economy

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

Burlington: Sales Climb 11% as ‘All Income Groups’ Feel Pressure
Burlington: Sales Climb 11% as ‘All Income Groups’ Feel Pressure
May 30, 2024  |  Earnings

Cost-conscious customers from all income levels are helping drive sales at Burlington Stores. The off-price retailer saw its total sales increase by 11% during the...

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Revised GDP Data Show Consumer Spending May Be Losing Momentum
Revised GDP Data Show Consumer Spending May Be Losing Momentum
May 30, 2024  |  Economy

Economic data frequently comes in stages: There’s the initial estimate, and then a revision. And in the newest reading of how U.S. gross domestic product...

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Federal Reserve Reports ‘Slight or Modest Growth’ in Economic Activity
Federal Reserve Reports ‘Slight or Modest Growth’ in Economic Activity
May 29, 2024  |  Economy

Economic activity in the United States expanded from early April to mid-May, though it varied in different industries and Federal Reserve districts. While 10 of...

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Chewy: Consumers Starting to Adopt Pets Again After Inflation Pullback
Chewy: Consumers Starting to Adopt Pets Again After Inflation Pullback
May 29, 2024  |  Retail

With pets proving to be a financial strain for many consumers, Chewy has been seeing them hold off on adopting new pets until inflation eases...

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Consumer Confidence Climbs Despite Grocery Costs Pressuring Americans
Consumer Confidence Climbs Despite Grocery Costs Pressuring Americans
May 28, 2024  |  Consumer Insights

Consumer confidence crept up in May, as grocery and job worries continue to weigh on Americans. That’s according to the latest installment of the Conference...

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Rating Agencies Expect More Downgrades Among US Corporate Bonds
Rating Agencies Expect More Downgrades Among US Corporate Bonds
May 27, 2024  |  Business

Rating agencies reportedly expect a greater share of the lowest-quality investment-grade bonds to be downgraded than to be upgraded. That’s the first time this has...

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Memorial Day Kicks Off Summer of the US Consumer
Memorial Day Kicks Off Summer of the US Consumer
May 27, 2024  |  Economy

In 1967, it was the Summer of Love. In 2020, it was the summer of COVID-19. When summer 2024 goes in the books — from...

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Business Spending Increases More Than Expected
Business Spending Increases More Than Expected
May 24, 2024  |  Business

New orders for manufactured durable goods increased by 0.7% in April. Orders increased by $1.9 billion to $284.1 billion during the month, the U.S. Census Bureau said in...

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Shoppers Dig Into Their Savings to Afford Essentials, Not Nice-to-Haves
Shoppers Dig Into Their Savings to Afford Essentials, Not Nice-to-Haves
May 24, 2024  |  Retail

Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat...

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