economy

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

Consumers Spend More On Services Than Goods In Sluggish July

Consumers Spend More On Services Than Goods In Sluggish July
Consumers Spend More On Services Than Goods In Sluggish July
August 27, 2021  |  Economy

Consumer spending — the driving force in the U.S. economy — was up in July, but at 0.3 percent, just a fraction of last month’s...

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New Jobless Claims Inch Up As Delta Soars And Labor Shortage Continues
New Jobless Claims Inch Up As Delta Soars And Labor Shortage Continues
August 26, 2021  |  Economy

New jobless claims are up 4,000 for the week that ended Aug. 21 for a total of 353,000, according to the weekly report from the...

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Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
August 25, 2021  |  Economy

The U.S. gross domestic product (GDP), a broad measure of economic activity, grew at an annualized rate of 5.7 percent during the third calendar quarter...

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Supply Chain Woes Crippling US Food Sector
Supply Chain Woes Crippling US Food Sector
August 25, 2021  |  Economy

The global supply chain slowdown is affecting some of the largest food distributors in the U.S., which are having trouble fulfilling orders because of a...

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UK July Retail Sales Fall Sharply But Remain Higher Than Pre-Pandemic Levels
UK July Retail Sales Fall Sharply But Remain Higher Than Pre-Pandemic Levels
August 20, 2021  |  Retail

U.K. retail sales, buoyed by high grocery store spending during the European Championship matches in June, dropped unexpectedly in July, The Guardian reported Friday (Aug...

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Today In Retail: Amazon’s Big Plans For Big Stores; Home Improvement Retailers Compete For Contractors’ Wallets
Today In Retail: Amazon’s Big Plans For Big Stores; Home Improvement Retailers Compete For Contractors’...
August 20, 2021  |  Retail

In today’s top retail news, Amazon is reportedly planning to open department store-style retail locations in the coming years, while Lowe’s, Home Depot and other...

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Philippines Shutting Down Digital Bank Requests
Philippines Shutting Down Digital Bank Requests
August 19, 2021  |  Banking

Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Thursday (Aug. 19) announced that the country’s central bank would stop accepting digital banking applications on Sept....

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New Pandemic Low For Jobless Claims Beats Forecasts
New Pandemic Low For Jobless Claims Beats Forecasts
August 19, 2021  |  Economy

New jobless claims dropped to a new pandemic-era low, coming in at 348,000 for the week ending Aug. 14, a drop of 29,000 from the...

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