economy

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

Report: StubHub Delays IPO Amid Unpredictable Market
Report: StubHub Delays IPO Amid Unpredictable Market
July 12, 2024  |  IPO

StubHub has reportedly delayed its initial public offering (IPO) until at least September, joining several other companies that have done so because of an unpredictable...

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Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
July 12, 2024  |  Earnings

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers...

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Target Bolsters in-Store Experiences Through Strategic Collaborations
Target Bolsters in-Store Experiences Through Strategic Collaborations
July 12, 2024  |  Retail

Target is facing increased competition from online retailers with faster delivery and a wider selection of products. Customers are also shopping less frequently in physical...

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Taco Bell Digital Chief Says Subscriptions Inflation-Proof Customer Spend
Taco Bell Digital Chief Says Subscriptions Inflation-Proof Customer Spend
July 12, 2024  |  Subscriptions

As Taco Bell continues its paid subscription push — its “passes” — the quick-service restaurant (QSR) giant is seeing that, by offering a wider range...

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Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
July 12, 2024  |  Earnings

Banks today are caught between an ongoing digital shift and a challenging macro environment. With the release of Wells Fargo’s second quarter 2024 earnings on...

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Report: Digital Job Growth in UK Hits Lowest Level in Decade
Report: Digital Job Growth in UK Hits Lowest Level in Decade
July 11, 2024  |  Economy

Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour...

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Inflation Cools Overall, but Food Is More Expensive
Inflation Cools Overall, but Food Is More Expensive
July 11, 2024  |  Economy

The Consumer Price Index released Thursday (July 11) showed that, at least overall, the pace of inflation cooled in June. But the category-by-category data from...

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Pepsi: ‘Value-Conscious’ Consumers Cut Back on Snacks
Pepsi: ‘Value-Conscious’ Consumers Cut Back on Snacks
July 11, 2024  |  Earnings

PepsiCo’s snack food revenues dipped during its latest quarter as consumers continued to exercise caution. The food and beverage giant released second-quarter earnings results Thursday...

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Luxury Brands and Retailers Rethink Strategy Amid Economic Challenges
Luxury Brands and Retailers Rethink Strategy Amid Economic Challenges
July 10, 2024  |  Retail

With the high cost of maintaining a luxury brand, key players are making major decisions, changing the way they operate to navigate the current challenging...

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