economy

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

Job Losses Mount As New Unemployment Claims Hit Nearly 3M

Job Losses Mount As New Unemployment Claims Hit Nearly 3M
Job Losses Mount As New Unemployment Claims Hit Nearly 3M
May 14, 2020  |  Economy

People are continuing to file for unemployment benefits as job losses continue to mount amid the coronavirus pandemic, which is upending the economy and everyday...

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Goldman: US Unemployment Rate Could Hit 25 Pct
Goldman: US Unemployment Rate Could Hit 25 Pct
May 14, 2020  |  Economy

Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due...

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Survey: US Consumers Bargain Hunting, Not Hoarding Now
Survey: US Consumers Bargain Hunting, Not Hoarding Now
May 13, 2020  |  Retail

When the coronavirus pandemic struck the nation two months ago, panicked customers stockpiled paper goods, shelf-stable foods and other essentials as states shut down. Get...

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Today In Payments: New Research Shows 100K+ SMBs Won’t Recover; Uber, Grubhub Combo Would Create Delivery Giant
Today In Payments: New Research Shows 100K+ SMBs Won’t Recover; Uber, Grubhub Combo Would Create...
May 13, 2020  |  News

In today’s top news, new research shows that more than 100,000 SMBs will fold due to the pandemic, and Uber has reportedly made an offer...

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Why This Recovery Will Not Be Brought To You By The Letter V
Why This Recovery Will Not Be Brought To You By The Letter V
May 13, 2020  |  Economy

Never before in history have so many people looked to the alphabet to model the shape of their economic future. That the economy has taken...

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Fed’s Powell Expects Substantial Recovery Post-COVID
Fed’s Powell Expects Substantial Recovery Post-COVID
May 13, 2020  |  Economy

Federal Reserve Board Chairman Jerome Powell said that while Washington’s nearly $3 trillion economic response to the coronavirus is on target, it will likely not...

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National Retailers Paid Only 58 Pct Of April’s Billed Rent
National Retailers Paid Only 58 Pct Of April’s Billed Rent
May 13, 2020  |  Retail

With retail rent collection dropping precipitously, a new report found that 21 percent of 135 big chains weren’t paying any rent, or were paying only...

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New Research Shows 100K+ SMBs Won’t Recover From COVID-19 Pandemic 
New Research Shows 100K+ SMBs Won’t Recover From COVID-19 Pandemic 
May 13, 2020  |  SMBs

The ongoing coronavirus pandemic will cause the death of more than 100,000 small and medium-sized businesses (SMBs), triggering a tsunami of bankruptcies nationwide, new research...

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House Dems Propose $3 Trillion Relief Package
House Dems Propose $3 Trillion Relief Package
May 12, 2020  |  Economy

House Democrats unveiled a $3 trillion spending package for more coronavirus aid on Tuesday (May 12), including more money for individuals affected by the shutdown,...

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