economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Financial Sector Job Cuts in January Highest Since September 2018
Financial Sector Job Cuts in January Highest Since September 2018
February 01, 2024  |  Economy

Financial companies cut more jobs in January than in any month since September 2018. Companies in this sector announced 23,238 layoffs during the first month...

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Demand for Security Solutions Boosts Mastercard’s Value-Added Services Revenues 17%
Demand for Security Solutions Boosts Mastercard’s Value-Added Services Revenues 17%
January 31, 2024  |  Earnings

For Mastercard, new payment flows and digital innovations outpaced spending growth on cards — though consumers remain resilient. And as management noted in a press...

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TechCrunch Cuts Subscription Program as Consumers Cancel Media Memberships
TechCrunch Cuts Subscription Program as Consumers Cancel Media Memberships
January 31, 2024  |  Subscriptions

Amid ongoing financial pressures, consumers are making difficult decisions about which subscriptions provide enough value to keep and which to cancel, and against this backdrop,...

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Private Sector Hiring and Pay Increases Slow in January
Private Sector Hiring and Pay Increases Slow in January
January 31, 2024  |  Economy

Hiring and pay increases in the private sector slowed in January. The private sector added 107,000 jobs during the month, and annual pay increased by...

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US Job Openings Flat as Fewer Workers Quit
US Job Openings Flat as Fewer Workers Quit
January 30, 2024  |  Economy

If you’re hesitating about leaving your job, you aren’t alone these days. Data released Tuesday (Jan. 30) in the U.S. Bureau of Labor Statistics’ monthly Job...

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Private-Label Card Pressures May Signal Spending Pullback
Private-Label Card Pressures May Signal Spending Pullback
January 30, 2024  |  Consumer Insights

Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are...

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Just One-Tenth of Savings Are Stored in Financial Assets
Just One-Tenth of Savings Are Stored in Financial Assets
January 30, 2024  |  Consumer Finance

In times of economic turbulence such as these, investing in interest-bearing financial assets is one way to mitigate the effects of inflation. Although U.S. consumers...

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Venus et Fleur Pitches Flowers as Valentine’s Day Investments 
Venus et Fleur Pitches Flowers as Valentine’s Day Investments 
January 27, 2024  |  Retail

Valentine’s Day has long been associated with the exchange of thoughtful gifts, and few tokens of affection are as iconic as a bouquet of flowers....

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Headline Inflation Cools, But Food Prices Still Climbed in December
Headline Inflation Cools, But Food Prices Still Climbed in December
January 26, 2024  |  Economy

Taken as a whole, the Commerce Department’s latest reading on inflation shows a dip below a key psychological level.  The Personal Consumption Index, as released Friday...

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