economy

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

Grocery, Convenience Store Distribution Help Krispy Kreme Combat Inflation
Grocery, Convenience Store Distribution Help Krispy Kreme Combat Inflation
August 17, 2022  |  Earnings

As food prices rise, Krispy Kreme is leveraging its business selling fresh-made donuts to grocers and convenience stores to weather these inflationary challenges. Get the...

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Colombia Eyes CBDC to Ease Transactions, Stop Tax Evasion
Colombia Eyes CBDC to Ease Transactions, Stop Tax Evasion
August 17, 2022  |  CBDC

Aiming to make transactions easier for consumers and to put an end to tax evasion, Colombia is reportedly considering introducing a central bank digital currency...

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Lowe’s Looks To Personal Income, Aging Homes to Extend Home Improvement Trend
Lowe’s Looks To Personal Income, Aging Homes to Extend Home Improvement Trend
August 17, 2022  |  Retail

The nesting trend continues but at a clipped pace for home improvement retailer Lowe’s as DIY projects popular for the past two-plus years are nudged...

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Retail Sales Flat in July as Pump Prices Dip Further
Retail Sales Flat in July as Pump Prices Dip Further
August 17, 2022  |  Economy

Tumbling gas prices at the pump were not enough to boost retail sales in July, which remained unchanged from June’s level of 0.8%, revised downward...

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Three in Five Consumers Cut Back on Nonessential Grocery Spending
Three in Five Consumers Cut Back on Nonessential Grocery Spending
August 16, 2022  |  Consumer Finance

When today’s grocery shoppers browse store aisles, they are not looking for premium products or exciting indulgences — the majority are generally just trying to...

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Walmart’s Grocery Gains Could Be Mixed Blessing as Shoppers Trade Down
Walmart’s Grocery Gains Could Be Mixed Blessing as Shoppers Trade Down
August 16, 2022  |  Retail

Amid ongoing inflation, many consumers are growing more conservative in their spending, cutting back on luxuries and sticking more to the basics. Walmart, the world’s...

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Short-Term Rental Platform Guesty Notches $170M to Fuel Hospitality Space
Short-Term Rental Platform Guesty Notches $170M to Fuel Hospitality Space
August 16, 2022  |  Travel Payments

Short-term rental (STR) and hospitality platform Guesty raised $170 million in a Series E funding round to fuel the company’s growth and new product development...

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Citi Names IBM Exec Ryan Rugg, FinTech Veteran David Cunningham to TTS Digital Team
Citi Names IBM Exec Ryan Rugg, FinTech Veteran David Cunningham to TTS Digital Team
August 16, 2022  |  Personnel

Citi has named Wall Street and IBM veteran Ryan Rugg as its global head of digital assets for treasury and trade solutions (TTS). Get the...

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Walmart CEO: We’re a More Digital, Relevant, Omnichannel Retailer
Walmart CEO: We’re a More Digital, Relevant, Omnichannel Retailer
August 16, 2022  |  Retail

By most measures, the past three months have been some of the toughest that Walmart has faced in decades, as the bite of inflation has...

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