economy

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

Chinese Consumers Resume Buying Luxury Brands

Chinese Consumers Resume Buying Luxury Brands
Chinese Consumers Resume Buying Luxury Brands
September 01, 2020  |  Cross-border Payments

Chinese consumers who have the money to spend are doing exactly that on retail splurges — but that hasn’t translated evenly across all sectors of...

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Fed’s Brainard: Additional Stimulus Required To Counter Pandemic Effects
Fed’s Brainard: Additional Stimulus Required To Counter Pandemic Effects
September 01, 2020  |  Economy

A Federal Reserve governor said Tuesday (Sept. 1) that the central bank has to launch initiatives “in coming months” to assist the economy in surmounting...

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Report: Job Growth In Next Decade Predicted Slower Than Great Recession
Report: Job Growth In Next Decade Predicted Slower Than Great Recession
September 01, 2020  |  Economy

U.S. employment is projected to increase by 6 million jobs over the decade from 2019 through 2029. Get the Full Story Complete the form to...

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Evictions Loom As A Fresh Blow To Brick-And-Mortar Retailers
Evictions Loom As A Fresh Blow To Brick-And-Mortar Retailers
September 01, 2020  |  Retail

Will the death of brick-and-mortar retail come through the courts? Perhaps call it “death by several thousand evictions.” Get the Full Story Complete the form to...

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US Corporations Owe Creditors Record $10.5T In Debt
US Corporations Owe Creditors Record $10.5T In Debt
September 01, 2020  |  Debt

The pandemic has fueled a record $10.5 trillion debt owed to creditors by U.S. corporations, 30 times the debt of 50 years ago, MarketWatch reported,...

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Delta, American Join United In Eliminating Change Fees In US
Delta, American Join United In Eliminating Change Fees In US
August 31, 2020  |  Travel Payments

Delta Air Lines and American Airlines, looking to draw customers back during the pandemic, are dropping change fees for domestic flights, CNBC reported Monday (Aug....

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India’s GDP Shrinks 24 Pct In Second Quarter
India’s GDP Shrinks 24 Pct In Second Quarter
August 31, 2020  |  Cross-border Payments

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according...

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Pinterest Pays $89.5M To Cancel New Office Lease As Employees Work At Home
Pinterest Pays $89.5M To Cancel New Office Lease As Employees Work At Home
August 31, 2020  |  Real Estate

Pinterest is canceling its upcoming lease to move into a San Francisco office that it doesn’t need because its workers will be working from home,...

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