economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Microsoft Tops Apple as World’s Most Valuable Company 
Microsoft Tops Apple as World’s Most Valuable Company 
January 11, 2024  |  Investments

Microsoft’s AI investments have helped it surpass long-time rival Apple as the world’s most valuable company. Shares in the software company climbed early Thursday (Jan. 11) to...

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Grocers Tap Digital Deals to Drive Omnichannel Engagement Amid Ongoing Pressures
Grocers Tap Digital Deals to Drive Omnichannel Engagement Amid Ongoing Pressures
January 11, 2024  |  Retail

As consumers’ grocery budgets continue to be pressured by years of inflation and other economic challenges, merchants are tapping digital deals to drive omnichannel adoption,...

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Inflation’s Pace Quickens in December, Led by Housing Costs
Inflation’s Pace Quickens in December, Led by Housing Costs
January 11, 2024  |  Economy

The end of inflation? The end of the pinch to paycheck-to-paycheck wallets? Hardly. And, per the latest Consumer Price Index data, released Thursday (Jan. 11) by...

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Nearly 1 in 7 Consumers Have Paid for Gasoline in Installments
Nearly 1 in 7 Consumers Have Paid for Gasoline in Installments
January 10, 2024  |  Consumer Insights

Struggling consumers are relying on installment plans for common purchases such as groceries or restaurants to stretch their budgets and make ends meet. With fuel...

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Women Likelier Than Men to Cut Back on Grocery Spending
Women Likelier Than Men to Cut Back on Grocery Spending
January 09, 2024  |  Consumer Insights

As consumers continue to see economic pressures eat away at their purchasing power, PYMNTS Intelligence indicated women are more likely than men to cut back...

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Carrefour-PepsiCo Spat Comes as Grocers Step Up Efforts to Manage Inflation
Carrefour-PepsiCo Spat Comes as Grocers Step Up Efforts to Manage Inflation
January 09, 2024  |  Retail

As rising food prices alienate grocery customers, merchants are beginning to throw their weight around with major food brands, if the Carrefour-PepsiCo standoff is any...

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Inflation Remains Top of Mind for Small Businesses as 2024 Kicks Off
Inflation Remains Top of Mind for Small Businesses as 2024 Kicks Off
January 09, 2024  |  SMBs

The cost of doing business is top of mind for Main Street’s small businesses. The National Federation of Independent Business detailed in its Tuesday (Jan....

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Seniors’ Possible Purchasing Power Erosion May Lead to Less Splurging in 2024
Seniors’ Possible Purchasing Power Erosion May Lead to Less Splurging in 2024
January 09, 2024  |  Consumer Insights

Older consumers were able to maintain their purchasing power last year, mainly helped by an 8.7% jump in Social Security benefits that exceeded inflation. This...

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Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
January 08, 2024  |  Banking

Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8)...

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