economy

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

SPACs Get No Respect Amid 2022’s Tech Stock Shakeout

SPACs Get No Respect Amid 2022’s Tech Stock Shakeout
SPACs Get No Respect Amid 2022’s Tech Stock Shakeout
May 18, 2022  |  SPAC

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Wells Fargo CEO: ‘Hard to Avoid’ a Recession
Wells Fargo CEO: ‘Hard to Avoid’ a Recession
May 17, 2022  |  Economy

Speaking at an event, Wells Fargo CEO Charlie Scharf said it’s almost a given that the U.S. is heading for an economic downturn, The Wall...

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Walmart’s Customer ‘Switching’ Shows Inflation Hitting the Paycheck-to-Paycheck Consumer
Walmart’s Customer ‘Switching’ Shows Inflation Hitting the Paycheck-to-Paycheck Consumer
May 17, 2022  |  Retail

For Walmart, the paycheck-to-paycheck economy — and its pressures — dictate how the retailing giant’s fortunes will fare, especially over the near term. Get the...

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Walmart Sees Shift to Private-Label Groceries Amid Rapid Food Inflation
Walmart Sees Shift to Private-Label Groceries Amid Rapid Food Inflation
May 17, 2022  |  Walmart

For multiple quarters in a row, Walmart has been able to leverage inflation to its advantage when it comes to grocery, pricing out competitors. Now,...

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Dwindling Cash, Mounting Headwinds Increase Pressure on Paycheck-to-Paycheck America
Dwindling Cash, Mounting Headwinds Increase Pressure on Paycheck-to-Paycheck America
May 17, 2022  |  Retail

As that old Cole Porter song used to remind us: Things get “too hot not to cool down.” Get the Full Story Complete the form...

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Walmart Sees Demand Shift for Low-Priced Bacon and High-Ticket Game Consoles
Walmart Sees Demand Shift for Low-Priced Bacon and High-Ticket Game Consoles
May 17, 2022  |  Retail

Citing unexpected pressure from supply chain costs, rising U.S. wages and what it called unusual inflationary challenges surrounding food and fuel, Walmart said Tuesday (May...

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US Retail Sales Rise 0.9% in April as Consumers Deal With Price Hikes
US Retail Sales Rise 0.9% in April as Consumers Deal With Price Hikes
May 17, 2022  |  Economy

The pace of retail sales in the U.S. slowed for the fourth consecutive month in April as higher prices offset curtailed spending enough to lift...

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Tether Drops 9% in $7B Investor Selloff 
Tether Drops 9% in $7B Investor Selloff 
May 17, 2022  |  Cryptocurrency

The world’s biggest stablecoin, Tether, dropped an estimated 9% in value since May 12 and lost more than $7 billion as investors pulled out amid...

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