economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Consumers Cool on Spending Even as Inflation Slows
Consumers Cool on Spending Even as Inflation Slows
February 29, 2024  |  Economy

The headlines Thursday (Feb. 29) trumpet the fact that inflation rose in January at the rate most people expected — by 3% month on month....

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Thrasio’s Bankruptcy Spotlights Aggregators’ Decline as Ecosystems Take Shape
Thrasio’s Bankruptcy Spotlights Aggregators’ Decline as Ecosystems Take Shape
February 28, 2024  |  Aggregators

It was a highly successful business model, at least for a while. But the recent filing of Thrasio Holdings for Chapter 11 this week points...

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Worldline Projects Cooling Growth After ‘Consumption Slowdown’
Worldline Projects Cooling Growth After ‘Consumption Slowdown’
February 28, 2024  |  Earnings

French payments firm Worldline is projecting slower growth this year as European consumers reduce spending. “With a strong focus on the execution of the transformation plan in...

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As GDP Growth Decelerates, All Eyes Are on Consumer Spending
As GDP Growth Decelerates, All Eyes Are on Consumer Spending
February 28, 2024  |  Economy

The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some...

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Lowe’s Projects Falling Sales as Consumers Put off Remodeling
Lowe’s Projects Falling Sales as Consumers Put off Remodeling
February 27, 2024  |  Earnings

Consumers are forgoing big-ticket home projects, a fact that is cutting into Lowe’s revenue. The home improvement retailer released earnings Tuesday (Feb. 27) that showed sales for its most...

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Durable Goods Orders Dropped 6.1% in January
Durable Goods Orders Dropped 6.1% in January
February 27, 2024  |  Economy

New orders for manufactured durable goods declined by 6.1% in January. Orders dropped by $18 billion to $276.7 billion during the month, the U.S. Census...

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BoE Official Calls For Closer Look at Non-Bank Lenders
BoE Official Calls For Closer Look at Non-Bank Lenders
February 26, 2024  |  Loans

A Bank of England official is calling for more research into non-bank lenders. This effort would help prevent a “credit crunch” that could result from a pull-back by hedge...

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Move Over, Midas — Brands Seek the Taylor-and-Travis Touch
Move Over, Midas — Brands Seek the Taylor-and-Travis Touch
February 24, 2024  |  Retail

America’s new “it couple” seems to be single-handedly creating an economic boom for every company they shop at, and whether the two are in it...

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This Week in AI: Nvidia, Nvidia and More Nvidia
This Week in AI: Nvidia, Nvidia and More Nvidia
February 23, 2024  |  Artificial Intelligence

Any innovation worth its salt will bring with it a fair share of questions. And one of the biggest questions surrounding artificial intelligence (AI) was whether...

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