Scott Lanman

Government, Business, Logistics

Republicans Seek Broader Curbs on Exports of Chip Tools to China

A wafer is processed in a semiconductor manufacturing facility in Malta, N.Y. (Adam Glanzman/Bloomberg News) A wafer is processed in a semiconductor manufacturing facility in Malta, N.Y. (Adam Glanzman/Bloomberg News)

Two Republican lawmakers called for broader American restrictions on the sale of chip-making tools after the U.S. government placed several Chinese supercomputing firms on an export blacklist, saying even tougher rules are needed to prevent the People’s Liberation Army from using sensitive technologies.

Scott Lanman | Bloomberg News
April 15, 2021
Business, Logistics

Americans Hit Fresh Online-Buying Milestone in 2019

Amazon boxes David Paul Morris/Bloomberg News

Online shopping in the U.S. hit a new milestone in 2019, with a key metric surpassing every major category of brick-and-mortar stores except for big-ticket autos.

Scott Lanman | Bloomberg News
January 16, 2020
Government, Business

IHS Markit Services Employment Gauge Dips Into Contraction

IHS Dhiraj Singh/Bloomberg News

A gauge of employment in U.S. service industries pointed to job losses for the first time in almost a decade, adding to signs of a cooling labor market.

Scott Lanman | Bloomberg News
September 23, 2019
Business

Companies Add Most Jobs in Four Months

Job search Gabby Jones/Bloomberg News

U.S. companies added the most jobs in four months in August while jobless claims stayed low last week, reports showed Sept. 5, suggesting the labor market remains healthy despite a slowdown in manufacturing and global weakness.

Scott Lanman | Bloomberg News
September 5, 2019
Government, Business

Trump Tweets Consumer Confidence Is at Record High, But It’s Not

Vinoth Chandar/Flickr

President Donald J. Trump tweeted Dec. 12 that consumer confidence “is at an All-Time High.” In fact, it was higher when a Clinton was in the White House.

Scott Lanman | Bloomberg News
December 12, 2017
Government, Business

Pickup in Confidence Shows Americans Upbeat on Jobs, Economy

Consumer shopping at Target Justin Sullivan/Getty Images

A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.

Scott Lanman | Bloomberg News
July 25, 2017
Business

Under Hood of US Construction Spending Is Government Pullback

Luke Sharrett/Bloomberg News

Here’s one key takeaway from the Commerce Department’s report March 1 on U.S. construction spending in January. Outlays dropped 1% from the previous month (forecast was for 0.6% rise), the biggest drop since April, which will drag on first-quarter gross domestic product.

Scott Lanman | Bloomberg News
March 1, 2017
Government

Smaller US Trade Deficit Adds to Chances of Bigger GDP Rebound

Rich Clement/Bloomberg News

Tracking estimates of third-quarter U.S. growth are rising because of a shrinking merchandise trade deficit, though a drop in September imports shows a step back in underlying demand in the economy.

Scott Lanman | Bloomberg News
October 26, 2016