economy

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

China’s Alibaba Loans Near $3B To Coronavirus-Affected Firms

China’s Alibaba Loans Near $3B To Coronavirus-Affected Firms
China’s Alibaba Loans Near $3B To Coronavirus-Affected Firms
February 18, 2020  |  International

Alibaba said on Monday (Feb. 17) that ㍐20 billion ($2.86 billion) is available in loans via its affiliate, Ant Financial’s MYBank, to help companies affected...

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EU Braces For Coronavirus’ Impact On PMI
EU Braces For Coronavirus’ Impact On PMI
February 16, 2020  |  International

China’s coronavirus is having a negative impact on the eurozone’s already-sluggish economy, and no one is confident that the U.S. Fed will leave interest rates...

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Gov’t: US Manufacturing Spend Dips As US Consumer Spending Rises
Gov’t: US Manufacturing Spend Dips As US Consumer Spending Rises
February 16, 2020  |  Economy

A warm January led to utilities dropping 4 percent for the month as Americans reduced their reliance on heat, according to The Wall Street Journal....

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2020 Economy Off To A Slow Start
2020 Economy Off To A Slow Start
February 14, 2020  |  Economy

Both factory output and a key measurement statistic for retail sales were down in January, signaling a slow start to the economy this year, according...

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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News
Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News
February 14, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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Consumer Spending Drives Jan. Retail Sales Boost
Consumer Spending Drives Jan. Retail Sales Boost
February 14, 2020  |  Retail

With data indicating that consumer spending is still strong, retail sales – which are an indication of purchases at restaurants, stores and online – rose...

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SMB Poll: Bloomberg Can Defeat Trump
SMB Poll: Bloomberg Can Defeat Trump
February 12, 2020  |  B2B Payments

A recent poll of small business owners in the U.S. shows that they believe only presidential candidate Mike Bloomberg can beat President Donald Trump, according...

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Household Debt Exceeds $14T After 2019 Spike
Household Debt Exceeds $14T After 2019 Spike
February 11, 2020  |  Debt

Household debt in the U.S. has reached a 12-year high, rising more than $600 billion last year –the highest since right before the financial crisis...

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Countries Brace For Global Economic Impact Of Coronavirus
Countries Brace For Global Economic Impact Of Coronavirus
February 11, 2020  |  International

Canada Finance Minister Bill Morneau said that the coronavirus is probably going to have a “real” impact on that country’s economy, according to a report...

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