economy

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

Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
June 22, 2020  |  News

In today’s top news, Wirecard says the missing $2.1 billion from its Philippines accounts probably never existed, and checkout.com raised $150 million. Plus, U.S. consumers...

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US Banks Saw $2T Increase In Deposits During Pandemic
US Banks Saw $2T Increase In Deposits During Pandemic
June 22, 2020  |  Banking

A record $2 trillion has been deposited into U.S. bank accounts since the coronavirus first hit the U.S. in January, according to a report by...

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UK Financial Regulator Proposes Extended Grace Period Amid COVID-19
UK Financial Regulator Proposes Extended Grace Period Amid COVID-19
June 19, 2020  |  Economy

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore...

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Economists Recommend More Lenient Terms For Main Street Lending Program
Economists Recommend More Lenient Terms For Main Street Lending Program
June 18, 2020  |  Loans

A pair of former Federal Reserve economists said they think the government should ease the rules on who can participate in the U.S.’s Main Street...

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US Jobless Claims Down, But Still Above 1.5M 
US Jobless Claims Down, But Still Above 1.5M 
June 18, 2020  |  Economy

Unemployment claims fell slightly to 1.5 million last week, the 11th consecutive week the jobless numbers have declined, but higher than economists expected, according to...

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Powell Urges Congress Not To Pull Back On Stimulus Efforts
Powell Urges Congress Not To Pull Back On Stimulus Efforts
June 17, 2020  |  Economy

As lawmakers battle over another stimulus package, Federal Reserve Board Chairman Jerome Powell told Congress a recovery would be at risk if federal relief is...

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Home Construction Rebounds In May, But Trouble Lingers
Home Construction Rebounds In May, But Trouble Lingers
June 17, 2020  |  Economy

For the first time since U.S. home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to...

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