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 Preview: Will July’s Consumer Spending Momentum Continue?
Retail Sales Preview: Will July’s Consumer Spending Momentum Continue?
September 16, 2024  |  Consumer Insights

On Tuesday (Sept. 17), we’ll find out if the July surge in consumer spending — as measured via unadjusted retail sales — has amounted to...

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Target’s 100K-Worker Holiday Hiring Plans Stick to 2023 Levels
Target’s 100K-Worker Holiday Hiring Plans Stick to 2023 Levels
September 16, 2024  |  Retail

Target says it aims to hire roughly 100,000 workers for the holiday shopping season. The retailer’s plans, announced Monday (Sept. 16), are in line with last year’s hiring levels,...

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DIY Diamonds: Luxury Gemstones Are Becoming More Accessible
DIY Diamonds: Luxury Gemstones Are Becoming More Accessible
September 14, 2024  |  Retail

Give someone a diamond, they have a diamond; give someone a machine that makes diamonds, they have diamonds for a lifetime. There is an old...

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U Mich Survey Shows 40% Consumer Sentiment Uptick Since June 2022
U Mich Survey Shows 40% Consumer Sentiment Uptick Since June 2022
September 13, 2024  |  Economy

There was a slight improvement in consumer sentiment this month, as inflation’s heady pace ticked lower. But while the University of Michigan’s preliminary reading for...

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Car Payments Squeeze Consumers as Debt Mounts
Car Payments Squeeze Consumers as Debt Mounts
September 13, 2024  |  Debt

The money consumers saved during the pandemic has been spent. Savings are pressured, and credit card debt is mounting. When it comes to keeping current...

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Consumer Delinquency Rates Decline as Inflation Slows
Consumer Delinquency Rates Decline as Inflation Slows
September 13, 2024  |  Loans

More consumers are making their loan payments on time, aided by slower inflation and other trends. Late payments on loans have leveled off after increasing...

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Mytheresa Leans into Digital Experiences and Global Events
Mytheresa Leans into Digital Experiences and Global Events
September 12, 2024  |  Earnings

For Mytheresa CEO Michael Kliger, there was no doubt about his company’s performance during the fourth quarter and fiscal year. “We clearly see ourselves as a...

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Taking Control of Costs: New Tech Makes Business Spend Management Easier
Taking Control of Costs: New Tech Makes Business Spend Management Easier
September 12, 2024  |  B2B Payments

For corporates, the goal, especially in the current inflationary environment, is to squeeze margins higher. There are two levers to pull, ideally working simultaneously: increasing...

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Bump in Jobless Claims Underscores Consumer Caution Around Spending
Bump in Jobless Claims Underscores Consumer Caution Around Spending
September 12, 2024  |  Economy

Although jobless claims newly reported for the past week were only slightly higher, the psychological effect may be one where consumers are more cautious about...

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