economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Credit Card Delinquencies Slip as Charge-Offs Keep Rising
Credit Card Delinquencies Slip as Charge-Offs Keep Rising
March 25, 2024  |  Credit Cards

Credit card delinquencies fell slightly last month while net charge-offs continued with their upward trajectory. That’s according to a report Monday (March 25) by Seeking...

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Walmart and Amazon Compete for Deal-Seeking Electronics Customers
Walmart and Amazon Compete for Deal-Seeking Electronics Customers
March 22, 2024  |  Retail

Walmart is looking to MacBooks to drive up its share of consumer electronics spending as Amazon continues to widen its lead in the category. The...

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Budget-Strapped Consumers Less Likely to Splurge on Fancy Yoga Pants
Budget-Strapped Consumers Less Likely to Splurge on Fancy Yoga Pants
March 21, 2024  |  Retail

As consumers continue to feel the economic pressures, Lululemon is seeing shoppers spend more cautiously. The athletic apparel retailer saw challenges in the United States,...

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FTC Says Grocery Giants Profited From Pandemic-Era Supply Chain Problems
FTC Says Grocery Giants Profited From Pandemic-Era Supply Chain Problems
March 21, 2024  |  Economy

Large players in the grocery industry took advantage of the pandemic’s supply chain problems to raise prices and profits and keep them high. So said...

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PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’
PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’
March 20, 2024  |  Earnings

PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.”...

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Shell Divesting 1,000 Retail Locations as Convenience Stores Take a Hit
Shell Divesting 1,000 Retail Locations as Convenience Stores Take a Hit
March 19, 2024  |  Retail

Shell is offloading retail locations in a shift to B2B, as across the convenience retail industry, key players are feeling the impacts of ongoing economic...

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As Shoppers Cut Back, Retailers Focus on Big Spenders
As Shoppers Cut Back, Retailers Focus on Big Spenders
March 18, 2024  |  Retail

With economic pressures squeezing the lower and middle classes’ budgets, brands and retailers are setting their sights on the shoppers who still have cash to...

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Inflation Puts Consumers on Alert for Discounts
Inflation Puts Consumers on Alert for Discounts
March 18, 2024  |  Consumer Insights

Consumers closed 2023 by increasing their spending — nearly 7% more over what they spent the previous year, according to PYMNTS intelligence data — indicating...

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Stubborn Inflation Weighs on Consumer Attitudes and Spending
Stubborn Inflation Weighs on Consumer Attitudes and Spending
March 15, 2024  |  Economy

Call it status quo — and maybe a sense of ennui? The latest, preliminary readings of consumer sentiment for the month of March, issued Friday...

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