economy

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

Robinhood’s Cash Pile Eroding as Shares Slide to New Lows 

Robinhood’s Cash Pile Eroding as Shares Slide to New Lows 
Robinhood’s Cash Pile Eroding as Shares Slide to New Lows 
June 16, 2022  |  Investments

The pandemic-driven heyday is over for no-fee online stock trading startup Robinhood, whose market value is eroding as quickly as the cash on its balance...

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Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
June 16, 2022  |  Consumer Finance

If you were earning $250,000 per year, it seems as if you’d be insulated from the effects of inflation, but in fact, over one-third (36%)...

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CFOs Double Down on Model Testing, Cost Controls Amid Choppy Economy
CFOs Double Down on Model Testing, Cost Controls Amid Choppy Economy
June 16, 2022  |  CFO

At a time of market corrections and economic uncertainty, financial operators are concerned with two things: how long will it last and how prepared their...

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Freeze on Crypto SPACs Shows Blank Check Appeal in Rearview Mirror
Freeze on Crypto SPACs Shows Blank Check Appeal in Rearview Mirror
June 15, 2022  |  SPAC

It seems safe to say that the halcyon days of the blank check company are behind us. Get the Full Story Complete the form to...

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Spotify Expects to Slow Hiring, Growth
Spotify Expects to Slow Hiring, Growth
June 15, 2022  |  Subscriptions

Spotify Technology SA will slow hiring in the coming months by 25 percent due to deteriorating macroeconomic conditions, Chief Executive Daniel Ek wrote in a...

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Crypto Crisis Evokes 1998 Hedge Fund Crash that Crippled Market
Crypto Crisis Evokes 1998 Hedge Fund Crash that Crippled Market
June 15, 2022  |  Cryptocurrency

When a top investor with a deep hedge fund background says the tumbling cryptocurrency market is starting to feel “a little bit like a Long...

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Retail Sales Turn Negative, Reflect Broad-Based Consumer Caution
Retail Sales Turn Negative, Reflect Broad-Based Consumer Caution
June 15, 2022  |  Retail

U.S. retail sales unexpectedly fell 0.3% in May from a downwardly revised 0.7% pace in April, extending a four-month slowdown and delivering the strongest proof...

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Inflation Forces Change or Churn Dilemma for Subscription Companies
Inflation Forces Change or Churn Dilemma for Subscription Companies
June 15, 2022  |  Subscriptions

With PYMNTS research finding that estimated total monthly expenditure on subscriptions fell by 46% in March versus six months prior, we can now invoke “the...

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