Consumers delivered an unexpected increase in sales despite the delta variant and supply-chain bottlenecks that have hurt auto production.
The social media giant will buy invoices from small businesses owned by women and minorities, sparing them the usual wait to be paid by customers.
“The underlying trend of demand for durable goods remains at very elevated levels and should support sustained production into 2022."
“As demand continues to overpower builders’ ability to keep up with new inventory, we will keep seeing a stressed housing market."
GDP rose at an annual rate of 6.5% in Q2 but shortages of workers and supplies of crucial products could slow growth for the rest of the year.
Despite supply chain issues, "business investment is showing no signs of slowing down or a lack of confidence in continuing strength in consumer demand."
“Inflation is a challenge for businesses right now, but sales growth is very good and consumer demand is very good."
Gina Raimondo says the $52 billion in funding for the U.S. semiconductor industry could result in seven to 10 new factories.
“We’re at the opening stages of what could be a very strong six to nine months for the U.S. economy as it emerges from the pandemic."
"The response of capital spending to the COVID pandemic is encouraging for the outlook for 2021."
February’s gain in the GDP component, which was in line with economists’ expectations, followed a 0.4% advance in January.
The Commerce Department says the companies were building supercomputers used by China for "destabilizing military modernization efforts."
