economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Jobless Claims Fall in Face of Ongoing Layoffs
Jobless Claims Fall in Face of Ongoing Layoffs
February 22, 2024  |  Economy

New Department of Labor data shows a drop in initial applications for unemployment in the United States. Unemployment claims fell by 12,000 to 201,000 for...

READ MORE >
Block to Cut 112 Jobs as Cost-Cutting Moves Continue
Block to Cut 112 Jobs as Cost-Cutting Moves Continue
February 22, 2024  |  Personnel

Block plans to cut 112 jobs on March 30 as part of its previously announced cost-cutting measures. The company began job cuts in January and aims...

READ MORE >
Census Data and Earnings Season Continue to Underscore eCommerce’s 4Q Bounce 
Census Data and Earnings Season Continue to Underscore eCommerce’s 4Q Bounce 
February 20, 2024  |  eCommerce

The eCommerce bounce — at least for the fourth quarter — has been considerable. And as measured as a percentage of overall retail sales —...

READ MORE >
U.S. Gives GlobalFoundries $1.5 Billion to Accelerate Domestic Semiconductor Industry
U.S. Gives GlobalFoundries $1.5 Billion to Accelerate Domestic Semiconductor Industry
February 20, 2024  |  Technology

When it comes to technological advances, the small things frequently have the biggest impact. And for the 21st century’s connected economy, there is no bigger,...

READ MORE >
Digital Experience, Trade Credit Mark Home Depot’s B2B Strategy
Digital Experience, Trade Credit Mark Home Depot’s B2B Strategy
February 20, 2024  |  Earnings

The Home Depot, the world’s largest home improvement retailer, is shrinking its 2024 earnings guidance. “After three years of exceptional growth for our business, 2023...

READ MORE >
Nike Layoffs Point to Economic Pressures on Retail Spending
Nike Layoffs Point to Economic Pressures on Retail Spending
February 16, 2024  |  Personnel

Nike is laying off thousands of employees, as consumers’ ongoing financial pressures make it harder for them to justify nonessential purchases, such as adding more...

READ MORE >
Consumers’ Retail Inflation Expectations Are Beginning to Ease
Consumers’ Retail Inflation Expectations Are Beginning to Ease
February 16, 2024  |  Consumer Insights

As consumers look ahead to the rest of the year, many are not as concerned about retail inflation as they once were. By the Numbers...

READ MORE >
Report: Checkout.com UK’s Business Reports Fivefold Increase in Losses
Report: Checkout.com UK’s Business Reports Fivefold Increase in Losses
February 15, 2024  |  Economy

Online payment processing platform Checkout.com has reportedly recorded a $126 million loss in its U.K. business. The company was hit by reduced consumer spending and higher...

READ MORE >
Shares of Smaller AI Firms Rise After Nvidia Discloses Investments
Shares of Smaller AI Firms Rise After Nvidia Discloses Investments
February 15, 2024  |  Artificial Intelligence

Shares of smaller artificial intelligence (AI) firms reportedly experienced a rally Thursday (Feb. 15) after Nvidia, the world’s leading AI chipmaker, disclosed its stake in them...

READ MORE >