economy

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

US Supply Chain Risks Escalate With Potential 45,000-Strong Dockworker Strike
US Supply Chain Risks Escalate With Potential 45,000-Strong Dockworker Strike
September 23, 2024  |  Supply Chain

Operations at around three dozen U.S. ports are in limbo as a union strike looms. The disruption, spanning the East Coast down to the Gulf,...

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Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts
Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts
September 23, 2024  |  Economy

The initial euphoria that greeted the Federal Reserve’s decision this past week to cut interest rates for the first time in four years was keenly...

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Hark! Anthropologie Heralds Christmas in September
Hark! Anthropologie Heralds Christmas in September
September 21, 2024  |  Retail

If you felt odd about the Christmas retail push starting as soon as Thanksgiving was over, you might want to avoid New York City’s Upper...

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JPMorgan Chase CEO Jamie Dimon Says Inflation Likely to Persist
JPMorgan Chase CEO Jamie Dimon Says Inflation Likely to Persist
September 20, 2024  |  Economy

JPMorgan Chase CEO Jamie Dimon reportedly said Friday (Sept. 20) that he is skeptical that the U.S. economy will see a soft landing. “I am a...

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Dogs vs. Cats: Dogecoin, Shiba Inu Memecoins Have Competition at Crypto Food Bowl
Dogs vs. Cats: Dogecoin, Shiba Inu Memecoins Have Competition at Crypto Food Bowl
September 20, 2024  |  Cryptocurrency

In the world of cryptocurrency, the latest lineup of memecoins — POPCAT, MEW, MOG and CAT — has taken the stage with all the grace...

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Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
September 18, 2024  |  Banking

Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank...

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Businesses May See Cost of Capital Relief as Fed Slashes Rates
Businesses May See Cost of Capital Relief as Fed Slashes Rates
September 18, 2024  |  Economy

The Federal Reserve cut interest rates by 0.5% Wednesday (Sept. 18), the first cut in four years. While stocks gyrated Wednesday and were down slightly...

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Online Sales Bump August Retail Spending Higher
Online Sales Bump August Retail Spending Higher
September 17, 2024  |  Economy

Consumers are still spending, but the pace — at least as detailed in the latest retail sales report from the Census Bureau for August —...

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Amazon Promotes Early Holiday Shopping as ‘Prime Big Deal Days’ Return
Amazon Promotes Early Holiday Shopping as ‘Prime Big Deal Days’ Return
September 17, 2024  |  Amazon

Amazon is resuming “Prime Big Deal Days” next month before the holiday shopping season. The eCommerce giant’s semi-annual sales event returns Oct. 8 and 9,...

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