Economy

Markets
Mastercard: Service Spending Making a Comeback
April 06, 2022

The month of March marked the ongoing return to pre-pandemic consumer spending, Mastercard said Wednesday (April 6) in its Spending Pulse report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Bank of America Reportedly Bringing Workers Back to Office June 1
April 05, 2022

Bank of America will bring its U.S. workers, vaccinated or not, back to the office by June 1, Bloomberg reported Tuesday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Shoppers Turn Away From Name Brands as Inflation Takes a Bite out of Grocery Budgets
April 05, 2022

Inflation is letting some air out of pricey, coveted consumer packaged goods (CPG) name brands amid evidence that shoppers feel pinched and are shifting to discount labels and stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
New Vehicle Sales Declines Go Beyond Inventory, Chip Shortage
April 04, 2022

The latest data from the car industry might point to some troubling signs for the U.S. consumer’s propensity to spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Markets
J.P. Morgan: Apple, Qualcomm No Longer Among Most-Preferred Stocks
April 01, 2022

Apple and chipmaker Qualcomm have been bumped from J.P. Morgan’s list of most-preferred stocks, analysts said Friday (April 1), as demand continues to slow for smartphones, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Markets
Bain Capital Considers Taking Toshiba Private
April 01, 2022

Private equity firm Bain Capital is considering a possible sale of Japan’s Toshiba Corp. in a move designed to carry out foreign shareholders’ wish to take the company private. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
US Economy Adds 431K Jobs in March Amid Falling Unemployment Rate
April 01, 2022

The U.S. economy picked up 431,000 new jobs in March as the unemployment rate dropped to a pandemic low of 3.6% from 3.8% last month, marking one of the fastest economic rebounds in decades, according to data released Friday (April 1) from the U.S. Bureau...

Economy
Dual Punches of Inflation, Russian Attack Trigger Consumer Spending Slowdown
March 31, 2022

With the dual punches of runaway inflation and the ongoing Russian attack on Ukraine, consumer spending in February went up at a slower pace of 0.2%, down from a revised 2.7% increase in January, according to the Thursday (March 31) report from the U.S. Commerce...

Economy
Rising Food Costs Create Anxiety, Change Menus
March 29, 2022

Around the world, rising food prices are forcing cooks, home and professional alike, to reconsider how they prepare their foods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....