WASHINGTON, April 20 (Reuters) – U.S. retail sales rose more than expected in March as the war with Iran boosted gasoline prices and revenue at gas stations, while tax refunds supported spending elsewhere. Retail sales rose 1.7% last month after an upwardly revised 0.7% gain in February, the Commerce Department’s Census Bureau said Tuesday. Economists…
By Jarrett Renshaw, Ernest Scheyder and Gram Slattery WASHINGTON, March 20 (Reuters) – A top House Democrat on Thursday accused U.S. Commerce Secretary Howard Lutnick of structuring Washington’s $1.58 billion investment in USA Rare Earth in a way that gives the government “very concerning” leverage over the company, while boosting Lutnick’s family investment firm. In…
(Reuters) -The United States has approved exports of Nvidia chips worth several billion dollars to the United Arab Emirates, Bloomberg News reported on Wednesday. The Commerce Department’s Bureau of Industry and Security recently issued Nvidia export licenses under the terms of a bilateral artificial intelligence agreement signed in May, according to the report, citing people…
