economy

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

Neiman Marcus Reportedly Working On Bankruptcy Plan
Neiman Marcus Reportedly Working On Bankruptcy Plan
April 19, 2020  |  Retail

The coronavirus has pushed Neiman Marcus to the point of bankruptcy, the first major store in the U.S. to topple due to the pandemic, according...

READ MORE >
The Great Reopening 101: What We Know About The Phased Return To ‘Normal’ So Far
The Great Reopening 101: What We Know About The Phased Return To ‘Normal’ So Far
April 19, 2020  |  Coronavirus

The U.S. economy has been for all intents and purposes shut down due to the global coronavirus pandemic for the last four to six weeks,...

READ MORE >
Clothing Brands Want Steep Vendor Discounts To Keep Orders
Clothing Brands Want Steep Vendor Discounts To Keep Orders
April 19, 2020  |  B2B Payments

Big-name clothing brands are either canceling orders or demanding big discounts from manufacturers in Bangladesh, a South Asian country that is already deeply suffering because...

READ MORE >
Restaurants And Insurers Square Off In Battle Over Pandemic Payments
Restaurants And Insurers Square Off In Battle Over Pandemic Payments
April 19, 2020  |  Economy

A lobbying effort has pitted the restaurant industry against insurers as the American economy attempts to find its way out of the coronavirus pandemic, according...

READ MORE >
24 Hour Fitness May File For Bankruptcy Amid Pandemic
24 Hour Fitness May File For Bankruptcy Amid Pandemic
April 19, 2020  |  Economy

Fitness chain 24 Hour Fitness is looking at a possible bankruptcy due to the coronavirus, as well as mounting debt concerns and the fact that...

READ MORE >
Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
April 19, 2020  |  Loans

Tom Donohue, CEO of the U.S. Chamber of Commerce, is urging Congress to finish up a plan for the next round of stimulus spending by...

READ MORE >
Today In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First GDP Decline In China
Today In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First GDP Decline In China
April 17, 2020  |  News

In today’s top news, Uber withdrew 2020 guidance as it anticipate revenue decline, and China’s economy will record its first-ever GDP loss. Plus, banks can...

READ MORE >
China’s GDP Drop Creates Global Ripple Effects For Retail
China’s GDP Drop Creates Global Ripple Effects For Retail
April 17, 2020  |  International

What will the ripple effects be for retailers (in the U.S. and around the globe) as China’s economy shrinks? Get the Full Story Complete the...

READ MORE >
The Rocky Road To Recovery: Cashless And Contactless, The Credit Crunch And A Community Effort
The Rocky Road To Recovery: Cashless And Contactless, The Credit Crunch And A Community Effort
April 17, 2020  |  News

As the COVID-19 crisis is now stretching toward the two-month mark, the size of its impact to the economy is becoming more well-defined and worrisome....

READ MORE >