economy

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

IRS Stimulus Check Round 2, Will It Happen?
IRS Stimulus Check Round 2, Will It Happen?
May 18, 2020  |  Coronavirus

After a slightly rocky rollout, complaints that funds took a long time to arrive and that a few dead people got payouts they can’t really use, the first...

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Mark Cuban Calls For Stimulus Cash, COVID-19 Jobs Program
Mark Cuban Calls For Stimulus Cash, COVID-19 Jobs Program
May 18, 2020  |  Economy

In a series of tweets, entrepreneur Mark Cuban has called for a sea change in federal government policies to address the COVID-19 pandemic, on both...

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Why Consumers Are Embracing Digital Life — And Why 23 Pct Will Leave Offline Behind
Why Consumers Are Embracing Digital Life — And Why 23 Pct Will Leave Offline Behind
May 18, 2020  |  Coronavirus

Wholesale change — the type that leads to seismic shifts, upending daily life across the way we travel, eat, live, work — always comes when...

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Data Drop: eCommerce Numbers Steal Relevance
Data Drop: eCommerce Numbers Steal Relevance
May 18, 2020  |  Retail

Is the retail industry looking at the wrong numbers? It could be. While last week’s 16 percent overall spending drop lit up the headlines and...

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NEW DATA: Examining The Pandemic’s $158 Billion Digital Shift
NEW DATA: Examining The Pandemic’s $158 Billion Digital Shift
May 18, 2020  |  Coronavirus

The COVID-19 pandemic has upended millions of consumers’ lives, be it through health complications, job loss, stay-at-home orders or a more general anxiety about what...

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Fed’s Powell: US Economic Recovery Could Take To End Of 2021
Fed’s Powell: US Economic Recovery Could Take To End Of 2021
May 17, 2020  |  Economy

Federal Reserve Chairman Jerome Powell, speaking on “60 Minutes,” said an economic recovery could take as long as another year and a half, but he...

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Fed: US Banks Vulnerable To Loss From Pandemic
Fed: US Banks Vulnerable To Loss From Pandemic
May 17, 2020  |  Banking

U.S. banks could be at risk for massive losses as the pandemic strains their resources, the Federal Reserve warned in its semi-annual report on financial...

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Labor Department: Layoffs, Discharges Jump 9.5M In March
Labor Department: Layoffs, Discharges Jump 9.5M In March
May 15, 2020  |  Economy

As the pandemic quickly transformed the labor market, layoffs in the U.S. surged to an all-time high in March. The count of individuals resigning from...

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Atlanta Fed: GDP Could Tumble By 43 Pct In Q2
Atlanta Fed: GDP Could Tumble By 43 Pct In Q2
May 15, 2020  |  Economy

Just when the economy can’t take any more bad news, the Federal Reserve Bank of Atlanta is predicting the national gross domestic product (GDP) is...

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