economy

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

August US Consumer Confidence Lowest in 6 Months

August US Consumer Confidence Lowest in 6 Months
August US Consumer Confidence Lowest in 6 Months
August 31, 2021  |  Economy

Confidence among U.S. consumers dropped in August to its lowest level since February as the COVID-19 delta variant continued its spread and higher inflation rates...

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Federal Pandemic Jobless Benefits Ending Despite Rising COVID-19 Cases
Federal Pandemic Jobless Benefits Ending Despite Rising COVID-19 Cases
August 31, 2021  |  Economy

Millions of unemployed workers will be kicked off federal pandemic unemployment assistance (PUA) on Saturday (Sept. 4), even though the return to work is backsliding...

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Video Conference Service Zoom Expects Slowdown as Companies Return to Offices
Video Conference Service Zoom Expects Slowdown as Companies Return to Offices
August 30, 2021  |  Earnings

Zoom has posted its first billion-dollar quarter, but forecasts have usage of the video communication platform decreasing in the coming months, Reuters reported. Get the...

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WeChat, Chinese Social Media to Pare Content That ‘Bad Mouths’ Chinese Economy
WeChat, Chinese Social Media to Pare Content That ‘Bad Mouths’ Chinese Economy
August 29, 2021  |  Cross-border Payments

The Chinese government is cracking down on financial journalists and commentators who aren’t officially registered with the government, the Global Times, an English-language newspaper controlled...

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Consumers Spend More On Services Than Goods In Sluggish July
Consumers Spend More On Services Than Goods In Sluggish July
August 27, 2021  |  Economy

Consumer spending — the driving force in the U.S. economy — was up in July, but at 0.3 percent, just a fraction of last month’s...

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New Jobless Claims Inch Up As Delta Soars And Labor Shortage Continues
New Jobless Claims Inch Up As Delta Soars And Labor Shortage Continues
August 26, 2021  |  Economy

New jobless claims are up 4,000 for the week that ended Aug. 21 for a total of 353,000, according to the weekly report from the...

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Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
August 25, 2021  |  Economy

The U.S. gross domestic product (GDP), a broad measure of economic activity, grew at an annualized rate of 5.7 percent during the third calendar quarter...

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Supply Chain Woes Crippling US Food Sector
Supply Chain Woes Crippling US Food Sector
August 25, 2021  |  Economy

The global supply chain slowdown is affecting some of the largest food distributors in the U.S., which are having trouble fulfilling orders because of a...

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