economy

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

Retail Sales Beat Forecasts, Spiking Highest Level Since June

Retail Sales Beat Forecasts, Spiking Highest Level Since June
Retail Sales Beat Forecasts, Spiking Highest Level Since June
October 16, 2020  |  Economy

Monthly retail sales hit $549.3 billion, up 1.9 percent in September, the biggest spike in three months, and the fifth month of increases, according to...

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Retail Sales, Card Data Point To Continued Consumer Spending Rebound
Retail Sales, Card Data Point To Continued Consumer Spending Rebound
October 16, 2020  |  Economy

The latest retail sales numbers indicate U.S. consumer spending is up, with increases in categories across the board.  Get the Full Story Complete the form...

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Study Shows Americans Struggling As Savings Dry Up
Study Shows Americans Struggling As Savings Dry Up
October 16, 2020  |  Economy

Seven months into the worldwide pandemic, Americans are facing empty savings accounts, reduced unemployment benefits and no relief in sight, according to an Oct. 16...

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European Central Bank Chief Lagarde Pledges Boost For EU Economy If COVID-19 Escalates
European Central Bank Chief Lagarde Pledges Boost For EU Economy If COVID-19 Escalates
October 15, 2020  |  Economy

As Europe braces for a dreaded second wave of COVID-19, European Central Bank President Christine Lagarde is pledging to ride to the rescue with a...

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US Jobless Claims Rise By 53,000 To Hit 898,000
US Jobless Claims Rise By 53,000 To Hit 898,000
October 15, 2020  |  Economy

Jobless claims in the week ending Oct. 10 increased to 898,000, up 53,000 from the previous week’s number, which was revised to 845,000 from the...

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Reshoring Of US Manufacturing Presents Its ‘Biggest Opportunity in 70 Years’
Reshoring Of US Manufacturing Presents Its ‘Biggest Opportunity in 70 Years’
October 15, 2020  |  B2B Payments

As U.S. businesses enabled by an array of digital capabilities look to overseas markets for new customers post-pandemic, a curious reversal of sorts is happening...

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IMF: Further Fiscal Stimulus Would Help US Economy
IMF: Further Fiscal Stimulus Would Help US Economy
October 14, 2020  |  Economy

The International Monetary Fund (IMF) said the U.S. could help its economy by providing further stimulus payments, according to a transcript of a recent press...

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WeWork Cuts Rents To Keep Clients
WeWork Cuts Rents To Keep Clients
October 14, 2020  |  Economy

In an effort to hang on to customers during tough times, WeWork is cutting its rents as people continue to largely work from home, according...

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