us federal departments and agencies

US consumer spending rose in August as gas prices fell | CNN Business

US consumer spending rose in August as gas prices fell | CNN Business

CNN Business  —  Another month of falling gas prices gave Americans’ wallets a bit of a reprieve in August. That sent consumers back to stores last month. The Census Bureau reported Thursday that a key measure of August US retail sales rose unexpectedly by 0.3% on a monthly basis, following a revised decrease of 0.4% …

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FTC weighs sweeping new rules on 'commercial surveillance' and Big Data | CNN Business

FTC weighs sweeping new rules on ‘commercial surveillance’ and Big Data | CNN Business

Washington CNN Business  —  The Federal Trade Commission is considering whether to write sweeping new regulations that could restrict how businesses collect and use consumer data, hinting at a possible crackdown on commercial algorithms and a sprawling economy powered by the personal information of millions of Americans. On Thursday, the FTC announced it is accepting …

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The market read the Federal Reserve all wrong | CNN Business

The market read the Federal Reserve all wrong | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning slightly dovish. After embarking on an aggressive rate-hike spree this year in …

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US economy contracts again, fueling recession fears | CNN Business

US economy contracts again, fueling recession fears | CNN Business

CNN  —  The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday. Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition …

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Justice Department accuses poultry processors of underpaying workers for decades | CNN Business

Justice Department accuses poultry processors of underpaying workers for decades | CNN Business

New York CNN Business  —  Major US poultry processors engaged in a 20-year-long conspiracy to suppress worker pay, the Department of Justice alleged Monday. The processors — Cargill, Wayne Farms and Sanderson Farms — allegedly worked with a data consulting firm to exchange information about pay, ultimately robbing workers of the opportunity to earn competitive …

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Tesla subpoenaed over Elon Musk's tweets ... again | CNN Business

Tesla subpoenaed over Elon Musk’s tweets … again | CNN Business

New York CNN Business  —  The Securities and Exchange Commission apparently isn’t done with Elon Musk and his tweets quite yet. Tesla (TSLA) disclosed in a quarterly regulatory filing Monday that it received a new subpoena from the SEC on June 13, related to “our governance processes around compliance with the SEC settlement.” That settlement, …

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Why everyone's wearing NASA-branded clothes | CNN Business

Why everyone’s wearing NASA-branded clothes | CNN Business

New York CNN Business  —  On any given day, a thirty minute walk around New York City can yield at least a few NASA logo sightings. They’re on backpacks, t-shirts, sneakers, hats, sweatshirts, phone cases, tote bags and jackets. Once you start noticing them, it’s hard to stop. There have been several trend pieces about …

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Daily Harvest hit with lawsuits from people who say they had their gallbladders removed after consuming its product | CNN Business

Daily Harvest hit with lawsuits from people who say they had their gallbladders removed after consuming its product | CNN Business

CNN  —  Days after meal-kit service Daily Harvest announced the voluntary recall of one of its products, the company has been hit with two lawsuits from individuals who said they had their gallbladders removed after consuming it. Daily Harvest, a direct-to-consumer brand that relied on a network of online influencers to promote its products, announced …

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Formula production at Abbott's Michigan plant delayed after flooding from severe storms | CNN

Formula production at Abbott’s Michigan plant delayed after flooding from severe storms | CNN

CNN  —  Abbott has stopped production of EleCare formula in its Sturgis, Michigan, plant after severe storms led to flooding inside the plant, the company said, probably delaying production of new formula for a few weeks. Production at the plant had restarted less than two weeks ago following a months-long closure that helped drive a …

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