economy

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

Meta to Lay Off More Than 11,000 Workers Due to Drop in eCommerce

Meta to Lay Off More Than 11,000 Workers Due to Drop in eCommerce
Meta to Lay Off More Than 11,000 Workers Due to Drop in eCommerce
November 09, 2022  |  Personnel

Meta will lay off more than 11,000 employees — 13% of its workforce — CEO Mark Zuckerberg said, blaming the decision on his misguided bet...

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Ahold Delhaize’s US Rewards Programs Drive $1.5B in Sales YTD
Ahold Delhaize’s US Rewards Programs Drive $1.5B in Sales YTD
November 09, 2022  |  Retail

Netherlands-based multinational grocery retailer Ahold Delhaize is seeing its loyalty bets pay off in the United States. Get the Full Story Complete the form to...

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Report: Tiger Global Cuts Tech Investments by Billions of Dollars
Report: Tiger Global Cuts Tech Investments by Billions of Dollars
November 09, 2022  |  Investments

As declining technology stocks have hacked the value of investor Tiger Global Management’s public stocks this year, the company has also slashed the value of...

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Inflation Stokes Recession Fears While Slamming Retail Earnings
Inflation Stokes Recession Fears While Slamming Retail Earnings
November 09, 2022  |  Retail

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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New Jobs for Better Wages Not a Panacea for Paycheck-to-Paycheck Households
New Jobs for Better Wages Not a Panacea for Paycheck-to-Paycheck Households
November 09, 2022  |  Economy

The household economics of 2022 continues to confound, as consumers who are fearful of recession and whose wages are also not keeping pace with inflation...

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Zuckerberg Takes Responsibility for Upcoming Meta Staff Cuts
Zuckerberg Takes Responsibility for Upcoming Meta Staff Cuts
November 08, 2022  |  Facebook / Meta

Social media and metaverse company Meta will join the growing list of tech companies making large employee layoffs on Wednesday (Nov. 9). Get the Full...

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Citigroup Investment Banking Unit Slashes Staff Globally
Citigroup Investment Banking Unit Slashes Staff Globally
November 08, 2022  |  Personnel

The rising trend of large corporations cutting back employees looks set to continue amid a report that Citigroup is scaling back its investment banking unit’s...

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Bitcoin a Shell of Former Self on Anniversary of $68K All-Time High
Bitcoin a Shell of Former Self on Anniversary of $68K All-Time High
November 08, 2022  |  Bitcoin

It has been a rocky 12 months for bitcoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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