economy

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

Report: Taxpayers Face $400B Hit On Bad Student Loans

Report: Taxpayers Face $400B Hit On Bad Student Loans
Report: Taxpayers Face $400B Hit On Bad Student Loans
November 22, 2020  |  Economy

U.S. taxpayers stand to absorb a hit of about $435 billion from borrowers’ failure to repay student loans currently on the federal government’s book, the...

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Vaccine May Spark Inflation Jump As Consumers Spend More
Vaccine May Spark Inflation Jump As Consumers Spend More
November 22, 2020  |  Economy

Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining...

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JPMorgan: Spiking COVID-19 Signals Likely Q1 GDP Slump
JPMorgan: Spiking COVID-19 Signals Likely Q1 GDP Slump
November 20, 2020  |  Economy

A growing wave of coronavirus cases and related restrictions could trigger a decline in first-quarter gross domestic product (GDP), J.P. Morgan economists said in a...

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Ex-Fed Chair Greenspan: Controlling COVID Is The Only Way To Save Economy
Ex-Fed Chair Greenspan: Controlling COVID Is The Only Way To Save Economy
November 20, 2020  |  Economy

Former Federal Reserve Chairman Alan Greenspan said he’s “never seen anything like” the economic challenges incoming President-elect Joe Biden will face amid the pandemic, CNN...

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CDC Advises Against Thanksgiving Travel
CDC Advises Against Thanksgiving Travel
November 19, 2020  |  Economy

The Centers for Disease Control and Prevention (CDC) has come out with a warning against Americans traveling home for the Thanksgiving holiday, The Wall Street...

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Weekly U.S. Jobless Claims Rise Slightly To 742,000 Even As Many Face Losing Benefits
Weekly U.S. Jobless Claims Rise Slightly To 742,000 Even As Many Face Losing Benefits
November 19, 2020  |  Economy

New jobless claims ticked upwards last week, with 742,000 people filing for benefits while COVID-19 cases continued to accelerate in the U.S.   Get the Full...

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Amex Study: Social Media Shout-Outs Could Pump $197B Into SMB Economy
Amex Study: Social Media Shout-Outs Could Pump $197B Into SMB Economy
November 18, 2020  |  SMBs

As the holidays grow closer, American Express says research has shown that social media promotions and engagement could be a big boost for this year’s...

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Bidenomics: Four Things To Watch For Financial Services
Bidenomics: Four Things To Watch For Financial Services
November 18, 2020  |  Economy

There are no easy economic fixes ahead when former Vice President Joe Biden takes office as president. Jobless claims are receding, but still stubbornly high. Vaccines are...

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