economy

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

EU Consumer Confidence Declines To Lowest Point Since December
EU Consumer Confidence Declines To Lowest Point Since December
October 24, 2019  |  Europe

Data shows that consumer confidence in the European Union has fallen to its lowest level since the end of last year. Get the Full Story...

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Sen. Warren Presses Mnuchin On Recent Issues In Repo Markets
Sen. Warren Presses Mnuchin On Recent Issues In Repo Markets
October 22, 2019  |  Regulation

Recent short-term, or repo, lending issues have Sen. Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations on the banking...

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Study: FIs Must Be Stronger To Prepare For Economic Slump
Study: FIs Must Be Stronger To Prepare For Economic Slump
October 22, 2019  |  Banking

McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported on Monday (Oct....

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Tariffs, Trade Tensions Impact Auto Shipping
Tariffs, Trade Tensions Impact Auto Shipping
October 21, 2019  |  Economy

The lingering impacts of various trade wars are refashioning supply chains and slowing the flow of goods across borders and across various logistics corridors —...

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Top News In Payments: PayPal To Roll Out Venmo Credit Card; Mastercard Teams With WHSmith For Pay By Bank
Top News In Payments: PayPal To Roll Out Venmo Credit Card; Mastercard Teams With WHSmith...
October 18, 2019  |  News

Today in the payment’s news roundup, PayPal is teaming with Synchrony Financial to put forward a Venmo co-branded credit card next year. Also, Mastercard is...

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Despite China’s Slowing Economy, Credit Demand Still Strong
Despite China’s Slowing Economy, Credit Demand Still Strong
October 18, 2019  |  International

Chinese online finance giant Ant Financial, headed by billionaire Jack Ma, is seeing an uptick in the desire for credit among small and medium businesses...

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China’s GDP Near 30-Year Low As Trade War Impacts Factory Work
China’s GDP Near 30-Year Low As Trade War Impacts Factory Work
October 18, 2019  |  International

Economic growth in China is at a near-30-year low in the third quarter as tariffs start to negatively affect factory production, Reuters reported on Thursday...

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David Marcus Threatens That China Will Win If Libra Fails
David Marcus Threatens That China Will Win If Libra Fails
October 17, 2019  |  Cryptocurrency

David Marcus, the executive in charge of Facebook’s proposed cryptocurrency, Libra, said if Libra fails, the U.S. could fall behind China in the race for...

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Retail Sales Slump Raises Questions About Consumer Spending
Retail Sales Slump Raises Questions About Consumer Spending
October 16, 2019  |  Economy

One of the laws of physics, loosely phrased, is that an object in motion stays in motion, on its path, until outside forces act to...

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