economy

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

Grab Wants Staffers To Accept Unpaid Leave, Decreased Hours
Grab Wants Staffers To Accept Unpaid Leave, Decreased Hours
April 30, 2020  |  International

Grab Holdings Inc. has started to request that workers accept decreased hours or take a leave without pay so the company can steer clear of...

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Today In Payments: Economists Warn Recession Recovery Will Be Slow; Facebook Daily Active Users Surge 11 Pct YoY
Today In Payments: Economists Warn Recession Recovery Will Be Slow; Facebook Daily Active Users Surge...
April 30, 2020  |  News

In today’s top news, economists warn that the economic downturn isn’t finished yet, and Facebook reported better than expected earnings. Plus, the Federal Reserve is...

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Economic Data Show ‘One-Two Punch’ For Consumer Spending Rebound?
Economic Data Show ‘One-Two Punch’ For Consumer Spending Rebound?
April 30, 2020  |  Economy

Economic data released Thursday (April 30) may hint at a “one-two punch” for consumer spending — indicating a reluctance to spend now, yes, but paycheck...

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March Consumer Spending Sees Sharpest Drop On Record
March Consumer Spending Sees Sharpest Drop On Record
April 30, 2020  |  Economy

Consumer spending in the U.S. plummeted 7.5 percent in March, the steepest drop in 61 years, as the coronavirus pandemic continues to ravage personal income,...

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Another 3.8 Million Americans File Jobless Claims, Bringing COVID Total Above 30 Million
Another 3.8 Million Americans File Jobless Claims, Bringing COVID Total Above 30 Million
April 30, 2020  |  Coronavirus

COVID-19 continues to take its toll on the nation’s economy, as another 3.8 million Americans filed for jobless claims week ended April 25, the U.S....

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Economists Warn Recession Recovery Will Be Slow
Economists Warn Recession Recovery Will Be Slow
April 30, 2020  |  Economy

The coronavirus pandemic has triggered the biggest drop in the U.S. economy since the Great Recession, and economists are warning that the worst is yet...

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Trump Seeks Advice Of Waffle House, Hilton And Other Execs About US Reopening
Trump Seeks Advice Of Waffle House, Hilton And Other Execs About US Reopening
April 29, 2020  |  Economy

Representatives from Toyota, Hilton, Wynn and Waffle House, among others, were said to have met with President Donald Trump Wednesday (April 29) to discuss the...

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China Reopens But Consumer Spending Remains Weak
China Reopens But Consumer Spending Remains Weak
April 29, 2020  |  Economy

Factories reopen. Supply chains re-linked. Businesses operating — on site. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Powell: Low Rates Stay Until Economy Is On ‘Road To Recovery’
Powell: Low Rates Stay Until Economy Is On ‘Road To Recovery’
April 29, 2020  |  Economy

Federal Reserve Chairman Jerome Powell said Wednesday (April 29) that the Fed will “not be in any hurry to withdraw [monetary stimulus] … until we’re...

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