Every time a shopper swipes a plastic card or taps to pay, a retailer pays a fee to the card provider, the payment network, and often to companies such as Square that provide the swipe hardware.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Dec 10 2024
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ONLINE RETAILERS SEE A LITTLE MORE GREEN ON BLACK FRIDAY WEEKEND
Over this year’s Thanksgiving weekend—stretching from Thanksgiving Day through Cyber Monday—about 197 million people hit the stores, compared to roughly 200 million a year ago, according to a consumer survey by the National Retail Federation (NRF).
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GOP TAX DECISION WILL HAVE NO NET IMPACT ON U.S. ECONOMY, CBO SAYS
When the Republican Party takes control of the federal government next month, it will have to choose whether to extend the tax cuts it enacted in 2017 or let them expire next year.
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U.S. ECONOMY ADDS 227,000 JOBS IN NOVEMBER
Employers took on another 227,000 workers in November, indicating a strong but not overheated jobs market.
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PRODUCTIVITY GAINS BOOST U.S. GDP GROWTH
The U.S. economy has undergone a boom in productivity, the amount of work accomplished per worker, the U.S. labor department reported.
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ECONOMIC UPDATE – MARKET OVERVIEW
The Happy Days in America keep getting happier since Donald Trump won the race to the White House.
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INVESTORS SHOVEL $139.5 BILLION INTO STOCK FUNDS AFTER TRUMP’S WIN
Following the 5 November U.S. election, investors poured $139.5 billion of new money into U.S. stock funds, assuming a Trump administration will cut taxes and clear away regulations to boost corporate profits, the Financial Times reported.