economy

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

Nationwide Insurance Chief Economist Encourages Conditional Retail Forecasts
Nationwide Insurance Chief Economist Encourages Conditional Retail Forecasts
June 29, 2020  |  Retail

Retailers looking for the shape of an economic recovery have had several letters to choose from. There’s the “hoped for” V-shaped recovery that heralds a...

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San Francisco To Delay Next Wave Of Reopenings Amid COVID Spike
San Francisco To Delay Next Wave Of Reopenings Amid COVID Spike
June 28, 2020  |  Coronavirus

San Francisco’s planned next phase reopening scheduled for Monday (June 29) for outdoor bars, hair salons, museums and more has been put on hold. Get...

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Consumer Spending Spree Now Tempered By Coronavirus Concerns
Consumer Spending Spree Now Tempered By Coronavirus Concerns
June 26, 2020  |  Economy

U.S. consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the...

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SE Asia’s East Ventures Looks To Back Startups With $88M Fund
SE Asia’s East Ventures Looks To Back Startups With $88M Fund
June 26, 2020  |  Investments

Singapore-based early stage tech investment firm East Ventures has targeted a new fund intending on benefiting businesses hurting from the coronavirus pandemic, Bloomberg reported. Get...

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Texas Halts Reopening Plans As COVID Cases Spike
Texas Halts Reopening Plans As COVID Cases Spike
June 25, 2020  |  Coronavirus

As coronavirus cases spike in Texas, the state’s officials have walked back their reopening plans for the state, CNBC reported. Get the Full Story Complete...

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Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
June 25, 2020  |  Banking

The Federal Reserve Board indicated that financial institutions (FIs) can stay strong even as they weather turbulent economic conditions, as it unveiled the results of...

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Brands Bake Novel Subscription Strategies Into Reopening Plans
Brands Bake Novel Subscription Strategies Into Reopening Plans
June 24, 2020  |  Subscription Commerce

Physical retailers are building digital bridges to alluring new hybrid experiences and adding value to recurring revenue offerings to keep the great reopening momentum alive....

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Mnuchin: US Tax Day May Be Pushed Back
Mnuchin: US Tax Day May Be Pushed Back
June 23, 2020  |  Taxes

U.S. Treasury Secretary Steven Mnuchin said the deadline for taxes could be extended beyond the already elongated July 15 deadline, so as to help those...

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Data Shows Less US Home Mortgages In Forbearance First Since March
Data Shows Less US Home Mortgages In Forbearance First Since March
June 23, 2020  |  Loans

The latest Forbearance and Call Volume Survey by the Mortgage Bankers Association (MBA) has seen a decrease in the number of loans up for forbearance,...

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