Generous subsidies are helping the United States steal green industries from Europe, as countries race to secure the energy supplies of the future.
Category: United States Economy
For First Time in Two Decades, U.S. Buys More From Mexico Than China
The United States bought more goods from Mexico than China in 2023 for the first time in 20 years, evidence of how much global trade patterns have shifted.
Job Market Starts 2024 With a Bang
U.S. employers added 353,000 jobs in January, far exceeding forecasts, and revised figures showed last year was even stronger than previously reported.
Economists Predicted a Recession. So Far They’ve Been Wrong.
A widely predicted recession never showed up. Now, economists are assessing what the unexpected resilience tells us about the future.
U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
Americans’ Economic Confidence Is Returning. Will Biden Benefit?
The White House is embracing a nascent uptick in economic sentiment. It is likely good news — but how it will map to votes is complicated.
The U.S. Seems to Be Dodging a Recession. What Could Go Wrong?
Economists have become increasingly optimistic about the odds of a soft landing. But as 2024 begins to unfold, risks remain.
Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes
The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.
New U.S. Solar and Electric Car Factories Face Familiar Challenge: China
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries
The Biden administration said its second grant under a new program would help Microchip Technology expand its facilities in Oregon and Colorado.