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Consumer Spending Rebounded in January

Defying both inflation and the odds, consumer spending rebounded in January, rising by 2.1%, according to the Commerce Department. Many analysts forecasted that consumer...

Weekly Jobless Claims Continues Downward Trend

New data from the Labor Department reveals that weekly jobless claims have fallen by 17,000 to 232,000 the week that ended on February 19th....

White House Announces New Steps to Help Supply Chain

The White House recently announced new steps taken intended to help the supply chain in the country, which would, in turn, help businesses with...

T.J. Maxx Misses Quarterly Estimates, Cites Omicron to Blame

TJX Cos Inc, which owns T.J. Maxx, recently missed quarterly estimates after the highly contagious Omicron variant caused foot traffic in stores to lessen....

Consumer Confidence Falls For Second Month in a Row

Consumer confidence has fallen in February for the second month in a row, according to a report conducted by the Conference Board. In February,...

Retail Sales Hit New Record High in January

Retail sales in the United States increased by 3.8% in January, the most in 10 months, hitting a new record high, according to the...

Weekly Jobless Claims Rise; Still Below Pre-Pandemic Numbers

Weekly jobless claims rose the week that ended February 12 by 23,000 claims, according to the Labor Department. While these claims unexpectedly rose for...

Walmart Posts Strong Fourth Quarter Results; Optimistic for 2022

Walmart recently posted strong fourth-quarter results, even amid inflation, high prices of goods, labor shortages, and global supply chain issues. Walmart also posted a...

Household Debt Increased $1 Trillion in United States in 2021

New data revealed in a report conducted by the New York Federal Reserve states that consumers in the United States grew their debt by...

Small Business Confidence Drops to 11-Month Low

A new report conducted by the National Federation of Independent Business reveals that small business confidence fell to an 11-month low, with the Small...

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