economy

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

US Adds 661,000 Jobs, Unemployment Rate Falls To 7.9 Pct

US Adds 661,000 Jobs, Unemployment Rate Falls To 7.9 Pct
US Adds 661,000 Jobs, Unemployment Rate Falls To 7.9 Pct
October 02, 2020  |  Economy

The nation’s economy added 661,000 jobs in September as the unemployment rate fell slightly to 7.9 percent, down from 8.4 percent in August, the U.S....

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Lack Of Federal Aid Could Contribute To More Layoffs
Lack Of Federal Aid Could Contribute To More Layoffs
October 02, 2020  |  Economy

The inability of lawmakers and the White House to pass a new stimulus relief package has fueled layoffs as companies say they can’t afford payroll,...

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Online Auto Sales Are Where The Rubber Meets The Road
Online Auto Sales Are Where The Rubber Meets The Road
October 02, 2020  |  eCommerce

The auto market in general is coming off of some pretty deep nadirs. But the great digital shift to online sales has some road ahead,...

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Latest Economic Data Sends Mixed Signals About Consumer Holiday Spend
Latest Economic Data Sends Mixed Signals About Consumer Holiday Spend
October 01, 2020  |  Retail

Hopes for fresh signs of strength heading into the holiday shopping season were crimped Thursday (Oct. 1) after the first major data report of the...

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Goldman Eyes Cutting 1 Pct Of Workforce
Goldman Eyes Cutting 1 Pct Of Workforce
September 30, 2020  |  Personnel

Goldman Sachs plans to move forward with a “modest number of layoffs,” according to a company spokesperson on Wednesday (Sept. 30), meaning around 400 people,...

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COVID Restrictions Leave Second-Hand Clothing Market Bursting At The Seams
COVID Restrictions Leave Second-Hand Clothing Market Bursting At The Seams
September 30, 2020  |  Economy

Dwindling sales and mounting donations have spelled doom for the market for buying recycled clothing, Reuters reported. Get the Full Story Complete the form to...

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UK Faces $30B In COVID Loan Losses
UK Faces $30B In COVID Loan Losses
September 30, 2020  |  Cross-border Payments

The U.K. government now estimates its losses from the pandemic could hit 23 billion pounds (about $30 billion), Bloomberg reported, coming from loans used to...

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Mnuchin, Pelosi Fall Short Of Agreeing On New Stimulus Deal
Mnuchin, Pelosi Fall Short Of Agreeing On New Stimulus Deal
September 30, 2020  |  Economy

Despite talks over a two-day period to reach a compromise on a new stimulus package, House Speaker Nancy Pelosi (D-California) and Treasury Secretary Steven Mnuchin failed to...

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