economy

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

Visa Index Shows Hot July Discretionary Consumer Spending

Visa Index Shows Hot July Discretionary Consumer Spending
Visa Index Shows Hot July Discretionary Consumer Spending
August 11, 2021  |  Economy

People are still spending money on non-essentials, with Visa’s U.S. Spending Momentum Index (SMI) up 0.8 points over June to reach 112.5. When the SMI...

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US Senate OKs $1T Infrastructure Bill, Includes Funds For EV Charging Network
US Senate OKs $1T Infrastructure Bill, Includes Funds For EV Charging Network
August 10, 2021  |  Legal & Regulation

The $1 trillion Senate-approved, bipartisan infrastructure bill will help to improve the nation’s internet services, roads, bridges, pipes and ports, a Washington Post report says....

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43 Million US Millennials Report Living Paycheck to Paycheck
43 Million US Millennials Report Living Paycheck to Paycheck
August 10, 2021  |  Consumer Finance

Unlike in the classic tune, summertime doesn’t necessarily mean that the living is easy. Just ask the millions of Americans living paycheck to paycheck. Case...

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NFIB: Labor Shortage Hurts SMBs’ Optimism
NFIB: Labor Shortage Hurts SMBs’ Optimism
August 10, 2021  |  SMBs

American small businesses are feeling less optimistic in the face of ongoing labor shortage and supply chain hiccups, according to a new report from the...

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Delta Variant Triggers Slowdown On Great Reopening
Delta Variant Triggers Slowdown On Great Reopening
August 09, 2021  |  Economy

There was a bit of quiet before the Delta variant stormed, a few months when people ditched masks, filled stadiums and mingled with friends for...

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Jobs Up, Unemployment Down With Hospitality Leading The Way
Jobs Up, Unemployment Down With Hospitality Leading The Way
August 06, 2021  |  Economy

Of the 943,000 jobs added in July, more than 40 percent were in the leisure and hospitality sector, with 380,000 new positions, according to the...

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Kenya COVID-19 Vax Program, Services Could Spur Economic Surge
Kenya COVID-19 Vax Program, Services Could Spur Economic Surge
August 05, 2021  |  Cross-border Payments

Amid an increased focus on COVID-19 vaccination and a recovering services industry, Kenya anticipates that its economy will bounce back strong in 2021, up 6.6...

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New PYMNTS Data Show Half Of Consumers Can Now Cover Unexpected $400 Medical Bill Without Tapping Credit
New PYMNTS Data Show Half Of Consumers Can Now Cover Unexpected $400 Medical Bill Without...
August 05, 2021  |  Consumer Finance

Good news for recovery watchers: the average consumer is exiting the pandemic period demonstrably more financially stable than when it started a little over a...

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