economy

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

Revolving Debt and Credit Card Spending Muted in January
Revolving Debt and Credit Card Spending Muted in January
March 07, 2025  |  Consumer Finance

After a holiday spending frenzy, consumers have returned to a more normalized rate of spending, as measured in incremental borrowing on credit cards and other...

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Amazon Gains in Home Furnishings as Walmart’s Market Share Declines, Data Shows
Amazon Gains in Home Furnishings as Walmart’s Market Share Declines, Data Shows
March 07, 2025  |  Retail

The home furnishings market is witnessing a shift, with Amazon gaining ground while Walmart struggles to maintain its share. The PYMNTS Intelligence report “Walmart or...

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Macy’s Focuses on Customer Experience and Long-Term Growth
Macy’s Focuses on Customer Experience and Long-Term Growth
March 06, 2025  |  Earnings

In a retail world where growth is harder to come by, Macy’s is prioritizing stability over expansion, adjusting to the realities of a more competitive...

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Late Car Payments Hit Highest Rate in More Than 30 Years
Late Car Payments Hit Highest Rate in More Than 30 Years
March 06, 2025  |  Loans

American consumers are missing monthly car payments at the highest rate since 1994. The share of subprime auto borrowers who were at least 60 days...

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Government, Retail and Technology Sectors Cut the Most Jobs in February
Government, Retail and Technology Sectors Cut the Most Jobs in February
March 06, 2025  |  Economy

Job cuts in the government, retail and technology sectors led to February having the highest monthly total of job cuts since July 2020, Challenger, Gray...

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Fed Beige Book Data Highlights Pressure on Consumer Spending
Fed Beige Book Data Highlights Pressure on Consumer Spending
March 05, 2025  |  Economy

The word “uncertainty” appears in the Federal Reserve’s latest Beige Book 34 times. The report, which comes out eight times a year and offers qualitative...

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Canada Won’t Lift Tariffs Until Trump Does the Same
Canada Won’t Lift Tariffs Until Trump Does the Same
March 05, 2025  |  Economy

Canada reportedly won’t lift its retaliatory tariffs on the U.S. if the U.S. leaves its levies in place. That’s according to a senior government official,...

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ADP: Job Growth Slows Amid Concerns About Uncertain Economic Outlook
ADP: Job Growth Slows Amid Concerns About Uncertain Economic Outlook
March 05, 2025  |  Economy

Private sector job growth slowed in February amid employers’ concerns about an uncertain economic outlook, ADP said Wednesday (March 5). The private sector added 77,000...

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Report: Mexico Delays Response to US Tariffs, Hopes to Avert Trade War
Report: Mexico Delays Response to US Tariffs, Hopes to Avert Trade War
March 04, 2025  |  Politics

Mexico’s president, Claudia Sheinbaum, reportedly hopes to deescalate a trade war by delaying a response to U.S. tariffs until she talks with President Donald Trump...

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