economy

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

Salesforce Orders Some 1,000 Layoffs Despite Great Earnings And Record Stock Price

Salesforce Orders Some 1,000 Layoffs Despite Great Earnings And Record Stock Price
Salesforce Orders Some 1,000 Layoffs Despite Great Earnings And Record Stock Price
August 26, 2020  |  Economy

Salesforce is cutting around 1,000 jobs, or 2 percent of its workforce, despite a massive earnings report that raised the company’s stock, CNBC reported. The...

READ MORE >
Republicans Ready A More Modest Stimulus Bill
Republicans Ready A More Modest Stimulus Bill
August 26, 2020  |  Economy

Republican lawmakers are aiming to release a narrower pandemic stimulus bill as soon as this week, CNBC reported. Get the Full Story Complete the form...

READ MORE >
Real Estate Mogul Sam Zell Foresees More Retail Pain
Real Estate Mogul Sam Zell Foresees More Retail Pain
August 26, 2020  |  Real Estate

Real estate mogul Sam Zell, who learned the hard way about investing in troubled industries after buying and temporarily owning the Chicago Tribune even as...

READ MORE >
Las Vegas Casino Revenue Drops Almost 40 Pct In July
Las Vegas Casino Revenue Drops Almost 40 Pct In July
August 26, 2020  |  Economy

As a sign that Las Vegas is grappling with bringing customers back, casino revenue on the Strip plunged nearly 40 percent to just over $330...

READ MORE >
11.3 Pct Hike In Auto Sales Drives Durable Goods Growth In July
11.3 Pct Hike In Auto Sales Drives Durable Goods Growth In July
August 26, 2020  |  Economy

Americans made virtual trips to car showrooms in July as new orders for manufactured durable goods, products lasting three years or more, increased by 11.2...

READ MORE >
World Economic Forum Pushes Davos Summit To Next Summer
World Economic Forum Pushes Davos Summit To Next Summer
August 26, 2020  |  Economy

The COVID-19 crisis has derailed plans to hold the World Economic Forum’s Davos event in January 2021. The organization announced on Wednesday (Aug. 26) that the...

READ MORE >
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
August 25, 2020  |  Loans

Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to seek forbearance due to the current economic crisis, The Wall Street...

READ MORE >
Consumer Switch To eCommerce Prompts UK Retailers To Slash Jobs
Consumer Switch To eCommerce Prompts UK Retailers To Slash Jobs
August 25, 2020  |  Economy

Retail employment in the U.K. has dropped 45 percent since May in the sharpest fall it has taken since the 2009 recession, the Confederation of...

READ MORE >