economy

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

Macy’s: Even Luxury Shoppers Are Making ‘Thoughtful’ Choices About Spending
Macy’s: Even Luxury Shoppers Are Making ‘Thoughtful’ Choices About Spending
May 21, 2024  |  Earnings

Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy’s, with even high-income customers showing increased selectivity in their purchases...

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Lowe’s Targets Smaller Pros for Bigger B2B Growth
Lowe’s Targets Smaller Pros for Bigger B2B Growth
May 21, 2024  |  Earnings

The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer...

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Consumers Across Financial Lifestyles Want Malls That Fit Their Needs
Consumers Across Financial Lifestyles Want Malls That Fit Their Needs
May 21, 2024  |  Retail

While malls may not often be associated with living the high life, luxury and aspirational shoppers want to get all their retail needs met in...

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Card Delinquencies Keep Falling as Lending Creeps Up
Card Delinquencies Keep Falling as Lending Creeps Up
May 21, 2024  |  Credit Cards

Credit card delinquencies reportedly fell in April amid signs of improved lending activity. That’s according to a report Monday (May 20) from Seeking Alpha, citing...

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Target Cuts Prices on Essentials Like Milk as Consumer Caution Continues
Target Cuts Prices on Essentials Like Milk as Consumer Caution Continues
May 20, 2024  |  Retail

Target is reducing prices on essentials like milk and produce amid continued consumer caution. The retailer plans to lower prices on roughly 5,000 “frequently shopped items,”...

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Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
May 17, 2024  |  Retail

Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Speaking on CNBC’s Fast Money,...

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Walmart CFO: Shoppers Replacing Fast Food With Groceries
Walmart CFO: Shoppers Replacing Fast Food With Groceries
May 16, 2024  |  Walmart

Walmart’s grocery business is reportedly benefiting from the high price of fast food. The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s...

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Labor Dept Reports Initial Jobless Claims Drop by 10K
Labor Dept Reports Initial Jobless Claims Drop by 10K
May 16, 2024  |  Economy

The number of initial claims for unemployment insurance dropped by 10,000 during the week ended Saturday (May 11), reversing about half of the increase that...

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Walmart’s Q1 Earnings Show Caution on Consumer Spending
Walmart’s Q1 Earnings Show Caution on Consumer Spending
May 16, 2024  |  Earnings

Walmart reported better than expected Q1 earnings Thursday (May 16) but that’s not the most important story. The earnings announcement and subsequent analyst call showed...

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