Economy

Economy
Wages At Smaller Firms Reach Record High 
January 01, 2020

Small business employees are seeing fatter weekly paychecks, with an increase of 4.1 percent year-end, a nine-year high, CNBC reported on Wednesday, Jan. 1. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
JPMC Co-CEO Sees Big Tech As ‘Real Competitors’ In 2020
December 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase, told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 percent or 1.8 percent in the United States. Get the Full Story Complete the form to unlock this...

Economy
Big Banks Surge Amid Strong Holiday Spending
December 26, 2019

Some of the largest U.S. banks, like JPMorgan Chase, Bank of America (BoA) and Citigroup, gained as consumers spent during a robust holiday season, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Unemployment Claims Fell 13K Week Before Holiday
December 26, 2019

The number of people in the U.S. who are filing for unemployment continues to fall, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
November Home Sales Surge, October Numbers Down
December 23, 2019

The number of U.S. single-family homes sold in November increased from previous rates, but at the same time, the number from October turned out to be lower than previously reported, according to a Reuters report. Get the Full Story Complete the form to unlock this...

Economy
Consumer Spending Drives US GDP Up 2 Pct
December 22, 2019

With the current U.S. economy indicating brief warning signals of a slowdown in the last quarter to a .5 percent annual rate or lower, the year will still finish with strong figures, thanks to the resilience of consumers, a healthy labor market, the Federal Reserve’s...

Economy
Paris Strikes Drive 30 Pct Drop In Sales For Paris Retailers
December 16, 2019

Current strikes in France over a potential pension overhaul have adversely affected retail sales during the holiday season, according to a report by Bloomberg.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Report: Early Holiday Sales Up 2.2 Pct. YOY
December 05, 2019

A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Q4 Economic Readings May Show Growth, After All
December 03, 2019

From no growth to, well, growth. From economic doldrums to a healthy, if not robust, picture. 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...