economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Consumers Switch to Cheaper Retailers but Hesitant to Leave Grocers
Consumers Switch to Cheaper Retailers but Hesitant to Leave Grocers
April 17, 2024  |  Retail

Shoppers who are willing to leave their favorite retailers in search for better prices are hesitant to make the same kinds of changes when it...

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Tired of Cutbacks, Shoppers Demand Affordable Luxuries From Mass-Market Retailers
Tired of Cutbacks, Shoppers Demand Affordable Luxuries From Mass-Market Retailers
April 17, 2024  |  Retail

After years of being conservative in their spending in response to ongoing economic challenges, shoppers are looking for ways that they can feel more indulgent...

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US Bancorp Interest Income Dips as Customer Caution Continues
US Bancorp Interest Income Dips as Customer Caution Continues
April 17, 2024  |  Banking

U.S. Bancorp is forecasting a decline in net interest income for this year.  In announcing its earnings Wednesday (April 17), the lender said it anticipates net...

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Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
April 16, 2024  |  Personnel

The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain...

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Shoppers Strain Under Burden of Ongoing CPG Price Hikes
Shoppers Strain Under Burden of Ongoing CPG Price Hikes
April 16, 2024  |  Retail

As leading consumer-packaged goods (CPG) brands continue to raise their prices slowly but persistently, shoppers who are on the fence are looking for more affordable...

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PNC Reports 2% Commercial Loan Dip Amid Manufacturer ‘Hesitancy’
PNC Reports 2% Commercial Loan Dip Amid Manufacturer ‘Hesitancy’
April 16, 2024  |  Earnings

PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased...

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Payments Execs View Data as the Compass for Navigating Uncertain Times
Payments Execs View Data as the Compass for Navigating Uncertain Times
April 16, 2024  |  Opinion

“The only thing we can count on is uncertainty,” Albert Einstein once observed. And while the statement is universal, and applies to pretty much any...

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57% of Gen Z Workers Say They Are Likely to Change Jobs in 2024
57% of Gen Z Workers Say They Are Likely to Change Jobs in 2024
April 15, 2024  |  Consumer Finance

Despite news about a slight surge in retail sales, PYMNTS Intelligence has found many U.S. consumers have good reason to be concerned about their economic footing. ...

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March Retail Sales Wrap Solid First Quarter for Consumer Spending
March Retail Sales Wrap Solid First Quarter for Consumer Spending
April 15, 2024  |  Economy

The old adage goes, “March comes in like a lion and goes out like a lamb.” However, for consumer spending, it looks like March came...

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