The preliminary results of an Oct. 1-10 survey of American consumers by the University of Michigan show an unexpected upturn, with respondents anticipating larger income gains and lower inflation during the year ahead, the University of Michigan reported on Friday (Oct. 11). Get the Full...
The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The headline numbers trumpet that the unemployment rate is at a 50-year low. But the latest data points show a more mixed picture — not of where we’ve been but where we are going. Get the Full Story Complete the form to unlock this article...
Consider the stock market free fall a bit of a lagging indicator — one that seems to be playing catch-up to the U.S. economy’s slowing growth rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
New data shows that the internet sector accounted for $2.1 trillion of the U.S. economy in 2018 — about 10 percent of the nation’s gross domestic product (GDP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Bank for International Settlements said the world’s biggest banks are actually more resilient and pose less of a risk to the economy than before the financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Boston Federal Reserve president think that co-working spaces could ultimately hurt the economy, and even worsen the next U.S. recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The most common association with the term “social credit score” is with China. Since roughly 2014, the Chinese government has been working on the system, which is designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” according...
Gloomy economic clouds keep gathering, and the latest example comes from Europe, as retailers and payment services providers shift more of their focus to the all-important holiday shopping season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
