economy

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

Discounts Kickstart Economy As China Reopens, Urging People To Spend
Discounts Kickstart Economy As China Reopens, Urging People To Spend
March 25, 2020  |  Coronavirus

Businesses are offering steep discounts to encourage people to spend as China starts to reopen for business following the coronavirus pandemic that put the country...

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Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus
Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus
March 24, 2020  |  Economy

One of the first Federal Reserve reports to measure the U.S. economy since the coronavirus pandemic began is pointing to a grim future. The Philadelphia...

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JPMC Freezes New Hires Given COVID-19 Crisis
JPMC Freezes New Hires Given COVID-19 Crisis
March 24, 2020  |  Coronavirus

JPMorgan Chase & Co has announced it will be instituting a hiring freeze throughout most of the company to help stop the spread of the...

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First Online-Only Bank Opens In Hong Kong
First Online-Only Bank Opens In Hong Kong
March 24, 2020  |  Digital Banking

The first online bank in Hong Kong, ZA Bank, opened on Tuesday (March 24), according to reports. The bank is a unit of China’s ZhongAn Online...

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Global Retail Demand Starts To Take A Hit
Global Retail Demand Starts To Take A Hit
March 24, 2020  |  Coronavirus

The supply chain has withstood its crisis stress test, as seen in the maintenance of inventory by Overstock.com, most supermarket products and the resumption of...

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Zillow Suspends Homebuying With Zillow Offers
Zillow Suspends Homebuying With Zillow Offers
March 23, 2020  |  Coronavirus

Possible homebuyers are reportedly expected to delay their purchases and open houses have been called off, as consumers remain in their residences to slow the...

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Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation
Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict...
March 23, 2020  |  News

In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict...

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Fed To Offer Credit Help To Stem Economic Losses For Business, Households
Fed To Offer Credit Help To Stem Economic Losses For Business, Households
March 23, 2020  |  Coronavirus

The U.S. Federal Reserve said on Monday (March 23) that it would support a large range of credit for not only households, but big employers...

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Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
March 23, 2020  |  Coronavirus

The Federal Reserve launched a massive aid package on Monday (March 23) to prop up the coronavirus-devastated U.S. economy, unveiling up to $300 billion in...

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