economy

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

Data May Show US Economy Shrank for Second Straight Quarter

Data May Show US Economy Shrank for Second Straight Quarter
Data May Show US Economy Shrank for Second Straight Quarter
July 26, 2022  |  Economy

With the possibility of a Thursday (July 28) report showing the U.S. economy shrank for the second straight quarter, the Biden administration is getting in...

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Inflation Puts Dent in US Consumer Confidence
Inflation Puts Dent in US Consumer Confidence
July 26, 2022  |  Economy

Consumer confidence in the U.S. hit another low in July, as rising inflation casts a shadow over the economy’s future, Bloomberg reported Tuesday (July 26)....

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Albertsons Turns up ‘Sticky’ Digital Engagement Efforts as Shoppers Seek Deals on Groceries
Albertsons Turns up ‘Sticky’ Digital Engagement Efforts as Shoppers Seek Deals on Groceries
July 26, 2022  |  Earnings

In the face of rising food costs, grocers are challenged to find ways to assuage customers’ anxieties without overly narrowing their already razor-thin margins. To...

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Truckers Still Feel Supply Chain Strain Despite Slower Demand
Truckers Still Feel Supply Chain Strain Despite Slower Demand
July 26, 2022  |  Supply Chain

The demand for trucking and other freight services slowed during the second quarter but still exceeds the capacity of a supply chain tested by the...

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As Walmart Warns, Consumers See Nearly 2 Years of Inflation Pain Ahead
As Walmart Warns, Consumers See Nearly 2 Years of Inflation Pain Ahead
July 26, 2022  |  Retail

Walmart’s profit warning on Monday (July 25) sent shockwaves through already jittery markets, in effect confirming new PYMNTS research showing that over half of U.S....

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Walmart Cuts Q2, FY23 Profit Outlook as It Lowers Prices to Move Goods
Walmart Cuts Q2, FY23 Profit Outlook as It Lowers Prices to Move Goods
July 25, 2022  |  Walmart

Walmart has slashed its outlook for both the second quarter along with the fiscal year 2023 as the economy continues to see troubled times, per...

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The Week Ahead: Earnings Will Spotlight Big Tech’s Payments Ambitions
The Week Ahead: Earnings Will Spotlight Big Tech’s Payments Ambitions
July 25, 2022  |  Earnings

The banks came first — weighing in on the state of the consumer, taking measures of credit and debit spending. Get the Full Story Complete...

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Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
July 25, 2022  |  Consumer Finance

Inflation hits everyone, yes — and how they view their financial straits governs how they’ll spend in the near (and longer) term. Get the Full...

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