National

US consumer spending slows; labor market steadily easing

(Reuters) — U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years, signs of cooling demand that bolstered expectations the Federal Reserve’s interest rate hiking campaign was over. Those hopes were reinforced by oth…
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US lawmakers seek probe of Chinese drone maker Autel Robotics

WASHINGTON (Reuters) — A bipartisan group of 11 U.S. House lawmakers on Thursday asked the Biden administration to investigate and potentially sanction Chinese drone maker Autel Robotics, citing national security concerns. The letter, signed by House China select committee chair Mike Gallagher, a R…
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