Commerce Department

Consumers are after all a segment that cannot be cowed down by see-sawing fortunes of the U.S. presidential race. Armed with the confidence bestowed by a healthy job market, consumers look set to make this holiday season their own. A report released earlier in the day by the Bureau of Economic...

The Fed's task is now cut out. The U.S. economy is chugging along at a fairly decent clip and the job market, the spotlight of the Federal Reserve in its monetary policy deliberations, is kicking into top gear. Can it take its next step toward monetary policy normalization in the current...

Friday was a big day for economic data as the latest numbers showed that the U.S. economy grew faster than expected in the fourth quarter and the U.S. consumer is healthier than previously thought. The fourth-quarter U.S. gross domestic product growth came in at 1.0 percent versus economists'...

Several high-profile hacking attacks on government data and big name companies have caused U.S. officials to look more closely at the growing threat of cybercrime. Countries around the world are quickly developing new tools that could help them break into sensitive data and shut down major...

There has been debate this year, as always, about whether a ‘Santa Claus rally’ would happen.  In fact, the seasonal anomaly in which abnormally positive returns take place in the market during the month of December has happened 80 percent of the time over the past 20 years. This year, some...

On Thursday, the Commerce Department released GDP data which showed that from July to September, the US economy expanded by 3.6 percent. The figure, much higher than the expected 2.8 percent estimate, was likely fueled by increasing stockpiles. The data showed that businesses boosted...

Brent crude oil was poised to end the week on a low after falling to a four month low on Thursday following the first day of talks between the West and Iran. The commodity traded at $103.57 at 6:32 GMT as an oversupplied market and a strong dollar continued to pressure prices. Related: #...

Twitter’s IPO will be in the spotlight today as the company’s share prices climb. The company has raised the upper end of its price range from $20 to $26 over the past week. Twitter will offer 70 billion shares, which makes this the largest US technology IPO since Facebook debuted last year....

The euro steadied at $1.32 on Friday morning after falling 0.8 percent against the dollar on Thursday. The common currency is weighed down by concerns about the eurozone's fragile recovery and speculation about the Federal Reserve's tapering. Reuters reported that strong economic data from the US...

The Commerce Department announced on Friday a 0.5% rise in August personal income, while real consumer spending moved up 0.2%. Inflation remained low at 1.5%. Economists were expecting a 0.3% gain in income and a 0.4% rise in spending. The price index for personal consumption expenditure inched up...

The Commerce Department reported a decline in US economic growth, down from an annual rate of 3.7% in Q1 to 1.7% in Q2. The slowing down of real GDP in Q2 was primarily due to a rise in imports and a decline in private inventory investment. Consumer spending and nonresidential fixed investment...