economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
June 28, 2024  |  Economy

The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those...

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Insured Unemployment Number Reaches Highest Level Since 2021
Insured Unemployment Number Reaches Highest Level Since 2021
June 27, 2024  |  Economy

The number of people receiving unemployment benefits reached its highest level in over two years. The insured unemployment number for the week ended June 15...

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Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
June 27, 2024  |  Economy

The third estimate of how gross domestic product (GDP) fared in the first quarter showed — at least in the headline number — there was...

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Amazon Market Valuation Tops $2 Trillion for First Time
Amazon Market Valuation Tops $2 Trillion for First Time
June 26, 2024  |  Amazon

Amazon’s market valuation topped $2 trillion for the first time Wednesday (June 26), driven in part by investor interest in artificial intelligence (AI). The company...

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Consumers Are Tired of Merchant Surcharges and Tipflation
Consumers Are Tired of Merchant Surcharges and Tipflation
June 26, 2024  |  Economy

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and...

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Consumer Confidence Slips Amid Concerns About Future Income, Business Conditions
Consumer Confidence Slips Amid Concerns About Future Income, Business Conditions
June 25, 2024  |  Economy

Consumer confidence slipped slightly in June but didn’t stray far from where it’s been for two years. The Conference Board Consumer Confidence Index dipped to...

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Walmart Doubles Down on Deal Days as Consumers Seek Sales Events
Walmart Doubles Down on Deal Days as Consumers Seek Sales Events
June 24, 2024  |  Walmart

Walmart is following up its just-finished summer savings event with another one weeks later, as the retailer looks to compete with Amazon’s Prime Day to...

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Share of US Consumers Living Paycheck to Paycheck Hits Two-Year High
Share of US Consumers Living Paycheck to Paycheck Hits Two-Year High
June 24, 2024  |  Retail

Despite a robust economy, a significant portion of American consumers are grappling with financial challenges that affect their shopping habits in profound ways, and to...

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Meet the 27 Million Americans Who Drive 8% of Consumer Spend but Struggle to Pay Their Bills
Meet the 27 Million Americans Who Drive 8% of Consumer Spend but Struggle to Pay...
June 21, 2024  |  Consumer Insights

The big consumer news last Friday was that the University of Michigan’s June Consumer Sentiment Index hit a seven-month low. Many scratched their heads, particularly...

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