The Commerce Department said Thursday, Jan. 7, 2021, the U.S. trade deficit jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports. (AP Photo/Ted S. Warren, File)WASHINGTON – The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded President Donald Trump's attempts to rebalance America's trade with the rest of the world. Services exports dropped 20.4% last year. But that was overwhelmed by a $916 billion deficit in trade in goods such as aircraft and auto parts. In the December, the trade deficit dropped to $66.6 billion, down 3.5% from November.

– Sales of new homes rose 1.6% in December after a big decline in November that was even worse than previously thought. The increase last month pushed sales of new homes to a seasonally adjusted annual rate of 842,000, the Commerce Department reported Thursday, though that was fewer than analysts had projected. And the big drop reported earlier for November's was revised downward further, from 841,000 to 829,000 new homes sold. Regionally sales were uneven in December, with the biggest movement in the Midwest where sales jumped more than 30%. Sales in the Northeast and South fell between 5% and 6%, while the West saw sales increase almost 9%.

The number of newly issued permits to build fresh housing rose 6.2% in November on a seasonally adjusted basis. (AP Photo/David J. Phillip, File)WASHINGTON – U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years. For the year, construction began on 1.45 million units, up 4.8% from 2019 and the best pace since construction starts totaled 1.8 million units in 2006. For December, construction of single-family homes increased by 7.8% to 1.23 million units. Construction rose 13.6% in the Midwest, 11.2% in the West and 1.3% in the South.

(AP Photo/John Raoux)The Trump administration missed a deadline for giving Congress numbers used for dividing up congressional seats among the states, as the U.S. Census Bureau works toward fixing data irregularities found during the numbers-crunching phase of the 2020 census. President Donald Trump on Sunday let slip the target date for transmitting the apportionment numbers to Congress. “The Census Bureau is committed to fixing all anomalies and errors that it finds in order to produce complete and accurate results," said Deborah Stempowski, an assistant director at the Census Bureau, in a court filing last week. The earliest date the apportionment numbers will be ready is March 6, as the Census Bureau fixes anomalies discovered during data processing, Department of Justice attorneys said Monday during a court hearing. Gina Raimondo will be his nominee for Commerce Secretary, which would make her responsible for the final 2020 census numbers instead of current Commerce Secretary Wilbur Ross, if census data processing continues past Jan. 20.

The Commerce Department said Thursday, Jan. 7, 2021, the U.S. trade deficit jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports. (AP Photo/Ted S. Warren, File)WASHINGTON – The U.S. trade deficit jumped to $68.1 billion in November, the highest monthly deficit in 14 years, as a surge in imports overwhelmed a smaller increase in exports. The politically sensitive deficit with China rose 1.9% to $30.7 billion in November and totaled $283.6 billion for the first 11 months of 2020. The monthly deficit in goods and services of $68.1 billion was the largest imbalance since August 2006. Michael Pearce, senior U.S. economist at Capital Economics, said that the rising trade deficit would act as a drag on economic growth in the fourth quarter.

The U.S. Census Bureau has found new irregularities in the head count data that determines congressional seat allocations and the distribution of $1.5 trillion in federal spending each year, John Coghlan, a deputy assistant Attorney General, said during a court hearing. Under federal law, the Census Bureau is required to turn in the numbers used for allocating congressional seats by Dec. 31, but the bureau announced last week that the numbers wouldn’t be ready. At the time, the Census Bureau said it would finish the apportionment numbers in early 2021, as close to the end-of-year deadline as possible. The new irregularities discovered by the Census Bureau should come as no surprise, said Rob Santos, president of the American Statistical Association, in an email Monday night. Meanwhile, attorneys for the coalition said they plan to seek court sanctions against Trump administration attorneys for refusing to turn over data and documents they are seeking.

“The delay suggests that the census bureau needs more time to ensure the accuracy of census numbers for all states,” said Terri Ann Lowenthal, a former congressional staffer who specializes in census issues. The Commerce Department oversees the Census Bureau, which conducts the once-a-decade head count of every U.S. resident. They like to maintain the schedule, but that can’t be a priority for them," said Kenneth Prewitt, a former Census Bureau director during President Bill Clinton's administration. The Office of Inspector General said the Census Bureau failed to complete 355,000 re-interviews of households to verify their information was accurate. Former Census Bureau director John Thompson said the quality of the data is “the overarching issue” facing the Census Bureau.

