economy

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

Consumers’ Mixed Economic Sentiments Hurt by Inflation, Lifted by Labor
Consumers’ Mixed Economic Sentiments Hurt by Inflation, Lifted by Labor
July 30, 2024  |  Consumer Insights

As consumers look at their economic prospects, they are torn between factors pulling them in different directions, feeling relatively confident about the job market but...

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McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
July 29, 2024  |  Earnings

McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip...

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Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
July 27, 2024  |  Retail

As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about...

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Consumer Sentiment Shows Widening Gap Between Low- and High-Income Consumers
Consumer Sentiment Shows Widening Gap Between Low- and High-Income Consumers
July 26, 2024  |  Economy

The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. And in the meantime, as detailed in...

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GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
July 25, 2024  |  Economy

The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace...

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US Business Activity Reaches Highest Level in 27 Months
US Business Activity Reaches Highest Level in 27 Months
July 24, 2024  |  Economy

U.S. business activity rose to its highest level in 27 months in July, S&P Global said Wednesday (July 24). Output has risen continuously for 1½...

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Shop Talk: High-End Consumers Swap Fancy Threads for Fancy Sweets
Shop Talk: High-End Consumers Swap Fancy Threads for Fancy Sweets
July 24, 2024  |  Retail

As consumers cut back on many premium products in the face of ongoing economic challenges, luxury chocolate brand MarieBelle New York is benefitting from shoppers’...

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Earnings Season Shows Companies Still Spending on Corporate Cards
Earnings Season Shows Companies Still Spending on Corporate Cards
July 23, 2024  |  Earnings

As banks weighed in this month with their earnings reports, Wall Street has focused on earnings per share, investment banking revenues and the state of...

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Global Freight Recession Drives UPS Profits Down by Over 30%
Global Freight Recession Drives UPS Profits Down by Over 30%
July 23, 2024  |  Earnings

Softened pricing, heightened labor cost, and a freight demand pullback are battering the shipping sector. And add to that dynamic operating landscape the recent delays...

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