Economy

Economy
Inflation Is Strong, but Consumer Spending Might Be Stronger
November 24, 2021

Even in the face of the fast inflation in three decades, American consumers don’t seem to be afraid 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....

Economy
Aircraft Demand Drop Triggers Downturn in US Durable Goods Orders
November 24, 2021

The U.S. Commerce Department on Wednesday (Nov. 24) released a report showing a surprise drop in new orders for durable goods manufactured in the country in October, with the decline in new orders for transportation equipment seen as the primary culprit. Get the Full Story...

Economy
Rising Inflation Lowers Consumer Confidence
November 24, 2021

Consumer sentiment dipped to its lowest point in decades amid rising inflation and a decline in living standards, according to a Wednesday (Nov. 24) report from MarketWatch.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
US Jobless Claims Drop 71K to 199K
November 24, 2021

U.S. jobless claims fell to their lowest level in 52 years, dropping to 199,000 for the week ending Nov. 20, the Labor Department announced Wednesday (Nov. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Rising COVID Cases Hampering Europe’s Recovery
November 24, 2021

Europe’s shaky economic recovery could be derailed by a rise in new COVID-19 cases, which has led governments to place restrictions that could turn shoppers and tourists away. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Protests Heat up Across Europe Over Renewed COVID Restrictions
November 22, 2021

Protests are erupting across Europe as renewed COVID-19 restrictions and lockdowns are implemented amid escalating cases of the virus. Austria, in its fourth national lockdown, has become the first European country to introduce compulsory vaccinations, according to multiple media reports. Get the Full Story Complete...

Markets
Automotive Industry Market Cap Defies Consumer Appetite for Buying New Cars
November 22, 2021

On Wall Street, market capitalizations might be viewed as a proxy for how investors view a given company’s prospects, its position in its chosen vertical(s). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Remote and Ready: Online Shift Stands as Bright Spot Amid Austrian COVID Lockdown Fears
November 19, 2021

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...

Markets
Paysafe Stock Sinks Amid Weak Digital Wallet Performance
November 11, 2021

Shares of the online payment processing platform Paysafe plunged to a record low Thursday (Nov. 11) after disappointing third quarter revenues were reported, due in part to challenges in the digital wallet business, and lowered its profit forecasts for the year.  Get the Full Story...