economy

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

Digital Asset Fund Outflows Slow, Signaling ‘Sentiment Is Turning’
Digital Asset Fund Outflows Slow, Signaling ‘Sentiment Is Turning’
July 01, 2024  |  Cryptocurrency

Digital asset funds have seen outflows for three consecutive weeks, although the outflow slowed during the most recent week. After experiencing outflows of $600 million...

READ MORE >
TikTok Joins Merchants’ Summer Discounting Dash for Paycheck-to-Paycheck Shoppers
TikTok Joins Merchants’ Summer Discounting Dash for Paycheck-to-Paycheck Shoppers
July 01, 2024  |  Social Commerce

As retailers and marketplaces look to summer sales to win the spending of budget-strapped consumers, TikTok Shop is joining the mix with its own discounting...

READ MORE >
PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
June 28, 2024  |  Economy

The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those...

READ MORE >
Insured Unemployment Number Reaches Highest Level Since 2021
Insured Unemployment Number Reaches Highest Level Since 2021
June 27, 2024  |  Economy

The number of people receiving unemployment benefits reached its highest level in over two years. The insured unemployment number for the week ended June 15...

READ MORE >
Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
June 27, 2024  |  Economy

The third estimate of how gross domestic product (GDP) fared in the first quarter showed — at least in the headline number — there was...

READ MORE >
Amazon Market Valuation Tops $2 Trillion for First Time
Amazon Market Valuation Tops $2 Trillion for First Time
June 26, 2024  |  Amazon

Amazon’s market valuation topped $2 trillion for the first time Wednesday (June 26), driven in part by investor interest in artificial intelligence (AI). The company...

READ MORE >
Consumers Are Tired of Merchant Surcharges and Tipflation
Consumers Are Tired of Merchant Surcharges and Tipflation
June 26, 2024  |  Economy

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and...

READ MORE >
Consumer Confidence Slips Amid Concerns About Future Income, Business Conditions
Consumer Confidence Slips Amid Concerns About Future Income, Business Conditions
June 25, 2024  |  Economy

Consumer confidence slipped slightly in June but didn’t stray far from where it’s been for two years. The Conference Board Consumer Confidence Index dipped to...

READ MORE >
Walmart Doubles Down on Deal Days as Consumers Seek Sales Events
Walmart Doubles Down on Deal Days as Consumers Seek Sales Events
June 24, 2024  |  Walmart

Walmart is following up its just-finished summer savings event with another one weeks later, as the retailer looks to compete with Amazon’s Prime Day to...

READ MORE >