Double-digit increases in the price of gasoline and food combined to push the overall Consumer Price Index 8.6% higher in May, a move that not only topped economists’ already pessimistic fears but marked a fresh 41-year high in the cost of basic everyday life. Get...
New unemployment applications climbed last week above the pre-pandemic average for the first time since January, the U.S. Labor Department reported Thursday (June 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Payrolls grew the most in leisure and hospitality in May, reflecting a shift in consumer demand from goods to services as the world continues reopening post-pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The extent of paycheck-to-paycheck living — and the nuances within that broad categorization — are becoming more relevant and critical to consumers now than at any point in decades given a painful convergence of economic recovery slowed by war, disease and economics. Get the Full...
JPMorgan CEO Jamie Dimon said the company is preparing for extremely dire economic situations. 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 newsletter, PYMNTS...
When the U.S. Department of Labor and the Federal Reserve revealed that consumer prices had risen 8.5% by the end of March — by far the biggest increase the highest increase in over 40 years — it was a red alert that 2022 will be another year...
It’s Wednesday, June 1 and it’s a special day in the NFL due to a recent rule change that allows two players in the off-season to get cut from the team roster, which influences salary cap negotiations. Italy lifted COVID entry rules today, and Shanghai...
A quarter of U.S. workers are changing their retirement planning due to surging costs for necessities, according to the BMO Harris Bank Real Financial Progress Index released Tuesday (May 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
U.S. Consumer Confidence as measured by the Conference Board is beginning to slip amid stubbornly high inflation and some are beginning to show reluctance when it comes to making big purchases, according to Reuters on Tuesday (May 31). Get the Full Story Complete the form...
