economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs
Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs
July 15, 2024  |  Personnel

Salesforce reportedly cut about 300 jobs in July after eliminating 700 roles earlier this year. The latest cuts are part of the company’s ongoing effort to...

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China’s Economic Growth Shows Surprise Slowdown
China’s Economic Growth Shows Surprise Slowdown
July 15, 2024  |  International

Economic growth in China reportedly fell to its slowest pace in five quarters. The surprise slowdown came as a decline in consumer spending hamstrung an...

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What We’ve Learned Tracking the 100 Connected Economy Leaders Since 2022
What We’ve Learned Tracking the 100 Connected Economy Leaders Since 2022
July 15, 2024  |  Connected Economy

The Connected Economy (CE) 100 Stock Index was launched in February 2022. It was introduced as an equity index of 100 publicly traded companies across 11...

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Finance Platform OneStream Aims to Raise $465.5 Million in IPO
Finance Platform OneStream Aims to Raise $465.5 Million in IPO
July 15, 2024  |  IPO

OneStream is attempting to raise $465.5 million in an initial public offering (IPO). The cloud-based enterprise finance platform revealed its plans in a filing with...

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Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
July 15, 2024  |  Earnings

Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing. Its latest earnings results, released Monday (July...

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Corporate Bankruptcies Surge as Consumers Cut Back
Corporate Bankruptcies Surge as Consumers Cut Back
July 14, 2024  |  Economy

U.S. corporate bankruptcies are at a level not seen since the early days of COVID. So far this year, there have been 346 business bankruptcy...

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Wholesale Prices Rose 0.2% in June, Exceeding Economists’ Expectations
Wholesale Prices Rose 0.2% in June, Exceeding Economists’ Expectations
July 12, 2024  |  Economy

The Producer Price Index (PPI), which measures wholesale prices, rose in June after seeing no change in May. Final demand prices rose 0.2% in June...

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Report: StubHub Delays IPO Amid Unpredictable Market
Report: StubHub Delays IPO Amid Unpredictable Market
July 12, 2024  |  IPO

StubHub has reportedly delayed its initial public offering (IPO) until at least September, joining several other companies that have done so because of an unpredictable...

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Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
July 12, 2024  |  Earnings

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers...

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