CNBC/NRF Retail Monitor shows retail sales grew again in August as inflation eased
The Retail Monitor calculation of core retail sales (excluding restaurants in addition to automobiles and gasoline) was up 0.17% month over month in August and…
Secretary Raimondo Statement on new actions to address surge in De Minimis Shipments
U.S. Secretary of Commerce Gina M. Raimondo released the following statement after the Biden-Harris Administration announced actions to address the significantly increased use of the…
Oil extends recovery to cap volatile week
Oil prices rose 1% on Friday, extending their rally and putting crude on course for a weekly gain on the back of output disruption in…
Biden is urged to reconsider $14 billion US steel takeover
Nippon Steel Corp. is mounting a last-ditch push to muster support for its $14.1 billion takeover of United States Steel Corp., a deal opposed by…
US House passes bill targeting China that would limit EV tax credits
The U.S. House of Representatives narrowly voted Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S. electric vehicle tax…
EU says it has rejected minimum price offers from Chinese EV exporters
The European Commission said on Thursday it had received offers from electric vehicle makers in China for minimum import prices into the European Union, but…
India probe finds Amazon, Walmart’s Flipkart breached antitrust laws
An Indian antitrust investigation has found U.S. e-commerce giant Amazon and Walmart's Flipkart violated local competition laws by giving preference to select sellers on their…
GM in talks to buy EV batteries built with Chinese tech in US, source says
General Motors is in talks to buy electric vehicle batteries that would use technology from China's CATL and be assembled at a new plant in…
UPS says services may be impacted in southern US, Louisiana by Hurricane Francine
United Parcel Service said on Wednesday its pickup and delivery services in the southern part of the U.S., especially Louisiana, may be impacted due to…
Indigenous group takes fight against Rio Tinto Arizona copper mine to US Supreme Court
A Native American group on Wednesday asked the U.S. Supreme Court to block Rio Tinto and BHP from gaining access to Arizona land needed to…
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