Commerce Department – Page 5

GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track

The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.

U.S. Blacklists Two Spyware Firms Run by an Israeli Former General

The moves by the Commerce Department against the Europe-based firms are the latest effort to rein in a spyware industry that has spiraled out of control in recent years.

China’s Cloud Computing Firms Raise Concern for U.S.

The Biden administration is exploring whether it can mount a campaign against Chinese tech giants like Alibaba and Huawei, potentially fueling tensions with Beijing.

Blinken Visit Reveals Chasm in How U.S. and China Perceive Rivalry

Xi Jinping and nationalistic Chinese see recent U.S. actions as an effort to contain another superpower rather than compete with it — and they’re pushing back.

Consumer Spending Rose More Than Expected in April

New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.