Those who have been skeptical of the hype around ultrafast grocery all along have been vindicated, at least in part, as players in the space continue to shrink, shut down and face other difficulties due to a more challenging macroeconomic environment. Get the Full Story...
People are thinking twice before opening their wallets as inflation continues to run rampant, devouring retail sales in most categories last month and aligning with increases in the Consumer Price Index and causing even the wealthiest Americans to start fearing a recession. Get the Full...
On a day when headline inflation reports showed prices increases stubbornly staying about 8%, a deeper dive into the impact that figure is having on the psyche of spending is warranted, as high-earning, wealthy consumers are joining the less affluent in adopting a more cautious...
Core inflation hit its highest pace since 1982 in September, with more people living paycheck to paycheck and struggling to stay on top of bills. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
An economic trifecta of runaway inflation, Russia’s war on Ukraine and pandemic after-effects lingering from China are leading to gloomy projections of slow global growth by the International Monetary Fund (IMF). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
JPMorgan CEO Jamie Dimon has said there’s likely to be a global recession by the middle of 2023 due to a confluence of “very, very serious” mix of factors, according to CNBC Monday (Oct, 10). Get the Full Story Complete the form to unlock this article...
While overall job gains softened in September, non-farm employment rebounded to pre-pandemic levels from August, up 263,000 from 315,000, with the biggest gains in healthcare, leisure and hospitality, according to a Friday (Oct. 7) report from the U.S. Bureau of Labor Statistics. Get the Full Story...
A surge in trade volumes that started in 2020 is bottoming out due to multiple economic factors that include weakened household demand, higher interest rates and an uptick in energy costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Monetary policies instituted to offset inflation in developed nations like the U.S. and the U.K. are negatively affecting emerging markets, causing the United Nations and other transnational institutions to sound the alarm that the world could be on the brink of a global recession. Get...
