economy

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

Retail Sales Surge On Stimulus

Retail Sales Surge On Stimulus
Retail Sales Surge On Stimulus
February 17, 2021  |  Retail

Retail sales rose in January by 5.3 percent on the wings of long-delayed action on the part of Congress, which OK’d a $900 billion COVID-19...

READ MORE >
Down But Not Out: New Business Applications Spike In January
Down But Not Out: New Business Applications Spike In January
February 16, 2021  |  Startups

Applications to start new U.S. businesses leaped in January, despite rising COVID-19 cases. Commerce Department data from last week indicated that new business applications surged...

READ MORE >
Survey Says Most NYC Restaurants Couldn’t Pay December’s Rent
Survey Says Most NYC Restaurants Couldn’t Pay December’s Rent
February 16, 2021  |  Retail

Some 92 percent of the more than 400 restaurants surveyed by the NYC Hospitality Alliance indicated that they could not foot the bill for rent,...

READ MORE >
Shuttered Venue Operators Hanging On Delayed $15 Billion SBA Grants
Shuttered Venue Operators Hanging On Delayed $15 Billion SBA Grants
February 16, 2021  |  Economy

A $15 billion Small Business Administration (SBA) grant program for companies in the business of live events has still not launched, The Wall Street Journal...

READ MORE >
Are We On The Cusp Of Roaring ’20s Retail Rebound Or A Long, Challenging Slog?
Are We On The Cusp Of Roaring ’20s Retail Rebound Or A Long, Challenging Slog?
February 16, 2021  |  Retail

Given that consumer spending accounts for 70 percent of the U.S. economy, it’s safe to say the monthly reading on retail sales on Wednesday (Feb....

READ MORE >
Corporate Spending Budgets In Flux Over Uncertain Recovery Pace
Corporate Spending Budgets In Flux Over Uncertain Recovery Pace
February 15, 2021  |  Economy

Add the annual corporate budget to the list of pre-COVID-19 institutions upended by the pandemic, The Wall Street Journal reports. Get the Full Story Complete...

READ MORE >
February Consumer Sentiment Index Hits Six-Month Low
February Consumer Sentiment Index Hits Six-Month Low
February 12, 2021  |  Consumer Finance

Consumer attitudes about the state of the economy unexpectedly dropped to a six-month low despite good news about vaccinations and more stimulus funds on the...

READ MORE >
UK’s 2020 Economy Worst In 300 Years
UK’s 2020 Economy Worst In 300 Years
February 12, 2021  |  Economy

The economy in the U.K. contracted 9.9 percent in 2020, the worst year on record since 1709, the Office for National Statistics (ONS) said in...

READ MORE >