U.S. Department of Commerce
Commerce Department Bets Big on San Francisco as National AI Hub
Federal government look to plant a flag in Bay Area’s AI corridor as region dominates global venture funding and reshapes commercial real estate...
Durable Goods Orders Rise 0.5% in September as Shipments Point to Solid Q3 Capex Momentum
Core capital goods orders climb 0.9 percent, supporting Wells Fargo Economics’ 6 percent annualized equipment-spending estimate A year defined by uneven business investment...
Strong Q4 Profits Mask Growing Trade Threat to U.S. Economy
The U.S. economy ended 2024 on a stronger note than initially estimated, with fourth-quarter GDP growth revised up slightly to a 2.4 percent...
Wells Fargo: Consumer Spending Sees Sharpest Drop in Nearly Four Years Amid Inflation Pressures
Consumer spending in the U.S. took an unexpected downturn in January 2025, marking the sharpest monthly retrenchment in nearly four years, according to...
Wells Fargo: Construction Spending Rises in October as Residential Gains Offset Nonresidential Declines
According to data from the U.S. Department of Commerce and Wells Fargo Economics, construction spending advanced by 0.4 percent in October. This was...
