economy

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

Retail And Food Service Sales Plummet 16 Pct. For April

Retail And Food Service Sales Plummet 16 Pct. For April
Retail And Food Service Sales Plummet 16 Pct. For April
May 15, 2020  |  Retail

Retail sales plummeted by a record 16.4 percent in April, according to the latest U.S. Census Bureau data, as many businesses are running on limited capacity...

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Why The Future Of Amusement Parks May Be A Bit Of A Roller-Coaster Ride
Why The Future Of Amusement Parks May Be A Bit Of A Roller-Coaster Ride
May 15, 2020  |  Economy

While the entire travel industry has suffered as a result of the global pandemic, amusement parks in particular have felt the sting sharply as social...

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OpenTable Says 25 Pct Of US Restaurants Won’t Survive
OpenTable Says 25 Pct Of US Restaurants Won’t Survive
May 14, 2020  |  Economy

A dire prediction from OpenTable forecasts a quarter of American restaurants will close permanently due to the financial turmoil from the coronavirus pandemic, according to...

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Does Less Traffic At China’s Mall Eateries Mean There’s Less Appetite For Retail?
Does Less Traffic At China’s Mall Eateries Mean There’s Less Appetite For Retail?
May 14, 2020  |  Cross-border Payments

To get a sense of how China is re-opening, and where there are bumps in the road, look to the malls. Get the Full Story...

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Pandemic Might Launch Flight To Suburbs, And That’s Bad For Urban Businesses
Pandemic Might Launch Flight To Suburbs, And That’s Bad For Urban Businesses
May 14, 2020  |  Retail

The COVID-19 pandemic is prompting many Americans to consider moving from urban areas to the suburbs or rural locales – a potentially bad sign for...

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Starbucks To Landlords: Give Us A Break On Rent
Starbucks To Landlords: Give Us A Break On Rent
May 14, 2020  |  Economy

Estimating a loss of $915 million in the second quarter, Starbucks is asking landlords of all of its stores to pardon it for at least...

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Job Losses Mount As New Unemployment Claims Hit Nearly 3M
Job Losses Mount As New Unemployment Claims Hit Nearly 3M
May 14, 2020  |  Economy

People are continuing to file for unemployment benefits as job losses continue to mount amid the coronavirus pandemic, which is upending the economy and everyday...

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Goldman: US Unemployment Rate Could Hit 25 Pct
Goldman: US Unemployment Rate Could Hit 25 Pct
May 14, 2020  |  Economy

Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due...

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