economy

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

Retail Sales Flat in July as Pump Prices Dip Further

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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Home Depot’s Record Q2 Shows Nesting Trend Not Done Yet
Home Depot’s Record Q2 Shows Nesting Trend Not Done Yet
August 16, 2022  |  Retail

A backlog of home improvement projects among professional customers helped The Home Depot keep its momentum in the second quarter of fiscal 2022 as the...

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ThredUP: Apparel Resale ‘Uniquely Positioned’ to Weather Storm as Orders, Buyers Rise
ThredUP: Apparel Resale ‘Uniquely Positioned’ to Weather Storm as Orders, Buyers Rise
August 16, 2022  |  Retail

Clothing reseller thredUP saw double-digit percentage increases in the number of orders and buyers on its platform during the second quarter. Get the Full Story...

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