economy

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

As eCommerce Slows, FedEx Says It Will Rely on Efficiency

As eCommerce Slows, FedEx Says It Will Rely on Efficiency
As eCommerce Slows, FedEx Says It Will Rely on Efficiency
June 30, 2022  |  Delivery

Top FedEx executives have laid out plans for helping the company recover over the next few years from the post-pandemic decline in online commerce, The...

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Meta Vows ‘Leaner, Meaner’ Operation as Business Climate Chills
Meta Vows ‘Leaner, Meaner’ Operation as Business Climate Chills
June 30, 2022  |  Facebook / Meta

Meta Platforms is looking into a “leaner” second half of 2022, as data privacy issues hit its ad business and macroeconomic pressures increase, Reuters wrote...

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Auto Lenders Brace for Higher Interest Rates, Recession
Auto Lenders Brace for Higher Interest Rates, Recession
June 30, 2022  |  Economy

As the Federal Reserve boosts interest rates to beat inflation, all sorts of debt becomes more expensive. Much of the everyday focus may be on...

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Commerce Dept: People Are Spending More on Gas, Less on Cars
Commerce Dept: People Are Spending More on Gas, Less on Cars
June 30, 2022  |  Consumer Insights

Overall consumer spending fell in May, driven largely by spikes in fuel and housing costs, the U.S. Commerce Department said Thursday (June 30). Get the...

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Today in Data: Declining Consumer Confidence
Today in Data: Declining Consumer Confidence
June 30, 2022  |  Today In Data

Today in data, continued inflation and fears of a recession have contributed to a drop in the Consumer Confidence Index. Get the Full Story Complete...

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RH Says High Mortgage Rates Killing Demand for Luxury Homes, Furniture
RH Says High Mortgage Rates Killing Demand for Luxury Homes, Furniture
June 30, 2022  |  Retail

Hopes for a near-term turnaround in the battered home furnishing category were dashed Wednesday evening (June 29), after high-end retailer RH told investors it expects...

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Luxury Home Slowdown Takes Toll on RH Furniture Sales
Luxury Home Slowdown Takes Toll on RH Furniture Sales
June 29, 2022  |  Retail

RH, the high-end furniture retailer, has seen its stock tumble in extended trading, after it cut its forecast, Bloomberg reported Wednesday (June 29). Get the...

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Inflation Shifts Consumer Spending to Grocery, not Restaurants, Says General Mills
Inflation Shifts Consumer Spending to Grocery, not Restaurants, Says General Mills
June 29, 2022  |  Earnings

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