economy

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

Treasurers Step Into Spotlight as Strategic Backbone of 21st Century Businesses
Treasurers Step Into Spotlight as Strategic Backbone of 21st Century Businesses
December 02, 2024  |  B2B Payments

In the corridors of power that govern corporate strategy, treasurers have long worked in relative obscurity. Their desks are often buried in spreadsheets, their emails...

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Bank of England Seeks Ability to Lend to Non-Bank Financial Institutions
Bank of England Seeks Ability to Lend to Non-Bank Financial Institutions
November 29, 2024  |  Economy

The Bank of England aims to develop the ability to lend to non-bank financial institutions (NBFIs). It is doing so to address potential liquidity challenges in...

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October’s Surprise: Inflation Heats Up While GDP Cools Down
October’s Surprise: Inflation Heats Up While GDP Cools Down
November 27, 2024  |  Economy

The Personal Consumption Expenditures Price Index for October showed a re-ignition of inflation. The PCE increased at an annualized 2.3% rate, which is a quickening...

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Latest GDP Data Indicates Continuing Pressures on Disposable Income
Latest GDP Data Indicates Continuing Pressures on Disposable Income
November 27, 2024  |  Economy

The Bureau of Economic Analysis confirmed Wednesday (Nov. 27) that third-quarter GDP grew at a 2.8% rate, unchanged from a previous estimate. However, there are...

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IKEA’s Lead Franchisee’s Profits Fall as It Prioritizes Affordability
IKEA’s Lead Franchisee’s Profits Fall as It Prioritizes Affordability
November 27, 2024  |  Retail

IKEA’s biggest retailer has seen profits plunge after cutting costs to attract wary customers. Ingka Group, which runs stores that account for 90% of the furniture...

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UK’s FCA Seeks Comments on Streamlining Investor Protection Rules
UK’s FCA Seeks Comments on Streamlining Investor Protection Rules
November 27, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority launched a consultation on proposals to transfer firm-facing requirements of the Markets in Financial Instruments Directive Organisational Regulation (MiFID...

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Luxury Brands Shed 50 Million Customers as Prices Climb
Luxury Brands Shed 50 Million Customers as Prices Climb
November 27, 2024  |  Retail

Luxury brands have shed roughly 50 million customers over two years as shoppers seek lower prices. A report Wednesday (Nov. 27) by The Wall Street Journal —...

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Ross, TJX and Gap Pivot as Consumer Spending Shift Poses Challenges
Ross, TJX and Gap Pivot as Consumer Spending Shift Poses Challenges
November 26, 2024  |  Retail

As consumers remain cautious with their spending amid ongoing economic pressures, leading retail companies encountered a mixed landscape in the third quarter. Ross Stores, TJX...

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November Consumer Confidence Jumps, but Spending Plans Mixed
November Consumer Confidence Jumps, but Spending Plans Mixed
November 26, 2024  |  Consumer Insights

Headed into Black Friday, consumers are more positive than they have been in months. That’s among the takeaways from the latest reading of The Conference...

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