Economy

Economy
Fed Data Shows Household Worth Up To $136.9 Trillion, Debt Climbs 6.5 Pct In Q1
June 10, 2021

The net worth of households and nonprofits grew to $136.9 trillion for the first quarter of this year, according to a statistical release from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Consumer Price Index Surges 5 Pct, Beating Forecasts
June 10, 2021

The U.S. Consumer Price Index (CPI) surged 5 percent year over year in May, the fastest pace since August 2008 and higher than Wall Street expectations, according to reports on Thursday (June 10).  Get the Full Story Complete the form to unlock this article and...

Economy
Initial Unemployment Claims Fall For Sixth Consecutive Week
June 10, 2021

New jobless claims in the week ending June 5 dropped again — the sixth time in a row — coming in at 376,000, a decrease of 9,000 from the previous week’s unrevised level of 385,000, according to the U.S. Department of Labor’s latest weekly report on Thursday...

Economy
NRF: US Consumers Expected To Propel Retail Sales To Over $4.44 Trillion In 2021
June 09, 2021

The National Retail Federation (NRF) has revised its annual forecast for 2021, now saying retail sales are likely to grow between 10.5 percent and 13.5 percent, totaling over $4.44 trillion this year, according to a press release. Get the Full Story Complete the form to...

Markets
Psst … Here Are The Meme Stocks Of Tomorrow
June 09, 2021

Psst. We’ve got a “hot tip” for you. The kind that, on Wall Street, promises riches and rewards. Want to ride the market to the moon? Pick your winners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Remote Work, Order Backlog Propels US PC Market Up 73 Pct In Q1 2021
June 08, 2021

The U.S. saw a surge in the PC market as work-from-home continued in the first quarter of 2021, a Canalys study found, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
NY Fed Research Says Mortgage Forbearance Skews Credit Scores
June 08, 2021

The pandemic is ebbing, and the U.S. economy is — in lumpy fashion, to be sure — reigniting. 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...

Economy
Big US Companies Take Longer To Pay Invoices Despite Recovery
June 07, 2021

Even though the U.S. economy is beginning to recover from the pandemic, some companies still aren’t paying suppliers on time, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Demand Drives Up Used Car Prices In US, UK And Germany
June 06, 2021

It may be time to retire the used car salesman jokes, at least for a while. 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...