economy

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

US Consumers’ FICO Score Hits Highest Since 2005

US Consumers’ FICO Score Hits Highest Since 2005
US Consumers’ FICO Score Hits Highest Since 2005
October 18, 2020  |  Economy

The COVID-19 pandemic has produced one ray of sunshine amid otherwise devastatingly dark clouds: Consumer credit scores have improved in recent months to the point...

READ MORE >
Lagarde: New COVID Restrictions Will Mean More Financial Aid
Lagarde: New COVID Restrictions Will Mean More Financial Aid
October 18, 2020  |  Economy

Recent restrictions on day-to-day life from the COVID-19 pandemic will also have to come with financial aid, according to European Central Bank President Christine Lagarde,...

READ MORE >
US Senate To Vote Wednesday On More COVID-19 Relief
US Senate To Vote Wednesday On More COVID-19 Relief
October 18, 2020  |  Economy

U.S. Senate Majority Leader Mitch McConnell (R-Ky.) has scheduled a vote for Wednesday on a $500 billion federal COVID-19 relief package that falls well short...

READ MORE >
PPP, SMBs And The Challenges Of KYC
PPP, SMBs And The Challenges Of KYC
October 16, 2020  |  Loans

The House Select Subcommittee on the Coronavirus Crisis found the U.S. Treasury Department encouraged banks to prioritize existing customers applying for PPP loans — allegedly...

READ MORE >
Retail Sales Beat Forecasts, Spiking Highest Level Since June
Retail Sales Beat Forecasts, Spiking Highest Level Since June
October 16, 2020  |  Economy

Monthly retail sales hit $549.3 billion, up 1.9 percent in September, the biggest spike in three months, and the fifth month of increases, according to...

READ MORE >
Retail Sales, Card Data Point To Continued Consumer Spending Rebound
Retail Sales, Card Data Point To Continued Consumer Spending Rebound
October 16, 2020  |  Economy

The latest retail sales numbers indicate U.S. consumer spending is up, with increases in categories across the board.  Get the Full Story Complete the form...

READ MORE >
Study Shows Americans Struggling As Savings Dry Up
Study Shows Americans Struggling As Savings Dry Up
October 16, 2020  |  Economy

Seven months into the worldwide pandemic, Americans are facing empty savings accounts, reduced unemployment benefits and no relief in sight, according to an Oct. 16...

READ MORE >
European Central Bank Chief Lagarde Pledges Boost For EU Economy If COVID-19 Escalates
European Central Bank Chief Lagarde Pledges Boost For EU Economy If COVID-19 Escalates
October 15, 2020  |  Economy

As Europe braces for a dreaded second wave of COVID-19, European Central Bank President Christine Lagarde is pledging to ride to the rescue with a...

READ MORE >