economy

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

New Jobless Claims Drop To Lowest Level Since Pandemic’s Start

New Jobless Claims Drop To Lowest Level Since Pandemic’s Start
New Jobless Claims Drop To Lowest Level Since Pandemic’s Start
September 02, 2021  |  Economy

New jobless claims for the week ending Aug. 28 dropped 14,000 to 340,000, beating forecasts of 345,000 and hitting the lowest level yet since the...

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China to Send Banks Money for SMB Aid
China to Send Banks Money for SMB Aid
September 01, 2021  |  Loans

China’s central bank is planning to provide 300 billion yuan, or $46.4 billion, in low-cost funding to aid banks in providing support for small- and...

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Report: Cutting Unemployment Benefits Generated Minimal Job Gains
Report: Cutting Unemployment Benefits Generated Minimal Job Gains
September 01, 2021  |  Economy

Depending on the state where U.S. residents live, they had a 50/50 chance of having their enhanced federal unemployment benefits terminated early. Yet, regardless of...

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Afghani Banks Remain Closed After Takeover; Consumers Struggle To Get Cash
Afghani Banks Remain Closed After Takeover; Consumers Struggle To Get Cash
August 31, 2021  |  Cross-border Payments

With its central bank effectively leaderless and the Afghani dollar in a nosedive, geopolitical aspects of the Taliban takeover are being overshadowed by the collapse...

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August US Consumer Confidence Lowest in 6 Months
August US Consumer Confidence Lowest in 6 Months
August 31, 2021  |  Economy

Confidence among U.S. consumers dropped in August to its lowest level since February as the COVID-19 delta variant continued its spread and higher inflation rates...

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Federal Pandemic Jobless Benefits Ending Despite Rising COVID-19 Cases
Federal Pandemic Jobless Benefits Ending Despite Rising COVID-19 Cases
August 31, 2021  |  Economy

Millions of unemployed workers will be kicked off federal pandemic unemployment assistance (PUA) on Saturday (Sept. 4), even though the return to work is backsliding...

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Video Conference Service Zoom Expects Slowdown as Companies Return to Offices
Video Conference Service Zoom Expects Slowdown as Companies Return to Offices
August 30, 2021  |  Earnings

Zoom has posted its first billion-dollar quarter, but forecasts have usage of the video communication platform decreasing in the coming months, Reuters reported. Get the...

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WeChat, Chinese Social Media to Pare Content That ‘Bad Mouths’ Chinese Economy
WeChat, Chinese Social Media to Pare Content That ‘Bad Mouths’ Chinese Economy
August 29, 2021  |  Cross-border Payments

The Chinese government is cracking down on financial journalists and commentators who aren’t officially registered with the government, the Global Times, an English-language newspaper controlled...

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