The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.
Category: Consumer Confidence (Economic Indicator)
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UPS Will Cut Up to 30,000 Jobs in 2026
The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.
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American Wealth Is at a Record High. Sentiment Is Low, and Falling.
A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.
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Trump Trade Policies and Federal Cuts Shake Consumer Confidence
The level in the Conference Board’s latest monthly survey was the lowest since January 2021.
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Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect
More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.
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Why Are People So Down About the Economy? Theories Abound.
Things look strong on paper, but many Americans remain unconvinced. We asked economic officials, the woman who coined “vibecession” and Charlamagne Tha God what they think is happening.
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In China Businesses Cut Prices as Consumers Spend Less
Beijing hopes spending can spur growth, which has been dragged down by slowing real estate sales and exports. But shoppers are gravitating to discounts.
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Why High Interest Rates and Energy Prices Are Stressing the Economy
Treasury rates and oil and gasoline prices have been increasing, putting the Fed in a difficult spot, our columnist says.
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U.S. Government Shutdown Is Unlikely to Cause an Immediate Recession
White House and Wall Street estimates suggested the economy could withstand a brief shutdown, with risks mounting the longer it lasts.
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How China Made Its Housing Crisis Worse
Years of inattention to building an adequate safety net for seniors, the jobless and others in financial stress have left Chinese consumers afraid to spend.