economy

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

COVID-Closed Factories, Canceled Orders Hit Asia’s Clothing Industry

COVID-Closed Factories, Canceled Orders Hit Asia’s Clothing Industry
COVID-Closed Factories, Canceled Orders Hit Asia’s Clothing Industry
July 19, 2021  |  Retail

Garment workers in Bangladesh have taken a heavy hit because of the pandemic’s economic disruptions, losing almost $12 billion in wages, a report from CleanClothes.org...

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Lackluster IPO Performance This Quarter Could Impact Upcoming Listings
Lackluster IPO Performance This Quarter Could Impact Upcoming Listings
July 18, 2021  |  IPO

The tepid market reception of some recent initial public offerings bodes poorly for other IPOs scheduled to hit in the near future, Bloomberg News reports....

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Terry Lundgren Says Apparel Market Can Take Some Slight Price Raises
Terry Lundgren Says Apparel Market Can Take Some Slight Price Raises
July 18, 2021  |  Retail

According to ex-Macy’s executive Terry Lundgren, the apparel market probably won’t see any issues from rising inflation, CNBC reports. Get the Full Story Complete the...

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Feds Bust Maryland Unemployment Fraud Ring Amid Scrutiny Of Illicit Payments
Feds Bust Maryland Unemployment Fraud Ring Amid Scrutiny Of Illicit Payments
July 16, 2021  |  Cybersecurity

It’s been a banner year for fraudsters attacking the suddenly bloated unemployment program, as a top federal government watchdog estimates that as much as $26...

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Department Stores, Electronics Lead 0.6 Pct Rebound In June Retail Sales
Department Stores, Electronics Lead 0.6 Pct Rebound In June Retail Sales
July 16, 2021  |  Retail

U.S. consumers spent more in department stores and less on furniture and cars in June, the Commerce Department reported Friday (July 16), as the barometer that...

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The Child Tax Credit Is Rolling Out: How It Will Be Spent, What’s Next
The Child Tax Credit Is Rolling Out: How It Will Be Spent, What’s Next
July 15, 2021  |  Economy

Retailers and restaurants may be in for another consumer spending windfall as 39 million American families will find their bank accounts flush with a couple of hundred...

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China’s Economy Shows Mixed Second-Quarter Momentum
China’s Economy Shows Mixed Second-Quarter Momentum
July 15, 2021  |  Cross-border Payments

Amid rising commodity prices and supply chain disruptions, the economy in China saw a slowdown from April through June from its accelerated pace between January...

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Jobless Claims Hit New Post-Pandemic Low
Jobless Claims Hit New Post-Pandemic Low
July 15, 2021  |  Economy

New jobless claims in the week ending July 10 dropped to 360,000, down 26,000 from the previous week’s revised level, according to the July 15 report from...

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