Business & Economics

Amazon.com Inc. shoppers in the U.S. spent less per order during the first 32 hours of the annual Prime Day sale than the previous two years, according to Numerator, suggesting shoppers are flocking to the site to buy diapers and cereal rather than flat-screen televisions and laptops.

Shoppers aren't showing any signs of getting tired of Amazon Prime Day, even though some sellers had said they weren't planning on offering deals this year.

The trend throughout the year has been for the market to surprise on the high side vs. the levels implied by supply, but the relentless drain on inventory is pointing to more sequential weakness before growth resumes later this year.

The BEA released the Personal Income and Outlays report for May: Personal income decreased $414.3 billion (2.0 percent) in May according...

From the BEA: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 1st Quarter 2021 Real gross domes...

U.S. business costs, buffeted by a COVID-decimated year of “chaos” worldwide in 2020, fell 4% to $1.56 trillion. That amounted to 7.4% of Gross Domestic Product (GDP), nearly an all-time low, according to a new authoritative report on the logistics sector.

LifeStance's stock price has soared since its IPO earlier this month.

Roth IRAs were intended to help average working Americans save, but IRS records show Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.

How the pomp and pageantry of Victoria’s Secret worked for so long.

Roscoe Street stores face competition for workers, shortage of products even as shoppers come back after Covid-19 restrictions end.

A retailer with an old-school feel might win big from the home-buying frenzy should it draw younger first-time members.

Backed up ports and the Suez Canal fiasco are just surface problems. When things go wrong in this business, they go seriously wrong.

Insiders are typically bullish on their own company.

It's now much easier than it was in 2008 to start a small business selling goods or services online.

Some companies are refusing to hire Coloradans for remote work because they don’t want to reveal what they pay under the state's law requiring a salary range be posted with a job opening.

Sales and charters of boats of all sizes are up this summer. You can forget about bargaining, brokers say.

Nearly 10 million Americans joined the public health coverage program for the poor through January, demonstrating the program’s increasingly important role not just as a safety net.

‘I never expected to have to have a loan at this age,’ says a 60-year-old who borrowed about $30,000 to go back to school later in life and owes $70,000 today.

More people are going to college and graduate school. There's also been an increase in parents taking on loan debt for their kids.

Amazon destroying millions of items of unsold stock in one of its UK warehouses every year, ITV News investigation finds; ITV National News

In early March, GoFundMe CEO Tim Cadogan wrote in a post that the first months of the COVID-19 pandemic “have tested humanity in ways most…

During the first seven months of the COVID-19 pandemic, more than 175,000 crowdfunding campaigns were established in the US for coronavirus-related ne…

Ownership and leadership are traditionally thought of as paths to creating wealth

The federal government has recommended that companies do not pay during ransomware attacks.

Business applications were the highest on record in 2020—up 24 percent from the previous year. We document five key business formation trends we observed in the data.

How long could U.S. interest rates hover near zero? This 200-year chart puts rates into context, as the Federal Reserve projects no change until 2023.

Far from signaling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown. Whether those peddling inflation fears are pursuing their own agenda or simply jumping the gun, they should not be heeded.

The City Observatory is a study of modern-day cities and urban development practices.