economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Trending: Most Consumers Think Twice Before Spending, Then Trade Down
Trending: Most Consumers Think Twice Before Spending, Then Trade Down
September 02, 2024  |  Economy

Sept. 17 is looming as a critical date on the economic calendar. It’s the date the Federal Reserve meets to consider — and most analysts...

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Inflation Cools, but Paycheck-to-Paycheck Consumers Still Feel the Heat
Inflation Cools, but Paycheck-to-Paycheck Consumers Still Feel the Heat
September 02, 2024  |  Economy

The reality is that inflation is cooling. But perception, as they say, is reality. As captured in a PYMNTS Intelligence report in August, the reality...

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Goldman Sachs Begins Layoffs as Part of Annual Review Process
Goldman Sachs Begins Layoffs as Part of Annual Review Process
August 30, 2024  |  Personnel

Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part...

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Consumer Spending and Private Inventory Investment Lift GDP 3%
Consumer Spending and Private Inventory Investment Lift GDP 3%
August 29, 2024  |  Economy

Consumer spending and private inventory investment are driving an increase in real gross domestic product (GDP), the Bureau of Economic Analysis (BEA) said Thursday (Aug....

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Unemployment Data Suggests Gradual Cooling of Labor Market
Unemployment Data Suggests Gradual Cooling of Labor Market
August 29, 2024  |  Economy

The latest unemployment data reportedly points to a continued gradual cooling of the labor market. During the week ended Saturday (Aug. 24), the number of...

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Affirm CEO Says Interest Rate Cut Could Drive BNPL Usage
Affirm CEO Says Interest Rate Cut Could Drive BNPL Usage
August 28, 2024  |  BNPL

As consumers navigate a challenging economic environment, they are increasingly adopting buy now, pay later (BNPL) options to manage their spending. Affirm, a leading BNPL...

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BLS Implementing Backups to Ensure Data Released on Time
BLS Implementing Backups to Ensure Data Released on Time
August 28, 2024  |  Economy

The Bureau of Labor Statistics (BLS) is changing how it announces data after an incident in which a data release was delayed but the information was...

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Mixed Signals: Consumer Confidence Rises Slightly as Economic Uncertainties Linger
Mixed Signals: Consumer Confidence Rises Slightly as Economic Uncertainties Linger
August 27, 2024  |  Consumer Insights

Is the American consumer cautiously confident? Confidently cautious? Somewhere in the middle? The Conference Board released its Consumer Confidence Index Tuesday (Aug. 27), which showed...

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IPO Hopefuls Eye 2025 as Present Outlook Remains Bleak
IPO Hopefuls Eye 2025 as Present Outlook Remains Bleak
August 27, 2024  |  IPO

There’s a chorus growing among companies that want to go public: Wait until next year. The 2024 initial public offering (IPO) market rebound that bankers...

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