economy

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

Only 4% of US Households Are Unbanked
Only 4% of US Households Are Unbanked
November 12, 2024  |  Consumer Insights

The percentage of households in the United States that are unbanked declined to a record low in 2023. At 4.2% of U.S. households, or 5.6...

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Online Grocery Prices Dip for First Time Since Pandemic
Online Grocery Prices Dip for First Time Since Pandemic
November 12, 2024  |  Economy

Online grocery costs reportedly fell last month, their first dip since the COVID-19 pandemic. The cost of food declined by 0.1% in October compared to...

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Cautious Consumers, Hurricane Spend Define Home Depot’s B2B-Focused Third Quarter
Cautious Consumers, Hurricane Spend Define Home Depot’s B2B-Focused Third Quarter
November 12, 2024  |  Earnings

The Home Depot’s focus on the professional market remains unwavering, even as U.S. consumers curb their home improvement splurges. That was the latest from the...

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Singles’ Day Sales Growth Slows Amid China’s Economic Challenges
Singles’ Day Sales Growth Slows Amid China’s Economic Challenges
November 11, 2024  |  Retail

Retail sales made during China’s annual Singles’ Day shopping event reportedly slowed again this year amid the country’s economic challenges and consumer skepticism about retailers’...

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Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
November 08, 2024  |  Consumer Finance

All eyes were on the Federal Reserve’s interest rate cut this week. As widely expected, the central bank delivered a 0.25% trimming to the federal...

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Volatile FinTech Stocks Highlight Promise, Perils of Financial Services’ Digital Makeover
Volatile FinTech Stocks Highlight Promise, Perils of Financial Services’ Digital Makeover
November 08, 2024  |  Earnings

On Wall Street, what goes up must go down, and vice versa. A momentous week with a seesaw of volatility in the markets could be...

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Global Food Commodity Prices Reach Highest Level in 18 Months
Global Food Commodity Prices Reach Highest Level in 18 Months
November 08, 2024  |  Economy

Globally traded food commodities rose to their highest level in 18 months in October, driven by adverse weather conditions and other challenges. The FAO Food...

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Exclusive: Ahead of New Presidential Administration, Paycheck-to-Paycheck Consumers Feel Pinched
Exclusive: Ahead of New Presidential Administration, Paycheck-to-Paycheck Consumers Feel Pinched
November 07, 2024  |  Economy

Regardless of whether they voted for Trump or for Harris, whether they live in a blue state or a red state, the people living paycheck...

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Retailers Cut Christmas-Themed Item Orders Ahead of Lukewarm Holiday
Retailers Cut Christmas-Themed Item Orders Ahead of Lukewarm Holiday
November 05, 2024  |  Retail

As the holiday shopping season begins, expect to see fewer Christmas-themed items in stores. Retailers such as Walmart are ordering fewer Christmas trees, toys and decorations this...

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