economy

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

US Household Spending Climbs

US Household Spending Climbs
US Household Spending Climbs
November 01, 2019  |  Economy

Consumers boosted their spending in September by 0.2 percent going into the fourth quarter, matching August’s increase but coming in slightly below economists’ expectations, The...

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EU Consumer Confidence Declines To Lowest Point Since December
EU Consumer Confidence Declines To Lowest Point Since December
October 24, 2019  |  Europe

Data shows that consumer confidence in the European Union has fallen to its lowest level since the end of last year. Get the Full Story...

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Sen. Warren Presses Mnuchin On Recent Issues In Repo Markets
Sen. Warren Presses Mnuchin On Recent Issues In Repo Markets
October 22, 2019  |  Legal & Regulation

Recent short-term, or repo, lending issues have Sen. Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations on the banking...

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Study: FIs Must Be Stronger To Prepare For Economic Slump
Study: FIs Must Be Stronger To Prepare For Economic Slump
October 22, 2019  |  Banking

McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported on Monday (Oct....

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Tariffs, Trade Tensions Impact Auto Shipping
Tariffs, Trade Tensions Impact Auto Shipping
October 21, 2019  |  Economy

The lingering impacts of various trade wars are refashioning supply chains and slowing the flow of goods across borders and across various logistics corridors —...

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Top News In Payments: PayPal To Roll Out Venmo Credit Card; Mastercard Teams With WHSmith For Pay By Bank
Top News In Payments: PayPal To Roll Out Venmo Credit Card; Mastercard Teams With WHSmith...
October 18, 2019  |  News

Today in the payment’s news roundup, PayPal is teaming with Synchrony Financial to put forward a Venmo co-branded credit card next year. Also, Mastercard is...

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Despite China’s Slowing Economy, Credit Demand Still Strong
Despite China’s Slowing Economy, Credit Demand Still Strong
October 18, 2019  |  Cross-border Payments

Chinese online finance giant Ant Financial, headed by billionaire Jack Ma, is seeing an uptick in the desire for credit among small and medium businesses...

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China’s GDP Near 30-Year Low As Trade War Impacts Factory Work
China’s GDP Near 30-Year Low As Trade War Impacts Factory Work
October 18, 2019  |  Cross-border Payments

Economic growth in China is at a near-30-year low in the third quarter as tariffs start to negatively affect factory production, Reuters reported on Thursday...

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