economy

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

Census: Estimates For Retail And Food Slightly Down 

Census: Estimates For Retail And Food Slightly Down 
Census: Estimates For Retail And Food Slightly Down 
December 16, 2020  |  Retail

U.S. retail sales were down 1.1 percent in November compared to October, hitting approximately $546.5 billion, according to the monthly U.S. Census Bureau report released...

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Consumers Expect Higher US Household Spending, Even As Some Fear Hard Times
Consumers Expect Higher US Household Spending, Even As Some Fear Hard Times
December 15, 2020  |  Economy

Americans see both good and bad economic times ahead, with consumers predicting the highest jump in household spending in more than four years, even as...

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Goldman Sachs: Some 90 Pct Of Businesses Have Depleted PPP Monies
Goldman Sachs: Some 90 Pct Of Businesses Have Depleted PPP Monies
December 15, 2020  |  Loans

Small firms recently surveyed by Goldman Sachs indicated that small and mid-sized businesses (SMBs) are desperately in need of another round of emergency Paycheck Protection...

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Economists Predict Post-COVID Rebound, But Many Digital Shifts Will Remain 
Economists Predict Post-COVID Rebound, But Many Digital Shifts Will Remain 
December 15, 2020  |  Payments Innovation

This week’s start of U.S. COVID-19 vaccinations has economists predicting a big rebound for 2021, but PYMNTS data show that plenty of consumers’ pandemic-era changes...

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Warren Buffett Calls On Congress To Provide More PPP For Small Businesses
Warren Buffett Calls On Congress To Provide More PPP For Small Businesses
December 15, 2020  |  Economy

Berkshire Hathaway Chairman Warren Buffett is calling on Congress to provide more Paycheck Protection Program (PPP) loans to small businesses to help them survive the...

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Marriott Slashes Staff at NYC’s Times Square Hotel
Marriott Slashes Staff at NYC’s Times Square Hotel
December 15, 2020  |  Personnel

The pandemic has hammered the hotel industry right from the start. Marriott International, for example, furloughed “tens of thousands” of workers back in March as...

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Stimulus Bill Could Suffer If Individual Checks Are Left Out, Experts Say
Stimulus Bill Could Suffer If Individual Checks Are Left Out, Experts Say
December 14, 2020  |  Economy

The efforts to pass a new stimulus bill are still ongoing, with lawmakers possibly deciding soon on a $908 billion bill, but a sticking point...

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US Lawmakers Split Stimulus Proposal Into 2 Plans To Work Out Deal
US Lawmakers Split Stimulus Proposal Into 2 Plans To Work Out Deal
December 13, 2020  |  Economy

American lawmakers, after months at an impasse over what would be included in a stimulus bill, have decided to split the bill into two separate...

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