The latest labor market figures delivered an unexpected turn, with payrolls shrinking in February and the unemployment rate ticking higher, raising new questions about whether consumer confidence and spending power can maintain their steadiness. Get the Full Story Complete the form to unlock this article...
Companies in the S&P 500 consumer discretionary sector are lagging behind other sectors in earnings due tohigh costs and soft demand, Bloomberg reported Friday (March 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Wholesale used vehicle prices increased by 4% year over year in February, driven by warmer weather and larger-than-usual tax refunds, Cox Automotive reported Friday (March 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The latest Federal Reserve Beige Book, released on Wednesday (March 4), describes a U.S. economy advancing at a restrained pace, a finding that corresponds with PYMNTS Intelligence data showing that millions of workers remain employed yet financially unsettled, while still opening their wallets to underpin...
The manufacturing sector saw more economic activity in February, marking the second consecutive month of growth and only the third month of growth in the past 40 months, the Institute for Supply Management (ISM) said Tuesday (March 3). Get the Full Story Complete the form...
A top Federal Reserve official said he sees an increasing divide between low-income and high-income households. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Bank of America Securities economists said the adoption of artificial intelligence (AI) is more likely to create new kinds of jobs than to simply eliminate jobs, Seeking Alpha reported Sunday (March 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A bill introduced in the Senate Thursday (Feb. 26) would strengthen the role of the Community Development Financial Institutions Fund (CDFI Fund) in improving capital access and economic development in underserved communities, its supporters say. Get the Full Story Complete the form to unlock this...
The global tariff environment has shown CFOs and procurement leaders that operational assumptions can be proven wrong at the drop of a hat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
