economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Deliveroo CEO Expects Wage Growth to Outpace Food Inflation, Drive Demand
Deliveroo CEO Expects Wage Growth to Outpace Food Inflation, Drive Demand
January 19, 2024  |  Earnings

As restaurant delivery services around the world have seen demand impacted for years by ongoing food inflation and other financial challenges, Deliveroo expects that wage...

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Richemont’s Sales Soar on Strong Demand in China and Japan
Richemont’s Sales Soar on Strong Demand in China and Japan
January 19, 2024  |  Retail

Inflation-pressured consumers tend to cut back on their luxury purchases.  At least, that’s what PYMNTS Intelligence data has found. However, the demand for Richemont’s jewelry...

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Unemployment Claims Fall With Fewer Layoffs in Transportation, Warehousing
Unemployment Claims Fall With Fewer Layoffs in Transportation, Warehousing
January 18, 2024  |  Economy

The number of initial claims for unemployment benefits filed during the week ended Saturday (Jan. 13) was the lowest since Sept. 24, 2022. The number...

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Costco Tests Pre-Entry Membership Verification as Consumers Seek More Deals
Costco Tests Pre-Entry Membership Verification as Consumers Seek More Deals
January 18, 2024  |  Authentication

With more consumers looking to find bargains on groceries, Costco is trying a new, more prohibitive membership verification process. The warehouse club giant is testing...

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Tipping Costs Drive Nearly 30% of Consumers to Reduce Hotel Spending
Tipping Costs Drive Nearly 30% of Consumers to Reduce Hotel Spending
January 18, 2024  |  Consumer Insights

Rising prices are affecting American households, leading to reduced consumer spending. Despite a slight decrease in inflation, Consumer Price Index data showed that consumer sentiment...

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Fed’s Beige Book Says Holiday Spending Met or Exceeded Expectations
Fed’s Beige Book Says Holiday Spending Met or Exceeded Expectations
January 17, 2024  |  Economy

Economic activity in the United States remained relatively stable from mid-November through December.  While a majority of the 12 Federal Reserve Districts reported little or...

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Digital Innovation, Global Tensions Define Davos, Industrial Economy
Digital Innovation, Global Tensions Define Davos, Industrial Economy
January 17, 2024  |  Supply Chain

The World Economic Forum’s annual Davos meeting is taking place against a complex backdrop. The geopolitical and geoeconomics complications being discussed by world leaders are far from foreign...

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US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
January 15, 2024  |  Economy

U.S. lawmakers are engaged in discussions over a potential deal that could provide $70 billion worth of tax breaks for businesses and families.  The proposal,...

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Wage Hikes and Regulations May Spur Gig Platform Consolidation
Wage Hikes and Regulations May Spur Gig Platform Consolidation
January 15, 2024  |  Gig Economy

Wage hikes and new regulations impacting the ways in which gig workers are classified may shake up online platforms, pinching profits and spurring consolidation. In...

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