economy

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

Banks’ Margins Suffer As US Consumers Pay Down Credit Card Debt

Banks’ Margins Suffer As US Consumers Pay Down Credit Card Debt
Banks’ Margins Suffer As US Consumers Pay Down Credit Card Debt
November 15, 2020  |  Debt

U.S. consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank...

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Stake In The Game: Real Estate Developer Sees ‘Rentership’ As New Path To Homeownership
Stake In The Game: Real Estate Developer Sees ‘Rentership’ As New Path To Homeownership
November 13, 2020  |  Real Estate

Homeownership is still the best, largest and often only major investment that most Americans make. But price fluctuations, skyrocketing taxes and hefty maintenance costs have...

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Stimulus Future Still Uncertain After Election
Stimulus Future Still Uncertain After Election
November 12, 2020  |  Economy

The status of a new stimulus bill is still up in the air as Senate Majority Leader Mitch McConnell has again balked at Democrats’ urging...

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Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?
Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?
November 12, 2020  |  Economy

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are...

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New Unemployment Claims Down 48K To 709K
New Unemployment Claims Down 48K To 709K
November 12, 2020  |  Economy

Another 709,000 Americans filed for first-time unemployment benefits the week ending Nov. 7, a decrease of 48,000 over the prior week. Get the Full Story...

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Fed’s Rosengren Looks To Second Half Of 2021 For ‘Robust Growth’
Fed’s Rosengren Looks To Second Half Of 2021 For ‘Robust Growth’
November 11, 2020  |  Economy

Federal Reserve Bank of Boston President Eric Rosengren said he doesn’t think the next few months will be necessarily easy on the economy in spite...

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As Lenders Tighten Standards, Defaults On The Horizon?
As Lenders Tighten Standards, Defaults On The Horizon?
November 11, 2020  |  Banking

Amid the continued grappling with the economic headwinds of the coronavirus, lenders are navigating choppy waters — but defaults may loom. Get the Full Story...

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Philly Fed Chief: Workers Need New Skills For Economic Growth
Philly Fed Chief: Workers Need New Skills For Economic Growth
November 10, 2020  |  Economy

Job retraining and new skill sets are necessary in order to promote economic growth in the U.S., Patrick Harker, president of the Federal Reserve Bank...

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