economy

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

Initial Unemployment Claims Increase by 8,000 as Labor Market Cools
Initial Unemployment Claims Increase by 8,000 as Labor Market Cools
June 06, 2024  |  Economy

The number of initial claims for unemployment insurance increased by 8,000 during the week ended Saturday (June 1), showing that the labor market is returning...

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Five Below: Comparable Sales Slip as Consumers Feel Inflation’s Impact
Five Below: Comparable Sales Slip as Consumers Feel Inflation’s Impact
June 05, 2024  |  Earnings

A pullback in spending by lower-income consumers led to a decline in comparable sales during the first quarter for Five Below. The value retailer’s comparable...

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Lululemon’s Omnichannel Push Drives 35% International Sales Growth
Lululemon’s Omnichannel Push Drives 35% International Sales Growth
June 05, 2024  |  Earnings

The days of Lululemon’s U.S. growth may be over, but it seems that international shoppers are now springing for the North American athleisure look. The...

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Record Investment Income Fuels Continued Consumer Spending
Record Investment Income Fuels Continued Consumer Spending
June 05, 2024  |  Economy

Rising investment income, high household wealth and strong employment rates are keeping Americans spending. It’s a phenomenon chronicled Wednesday (June 5) in a report by...

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Why There Are No Sacred Cows for Today’s CFOs
Why There Are No Sacred Cows for Today’s CFOs
June 04, 2024  |  CFO

The global economy today is increasingly marked by volatility and rapid shifts. Geopolitical tensions, technological advancements and changing consumer preferences demand that businesses remain agile...

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Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
June 04, 2024  |  Economy

The number of job openings in the United States declined by 4.8% in April. There were 8.1 million job openings available on the last business...

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Transport Companies Plot Paths to Initial Public Offerings
Transport Companies Plot Paths to Initial Public Offerings
June 04, 2024  |  IPO

Transportation and logistics firms are reportedly working to overcome a roadblock to initial public offerings (IPOs). These companies are considering IPOs after a stretch of...

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Father’s Day Spending Projected to Slide as Consumers Cut Back
Father’s Day Spending Projected to Slide as Consumers Cut Back
June 03, 2024  |  Retail

As with Mother’s Day last month, consumers have a little less to spend on Dad for Father’s Day this year. Last year saw Americans spend record...

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Consumers Are Fed Up With Tipping and Take to Social Media to Prove It
Consumers Are Fed Up With Tipping and Take to Social Media to Prove It
June 03, 2024  |  Economy

Social media offers a running commentary on consumer sentiment and serves as a barometer of backlash. It may be the case that tiplflation is pushing...

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