April 18, 2024
Weekly Jobless Claims Unchanged; Remain at Low Level
The number of initial claims for unemployment insurance filed during the week ended Saturday (April 13) was unchanged from the previous week’s revised figure of 212,000. The previous week’s figure...
April 16, 2024
PNC Reports 2% Commercial Loan Dip Amid Manufacturer ‘Hesitancy’
PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%. Within this, consumer loans...
April 15, 2024
Cisco’s AI Chief Says Technology Will Enhance Workplace Productivity
From enhancing productivity and efficiency to revolutionizing customer experiences, artificial intelligence (AI) could reshape the future of work and commerce. PYMNTS interviewed Javed Khan, senior vice president and general manager of Cisco Collaboration,...
April 09, 2024
From Kathmandu to AI Frontiers: Fusemachines CEO’s Path to Tech
Growing up in Kathmandu, Nepal, Sameer Maskey did not experience the internet until the age of 19. Yet 15 years after that first encounter, he established his own AI company....
April 05, 2024
Unexpected Expenses Cost Consumers $5,500 on Average Last Year
Unemployment dropped 3.8% last month, offering another sign that the U.S. economy is on a slow but steady upward trajectory. And while this news is worth celebrating, it’s worth remembering...
April 05, 2024
Wage Growth May Not Rescue Paycheck-to-Paycheck Economy
Wages are increasing. The unemployment rate’s lower. The U.S. economy added more jobs in March than had been expected. And yet, it all may not be enough to offset the...
March 21, 2024
Banks Advocate Digital Payments as Defense Against Check Fraud
Despite the growing adoption of digital payment solutions worldwide, financial institutions (FIs) continue to process billions of checks each year, setting the stage for a growing trend: check fraud. Last...
March 20, 2024
NRF Expects ‘Moderate but Steady’ Retail Sales Growth in 2024
The National Retail Federation (NRF) expects retail sales to grow between 2.5% and 3.5% in 2024. That forecast is in line with the 2023 annual sales growth and the 10-year pre-pandemic average...
March 08, 2024
Healthcare, Government Lead February Job Gains
Healthcare and government employment led the U.S. economy’s job gains in February. These sectors led the pack as total nonfarm payroll employment increased by 275,000 in February, topping the average monthly gain...