U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during the pandemic expired. The Commerce Department reported Thursday, Oct. 1 that spending grew by just 1%, the weakest growth since spending fell 12.7% in April when rapidly spreading COVID-19 infections shut down large parts of the economy. (AP Photo/Mark Lennihan)WASHINGTON – U.S. consumer spending fell 0.4% in November, the first decline since April, as Americans confronted a newly resurgent virus. The last decline was 12.7% fall in April during the lockdown. Personal incomes fell 1.1% in November, the third drop in the past four months as various government relief programs have been expiring.

(AP Photo/Charles Krupa)DETROIT – General Motors is recalling nearly 840,000 vehicles in the U.S. for suspension problems or because the front seat belts can fail. The seat belt recall covers 624,000 2019 through 2021 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks. Also included are the 2021 Chevrolet Suburban and Tahoe and GMC Yukon XL, and the 2020 and 2021 Silverado 2500 and 3500 and GMC Sierra 2500 and 3500. GM says in government documents that the seat belt brackets may not have been secured to the seat frame. GM will notify owners starting Feb. 1 and dealers will inspect the seat belt brackets and assemble them correctly.

The U.S. economy expanded at a 33.4% annual pace from July through September, the Commerce Department said Tuesday, Dec. 22, 2020 delivering the last of three estimates on the economys third-quarter performance. (AP Photo/Steven Senne, file)WASHINGTON – The U.S. economy expanded at a record 33.4% annual pace from July through September, the Commerce Department said Tuesday, delivering the last of three estimates on the economy’s third-quarter performance. But it's likely that a resurgence in coronavirus cases slowed growth sharply during the last three months of 2020. Employers slashed 22 million jobs in March and April, then began to steadily recall furloughed workers. But the United States is still 9.8 million short of the jobs it had February, and hiring has slowed every month since June.

Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. (AP Photo/Lee Jin-man)Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. Overnight, Wall Street’s benchmark S&P 500 index lost 0.2% after Trump criticized the aid plan approved by Congress. The Shanghai Composite Index rose 0.8% to 3,382.08 and the Nikkei 225 in Tokyo added 0.1% to 26,470.94. Tech companies rose.

FILE - This Sept. 24, 2020 file photo shows a new home under construction in Houston. The number of newly issued permits to build fresh housing rose 6.2% in November on a seasonally adjusted basis. Housing starts rose 1.2%, and are up 12.8% higher than a year ago, the Commerce Department reported Thursday, Dec. 17, to an annualized rate of 1.547 million. (AP Photo/David J. Phillip, File)(Copyright 2020 The Associated Press. All rights reserved.)

The congressional committee that oversees the Census Bureau issued a subpoena Thursday to U.S. Commerce Secretary Wilbur Ross, seeking documents related to data irregularities that threaten to upend a yearend deadline for submitting numbers used for divvying up congressional seats. The anomalies will likely force a delay of several weeks past a Dec. 31 deadline for the Census Bureau to turn in the congressional apportionment numbers. In a letter last week, Maloney wrote that the Commerce Department — which oversees the Census Bureau — missed a Nov. 24 deadline to give the documents to the committee. The Census Bureau said last week that the data irregularities affect only a tiny percentage of the records and are being resolved as quickly as possible. The House committee has obtained three new internal agency documents showing the Census Bureau plans to deliver the apportionment numbers to the president no earlier than Jan. 23, which would be shortly after Trump leaves office and President-elect Joe Biden takes over.

WASHINGTON – A federal judge has blocked President Donald Trump's attempts to ban TikTok, the latest legal defeat for the administration as it tries to wrest the popular app from its Chinese owners. The Trump administration had tried to ban the short-form video app from smartphone app stores in the U.S. and cut it off from vital technical services. Nichols is the second federal judge to fully block the Trump administration's economic sanctions against the app as the court cases proceed. The Trump administration has alleged that TikTok is a security threat because the Chinese government could spy on app users’ personal data. TikTok has denied it’s a security threat but said it’s still trying to work with the administration to resolve its concerns.