economy

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

Best Buy: Tariffs Could Cut Comparable Sales by 1 Point
Best Buy: Tariffs Could Cut Comparable Sales by 1 Point
March 04, 2025  |  Earnings

Best Buy said Tuesday (March 4) that the U.S. tariffs on China that went into effect Feb. 4 could have a negative impact of about...

READ MORE >
Private-Label Brands Gain in Popularity as Consumers Prioritize Value
Private-Label Brands Gain in Popularity as Consumers Prioritize Value
March 03, 2025  |  Retail

In 2024, the grocery industry saw a dramatic shift as private-label brands — store brands not affiliated with national manufacturers — experienced explosive growth, surpassing...

READ MORE >
Savings Up as Consumers Pare Spending in January and Gird for Inflation
Savings Up as Consumers Pare Spending in January and Gird for Inflation
February 28, 2025  |  Consumer Insights

Data from the Bureau of Economic Analysis released Friday (Feb. 28) offers sobering food for thought for merchants, even as the financial standing of consumers...

READ MORE >
Jobless Claims Rise Amid Corporate Layoffs
Jobless Claims Rise Amid Corporate Layoffs
February 27, 2025  |  Economy

Jobless claims rose more than expected last week, with analysts attributing the rise to layoffs by some major corporations and to snowstorms. During the week...

READ MORE >
From Cautious Consumers to Tariff Jitters: Walmart and Amazon Face Q1 Headwinds
From Cautious Consumers to Tariff Jitters: Walmart and Amazon Face Q1 Headwinds
February 27, 2025  |  Retail

During their respective earnings calls earlier this month, Amazon and Walmart were cautious in their first-quarter 2025 outlooks, reflecting concerns about inflation and slowing consumer...

READ MORE >
Trump Says US Has Decided to Impose Tariffs on EU
Trump Says US Has Decided to Impose Tariffs on EU
February 26, 2025  |  Politics

President Donald Trump reportedly said Wednesday (Feb. 26) that the U.S. has decided to impose tariffs on the European Union (EU) and will announce the details...

READ MORE >
Two-Thirds of Consumers Say They Need Their Next Paycheck to Pay the Bills
Two-Thirds of Consumers Say They Need Their Next Paycheck to Pay the Bills
February 26, 2025  |  Consumer Insights

In the fourth quarter of 2024, increased economic pressures continued to affect households in the United States. With inflation at 2.9% by December, 65% of...

READ MORE >
Trade and Tariffs Worries Drive Decline in Consumer Confidence
Trade and Tariffs Worries Drive Decline in Consumer Confidence
February 25, 2025  |  Economy

Worries about trade and tariffs led to the biggest monthly decline in consumer confidence since August 2021, The Conference Board said Tuesday (Feb. 25). Reporting...

READ MORE >
Wealthiest 10% of Americans Drive Bulk of Consumer Spending
Wealthiest 10% of Americans Drive Bulk of Consumer Spending
February 24, 2025  |  Consumer Finance

While many Americans are cutting back, their wealthier neighbors are spending freely. As the Wall Street Journal (WSJ) reported late Sunday (Feb. 23), the top...

READ MORE >