Economy

Economy
UK SMB Loan and Mortgage Defaults on the Rise
January 20, 2023

The Bank of England (BoE) has reported an increase in small businesses defaulting on loans. 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,...

Economy
CEO Says Uber Has No Plans for Widespread Job Cuts
January 19, 2023

Uber’s CEO says the rideshare/delivery giant has no plans for company-wide layoffs. 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 Today. By...

Economy
Fast Fashion’s Hot New Player Shein Not Immune to Economic Strife
January 18, 2023

Shein is reportedly considering a funding round that would lower its market valuation by a third. 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...

Economy
BofA Reportedly Pauses Hiring Ahead of Recession
January 18, 2023

Bank of America is reportedly freezing most hiring as it prepares for a possible recession. 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,...

Economy
Consumers’ Inflation Perception and Government Data Are Miles Apart
January 18, 2023

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 Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Economy
Robinhood Debuts Sherwood Media to Cover Finance News
January 17, 2023

Trading platform Robinhood is getting deeper into the news business. 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 Today. By completing this...

Economy
Upscale Restaurants Close Up Shop While Downscale Brands Keep Going
January 16, 2023

As inflation forces restaurants to take drastic measures, high-end establishments are shuttering dining rooms. 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...

Economy
PayPal and Mastercard Dissect ‘Cooperation in a Fragmented World’ at Davos
January 16, 2023

The future of the global economy hinges on the future of money and payments. 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...

Economy
Report: Discount Retailers See New Wave of Cost-Conscious Shoppers
January 15, 2023

Discount retailers are set to see high traffic this year as consumers worry about rising costs. 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...