economy

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

Gen X Households Gained $13T in Assets Since Q1 2020

Gen X Households Gained $13T in Assets Since Q1 2020
Gen X Households Gained $13T in Assets Since Q1 2020
October 05, 2021  |  Consumer Payments

Generation X has been seeing a boost in wealth since the pandemic began, according to data from the Federal Reserve, per Bloomberg. Get the Full...

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Stock Market Instability Leads to Shelved IPOs 
Stock Market Instability Leads to Shelved IPOs 
October 05, 2021  |  IPO

Initial public offerings (IPOs) are being put on hold as an unstable stock market leads to wariness among investors, according to a Tuesday (Oct. 5)...

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Hollywood’s Behind-the-Scenes Workers OK Strike Over Streaming Pay, Hours
Hollywood’s Behind-the-Scenes Workers OK Strike Over Streaming Pay, Hours
October 04, 2021  |  Economy

The union representing the professionals working behind the scenes in Hollywood — set builders, costume designers, video engineers and others — authorized a strike following...

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Consumer Spending, Income Show Gains In August
Consumer Spending, Income Show Gains In August
October 01, 2021  |  Economy

U.S. personal consumer expenditures (PCE) rose 0.8% ($130.5 billion) last month, coinciding with an uptick in personal income of 0.2% ($35.5 billion) and a 0.1%...

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New Data: Only One-Quarter of Post-Pandemic Consumers Eager To Get Out — and Spend — More
New Data: Only One-Quarter of Post-Pandemic Consumers Eager To Get Out — and Spend —...
October 01, 2021  |  Economy

The United States has turned a new corner on the pandemic. Vaccination rates are rising, and, in turn, consumers’ worries about infection are receding. Health...

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New Jobless Claims Up for Third Consecutive Week
New Jobless Claims Up for Third Consecutive Week
September 30, 2021  |  Economy

The number of new jobless claims inched up again for the third week in a row, hitting 362,000 for the week ending Sept. 25, up...

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Business Coalition Calls on Nations to Reopen to Protect Supply Chains
Business Coalition Calls on Nations to Reopen to Protect Supply Chains
September 29, 2021  |  Supply Chain

Global supply chains might collapse unless governments around the globe restore freedom of movement for transport workers, giving them priority over vaccines, the Financial Times...

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US Consumer Confidence Dips for Second Month
US Consumer Confidence Dips for Second Month
September 28, 2021  |  Economy

U.S. consumer confidence has continued falling for the second month in a row due to inflation concerns as well as the persisting delta variant of...

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